Bitcoin, Ether surge over 6%

Cryptocurrency prices are in green on August 14. The global cryptocurrency market cap is $1.99 trillion, a 6.38 percent increase over the last day, while the total crypto market volume over the last 24 hours is $106.24 billion, which makes a 9.79 percent decrease. Read more here.

Polygon acquires Hermez in $250 million deal

Polygon (formerly Matic Network) has acquired Hermez Network — a ZK-Rollups-based Ethereum scaling solution — for $250 million, the first of a kind 'token merger' in the cryptocurrency space.

CoinFund hires former Citigroup exec as new president and managing partner

CoinFund has hired Christopher Perkins, formerly an exec at Citigroup, to serve as its new president and managing partner, Bloomberg first reported.

What a $600 million heist tells us about the future of crypto

Adam Samson Crypto land has been transfixed this week by a brazen and deeply strange heist of about $600 million. It has been a cinematic experience, the new-age version of a bank robbery flick, replete with a colourful thief, a squad of digital vigilantes and any number of armchair detectives watching it all play out in real time. Read more here.