The flash loan exploit was executed through the Arbitrum and Binance Smart Chain networks.
The post Hedgey Finance loses $44.5 million in flash loan exploit appeared first on Crypto Briefing.
In a recent interview with Fox on April 18th, Ripple CEO Brad Garlinghouse shared his insights on the crypto market, particularly weighing in on his recent forecast suggesting a doubling digital currency market size by 2024. In the interview, Garlinghouse also remained bullish on the long-term trajectory of the digital currency market despite recent market […]
The post Is Mining BTC with NFTs Legit or Scam: GoMining In-Depth Review 2024 appeared first on Coinpedia Fintech News
Since it was created back in 2009, Bitcoin has been the trailblazer of the crypto world. Climbing to unprecedented heights, everyone wanted a piece of the action, everyone, that is, until the cryptocurrency ran into stormy waters. Of course, every asset experiences such turbulence. However, it didn’t stop many from jumping ship and the resulting …
Scroll introduced a loyalty program to allow users to earn Marks exclusive rewards for active participants, excluding US and Chinese users.
The post Ethereum layer 2 Scroll unveils loyalty program to reward early adopters and active users appeared first on Crypto Briefing.
The post Latest Security Breach hits Arbitrum; Hedgey Finance Loses $1.9 Million in Hacker Attack appeared first on Coinpedia Fintech News
The crypto market has suffered yet again, due to a recent exploitation on the ARB chain and a big hack on the Hedgey Finance token claim contract that resulted in a huge financial loss for the protocol. Attacker Steals Over $40 million in Tokens A web3 security firm, cyvers, flagged the hack and revealed that …
Tether, the company behind the largest stablecoin in the market, USDT, has made a significant expansion move that has propelled the Toncoin price, the native token of The Open Network (TON), by 17% in the past 24 hours. Tether Expands Reach To 15 Blockchains On Friday, Tether announced the launch of its USDT dollar-pegged token and Tether Gold (XAUT), a gold-backed digital token, on The Open Network. This development marks a significant move for Tether, expanding its presence to 15 blockchains. The integration of TON with Telegram, which boasts over 900 million global users, is expected to provide a “seamless and borderless” experience for peer-to-peer (P2P) payments within Telegram’s user base. With the introduction of USDT and XAUT on TON, Tether aims to facilitate the easy transfer of value between users in the TON ecosystem and other blockchain networks while increasing the transfer speed and reducing costs. Related Reading: Analyst Forecast: Litecoin Poised For $250-$300, But Can It Hold? Paolo Ardoino, CEO at Tether, expressed excitement about the launch, emphasizing their support for The Open Network’s vision of an open and “decentralized internet.” Ardoino stated: We’re excited to bring USD₮ and XAU₮ to The Open Network because we support its vision of an open and decentralized internet and a borderless financial system. The launch of USD₮ and XAU₮ on TON will allow seamless value transfer, increasing activity and liquidity while offering users a financial experience that can match those found in the traditional financial system. This furthers our mission of powering open financial infrastructure across the blockchain space. 11 Million TON Tokens To Drive Adoption Of USDT, XAUT Meanwhile, The Open Network claims to “revolutionize” global peer-to-peer payments, allowing Telegram users to send money instantly without needing a blockchain address or downloading a new app. Notably, USDT on TON will be complemented by fully integrated on-ramps supporting most fiat currencies globally. Additionally, integrated global off-ramps will facilitate users’ withdrawal of supported fiat currencies directly to their bank accounts or cards. The TON Foundation has allocated 11 million TON tokens as incentives to drive adoption. Five million TON will be utilized to boost rewards in USDT/TON liquidity pools across TON decentralized exchanges (DEXes) like StonFi and Dedust. Another 5 million TON will be distributed to users who deposit USDT to the Earn campaign of Telegram’s wallet. Furthermore, withdrawals to TON from supporting exchanges such as OKEx, Bybit, and KuCoin will be free for all users until the end of June 2024. Related Reading: Bitcoin Halving Could Catalyzed $100,000 Price Surge: Bitwise CEO Ultimately, the introduction of USDT and XAUT on TON, coupled with the incentives provided, is expected to accelerate the adoption of TON and establish it as a “faster, easier and more cost-effective” cross-border payment system compared to traditional financial services, according to The Open Network’s announcement. Toncoin Price Rallies Following the disclosure of the partnership, the Toncoin price surged, reaching a high of $8.02 on Friday. This marked the end of a sharp decline over the past week since the token achieved its all-time high (ATH) of $8.79 on April 11. After reaching the new ATH, the Toncoin price dropped to a low of $5.42 on Saturday, April 13. However, with the recent partnership announcement, the Toncoin price has regained its bullish momentum and is currently trading at $6.59. It aims to surpass the price resistance level of $7.70, which will pave the way for reaching and surpassing the $8 mark. This would provide a favorable trajectory for the Toncoin price to conquer and exceed its current ATH. Featured image from Shutterstock, chart from TradingView.com
The post Only 10 Hours To Bitcoin Halving: Here’s How Miners Are Preparing appeared first on Coinpedia Fintech News
The Bitcoin halving event is set to occur between April 19-20, 2024. This event, occurring every four years, will cut the block subsidy for Bitcoin miners from 6.25 BTC to 3.125 BTC, effectively halving the reward that miners earn for their work. Despite this, miners may hold off on selling activities this time, creating an …
Bitcoin ETF outflows have been changing, London-based Farside Investments suggests in its latest study.
The post Bitcoin ETF outflows signal shifting sentiment — Farside Investors appeared first on Crypto Briefing.
Token infrastructure platform Hedgey Finance lost approximately $44.5 million of digital assets within two hours across Ethereum’s layer-2 network Arbitrum and Binance Smart Chain. In an April 19 statement shared with CryptoSlate, blockchain security firm Cyvers explained that a malicious attacker exploited Hedgey’s “createLockedCampaign” function using flash-loaned funds to siphon off the funds. A breakdown […]
The post Hedgey Finance hit by $44.5 million crypto theft across Arbitrum and Binance networks appeared first on CryptoSlate.
Founder Pavel Durov outlined plans for the decentralized messaging app to tokenize stickers and power blockchain functionality on The Open Network.
Quick Take As the highly anticipated Bitcoin halving draws near with just over 70 blocks remaining, and with the launch of Runes expected to go live on block 840,000, the Bitcoin market is witnessing a significant shift in transaction fees. CryptoSlate has extensively covered the gradual increase in Bitcoin fees throughout April, and according to […]
The post Single Bitcoin transaction just cost $17,468 as halving nears appeared first on CryptoSlate.
With Bitcoin gearing up for its next deflationary jolt, here are some initiatives aimed at fostering a deeper understanding of the digital currency and its ecosystem.
Kadan Stadelmann, the Chief Technology Officer (CTO) of Komodo, an open-source technology workshop, has raised concerns about the increasing centralization of the world’s largest cryptocurrency, Bitcoin. Stadelmann asserts that the rising centralization poses a threat to the fundamental principle of BTC as a decentralized digital currency. Centralization Poses Existential Threat To Bitcoin According to Stadelmann, a […]
Crypto expert Michaël van de Poppe has provided insights into what to expect when the Bitcoin halving occurs on April 19. As part of his analysis, van de Poppe suggested that the attention might shift from Bitcoin once the event occurs. A Narrative Shift To Occur Post-Halving Van de Poppe mentioned in an X (formerly Twitter) post that narratives will change as the halving event approaches but failed to specify what the new narrative will be when this happens. However, in a previous X post, the crypto expert laid out some of his expectations for the crypto market going forward, which included what he expected the new narrative to be. Related Reading: XRP Whales Are On The Move Again, But Are They Bullish Or Bearish? According to Van de Poppe, the narrative will shift to Ethereum (ETH) and projects that are focused on Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA). These sectors, along with Artificial Intelligence (AI) and meme coins, have been projected to be among the leading narratives in this bull run. Meanwhile, the crypto expert, who has so far continued to state that altcoins are greatly undervalued, expects these crypto tokens to bounce “in their Bitcoin pairs” once the hype around the halving is over. Furthermore, Van de Poppe mentioned that altcoins will show bullish strength from this second quarter until the summer after which a correction will come in the third quarter of the year. Before now, the crypto expert listed ten altcoins he believes could make the most price gains when the altcoin season begins in full force. These tokens include Chainlink (LINK), Celestia (TIA), Arbitrum (ARB), Polkadot (DOT), Cosmos (ATOM), DYDX (DYDX), WooNetwork (WOO), Sei (SEI), Skale Network (SKL), and Covalent (CQT). Expectations For Bitcoin In the short term, Van de Poppe expects Bitcoin to experience a relief bounce to around $70,000. However, he didn’t sound so bullish about the flagship crypto’s long-term trajectory, predicting that Bitcoin will face a period of consolidation that he doesn’t expect to change in the “coming months.” In another X post, he said, “It’s a waiting game on Bitcoin currently, as momentum is relatively gone.” He added that he expects Bitcoin to continue “the retracement and consolidation,” while altcoins will bounce up in their BTC pairs during this period. Related Reading: Crypto Analyst Predicts Cardano Rally To $3 As Price Reaches ‘Ultimate Support Test’ This predicted consolidation period looks to be the re-accumulation phase in the stages of Bitcoin halving, which crypto analyst Rekt Capital once referred to. Elaborating on what this period is like, Rekt Capital stated back then that many investors get “shaken out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving.” Once this period is over, Bitcoin is expected to make its “parabolic uptrend,” a phase that Rekt Capital noted historically lasts just over a year. In line with this, it is worth noting that most of Bitcoin’s price gains usually come between six months to a year after the Bitcoin halving has occurred. BTC price shows bullish momentum ahead of halving | Source: BTCUSD on Tradingview.com Featured image from Yahoo Finance, chart from Tradingview.com
Over $500 million worth of digital assets were lost to hacks and exploits in Q1 2024.
Ava Labs founder Emin Gün Sirer said that while there were challenges, it was “worth it” because of the energy the crypto community brought.
The post Will Bitcoin Peak Sooner? Analyst Unveils Two Potential Scenarios appeared first on Coinpedia Fintech News
Prominent crypto analyst Rekt Capital has delved into historical patterns to determine when Bitcoin might reach its peak in the current bull market. Drawing on historical patterns and the current state of the market, Rekt Capital offers intriguing projections that could shape investors’ strategies in the coming months. Decoding Bitcoin’s Bull Market Peak Rekt Capital …
With less than 12 hours remaining until the next Bitcoin halving, online interest in the event has hit its highest rate, according to detailed tracking information provided by blockchain analytics platform Santiment. Santiment is tracking social volume and dominance around the event, with volume spiking to its second-highest level ever and dominance reaching a new […]
The post Bitcoin halving interest higher than ever with under 12 hours left to go appeared first on CryptoSlate.
The post Telegram’s Toncoin Outshines Legacy Networks and Meme Coins appeared first on Coinpedia Fintech News
Big changes are happening in the world of layer one (L1) networks, thanks to the rising star of the Telegram-backed Toncoin (TON) blockchain. Toncoin recently knocked Cardano (ADA) out of the top ten digital assets and now, it’s overtaking Dogecoin (DOGE), a favorite of tech tycoon Elon Musk. Toncoin’s rise has been impressive. As of …
The post Ethena (ENA) & THORChain (RUNE) Price Record Massive Gains; Here’s Where They May Reach This Week appeared first on Coinpedia Fintech News
Ethena (ENA) Price Analysis Ethena, an Ethereum-based synthetic dollar protocol, has triggered a bullish breakout beyond the resistance. One of the main reasons behind the surge is anticipated to be followed by a collaboration with Bitget Wallet. This enables users to engage with Ethena via Bitget’s wallet browser extension and mobile application. The users will …
Unlike other stablecoin issuers, Tether says it is focused on offering stablecoin services to the world’s unbanked, which amounts to over 300 million people.
The malicious actors have reportedly registered multiple domains mimicking Whales Market.
Shibarium, the layer-2 blockchain solution crafted by the creators of the Shiba Inu (SHIB) token, have unveiled a comprehensive update to its platform, promising enhanced performance and broader accessibility. This announcement was disseminated through the official Shibarium Network account on X, which emphasized significant user interface improvements and expanded wallet compatibility. Shiba Inu News: Shibarium […]
The Bitcoin bottom may be in ahead of the halving, based on the profitability levels of large BTC holders and technical chart patterns.
Stablecoin issuer Tether confirmed to CryptoSlate its expansion of US dollar-backed USDT and gold-backed XAUT stablecoins onto The Open Network (TON) blockchain, according to an April 19 statement. The move aims to enhance the utilization of stablecoins for cross-border and peer-to-peer transactions among the 900 million users of the TON-related Telegram messaging application. According to […]
The post Tether coming to Telegram through TON blockchain amid $11 billion wider minting spree appeared first on CryptoSlate.
The post How Ripple vs SEC Challenges Shape XRP’s Market Outlook appeared first on Coinpedia Fintech News
As Ripple’s legal battle with the SEC continues, Bill Morgan’s commentary has shed light on the lasting impact of the SEC lawsuit and XRP’s current market performance. Legal Turmoil and XRP’s Resistance Bill Morgan has raised concerns about the lingering effects of the SEC lawsuit, highlighting Ripple’s prolonged silence on XRPL amidst legal battles. “Never …
Emin Gün Sirer believes memecoins have become an entertaining entry point for crypto-curious newcomers but remain risky investments.
Quick Take Farside data shows that on April 18, Bitcoin (BTC) exchange-traded funds (ETFs) experienced a small outflow of $4.3 million, marking the fifth consecutive trading day of outflows. However, this was the smallest outflow among the previous five trading days, suggesting a potential shift in sentiment. Farside data reports that Grayscale GBTC saw outflows […]
The post Bitcoin ETFs experience fifth consecutive trading day of outflows appeared first on CryptoSlate.
London-based Nickel Digital has issued caution over the recent uptrend in crypto volatility, claiming that this was not 'a new normal'.
The post Record Q1 crypto volatility is ‘not a new normal’ — Nickel Digital appeared first on Crypto Briefing.
As the market approaches Bitcoin's fourth halving on April 19, let's explore five intriguing facts about this phenomenon that may surprise even the most seasoned crypto-enthusiasts.