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Defi Platform Levana Protocol Says $1.14 Million Was Lost During an ‘Oracle Attack’
29.12.2023
The decentralized finance platform Levana Protocol confirmed on Dec. 27 that unknown attackers had drained approximately $1.14 million from the liquidity pool. The Levana team however insisted that the issue has “been fixed and opening positions will relaunch next week.”...
Is Chainlink Going to Zero? LINK Price Drops 9% as New Mining Project Exceeds $6.6 Million Raised
29.12.2023
Leading oracle project Chainlink has endured a -9% LINK price drop over the past 24-hours, leaving some panicked holders asking is Chainlink going to zero? This comes amid a broader downtick and retracement in major cryptocurrencies over the past 24-hours, which has spread throughout the market....
Blockchain Security Firm Says Pink Drainer Responsible for $4.4 Million LINK Exploit
29.12.2023
Source: AdobeStock / Tomasz Bidermann Cryptocurrency hacking group, Pink Drainer has been linked to the recent $4.4 million LINK user drain, increasing the number of their victims to 9,068 with a total of $18.7 million stolen. According to on-chain analytics firm Etherscan, another user has fallen...
Anti-Corruption Commission Reveals South Korean Lawmakers Traded $98M in Crypto Over Past Three Years
29.12.2023
Source: Pixabay The Anti-Corruption and Civil Rights Commission has revealed that South Korean lawmakers engaged in crypto trading, totaling a staggering 125.6 billion won ($97.6 million) over the past three years. The commission’s 90-day inspection into the virtual asset transaction records...
Kyrgyzstan Raises $1m from Crypto Mining Taxes in 2023
29.12.2023
Source: chekart/Adobe Kyrgyzstan is quietly becoming a force in crypto mining, with its government set to raise over $1 million this year from taxing the industry. According to the media outlet 24KG, the nation’s finance ministry reported that it had raised $900,000 worth of tax revenue from crypto...
Former US President Donald Trump Selling ETH Worth Millions of Dollars, Analysis Indicates
29.12.2023
An analysis by crypto intelligence firm Arkham indicates that Donald Trump, the 45th President of the United States, is selling millions of dollars in ether acquired from selling his non-fungible token (NFT) collections. The analytics firm also revealed that Trump’s highest crypto balance...
South Korean Police Shut Down ‘Gangsters’ $32m Crypto Scam Ring’
29.12.2023
Source: Robert/Adobe South Korean police say they have swooped on a $32 million chat app-based crypto scam ring that they say was being run by a network of “gangsters.” Per Chosun Ilbo, Busan Metropolitan Police, the group comprised nine groups of “violent gangsters” who operated bogus “crypto...
Perpetuals Trading Protocol Levana Suffers Oracle Attack, Loses $1.14 Million
28.12.2023
Source: Pixabay Perpetuals trading protocol Levana has fallen victim to an oracle attack, resulting in a loss of $1.14 million. According to a report from the Levana team, the exploitation happened between December 13th and December 26th, with the assailants siphoning off 10% of Levana’s liquidity...
L2 Protocol Blast Soars Past $1 Billion in Locked Crypto Value
28.12.2023
Statistics reveal that the Ethereum layer two (L2) platform Blast now secures over $1 billion within its protocol. The total value locked (TVL) in Blast has expanded more than twelvefold since its launch in late November. Blast’s TVL Hits $1 Billion Initially, on Nov. 22, 2023...
Is It Too Late to Buy Bitcoin SV? BSV Price Rallies 80% as MK Token Approaches $5 Million
28.12.2023
The Bitcoin SV price has rallied powerfully for the past two days but faces technical resistance, while the Meme Kombat presale nears $5 million raised. Image by Fareed Mindalano, DALL-E 3. Bitcoin SV (BSV) has been one of the biggest beneficiaries of the recent bullish sentiment...
Is Mina Protocol Going to Zero? MINA Price Drops as New Mining Protocol Secures $6.4 Million
28.12.2023
Leading zero-knowledge blockchain Mina Protocol has seen MINA price drop into retracement following tough resistance, leading some panicked bag-holders asking is Mina Protocol going to zero? This comes following a sensational week-long pump, which saw MINA price climb +120% amid a broader uptick...
Student by Day, Crypto Miner by Night: NYU Undergrad’s $6 Million Empire
28.12.2023
Source: AdobeStock / LIGHTFIELD STUDIOS Jerry Yu is a 23-year-old student at New York University. He’s also the majority owner of a Bitcoin (BTC) mining farm in the US, fighting legal battles and various allegations. Yu, a Chinese national and US resident, is what the Chinese call...
PancakeSwap Proposes to Reduce CAKE Token Supply by 300 Million
28.12.2023
More than 99.95% of the community, representing 70,000 votes from CAKE holders, favored the proposal shortly after it went live
PancakeSwap Developers Launch Proposal to Reduce CAKE Token Supply by 300 Million Tokens
28.12.2023
Adobe Stock / JorgeEduardo Decentralized exchange (DEX) PancakeSwap has introduced a proposal to significantly decrease the maximum supply of its native ecosystem token, CAKE. The developers seek to reduce the token supply from 750 million to 450 million, aiming to better align it with the current...
Donald Trump Sells $2.4 Million Ethereum: Arkham Intelligence
28.12.2023
Source: Pixabay / heblo (Edited by Hongji Feng) Former U.S. President Donald Trump has sold a substantial amount of Ethereum, amounting to $2.4 million, according to Arkham Intelligence. In a recent post, the blockchain intelligence firm Arkham Intelligence shared a screenshot of a crypto wallet’s...
Cathie Wood’s Ark Invest Sells off Entire GBTC Holdings, Allocates $100 Million to Bitcoin Futures ETF BITO
28.12.2023
Source: Adobe Stock Cathie Wood’s Ark Invest has reportedly offloaded its entire Grayscale Bitcoin Trust (GBTC) holdings, following a recent trend of divestment. Earlier this month, the asset management firm liquidated nearly $45 million in GBTC shares and over $150 million in Coinbase...
Digital Asset Products Record $103 Million Inflows as Assets Under Management Maintains $52 Billion Position
28.12.2023
Source: Adobe / Luisa Cryptocurrency funds recorded $103 million inflows in the penultimate week of the year as institutional investors keep momentum toward a spot Bitcoin (BTC) ETF approval by the Securities and Exchange Commission (SEC). Recent data provided by CoinShares shows massive inflows...
Bitcoin Price Prediction as Billionaire Michael Saylor Announces New $600 Million BTC Purchase – Time to Buy?
27.12.2023
In a recent development that’s invigorating the cryptocurrency market, Bitcoin (BTC) has experienced a resurgence, now hovering around the $43,000 mark. This comes after a momentary dip below $42,000, with the digital currency currently trading near $42,300. The global cryptocurrency market...
Web2 Platforms Aim To Make Web3 Development Easy, But Will This Hurt The Industry?
27.12.2023
Source: AdobeStock / Sergey Nivens Web3 activity has increased over the course of 2023. According to a recent report from DappRadar, the decentralized application industry (dApp) achieved a milestone of 3.4 million daily Unique Active Wallets (dUAW) in November. The report notes that this...
Microstrategy Acquires More Bitcoin, Raising Total Holdings to 189,150 BTC
27.12.2023
Nasdaq-listed Microstrategy has bought 14,620 more bitcoin for approximately $615.7 million. The latest purchase raised the company’s cryptocurrency holdings to 189,150 bitcoin, acquired for about $5.9 billion at an average price of $31,168 per coin. Microstrategy’s executive...