DeFi attacks are on the rise — Will the industry be able to stem the tide?
Dozens of DeFi systems have been hacked over the past year, and the trend doesn’t seem to be abating. Go to Source Powered by WPeMatico
Month: May 2022
Despite the Low Price, Bitcoin’s Hashrate Remains Elevated as Difficulty Taps an All-Time High
Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin’s hashpower has remained high after reaching an all-time high on May 02, at block height 734,577. Moreover, while bitcoin miners continue to search for blocks, the network recorded another … Read more
Terra Luna Officially Dead, Do Kwon Releases More Statements on Twitter
After a coordinated attack last week that de-pegged the TerraUSD stablecoin, LUNA was sent into freefall as more and more coins were being minted to attempt to re-stabilize UST. Unfortunately, this caused a vicious cycle that pushed LUNA’s price to worthless levels, effectively wiping out billions of dollars worth of Terra Luna value. Any investors … Read more
American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases
A recent survey study has found that two out of five Americans in committed relationships have admitted to hiding a cryptocurrency purchase from their partner. The crypto-cheating partners believe disclosing the purchase would damage their relationship. Reasons for Not Disclosing Purchases A Circuit survey study that sought to determine the extent of financial infidelity among … Read more
DeFi transforming lending routes on the blockchain
Decentralized routes of lending and borrowing through smart contracts are allowing DeFi finally to overthrow the traditional finance sector. Go to Source Powered by WPeMatico
Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x
On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. Go to Source Powered by WPeMatico
Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’
Traders’ risk appetite seems untainted as speculation around LUNA runs wild once again. Go to Source Powered by WPeMatico
Public Consultations Reveal Positive Interest in Bank of Israel’s Digital Shekel
A survey carried out by the central bank of Israel has returned mostly positive responses from stakeholders regarding the possible issuance of a digital shekel currency. Many of the participants in the public consultations support the continued development of the project, the regulator said. Bank of Israel Releases Results From Consultations on Digital Shekel Project … Read more
On-chain privacy is key to the wider mass adoption of crypto
Blockchain transactions need privacy to catalyze mass adoption. On-chain privacy is coming, and that’s good for businesses and investors. Go to Source Powered by WPeMatico
Bitcoin network fortifies as mining difficulty records ATH of 31.251T
BTC’s latest network difficulty all-time high makes it nearly impossible for bad actors to represent over 50% of the hash rate. Go to Source Powered by WPeMatico