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On June 23, 2022, the Harmony development team announced that $100 million was siphoned from the Horizon bridge, and the organization explained it was working with national authorities and forensic specialists. According to an account published Polygon’s chief information security officer, Mudit Gupta, the Horizon bridge attacker allegedly took control of the multi-signature wallet leveraged … Read more
Interestingly, Ethereum has not reclaimed its all-time high against Bitcoin since June 2017 despite the NFT craze. Go to Source Powered by WPeMatico
While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend. Defi TVL Improves, Cross-Chain … Read more
Airdrops are a great marketing tool, but they can have downsides for crypto projects and investors alike. Is there a way around this? Go to Source Powered by WPeMatico
Fees spiked to a high of $8.36 million for Uniswap on June 15, beating out Ethereum on the same day at $7.99 million, and coincided with an 8.7% pump for UNI. Go to Source Powered by WPeMatico
Imagine buying Bitcoin and Ethereum in 2017 when the prices were around $1000 and $10, respectively. That’d mean over 68x and 400x Profits when the prices topped $68,000 and $4,000 levels last year, 2021. How to Invest in Cryptocurrency? Cryptocurrency is undoubtedly the fastest growing asset class in the past decade, and many have already … Read more
NFTs and DeFi have taken the world by storm in recent years, but both industries have downsides. Bringing them together could be a force for good. Go to Source Powered by WPeMatico
The cryptocurrency industry is a developing ecosystem gradually gaining ground in the established financial institutions of developed countries. Both public and commercial sectors are becoming increasingly open to incorporating cryptocurrencies into their financial transactions, such as payment processing, value storage, and investment. Many believe that decentralized finance, or DeFi, could eventually replace some traditional financial … Read more
AVAX is testing support at $14.80 and the network’s DApp use is underperforming its competitors, suggesting that the easiest path forward is down. Go to Source Powered by WPeMatico
Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the … Read more