The month was particularly bad for exploits, with the amount lost accounting for half of the total crypto exploited so far in 2023.
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Bitcoin’s Price Drop Causes Over $200 Million in Long Liquidations Across Crypto Derivative Exchanges
On Feb. 24, 2023, bitcoin’s price remained above the $23,000 threshold and then rose to a peak of $23,829 per unit on March 1. On March 2 at 8 p.m. Eastern Time, the price of bitcoin fell, dropping below the $23,000 mark. This decline resulted in a significant $237.97 million worth of long liquidations on […]Powered by WPeMatico
Data Shows BSC Dapps Lost $167 Million Last Month From Flash Loan Attacks
Binance Smart Chain (BSC) decentralized applications (dapps) have been hit with a number of flash loan attacks in recent weeks. According to collected data by Rekt, during the last 30 days BSC has lost a total of $167 million from these flash loan exploits. Flash Loan Hackers Prey on Binance Smart Chain Dapps – $167 […]Powered by WPeMatico
While Bitcoin Tapped New Price Highs, 78,000 Short Positions Worth Over $800 Million Got Liquidated
While bitcoin has crossed a new all-time price high in 2021, traders are leery toward shorting the crypto asset. Data from Bitfinex shows the number of short contracts has been extremely low in comparison to the total number of shorts in mid-March 2020. On Saturday, January 2, 2021, when the price of bitcoin surpassed $33k, […]
The post While Bitcoin Tapped New Price Highs, 78,000 Short Positions Worth Over $800 Million Got Liquidated appeared first on Bitcoin News.
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Cryptocurrency GIFs: Animations That Capture the Mood of the Markets
The cryptocurrency ecosystem is filled with unique individuals with a penchant for sharing dank memes. Besides an arsenal of killer graphics that depict the current mood of the markets, they’re also equipped with a wide variety of animated GIFs to virally share across social media and messaging platforms like Telegram. Also read: Cryptocurrency Memes: The Only […]
The post Cryptocurrency GIFs: Animations That Capture the Mood of the Markets appeared first on Bitcoin News.
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Living With Life After Crypto
Could you live without cryptocurrency in your life? For its proponents, bitcoin is a drug that’s had them hooked since the day they discovered it. Not all holders feel the same way though. Stung by massive losses and the realisation that cryptocurrency is taking over their life, some traders forced themselves to walk away for […]
The post Living With Life After Crypto appeared first on Bitcoin News.
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Synthetic Bitcoin Is 100x More Lethal Than the Real Thing
Derivatives trading isn’t new, but it’s been enjoying a renaissance of late. As the cryptocurrency market has traded sideways, traders have upped the leverage and rushed to swap BTC derivatives that promise greater risk and reward. While platforms like Bitmex and Deribit have profited from the boom in synthetic assets, many traders have been left […]
The post Synthetic Bitcoin Is 100x More Lethal Than the Real Thing appeared first on Bitcoin News.
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Fomo Then Failure: A Post-Mortem of 2018’s Worst ICOs
It has been a testing year for ICOs. Market conditions have made launching a tokensale more challenging than a year ago, when even the most ludicrous project was virtually guaranteed a $10 million raise. Several of 2018’s most successful ICOs, based on millions raised, have degenerated into its most disastrous, after plotting a journey from […]
The post Fomo Then Failure: A Post-Mortem of 2018’s Worst ICOs appeared first on Bitcoin News.
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Theories Abound After BTC Leaps While Bitmex is Down
It’s been an interesting 12 hours for BTC, with the cryptocurrency finally breaking through resistance levels. Most of the drama took place within the space of just a few minutes, when BTC gained $400 without blinking. It is no coincidence, however, that the event took place just as the popular cryptocurrency exchange Bitmex went offline. […]
The post Theories Abound After BTC Leaps While Bitmex is Down appeared first on Bitcoin News.
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Laughing at the Misfortune of Other Traders is Crypto’s Fastest Growing Sport
The world can be a mean place, and never is this more evident than on Crypto Twitter (CT) and Telegram. In addition to enduring the anguish of seeing their portfolio shed 95%, investors are having their downfall shared with the rest of the cryptoverse for others’ entertainment. The practice, while occasionally cruel, does have its […]
The post Laughing at the Misfortune of Other Traders is Crypto’s Fastest Growing Sport appeared first on Bitcoin News.
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