Day: October 27, 2021

Bitcoin going green faster than ever

There’s no denying that over the past couple of years, the narrative that Bitcoin (BTC) consumes too much power has continued to garner an increasing amount of mainstream traction. However, what sometimes gets ignored is that in recent months, an increasing number of Bitcoin miners have moved toward the use of power sources driven primarily by renewable energy. To expound further on the subject, it should be noted that a number of studies, including one that was released recently by Cambridge University, revealed that more than 75% of all miners…

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The Many Facts That Indicate Bitcoin’s Creator Satoshi Nakamoto Won’t Ever Come Back – Featured Bitcoin News

On January 3, 2022, the Bitcoin network will be celebrating its 13th year of life after its creator Satoshi Nakamoto kick-started the protocol. The creator of Bitcoin has always been the community’s most famous and mysterious character. Roughly ten years ago, Satoshi logged off, never to return and it’s very likely the inventor won’t ever come back. Communication Breakdown Satoshi Nakamoto invented the Bitcoin network and released the technology’s white paper on Halloween (October 31) 2008. The paper was authored by “Satoshi Nakamoto” using the email “satoshin@gmx.com” and the creator…

Cream Finance appears to have suffered major loss in flash loan hack

Decentralized lending platform Cream Finance appears to have suffered a severe exploit on Wednesday, with an attacker stealing over $100 million worth of funds through a large flash loan attack.  Blockchain data analytics company PeckShield first identified the flash loan on Wednesday. The compromised funds were mainly Cream liquidity provider tokens, as well as other Ethereum-based tokens. #FlashLoanAlert https://t.co/XzAvHqoINN — PeckShield Inc. (@peckshield) October 27, 2021 During a flash loan attack, an attacker exploits vulnerable smart contracts in order to create their own arbitrage opportunity. Typically, this is done by…

CREAM Finance Exploited In Flash Loan Attack Worth Over $100M

Decentralized finance (DeFi) money market and lending service CREAM Finance appears to have been the target of a devastating exploit Wednesday that drained over $1 billion in funds, likely the largest exploit to date. According to CREAM’s native frontend, most Ethereum-based pools are now empty. The funds appear to have been taken using a flash loan in a notably complex transaction that involved 68 different assets and cost over 9 ETH in gas. At the time of writing the attacker’s contract holds $92 million in various…

CFTC Should Be Crypto’s ‘Primary Cop,’ Acting Chair Says

“Given the size, the scope and the scale of this emerging market, how its interfacing and affecting customers, retail customers, and then with the scale of the growth being so rapid, potential financial stability risks in the future, I think it’s critically important to have a primary cop on the beat and certainly the CFTC is prepared to do that if this committee so wishes,” Behnam said. Source

Osmosis Closes $21M Token Sale Led by Paradigm

The Osmosis Foundation has closed a $21 million token sale from its treasury to help expand the Osmosis automated market maker (AMM) protocol. Paradigm led the foundation’s first fundraising with participation from Robot Ventures, Nascent, Ethereal, Figment and Do Kwon, Terraform Labs’ CEO. Source

NEW BITCOIN BREAKOUT COMING SOON!! BITCOIN NEWS TODAY, BITCOIN PRICE PREDICTION & BITCOIN TRADING!!

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