Month: June 2022

Inverse Finance exploited again for $1.2M in flashloan oracle attack

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No user funds have been affected by the exploit, but Inverse Finance has incurred a debt and offered the attacker a bounty to return the stolen funds. Just two months after losing $15.6 million in a price oracle manipulation exploit, Inverse Finance has again been hit with a flashloan exploit that saw the attackers make off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (WBTC). Inverse Finance is an Ethereum based decentralized finance (DeFi) protocol and a flashloan is a type of crypto loan that is usually borrowed and…

Rock Legend Gene Simmons Owns 14 Cryptocurrencies — ‘I Have Not Sold a Single Position Since the Downturn’ – Featured Bitcoin News

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Rock band Kiss’ lead singer Gene Simmons has revealed that he owns 14 cryptocurrencies and has not sold any since the crypto market downturn. Gene Simmons Says ‘I am a Hodler’ Gene Simmons has reaffirmed that he is a hodler and has not sold any of his 14 cryptocurrencies since the crypto market downturn. Simmons is an Israeli-born American musician, singer, songwriter, actor, and producer. He was the frontman, bassist, and co-lead singer of Kiss, the rock band he co-founded with lead singer and guitarist Paul Stanley. According to IMDB,…

126% return for stock market short-sellers who smelled blood in crypto waters

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Short-sellers have made a killing on various sectors of the U.S. stock market this year, but no other sector “held a candle” to the blockchain industry, with crypto company short-sellers profits up 126% in 2022, according new data. On Thursday, technology and data analytics firm S3 Partners published a video summarizing its recent report, which found that overall, U.S. equity short-sellers are up on average more than 30% for the year. Some of these profit gains were attributed to the short-selling of automobiles and components stocks (up 54%), software and…

Bitcoin Remains In Downtrend, Risk of Drop Below $20K

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Bitcoin failed to recover above $23,000 against the US Dollar. BTC started a fresh decline and remains at a risk of a move below the $20,000 support. Bitcoin failed to climb above $23,000 and started a fresh decline. The price is now trading below the $22,000 level and the 100 hourly simple moving average. There is a new connecting bearish trend line forming with resistance near $20,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at a risk of a move below the…

72 of the top 100 coins have fallen 90% or more: Here are the holdouts

According to price data from CoinGecko compiled by CoinGoLive, the current bear market has seen a whopping 72 out of top-100 tokens fall more than 90% from their all-time highs. The larger cap coins are faring better than most. Among the top ten cryptocurrencies by market cap, nine have dipped less than 90% during the current market downturn. Bitcoin (BTC), the largest crypto, is down 70.3% from its November high of $69,000. Second place is Ether (ETH) which is down 78% from its high of $4,878. Others in the top…

FED MINUTES | BITCOIN BOTTOM | TERRA LUNA 2.0

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Today let’s look at what is driving US Markets and Bitcoin. Also update on the new Terra 2.0 chain which is now supported by Binance. Terra Luna 2.0 Airdrop Calculator: 💹Buy Bitcoin, NFTs and Stocks with FTX – (Mobile) / (Desktop) 💰Earn 12.6% APY w/ Deposits and Trade Crypto w/ Vauld: 💸Buy Bitcoin & Crypto with IRA/401k Tax-Free ($100 Bonus) 💳Blockfi Bitcoin Reward (1.5% Back in BTC) Credit Card: 👛Try Blockfi’s Wallet and Earn $250 Bonus 🔥 File Crypto Taxes the Easy…

Likvidi Launches Platform with Blockchain Tech for Projects access Carbon Credit Markets

Sustainable finance company Likvidi on Thursday announced a strategic investment and partnership deal with Israeli startup Albo Climate. Through the partnership, the two firms have launched ‘Veriforest’, a new global digital registry forestry platform, to enable small and medium-sized projects to access the carbon offset markets. The carbon credit market has been inaccessible to such landowners due to high transaction, monitoring, and reporting costs that have discouraged their participation. The global digital registry forestry platform, therefore, removes barriers preventing small landowners and midsize forest administrators from accessing the carbon offset markets. The platform will make it…

Maker cuts off Aave’s DAI supply as fallout from Celsius continues

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MakerDAO has voted to cut off lending platform Aave’s ability to generate DAI for its lending pool without collateral as the risks of Celsius’s liquidity crisis loom large over the entire crypto ecosystem. The decentralized autonomous organization (DAO) made the decision as a means of mitigating the Maker protocol’s exposure to the beleaguered staking and lending platform in case Celsius goes belly up and implodes the stETH peg as well. stETH is a token representing an amount of ETH that is staked on the Lido staking platform. Its peg to…

Entrevista a una experta en Blockchain: "No asesoro en criptomonedas"

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io María Teresa Nieto es ingeniera en Informática y experta en Blockchain de Telefónica Tech. En una entrevista con La Vanguardia, cuenta cómo llegó a dedicarse a esta tecnología, explica de qué se trata y revela por qué “nunca es tarde” para dedicarse a la informática. ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version