Day: October 10, 2022

Main hacker in Transit Swap exploit agrees to return remaining funds

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Under the agreement, more than $2 million would be returned to Transit Swap users. On Oct. 10, decentralized finance (DeFi) protocol Transit Swap announced that it had reached an agreement with its biggest hacker for the return of funds. Approximately one week prior, a hacker exploited an internal bug on a swap contract within the protocol and caused other individuals to imitate the security breach, leading to a loss of over $23 million in user funds.ย  However, the main hacker has since returned approximately 70% of exploited funds thanks to…

TRX Hits 4-Week High, MKR Remains Close to 2-Month Peak โ€“ Market Updates Bitcoin News

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Tron rose to a one-month high in todayโ€™s session, hitting a key resistance point in the process. The surge in price comes despite cryptocurrency markets trading mostly lower on Monday. Another exception to this decline was maker, which remained close to an eight-week high. Tron (TRX) Tron (TRX) surged to a four-week high to start the week, hitting a key resistance point in the process. Following a low of $0.06234 on Monday, TRX/USD climbed to a peak of $0.06492 earlier in the day. This saw prices near a collision with…

Cardano founder points out flaws in Ethereum and Bitcoin

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Charles Hoskinson, the founder of Cardano, shares his critical views on the two leading cryptocurrencies in an exclusive Cointelegraph interview. Cardano founder Charles Hoskinson has been pointing out the flaws affecting the Ethereum protocol following its latest upgrade. A major issue, according to Hoskinson, is the locking mechanism that prevents investors from withdrawing their staked Ether (ETH) from the Beacon Chain until the completion of the next upgrade.ย  โ€œEthereum is the Hotel California of cryptocurrencies. You can check in but you can’t check out,โ€ said Hoskinson in a recent Cointelegraph…

TOP 5 Cryptocurrencies To Watch This Week

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The crypto market saw prices move from key support across all boards, with the crypto marketcap finding some relief recently as it aims to reclaim its resistance of $1.2 trillion. This has led to market sentiments returning bullish, with many crypto assets rallying from the key support and producing double-digit gains. Let us focus on the top 5 cryptocurrencies you should pay attention to this week. Disclaimer: The picks listed in this article should not be taken as investment advice. Always do your research and never invest more than what…

OECD Approves Crypto Tax Reporting Framework

The framework, which was approved in August, ensures “the collection and automatic exchange of information on transactions for relevant crypto,” the report said. The definition of crypto assets “includes assets that can be held and transferred in a decentralised manner, without the intervention of traditional financial intermediaries, including stablecoins, derivatives issued in the form of a crypto-asset and certain non-fungible tokens,” the report said. Source

Top 3 Best Blockchain & NFT Based GamesโšกPlay & Earn๐Ÿค‘

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Ethereum Was Just Attacked! Crypto HOLDERS Keep This In Mind!

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Bitcoin Mining Difficulty Surges to an All-Time High, Network Prints 2022’s Largest Retarget Increase โ€“ Mining Bitcoin News

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Bitcoinโ€™s mining difficulty reached an all-time high on October 10, which means itโ€™s more difficult than ever before to mine the leading crypto asset. Following the difficulty reduction on September 27, the networkโ€™s mining difficulty increased 13.55% higher at block height 758,016 as it printed the highest difficulty rise recorded this year. Itโ€™s Now 13.55% More Difficult to Discover a Bitcoin Block Reward, as Networkโ€™s Mining Difficulty Reaches an All-Time High at 35.61 Trillion Five days ago, Bitcoinโ€™s hashrate reached an all-time high (ATH) when it tapped 321.15 exahash per…