Day: December 12, 2022

Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital – Altcoins Bitcoin News

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The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the time of writing. Justin Sun Tells Crypto ‘Lads’ to Hold ‘Steady’ as USDD Team Deploys More Capital Tron’s stablecoin USDD is the eighth largest dollar-pegged token and it’s ranked 57 in terms of the largest…

Crypto Sanctions & Their Impact on the Cryptocurrency Ecosystem – Crypto 2023

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While Tornado Cash had a website with user-friendly interface, on which, technically, it was possible to implement know your customer/anti-money-laundering (KYC/AML) features (even considering the absurdity of such an idea for a crypto mixer), its smart contracts code is open source. Users can deploy it without going to a specific website as well as copy it and clone the service, using other, not-yet-sanctioned wallets. Source

Hackers copied Mango Markets attacker’s methods to exploit Lodestar — CertiK

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Blockchain security company CertiK has shared a post-mortem analysis of the $5.8 million Lodestar Finance exploit that occurred on Dec. 10: 5. The hacker burned a little over 3 million in GLP, their profit on this exploit was the stolen funds on Lodestar – minus the GLP they burned. 6. 2.8 Million of the GLP is recoverable, which is worth about $2.4 million. We are going to reach out to the hacker and… — Lodestar Finance (,) (@LodestarFinance) December 10, 2022 In a similar instance, CertiK said that Lodestar Finance…

Hackers copied Mango Markets attacker’s methods to exploit Lodestar: CertiK

According to a post-mortem analysis provided by CertiK of the $5.8 million Lodestar Finance exploit that occurred on Dec. 10,  5. The hacker burned a little over 3 million in GLP, their profit on this exploit was the stolen funds on Lodestar – minus the GLP they burned. 6. 2.8 Million of the GLP is recoverable, which is worth about $2.4 million. We are going to reach out to the hacker and… — Lodestar Finance (,) (@LodestarFinance) December 10, 2022 In a similar instance, CertiK said that Lodestar Finance hackers…

BTC price shakes off Binance ‘FUD’ as analysts eye Q1 2023 Bitcoin bottom

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Bitcoin (BTC) stayed steady near $17,000 at the Dec. 12 Wall Street open as news involving Binance failed to spark BTC price downside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Factors line up to “scare” Bitcoin trade Data from Cointelegraph Markets Pro and TradingView showed BTC/USD avoiding fresh volatility as United States markets opened. Having traded sideways throughout the weekend, the pair offered few cues to analysts, who were waiting for U.S. macroeconomic data to shake up the status quo. This, in the form of the November Consumer Price Index…

Crypto Payments Startup MoonPay Secures UK Registration with FCA

MoonPay has secured FCA UK registration and will now comply with all financial regulations laid down by the regulator. Digital currency payment platform MoonPay recently secured registration with the Financial Conduct Authority (FCA) in the UK. As of Friday, the UK regulator had registered the firm, which signifies compliance with local money laundering rules for MoonPay. More on Recent MoonPay UK Registration The MoonPay registration with the UK regulator sees the crypto payments infrastructure company join several other similarly business-minded companies. These include digital currency exchange Bitpanda, financial infrastructure provider Tullet Prebon,…

Arthur Hayes Says Bitcoin (BTC) Bottomed, Gives Reason for His Submission

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Former BitMEX CEO says the “irresponsible entities” within the crypto industry have all been completely wiped out. Former BitMEX CEO Arthur Hayes believes that Bitcoin (BTC) may have just survived the current bear cycle. According to him, the “irresponsible entities” that needed to be flushed out have all been flushed out. Therefore, he believes that things can only get better for BTC from this point onwards. Hayes, who spoke at a recent interview with popular podcaster Scott Melker, also opined that the so-called irresponsible entities have all run out of…

DOGE Price Slumps as Industry Valuation Slips to $844B

Considering its sensitivity, DOGE is likely to bounce in either direction in tandem with the broader market after the hearing. Dogecoin (DOGE), the memecoin is leading the losses among the top 10 digital currencies by market cap today, having shed as much as 7.97% of its price over the past 24 hours to be changing hands at $0.08912. At the current price, DOGE now has a market capitalization of $11.82 billion, but it still retains its sit as the 8 largest digital asset, according to data from CoinMarketCap. The slump…