Month: April 2023

Hundred Finance loses $7 million in Optimism hack

boss

Multichain lending protocol Hundred Finance has experienced a significant security breach on the Ethereum layer-2 blockchain Optimism. According to the protocol on Twitter, the losses sit at $7.4 million. Hundred Finance announced the exploit on April 15, saying it had contacted the hacker and was working with various security teams on the incident. Although the protocol didn’t reveal how the attack was executed, blockchain security firm Certik noted that it was a flash loan attack: #CertiKSkynetAlert @HundredFinance’s attacker manipulated the exchange rate between ERC-20 tokens and htokens which allowed them…

Algorand, digitoads, and vechain can rally ahead of upcoming utilities

Cryptocurrency investments work similarly to traditional investments. Therefore, like with any other investment asset, the best time to buy a token of a new project is when the price is still low.  It ensures that early investors can make more profit when the demand picks up, driving prices higher. The lower you can buy as an investor, the higher your probability of getting high returns on your investment. For this reason, investors are often on the search to buy promising crypto projects. The best way to profit is to buy…

With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021 – Altcoins Bitcoin News

boss

Statistics recorded on April 15, 2023, show that the number of coins in circulation for the stablecoin BUSD dropped below the 7 billion range to 6.68 billion, marking the lowest number of BUSD in circulation since April 2021. Furthermore, data indicates that the supply of BUSD has shrunk by 19.8% over the past 30 days. BUSD Stablecoin Supply Hits Lowest Point in Two Years BUSD, which was once among the largest stablecoins, remains the third-largest USD-pegged token. However, on February 13, 2023, Paxos announced that the New York State Department…

5 tips for landing a tech job

boss

In today’s tech industry, there is a high demand for professionals with expertise in fields such as artificial intelligence, data science, cybersecurity, and cloud computing. Companies are seeking individuals with a combination of technical and soft skills, including strong communication, problem-solving, and collaboration abilities. Here are five tips to land a tech job. Build a strong online presence In the tech industry, having a strong online presence is crucial. This includes having a well-crafted LinkedIn profile, a personal website or blog, and active engagement on relevant online communities and forums.…

Shapella Upgrade Hits, Economist Predicts Biggest Crash ‘in Your Lifetime,’ US Bank Lending Plummets — Week in Review – The Weekly Bitcoin News

boss

In crypto news this week, the Ethereum network’s long awaited Shapella upgrade took effect, unlocking staked ether. In the broader financial world, economist Harry Dent has predicted a massive crash to hit by mid-June, bank lending plummeted by a record $105 billion in two weeks, and the USD’s ability to maintain its value even in the short-term has once again been called into question. All this and more just below, in the Bitcoin.com News Week in Review. Ethereum’s Shapella Upgrade Unlocks Staked Ether, Over 860K ETH Poised for Withdrawal, Price…

Huobi withdraws over 50,000 ETH after Shanghai Upgrade

Crypto exchange Huobi is now one of the bigger withdrawers from the ethereum (ETH) staking contract, having pulled out over 50,000 ETH. The exchange, however, started redepositing it from another wallet. So far it has returned 16,000 ETH into the contract following the recent Shanghai upgrade that requires a fresh set of validators. huobi are one of the bigger withdrawers from the eth staking contract so far (~50ke+) but they’ve just started redepositing it from another wallet 16k went back into the contract just now pic.twitter.com/4OHsuuR6MI — alto | dollar.eth…

Do Kwon’s Terraform Sent $7 Million to Law Firm Before Collapse, Report Unveils – Bitcoin News

boss

Prosecutors investigating failed blockchain firm Terraform Labs have found out that its Singapore office sent millions of U.S. dollars to lawyers just before the crash of its cryptocurrencies. According to Korean media, the transfers suggest that co-founder Do Kwon was aware of the imminent collapse. Terraform Labs Transferred Large Amounts of Money to South Korean Law Firm Prior to Crash South Korean prosecutors working on the fraud case against Terraform Labs co-founder and CEO Do Kwon have revealed that the company has paid a total of 9 billion won (nearly…

US OFAC sanctions 5 individuals in China and Guatemala, bitcoin address blacklisted

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On April 14, the United States Office of Foreign Assets Control (OFAC), under the Treasury Department, sanctioned five individuals and two companies based in China for supplying cartels in Mexico with precursor ingredients used to manufacture opioids. OFAC sanctions Of the five people sanctioned, a 32-year-old WANG, Hongfei, a Chinese national based in Hebei, had his bitcoin (BTC) address blacklisted by United States authorities. Hongfei’s details were displayed, including his association with Wuhan Shuokang Biological Technology. Yao Huatao,…

US draft bill on stablecoins places issuers like Tether under the Federal Reserve oversight

A new draft bill that provides a stablecoin framework in the United States will see private issuers such as Circle, the issuer of USDC, and Tether Holding, the firm behind USDT, placed under the Federal Reserve (Fed) oversight. The Fed is the country’s central bank guiding the monetary policy in the world’s top economy. The draft bill on a stablecoin framework in the U.S. The bill, published from the House of Representatives’ document repository, will also be discussed next week on April 19.  Stablecoins are crypto tokens designed to track the price…