Tag: Ether

Bitcoin Holds Steady Above $28K, Ether Rises in Post Rate Hike Rally

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Bitcoin and Ether Hold Up with Recent Gains while Awaiting Fed Rate Hike Decision

The technical chart for Bitcoin shows a bullish signal hinting that the BTC price can extend further rally all the way to $35,000. Bitcoin and the broader cryptocurrency market are currently holding up with their gains over the last weekend and earlier this week. As of press time, Bitcoin (BTC) is trading 2.0% up at a price of $28,141 and a market cap of $543 billion, on the other hand, Ether (ETH) too is up by 3.48% and is currently flirting around the $1,800 level. Investors are keeping a close…

Euler Finance hacker starts returning stolen Ether

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The recent attack that drained $197 million from Euler Finance was dubbed the biggest decentralized finance (DeFi) hack of 2023 so far. However, this may not hold for much longer as the hacker reportedly had a change of heart. On March 18, roughly 3,000 Ether (ETH) ($5.4 million) were returned to Euler Finance’s deployer address from the Euler Finance hacker’s address. Blockchain investigator PeckShield identified three transactions that were used to send the funds. https://t.co/4OBksAu9od pic.twitter.com/Zb3MIyex2f — PeckShield Inc. (@peckshield) March 18, 2023 Cointelegraph confirmed that the hacker transferred 1,000…

Wallet Tied to Euler Exploit Sends 100 Ether to Lazarus Group

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Is Ether a Security?

The NYAG sued KuCoin last week under state law, alleging that ether, post-Merge, is a security under the Ethereum blockchain’s proof-of-stake consensus mechanism. The NYAG also alleged that terraUSD (UST) and luna (LUNA) are securities, as well as KuCoin’s Earn platform. I’m not going to get into the last two – regulators have alleged for a while now that “earn” products are securities, and have settlements with various lenders to support that contention, and there are other cases looking at the terraUSD/luna ecosystem. Source