Tag: Markets

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…

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…

Over the Last Year, Bitcoin’s Market Cap Slid From the World’s 8th Most Valuable Asset to the 26th Position – Markets and Prices Bitcoin News

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In Nov. 2021, bitcoin’s market valuation managed to make it into the top ten list of assets ranked by market capitalization, as it was the eighth largest market cap last year on Nov. 9. Since then, bitcoin is 75% lower in value against the U.S. dollar and the leading crypto asset’s market capitalization has dropped down to the 26th largest position among the most valuable assets and companies worldwide. Bitcoin’s Market Cap Is Just Below Chevron’s and Just Above the Home Depot’s Market Valuations Just over a year ago in…

What is stagflation, and how could it impact the cryptocurrency markets?

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Cryptocurrencies have not been around for very long. Hence, there is not much data yet on whether cryptocurrency is a good investment during stagflation and if stagflation is generally good or bad for the markets. To grasp if cryptocurrency investments work well during stagflation, one can examine how traditional markets behave during inflation or stagflation and why. Stagflation is naturally bad for traditional markets, and as cryptocurrency markets have a high correlation with general indexes, meaning that negative sentiment can trickle into cryptocurrencies which are digital assets managed with cryptographic…

‘Wolf of Wall Street’ Jordan Belfort Expects Bitcoin and Ethereum to Be ‘Substantially Higher’ Despite FTX Collapse – Markets and Prices Bitcoin News

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Jordan Belfort, aka the Wolf of Wall Street, expects bitcoin and ethereum to be “a lot higher” than they are now. Noting that the collapsed crypto exchange FTX is a scam, he stressed that its implosion “doesn’t mean that you can disregard bitcoin completely and say it’s worthless or going to zero.” The Wolf of Wall Street Calls FTX a Scam Jordan Belfort, a former stockbroker whose memoir was adapted into a film called “The Wolf of Wall Street,” shared some recommendations about bitcoin and ethereum in a video posted…

2022 – Crypto Markets: A Year in Review

By the end of the summer, crypto markets were showing signs of stabilizing. The leverage in the ecosystem had apparently been purged from the markets and investor confidence began to return to crypto. The CoinDesk Market Index (CMI) rose to a summer high level of $1,092 on September 12th. Confidence was returning to the markets, driven by FTX, a large exchange and custodian, who rescued large CeFi lender, BlockFi, from bankruptcy. The seemingly strong FTX, led by founder Sam Bankman-Fried, continued to invest in crypto companies, bailed out many distressed…

ETH Price to Fall to $922 by December 10, Coincodex Predicts – Markets and Prices Bitcoin News

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The U.S. dollar price of ether, which presently hovers around $1,200, is expected to fall to $922.66 by Dec. 10, a Coincodex prediction chart has shown. Ethereum is nonetheless projected to close the following day trading above $1,000. According to the Coincodex analysis, there are presently 15 technical indicators out of a total of 28 that project a bearish outlook for the asset. ETH’s Negative Trend According to an analysis by the digital asset exchange platform Coincodex, the U.S. dollar value of ETH is expected to drop to $922.66 by…

Mad Money’s Jim Cramer Advises Investors to Get out of Crypto — Says ‘It’s Never Too Late to Sell’ – Markets and Prices Bitcoin News

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The host of Mad Money, Jim Cramer, has advised investors to sell their crypto, emphasizing that “it’s never too late to sell an awful position.” Regarding FTX, Cramer predicted that the collapsed trading platform “won’t be the last of these crypto exchanges to go down.” Jim Cramer’s Latest Crypto Advice The host of CNBC’s Mad Money show, Jim Cramer, has advised investors to sell their cryptocurrencies following the collapse of crypto exchange FTX. Cramer is a former hedge fund manager who co-founded Thestreet.com, a financial news and literacy website. He…