Tag: Million

Defi Platform Moola Exploited for $8.4 Million in Incident Described as ‘Incredibly Simple Attack’ – Security Bitcoin News

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Moola, a decentralized finance (defi) lending and borrowing platform, was recently exploited for $8.4 million in what has been described as an “incredibly simple attack.” Moola responded to the attack by pausing all activity on the platform. The defi platform also told the attacker(s) it was willing to negotiate a “bounty payment in exchange for returning the funds within the next 24 hours,” and Moola Market has since claimed that “93.1% of funds have been returned to the Moola governance multi-sig.” Funds Siphoned From Moola The decentralized finance (defi) lending…

BTC Whale Transfers $940 Million Out of Coinbase — 3 Batches of ‘Sleeping Bitcoins’ From 2011 Move – Bitcoin News

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On Tuesday, October 18, researchers from the crypto analysis platform Cryptoquant identified an outflow of 48,000 bitcoin coming from the trading platform Coinbase Pro. According to the researcher’s summary of the situation, a large portion of the funds were old coins. Whale Transfers 48,000 Bitcoin Amid Coiled Market While bitcoin (BTC) has been trading under the $20K region and trading sideways, observers have witnessed a number of old coins move onchain. The onchain movement comes at a time when market volatility is expected. For instance, the latest Glassnode Insights report…

Blockchain Security Company Hexens Raises $4․2 Million in Seed Funding Led by IOSG Ventures – Press release Bitcoin News

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press release PRESS RELEASE. Hexens, a cybersecurity boutique and blockchain startup, announced the closure of a $4.2 million seed round led by IOSG Ventures, the leading Web3 Venture Capital. Other investors include Delta Blockchain Fund, ChapterOne VC, Hash Capital, ImToken Ventures, Tenzor Capital, and angels from Polygon and other blockchain projects. Hexens disrupting products impact the ecosystem Since Hexens was founded in 2021, it has had an impressive track record and recognition in the industry: Mudit Gupta – CISO of the most significant EVM Ecosystem – Polygon Technology, joined the…

Algorand Social Activity Reaches 13 Million

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Algorand recently received a big boost for its blockchain ecosystem courtesy of Hivemind Capital’s $25 million investment to the decentralized finance (DeFi) Layer 1 chain. Algorand DeFi ecosystem recently attained new all-time high in total locked value ALGO registered a 3.23% price surge before experiencing minor price correction once again The altcoin is predicted to be extremely volatile over the next few days The crypto-focused investment firm announced three days ago that it has deployed 80 million ALGO tokens across various governance and DeFi programs under the umbrella of the…

Binance to Offer $500 Million Worth of Loans to Crypto Mining Industry – Mining Bitcoin News

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Cryptocurrency exchange Binance has set out to support crypto miners through a lending program established by its mining pool. Presenting the initiative this week, the coin trading platform also unveiled that Binance Pool intends to launch cloud mining products. Leading Exchange Binance Looking to Help Bitcoin Miners in Difficult Times for Crypto Business Binance, the world’s leading crypto exchange by daily trading volume, has announced a plan to extend financial support to companies involved in the extraction of cryptocurrencies. The lending project was recently unveiled by the platform’s mining pool.…

The Girles Token Presale Raised Over $1 Million

Girles Token is a decentralized NFT GameFi token created on the Ethereum platform that also has a Proof-of-Staking protocol. The Girles Token is the main product in the Girles Metaverse, which has applications in over 15 different products. Girles Token was tested before being released on the main Ethereum network, and also after it was audited by Cyberscope. Girles Token takes security seriously and has added all modern security features such as Non-Mintable, Anti-Whale, Blacklist Function, Fees Limit, Without Transfer of Ownership Function, Auto-Liquidity, Auto-Burning, Non-Stoppable. NFT Metaverse NFT is…

Ark Investments’ Yassine Elmandjra Is Bullish On Bitcoin, Says Bitcoin Will Hit 1 Million Per Coin By 2030.

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Ark Investment Management analyst Yassine Elmamdjra believes that Bitcoin will reach $1 million per coin by the year 2030. Earlier, Cathie Wood, CEO of Ark Investments, had also reiterated a similar statement, adding that BTC will hit $1 million by 2030. Ark Investments management analyst Yassine Elmandjra is incredibly bullish on Bitcoin. In an interview with Bloomberg, Elmandjra predicted that Bitcoin is set to hit 1 million per coin by the year 2030. Despite Steep Market Fluctuations, Ark’s Management Analyst Yassine Elmandjra Is Bullish On Bitcoin In an interview with…

Uniswap’s $165 Million Series B Capital Raise One of the Largest by a Crypto Firm in 2022 – Defi Bitcoin News

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Uniswap Labs, the firm behind the Uniswap decentralized exchange protocol, announced on Thursday that it raised $165 million in a Series B funding round. According to one report, the capital raise, which sees Uniswap Labs’ valuation rise to $1.66 billion, is the largest by any crypto firm in 2022. Uniswap Completes $165M Capital Raise, Decentralized Exchange Reveals NFT Launch Uniswap Labs, the creator of the decentralized exchange (dex) Uniswap protocol, recently said it had raised $165 million via a Series B funding round. The funding round was led by Polychain…

Solana-Based Defi Protocol Mango Markets Loses $117 Million in Hack, Exploit Allegedly Revealed in Project’s Discord in March – Bitcoin News

According to various reports, the Solana-based trading and lending platform Mango Markets was hacked as a malicious actor was able to siphon $117 million from the protocol. An analysis of the hack published by Certik explains that the attacker manipulated the price of the project’s native token mango (MNGO) which allowed them to borrow $117 million against the exploited collateral. Mango Markets Hacked for $117 Million, Blockchain Security Firm Summarizes the Attack Vector On Tuesday, the Solana-based Mango Markets platform was hacked for $117 million. The team tweeted about the…