Tag: Token

Network and token freeze after Acala exploit raises questions

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The Acala Networkโ€™s aUSD stablecoin depegged by over 99% over the weekend and forced the Acala team to pause a hackerโ€™s wallet, raising concerns about its claim of being decentralized. On Aug. 14, a hacker took advantage of a bug on the iBTC/aUSD liquidity pool which resulted in 1.2 billion aUSD being minted without collateral. This event crashed the USD-pegged stablecoin to a cent, and in response, the Acala team froze the erroneously minted tokens by placing the network in maintenance mode. The move also halted other features such as…

Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days โ€“ Markets and Prices Bitcoin News

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In 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another chain is expected to fork away from the Ethereum branch and since August 8, the proposed fork called ETHW has gained market value in a few IOU markets. Despite the value gathered, the potential token lost more than half of its USD value in less…

Tornado Cash Governance Token TORN Shudders More Than 57% Since the US Government Ban โ€“ Bitcoin News

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Amid the crackdown against Tornado Cash, associated addresses, contributing developers, and anyone who uses the mixing platform, the projectโ€™s governance token called TORN has shuddered in value. TORN is an ERC20 with a fixed supply that is leveraged for governance proposals and voting. During the last seven days, the Tornado Cash governance token has lost 57.6% in value against the U.S. dollar. Tornado Cash Token Loses More Than Half of Its Value This Week It seems that everything Tornado Cash touched is tainted and during the last week, the projectโ€™s…

1inch plugs into KuCoin Wallet to improve token swaps

Cryptocurrency exchange KuCoin will introduce native token swap functionality to its in-house wallet after integrating decentralized finance (DeFi) market maker 1inchโ€™s application programming interface. 1inchโ€™s Pathfinder algorithm will increase the functionality of KuCoin Wallet, the exchangeโ€™s recently launched decentralized wallet platform, which features cross-chain trading, and DeFi and nonfungible token (NFT) support. The algorithm will aggregate liquidity from over 250 sources from automated market makers and proactive market makers across the DeFi ecosystem. 1inch plugs into liquidity sources running on nine different blockchain networks, providing a wide range of tradable…

COIN BUREAU PODCAST: Cryptocurrency Categories (Part 2)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ๐Ÿ›’Get The Hottest Crypto Deals ๐Ÿ‘‰ ๐Ÿ“ฒ Insider Info in Guy’s Socials ๐Ÿ‘‰ ๐Ÿ‘• Guy’s Merch Store ๐Ÿ‘‰ ๐Ÿ”ฅ TOP Crypto TIPS In Guy’s Newsletter ๐Ÿ‘‰ ~~ Episode 19 of the Coin Bureau Podcast! Note that you can listen to the full episode using the links below: ~~ ๐Ÿ“œ Disclaimer ๐Ÿ“œ The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of…