Hacker Steals Over $11M From Verus-Ethereum Bridge
Despite the scale of the breach, Verus' native token showed little immediate reaction following news of the exploit.
Cointelegraph·
Two security companies have flagged the address where the stolen funds are allegedly being held, showing the cryptocurrencies have been converted into 5,402 Ether.
Read full articleDespite the scale of the breach, Verus' native token showed little immediate reaction following news of the exploit.
The Verus Protocol Ethereum bridge has suffered an exploit that has allowed an attacker to siphon off more than $11.5 million in crypto assets through what security researchers described as a forged cross-chain transfer message. According to onchain security platform…
Fundstrat's Tom Lee pointed out an inverse correlation between crude and Ether as oil surged back to around $110 on Monday.
Ethereum price started a fresh decline and traded below $2,050. ETH is now consolidating below $2,150 and might struggle to recover. Ethereum started a downside extension below the $2,150 zone. The price is trading below $2,150 and the 100-hourly Simple Moving Average. There is a connecting trend line forming with support at $2,050 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it stays below the $2,150 zone. Ethereum Price Extends Losses Ethereum price failed to remain stable above $2,220 and started a downside correction, like Bitcoin. ETH price dipped below the $2,200 and $2,150 levels. The price even traded below $2,050. A low was formed at $1,914 on Kraken, and the price is now consolidating losses. There was a recovery wave above the 50% Fib retracement level of the downward move from the $2,197 swing high to the $1,914 low. Ethereum price is now trading below $2,150 and the 100-hourly Simple Moving Average. Besides, there is a conn
This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Week in Review Bitcoin finished the week stubbornly battling with $80,000, while ethereum […]
DeFi was built to tear down the walls of traditional finance and give people real control over their money. But lately, a lot of big crypto exchanges have started tightening the reins. Now, if you want to trade, you usually have to go through a bunch of KYC checks, uploading your passport, government ID, maybe […] The post How No KYC Crypto Exchanges like Bitania are Changing DeFi appeared first on Live Bitcoin News.
Despite producing several iterations of potent innovation, Web3’s ever-advancing DeFi sector has repeatedly received the same criticism for years: mainstream adoption always seems just out of reach. And it’s true: while DeFi has demonstrated a significant value proposition in protecting self-custody with trustless operations, it has not achieved meaningful adoption at the user level. As […] The post How Bold DeFi Trailblazer KalqiX is Ending The Tradeoff Era With Their Unprecedented DEX Model appeared first on Live Bitcoin News.
The US securities regulator approved 21Shares’ Hyperliquid ETF last week, adding to a growing number of cryptocurrencies converted into ETF wrappers in the US.