The recent exploit on the decentralized finance (DeFi) platform LI.FI protocol has once again raised concerns about the security measures within the platform. The exploit, amounting to over $8 million, has shed light on the vulnerabilities that exist and the need for better safeguards to protect user funds. Detection of Suspicious Transactions Cyvers Alerts was
Crypto
Bitcoin’s price surged to over $65,000 recently, marking a significant milestone for the cryptocurrency. However, this upward trend was short-lived as news emerged regarding Mt. Gox moving billions in BTC. This caused the price to plummet by over two thousand dollars in a matter of minutes, showcasing the extreme volatility that can affect the market.
Bitcoin surged past the $63,000 mark this week, coinciding with Whale Alert’s detection of a dormant address containing 1,000 BTC worth approximately $60 million being activated on July 15th. This particular wallet had been inactive for over a decade, originally receiving the coins back in September 2012 when the value was a mere $11,908. The
In recent days, the cryptocurrency market has seen a surge of $200 billion, bringing a wave of green across various digital assets. Bitcoin (BTC) and Ethereum (ETH) have experienced significant upticks, with BTC reaching above $63,000 and ETH surpassing the $3,300 mark. Alongside these mainstream cryptocurrencies, meme coins such as Dogecoin (DOGE) and Shiba Inu
The Layer 2 network, Scroll, has been making waves in the decentralized finance (DeFi) space with a remarkable 23% increase in Total Value Locked (TVL) over the past seven days. According to L2Beat data, Scroll has reached a TVL of $1.03 billion, solidifying its position as the 8th Ethereum Layer 2 network to surpass the
In the past week, digital asset investment products experienced a surge in buying activity, with inflows totaling an impressive $1.44 billion. This contributed to a staggering year-to-date inflow of $17.8 billion, breaking the previous record set three years ago. Despite this influx of capital, trading volumes remained relatively low at $8.9 billion, underscoring the relatively
XRP recently experienced a significant price surge, outperforming major cryptocurrencies in the market. The digital asset saw a 27% increase in price over a period, indicating a promising trend for investors. This surge comes amidst a broader rally in the cryptocurrency sector, with the market capitalization reaching over $2.4 trillion. Optimistic Predictions for XRP Some
Bitcoin has surged back to the $63,000 level, reaching a two-week high in early trading on Monday, July 15. Analysts have pointed out that this increase may indicate a break in the recent downtrend. According to on-chain analytics platform CryptoQuant, the move has been primarily driven by “U.S. whales” as institutional Bitcoin purchases have started
Metaplanet, an investment firm based in Japan, recently made a significant purchase of Bitcoin worth 42.4 Bitcoin for approximately $2.4 million. This move was announced in a press release on July 8, where the firm mentioned its intention to add to its existing holdings of over 203 BTC. The decision to invest in Bitcoin is
The upcoming United States elections set for November could have far-reaching implications for the American crypto industry, as candidates hold divergent views on digital assets. Crypto exchange Coinbase predicts that crypto voters will play a pivotal role in the election’s crucial races, particularly the presidential competition. Crypto Ownership in Battleground States A recent survey conducted
