More than 8,000 wallets have been impacted by the ongoing Solana (SOL) attack, which is thought to have stolen between $4.5 million and $8 million. Data gathered by cryptocurrency tracking service MistTrack indicates that four addresses connected to hackers have so far stolen digital assets totaling $580 million from over 8,000 wallets. However, according to MistTrack, $4.5 million worth of SOL, USDC, USDT, BTC, and ETH have been taken, disregarding the value of EXIST and “and other shitcoins.” https://twitter.com/MistTrack_io/status/1554674886702166016?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1554674886702166016%7Ctwgr%5E13134344574b4dbcac4d8c4aae14f71da04e0520%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptonews.com%2Fnews%2Fsol-drops-as-thousands-of-wallets-attacked-on-solana.htm However, blockchain analyst PeckShield predicted a greater loss, saying: “With one illiquid shitcoin (only 30 holdings and maybe misvalued $570 million),…
Author: Rea K.
11 people have been charged by the Securities and Exchange Commission (SEC) for allegedly helping to establish the “fraudulent crypto pyramid scheme” platform Forsage. The SEC filed accusations in an Illinois federal court on Monday, saying that the platform’s creators and promoters used a “fraudulent crypto pyramid and Ponzi scheme” to raise more than $300 million from millions of retail investors worldwide. In a typical Ponzi structure that included the US and Russia, Forsage was created in a way that permitted investors to make money by recruiting new investors, according to the SEC lawsuit. The SEC defines a Ponzi scheme…
The transaction fees and timeframes related to trading on Ethereum have grown along with the number of decentralized finance (DeFi) projects. The average ETH transaction cost reached an all-time high of about $40 in February 2021. This is exactly what Loopring intends to solve by offering a digital economy that gives its users ultimate control over their assets while also empowering them. People no longer have to give up price and efficiency in order to benefit from Ethereum’s network security, thanks to Loopring. What is Loopring (LRC)? Users may now trade without a custodian or intermediary, thanks to the decentralized…
Blockchain networks are becoming complicated to enable optimized user interfaces and progressive use cases as cryptocurrencies and blockchain projects mature. As a component of a dual-token system that comprises VTHO and VET tokens to allow the VeChain Thor network, VeThor Token is one such project. The VeThor Token (VTHO) is the main form of payment on the network and is crucial to the overall functionality of the VeChain Thor blockchain. VeThor Token and VET are interconnected and crucial components of the VeChain Thor blockchain. Following the project’s renaming in 2018, VTHO, which stands for a smart contract layer on the…
The Shiba Inu token (SHIB) has recently seemed to be the topic of discussion among all cryptocurrency investors, and the financial media has been writing a lot about it. How much is this cryptocurrency likely to trade in the future, and what is known about it? In this article, we will cover all of it. Overview Cryptocurrency Shiba Inu Token SHIB Price $0.00001022 Market Cap $5,624,052,066 Circulating Supply 549 Trillion SHIB coins Trading Volume $332,081,370 All-time High $0.00008845 on October 28th, 2021 All-time Low $0.000000000082 on September 1st, 2020 Shiba Inu (SHIB) Price Prediction Year Potential Low Average Price Potential…
One of the blockchain assets with the quickest growth rate in the whole cryptocurrency market is Cardano (ADA). Since its launch in 2015, ADA has consistently been among the top 10 cryptocurrencies by market capitalization and has attracted considerable attention. Its technology is developing quickly and seeks to compete with Ethereum in the creation of a sizable blockchain ecosystem. Cardano sets itself apart from other competing blockchains by employing mathematical principles in its consensus method and a distinctive multilayer design. Many believe Cardano is the next generation of cryptocurrency solutions because it was developed by a team that also worked…
Many innovators are attempting to use the superiority of the emerging technology to provide new solutions to ongoing problems as many new initiatives come to life with the advancement of blockchain technology. Revuto was developed in response to the demand for a mobile subscription management solution that would allow users to subscribe to their favorite services with the freedom to cancel at any moment. Service providers try to make the cancellation process as dull as possible since they do not want you to cancel your membership plans. In essence, Revuto makes it simple to subscribe to and cancel your plans. …
[São Paulo, July 8] Paçoca is a sweet portfolio tracker in which users can track their DeFi assets, invest in smart vaults with compounding yields, and use the decentralized exchange aggregator to trade tokens at the best rates. Users may view all of their DeFi assets from various chains on a unified page with the help of Paçoca, a strong portfolio manager that is free to use and practical for all DeFi users. The platform serves as a one-stop DeFi hub that is a multichain portfolio manager, an automated yield farming system, and a DEX aggregator in an effort to…
Crypton (CRP) is a third-generation Peer-to-Peer network cryptocurrency that runs on the Utopia P2P platform. Its users benefit from having easy access and are assisted in avoiding all forms of censorship. Let’s dive in and learn more about Crypton coin and Utopia P2P. Crypton (CRP) Fundamental Analysis The cryptocurrency used by the Utopia P2P payment ecosystem is called Crypton (CRP) coin. With the decentralized CRP coin, transactions are immediate, irreversible, and untraceable. The Utopia Peer-to-Per network instantly and without delay confirms the transfer of a CRP currency from one party to another. Anonymity is the main benefit of the Utopia…
In many industries, superior innovation can quickly erase the first-mover advantage. Think back to the likes of Yahoo and AOL, which once dominated the early internet. Go back further, and you might remember names like Commodore and Spectrum were once synonymous with cutting-edge computer hardware. Those names have long been trumped in their respective industries, with Google emerging as the king of the internet in search, news, email, and many other areas. Similarly, no one owns a Commodore computer these days, preferring brands such as HP, Dell, Lenovo, and of course, Apple. But sometimes, that first-mover advantage is just too…