Nomad Bridge, a cross-chain communications protocol, had $190 million worth of assets stolen from it last week in what many referred to as “the first decentralized robbery.” As of today, more than $36 million has been sent back to the official fund recovery address given by Nomad Bridge. Transactions on Etherscan show that the recovery wallet currently has cryptocurrency holding valued at $36.4 million. The wallet, identified by Etherscan as the “official Nomad funds recovery address,” has received ETH 2,179.5 (equal to about $3.9 million), USDC 9.77 million, USDT 5 million, WBTC 196 ($4.7 million), DAI 3.7 million, as well…
Author: Rea K.
To celebrate the global day of friendship, the soda giant has recently made an NFT available to its community. Once again, the reference layer-2 for Ethereum’s NFTs, Polygon, is hosting this collection of NFTs, which draws a lot of well-known companies. Coca-Cola decided to carry with its research into Web3. In fact, the company recently celebrated the International Day of Friendship by delivering an NFT airdrop to its community on July 30. Fans of the company who have traveled with the renowned brand in the metaverse are eligible for this airdrop. This NFT can only be exposed once it has…
Travis Dickenson, better known as Travladd Crypto, is the person in charge of the Telegram and Twitter accounts that are used to share crypto news, reviews, and promotions with the community. What is Travladd? Travladd has promoted an NFT drive to help it get more promoters. It has a Telegram and Twitter account, which deliver news, information, and evaluations about numerous crypto projects, assisting the public audience in gaining helpful insights. Travis Dickenson, the CEO, has assembled a group of crypto enthusiasts to operate a serious crypto investment group to encourage new projects further. To interview the projects, the group…
Due to “risk management” concerns, several Portuguese banks have started canceling accounts associated with cryptocurrency exchanges. The country’s central bank appears to have granted the financial institutions its approval. Portugal has gained a reputation as a “crypto haven” in recent years due to the absence of capital gains taxes on revenues from the cryptocurrency industry. But during the past several months, it seems that both the government and the banking industry have been more eager to regulate cryptocurrency in accordance with other EU countries. At least four local cryptocurrency exchange accounts have been frozen. These banks include the powerhouses Banco…
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),…
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…