Zabu Finance, a decentralized yield farming protocol on Avalanche, suffered the first big hack related to the chain. The protocol was the victim of an exploit that allowed an attacker to steal $3.2 million in tokens, according to reports. The core of the exploit happened due to a vulnerability in the design of the Spore token, which allowed the minting of 4.5 billion zabu that were successfully withdrawn from the platform, taking the value of the currency to 0.
Major Ethereum rival — Solana (SOL), has shed 15% of its value over the past 24 hours following a denial-of-service disruption. The entire world watched and participated as the blockchain fell from grace.
Cryptocurrencies are a deadly combination of finance and technology. The foremost implementation of the concept of cryptocurrency, bitcoin, was introduced in 2009. Bitcoin was introduced as an electronic cash system subjected to decentralized features, but bitcoin was only considered as an investment asset for a very long period.
Crypto-hackers are known to spot the slightest of vulnerabilities in networks to take advantage of, often with varying results. The last 24 hours saw Ethereum emerge as a target for one or some of them.
Leading U.S.-based cryptocurrency exchange Coinbase has seen enormous demand for its junk bond offering, with the firm increasing the size of the sale by one-third from $1.5 billion to $2 billion.
Despite the crypto market staying under selling pressure last week, Polkadot (DOT) has managed to continue with the price surge. As of press time, Polkadot is trading 3% higher at a price of $36.62 and a market cap of $36.3 billion.
A new study suggests that Bitcoin has already used more power so far this year than it did in all of 2020.
The world of cryptocurrency trading is full of uncertainties, and therefore, it is not easy to make a profit out of it. There are thousands of people across the globe who are nowadays making millions of dollars out of cryptocurrencies. Still, if you are willing to become one of them, you have to make certain important decisions. This decision is very necessary to be made in the initial stages of your cryptocurrency trading journey. We need to make sure that you choose the perfect tools for trading in cryptocurrencies, and this is crucial. You have to think about it. Let us tell you that one of the most important things that you are supposed to check before picking up is a cryptocurrency trading wallet.
In the Bitcoin market, the biggest question on any investor’s mind is this – “When should I invest?” And, that’s a fair question, especially since profitability is the only driving factor for an investor.
Global cryptocurrency adoption is on the rise. Emerging economies across Asia have seen a significant jump in the overall users of digital currencies over the last few months. But, the content of Africa is becoming an exciting and dynamic crypto market due to more than 1,200% growth in the last 12 months. Cryptocurrency regulations continue to remain in a grey area in most parts of the world.