Author: hotcrypto
These protocols can be vulnerable to attacks as has been seen in 2022, particularly in cross-chain bridges. The data is in for 2022, from TradingPlatform.com and it shows highly skilled hacking groups, such as the Lazarus Group are responsible for some of the thefts, but, North Korea is responsible for the theft of almost 1 billion worth of crypto in 2022 alone. TradingPlatform.com’s analyst Edith Reads, reports in a statement “There has been a series of attacks on DeFi platforms. The attacks are well organized and coordinated. However, there are measures in place by different players in the crypto space…
Smart Contracts Tokens gain More Than 44%There’s $316 billion in collective value among the top smart contract crypto assetsLast week ETH increased by 12.52%With The Consolidation coming one week from now and Cardano’s Vasil hard fork starting before long, the market capitalization of the top smart contract tokens by valuation expanded 1.19% during the beyond 24 hours to $316 billion on September 11, 2022. Additionally, the market capitalization of the top savvy contract crypto resources today has expanded 44.35% against the U.S. dollar since the finish of June. Top Brilliant Agreements Tokens by Market Capitalization Acquire Than 44% in 80…
Institutional investor bets on Cardano-based investment products, offering them exposure to $ADA, have quadrupled from last week, at a time in which inflows to short Bitcoin products are rising significantly. According to CoinShares’ Digital Asset Fund Flows report, digital asset investment products saw outflows totaling $63 million over the last week, marking the fifth consecutive week of outflows for these products. The outflows, the firm added, remain relatively small in size, with $99 million leaving over the last five weeks. Trading volumes have nevertheless remained low as well, at 46% of the year’s average, with $1 billion being traded for the week.…
Bitcoin Cash BCH/USD is trading lower by 7.04% to $119.80 during Tuesday’s session after August CPI data showed worse-than-expected inflation. This has driven a risk-off sentiment and has also raised the potential for further Fed policy tightening to curb inflation.Cryptocurrencies have been seen by some investors as a speculative hedge against inflation and the Fed’s plans to curb inflation could weigh on the broader cryptocurrency sector.What Happened?According to data from the U.S. Bureau of Labor Statistics, the headline CPI rose 8.3% in August, down from 8.5% in July. The August CPI reading came in above average economist estimates of 8%.Core inflation, which excludes volatile food and energy…
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. You need to do your homework before investing in cryptocurrency. There’s more to it than simply choosing which cryptos you want to own. First of all, you need to decide how you want to buy and sell cryptocurrency. To get started, learn about crypto exchanges—there are about 500 of them to choose from. Let’s take a closer look at two of the most popular exchanges, Crypto.com and Binance.US. Featured Cryptocurrency Partner OffersFees (Maker/Taker) 0.40%/0.40%Cryptocurrencies Available for Trade 170+Fees 0.1%…
In briefDoodles NFT sales volume has jumped more than 1,200% over the past day, with the floor price up 19% in that span. Earlier today, the creators of Doodles announced a $54 million funding round led by Seven Seven Six, the VC firm of Reddit co-founder Alexis Ohanian. Doodles are in demand, and sales are surging following this morning’s announcement of a $54 million funding round: the Ethereum NFT collection has recorded a more than 1,200% sales surge over the past 24 hours.That’s according to data from CryptoSlam, which reports $2.1 million worth of Doodles NFT sales over the past…
Canadian Prime Minister Justin Trudeau has slammed Pierre Poilievre, the new leader of the Conservative Party of Canada, for telling people that they can “opt out of inflation” by investing in cryptocurrencies. Trudeau claims that his Conservative rival’s crypto advice is not “responsible leadership.” Justin Trudeau Calls Pierre Poilievre’s Crypto Advice Irresponsible Leadership Canadian Prime Minister Justin Trudeau talked about cryptocurrency in a speech Monday before the first full caucus meeting of the three-day Cabinet retreat in Vancouver for Liberal parliament members. After congratulating Conservative member of parliament Pierre Poilievre for winning his party’s leadership on Saturday, Trudeau criticized his…
Bitcoin has seen a remarkable recovery trend that has caused its price to surge past $22,000 once more. This is a welcome development for the digital asset, which has been suffering from many dips, but it is not all rosy for the cryptocurrency. Since the market continues to remain in a bearish trend, there are levels that bitcoin must maintain above to keep such high prices. Otherwise, it risks falling more than 85% from its all-time high. Bitcoin Must Hold Above $17,000 Many prominent figures in the finance industry have shared their thoughts about where they see the price of…
© Reuters. Why Bitcoin-, Ethereum- And Litecoin-Related Stock Bitfarms Is Getting Hammered Bitfarms Ltd (NASDAQ: BITF) shares are trading lower by 9.22% to $1.28 Tuesday afternoon. Shares of crypto-related stocks are trading lower amid a drop in (CRYPTO: BTC) and (CRYPTO: ETH) prices. Cypto-related stocks at large are trading lower after August CPI data showed greater-than-expected US inflation, which has caused economic concerns and raised expectations for aggressive Fed policy. Cryptocurrencies have been seen by some investors as a speculative hedge against inflation and the Fed’s plans to curb inflation could weigh on the broader cryptocurrency sector. What Happened? According…
Shiba Inu coin (SHIB), the second largest meme cryptocurrency is trading under heavy pressure over the past 30 days. Its price dropped by over 20% at the same time. However, a recent blog by Shiba Inu has spread joy among the community. Shiba Inu coin joins hands with visualization studio In the blog, Shiba Inu mentioned that SHIB: The Metaverse is set to become the culmination of its history as a community. SHIB went on to partner with THE THIRD FLOOR (TTF), a top visualization studio. This will help the meme token to push its limitations of immersive environments. However,…