Velocore Breach: A detailed analysis Currently, a DEX Velocore, operating on zkSync and Linea blockchains, was likely to have been hacked. It led to the loss of $10 million in user liquidity with this comment: The Execution of the Velocore Hack The hack occurred when Linea Blockchain, in which Velocore is based, had temporarily ceased […]
Velocore Hack Results in Loss of $10 Million from User Liquidity Pools Read More »
Bitcoin layer two are the complementary solutions or applications which utilize the Bitcoin infrastructure. They are designed to help overcome Bitcoin’s scaling problem, in terms of the number of transactions per second processing rate, the fees per transaction, and the transaction speed. Furthermore, certain Bitcoin L2s incorporate smart contract capabilities for providing decentralized financial services,
Bitcoin Layer Two Solutions: A Guide Read More »
Do Kwon CEO of Terraform Labs, and his company are embroiled in a significant fraud case with the U.S. Securities and Exchange Commission (SEC). This case has drawn considerable attention due to its implications for the cryptocurrency market and regulatory landscape. The SEC accused Terraform Labs and Do Kwon of defrauding investors through the misleading
Do Kwon’s SEC Fraud Case: Key Updates Read More »
The truth that has come out through recent studies is contrary to the stereotype of Bitcoin investors which is most times portrays as being irresponsible and immature. A new study conducted by Stefano Di Domenico, a behavioral scientist and an assistant professor at the University of Toronto, said that Bitcoin users are very informed, have
Myth Busted: Bitcoin Owners Aren’t ‘Psychopaths’ Read More »
Bitwise Executive Katherine Dowling pointed out that the ex-President Trump might have been the only person who knew that spot Ethereum ETFs would be initially approved by the SEC. At the Consensus cryptocurrency conference, Dowling said: “Trump maybe was the only one that knew about it. I think Trump knew that we were going to
Bitwise’s Executive Reveals ETF Approval Secret Read More »
The U.S Department of Justice has recently captured Yunhe Wang, a Chinese national, involved in a major botnet crime that led to losses of over $130 million. Wang allegedly seized control over 19.5 million private IP addresses through the 911 S5 botnet, distributed the malware and sold it to global criminals. The Botnet Operation This
Unveiling Botnet Cybercrimes: The $130M Case Read More »
Specifically, pseudonymous analyst TechDev posted to his 452k Telegram channel X that several signs point to the market currently replicating a pattern from 2020 that presaged a super bull cycle. Chris Webber of TechDev stated, “The whole crypto market is in just its first macro bull phase in 3. 5 years. ” They reveal, for
As the world wakes up to another day, BTC has taken another dip, losing 3% of its value in the past 24 hours, according to data from coinmarketcap. com, while il Capo, one of the most recognizable names in the field of cryptocurrency analysis, has weighed in on the current market standing. It did this
This study aims to examine the extent of electricity consumption from the United States Bitcoin mining in 2024 and found that it has expended a massive amount of electricity, $2. 7 billion. As reported by Paul Hoffman of Best Brokers, US Bitcoin mining used 20,822 kWh per TH/s during the reported period. They had purchased
US Bitcoin Mining Electricity Expenses Revealed Read More »
El Salvador’s pioneering move to adopt Bitcoin as legal tender has sparked global interest, particularly from Argentina. Argentina, grappling with economic instability and inflation, sees potential in Bitcoin to stabilize and innovate its financial system. Here’s a closer look at how El Salvador’s experience could inform Argentina’s path toward crypto adoption. El Salvador’s Bitcoin Journey
El Salvador’s Bitcoin Adoption: A Model for Argentina? Read More »
