Cryptocurrency

Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit. On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had experienced a security incident and had thus frozen its smart contract. The team added it is investigating the cause of the exploit

Bitcoin (BTC) has been trading near the $29,000 level for the past few days. This suggests a lack of strong demand at higher levels but the only solace for the bulls is that they have managed to sustain the price above the immediate support. The uncertainty about the next directional move may have tempted short-term

MakerDAO, one of the early pioneers of decentralized finance, has sparked criticism over its decision to block virtual private network (VPN) users from accessing its recently launched lending platform, Spark Protocol. At the time of writing, VPN users that attempt to access the Spark Protocol website will be met with an error: “Accessing this website

A miner extractable value (MEV) bot that drained 6,106 Ether from the Curve Finance pETH-ETH pool has returned most of the funds to the JPEG’d deployer, which represents nearly all of the drained funds. This event occurred after the bot’s address sent a message on the Ethereum blockchain seeking to prove that their email address was associated with the

Optimism (OP) is a Layer 2 scaling solution, which operates as a separate blockchain built on top of Ethereum. Despite having a smaller total value locked (TVL) than its rivals, Optimism may still have the potential to thrive in the increasingly competitive DeFi landscape.  Being one of the pioneers in the DeF space, Optimism initially

On July 30, Curve Finance, a decentralized exchange on Ethereum, suffered a hack due to a vulnerability in certain pools built using the Vyper programming language. The price of CRV dropped 20.91% on the day of the hack, falling to a two-month low of $0.58. On the next day, the decline in CRV continued to

Bitcoin (BTC) has been stuck in a narrow range for the past several days. A minor positive is that the range has formed near the recent local high. This suggests that the bulls are not rushing to the exit as they anticipate another leg higher. Bitcoin’s consolidation has pulled its market dominance to 48% from

Japanese blockchain developer HashPort has raised 1.2 billion Japanese yen ($8.5 million) in a Series C funding round led by Sumitomo Mitsui Banking Corporation, The University of Tokyo Edge Capital Partners and Japanese billionaire entrepreneur Yusaku Maezawa. The new round brings HashPort’s total funding to 2 billion yen ($14.2 million).  According to the July 28

Solana game developer Automata (ATMTA) will undergo “a significant headcount reduction” to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise just 45 staff, compared to 235 in late 2022. According to the July 24 announcement on Discord, Michael Wagner, CEO and co-founder of ATMTA, said the restructured team

Maker has gained 53.5% over the past month, and the cryptocurrency witnessed a remarkable 28.1% surge between July 15 and July 22, achieving its highest daily close in nearly a year. While the gains are impressive, the real question is: Can the cryptocurrency sustain its current trajectory, or were short-term factors behind the price pump? Average

Worldcoin (WLD), a project partly created by OpenAI CEO Sam Alman, launched the token that will be used within the project’s ecosystem on July 24.  The project has continuously split opinions from within the crypto space up to Silicon Valley, with some praising the project’s ambition to some calling it “creepy” and “dystopian.” Despite these

Stellar (XLM) is basking in the glow of Ripple’s partial win against the U.S. Securities and Exchange Commission (SEC), up around 60% since the court ruling on July 13. XRP fuels XLM price rally again XLM price has risen over 60% since July 13, when a federal judge ruled that the XRP sales on public

Conic Finance, a liquidity pool balancing platform for the decentralized finance (DeFi) protocol Curve, has suffered an exploit on the Ethereum omnipool. Conic Finance has been exploited for $3.26 million in Ether (ETH), the Web3 risk-alert source Beosin Alert reported on July 21. Nearly the entire amount of stolen cryptocurrency was sent to a new

Minecraft gets the Bitcoin treatment It seems like Minecraft has been around since the invention of computers, and there is a reason for that. Along with its official free updates, which provide extra content, the Minecraft ecosystem has an incredibly active community, helping it stay up to date. Thanks to the game’s open-ended gameplay, there

The double-digit percentage gains for XRP (XRP) this month may have reached the exhaustion point, reflecting the trends elsewhere in the cryptocurrency market. This follows the euphoria surrounding Ripple’s partial win versus the U.S. Securities and Exchange Commission, resulting in bullish calls for as high as $15 in the coming months.  $15 is reasonable I

The next phase of the United States Securities and Exchange Commission (SEC) v. Ripple case is set to move forward, as Judge Analisa Torres of the U.S. District Court for the Southern District of New York filed paperwork on July 17 referring the case to Magistrate Judge Sarah Netburn. First reported by journalist Eleanor Terrett,

Bitcoin (BTC) dominance has taken a tumble in the wake of Ripple’s partial victory against the United States Securities and Exchange Commission, with a surge in altcoin prices briefly causing BTC dominance to fall under the 50% mark.  Bitcoin dominance — the measure of how much Bitcoin makes up of the total crypto market cap

The price of XRP (XRP) has skyrocketed in the aftermath of a federal court ruling saying that its sales on crypto exchanges complied with U.S. securities laws. On July 14, XRP price retreated by about 10% to $0.76, but compared to its lowest price the previous day, it was still up around 65%. Related: Why

The Binance-operated BNB Beacon Chain mainnet is set to add a new feature in its upcoming hard fork, which will give the blockchain the ability to “halt” the production of new blocks if certain conditions are met. In a July 12 statement from BNB Chain, the “ZhangHeng” upgrade is expected to take place at block

The price of BNB has experienced a 24.5% decline over the past 90 days, despite a 7% gain between July 10 and July 11. BNB (BNB) has performed worse than the overall altcoin market, indicating that the underlying cause for the bearish momentum persists. It is highly likely that the correction in BNB’s price can be