The decentralized exchange (DEX) GMX has fallen victim to an exploit by a large and sophisticated trader who reportedly was able to “siphon all the liquidity” from its avalanche (AVAX) market and profit from the manipulated price…. Read More: GMX DEX Falls Victim to $400k Price Manipulation That Made Use of its No Slippage Feature…
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Ethereum classic fell to a two-month low to start the week, as prices in the cryptocurrency market continue to decline. Uniswap also slipped to a multi-month low on Monday, as the token hit its weakest level since July. As of writing, the global crypto market cap is down 5.08% Ethereum Classic (ETC) Ethereum classic (ETC)…
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The price of bitcoin has dropped 72.9% in USD value since the crypto asset’s all-time high ten months ago and recently, bitcoin’s been trading for just under $19K per unit. This week two prominent crypto market influencers have been discussing how governments could suppress bitcoin markets by shorting the crypto asset. However, one of the…
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Months before Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS), a simulation of The Merge had shown the network’s issuance rate would drop following the ruleset change. Statistics now show that the simulation’s predictions have come to fruition as the network’s issuance rate has slowed significantly since September 15, following the Paris Upgrade that triggered…
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Vogue Singapore and other fashion platforms are creating Web3 communities for users, but will the concept catch on? A recent report from technology research and advisory firm Technavio predicts that the Metaverse will hit a market share value of $50.37 billion by the year 2026. Therefore, it shouldn’t come as a surprise that the trillion-dollar…
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The Federal Reserve’s rate hike spree will likely spoil XRP’s most bullish fundamentals in years. Ripple (XRP) price was wobbling between profits and losses on Sept. 19 despite hopes that Ripple would eventually win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC). Ripple and the SEC both agreed to expedite the lawsuit…
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“Too much time in governance, too little time in development, too many voices in price. Too tired and refund it all,” a core team member wrote. On Monday, decentralized autonomous organization Panda DAO put forth a new proposal to dissolve itself and return assets back to investors. According to the seven-point referendum, between 500 million…
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According to Interpol, there are currently 7,151 individuals publicly named on the agency’s Red Notice list out of 69,270. South Korean prosecutors have reportedly requested Interpol intervene in their case against Terra co-founder Do Kwon by issuing a “Red Notice” — suggesting global law enforcement agencies may attempt to find and detain him. According to…
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Finance Ministry official says an upcoming bill may provide local infrastructure, allow businesses to negotiate the use of cryptocurrencies in international trade on their own. A Russian Finance Ministry official has provided new details about a bill on digital currencies that is currently being drafted. The bill provides local infrastructure for settlements and regulation on…
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Bitcoin price remained in a bearish zone below the $19,000 level. BTC is currently (11:00 UTC) consolidating near the $18,500 level. A short-term recovery wave could face resistance near the $18,865 and $19,000 levels. Similarly, most major altcoins might face resistance if there is a recovery wave. ETH is now consolidating losses near the $1,300…
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