Crypto news

UwU Lend, a decentralized lending platform, has become the latest victim of a malicious hack. According to the blockchain security firm, Arkham, the lending protocol saw $19.3 million stolen by bad actors. Although the cause of the hack is yet to be identified, some users claim that the project’s founder is the one behind the attack. UwU Lend Loses $19.3M UwU Lend was forked from the open-source codes for AAVE v2, an Ethereum-based lending protocol. It offers a cohort of...

DTX Exchange (DTX) has been gaining popularity lately for being an absolute game changer in online trading. Its utility token, DTX, which is now in Stage 2 of its presale, could very well take over from giants like Binance Coin (BNB) or Uniswap (UNI). Market analysts hint that this exchange coin may soar by 50x in 2024. Let’s see why. DTX Exchange (DTX): A Hybrid Trading Platform DTX Exchange (DTX) is a trading platform that combines CEX and DEX. Users can trade more than 120,000 types...

Polkadot buyers were unable to surpass the critical resistance at $7.5, resulting in a significant 7% decline due to increased selling pressure. The cryptocurrency has now reached a decisive support level, and the upcoming price action will be crucial in determining Polkadot’s future trend. Technical Analysis By Shayan The Daily Chart A detailed daily chart analysis reveals that Polkadot buyers failed to reclaim a key resistance zone over several weeks. This zone includes the...

After a brief consolidation near the critical $4K resistance level, Ethereum encountered increased selling pressure, leading to a decline. However, a significant support zone lies ahead, which may curb further downward movement. By Shayan The Daily Chart A closer look at the daily chart shows that after a short period of consolidation near the pivotal $4K resistance, Ethereum faced heightened selling activity, resulting in a notable rejection. This indicates strong selling...

Ethereum witnessed its strongest week in terms of capital inflow since March, with total inflows amounting to $69 million over the past week, as per the latest stats by CoinShares. The latest influx can be attributed to the surprise decision by the US Securities and Exchange (SEC) to allow spot Ether ETFs. As a result, Ethereum’s YTD inflows surged to almost $81 million. The improvement in investment products based on Ethereum had a significant impact on other digital asset...

With the cryptocurrency market experiencing a not-so-good downturn in the past couple of months, It’s more challenging even for seasoned investors to tailor their expectations of the next couple of months from crypto token as promising as BEFE. So, it’s gotten tricky, especially since many expected an immediate bull run from Bitcoin post-halving. Instead, crypto enthusiasts and Bitcoin investors had to endure through the crypto’s sideways movements and volatility. Hence, it begs the...

An illegal Indian crypto operation that scammed a foreign resident was busted by the authorities who arrested the perpetrators along with proof and tangible assets like jewelry. The operation involved Prafful Gupta and multiple associates targeting a foreign woman, claiming her bank account was insecure and convincing her to transfer funds worth $400,000. The arrests came after the Central Bureau of Investigation (CBI) filed a First Information Report (FIR) against Prafful and the others...

Analysts have long been predicting that the Bitgert alternate coin will hit $0.0001, and the reasons for this include its use of modern technologies and its user base that is slowly expanding. However, these kinds of optimistic pronouncements must be taken with a pinch of salt due to the unpredictability of crypto markets. Bitgert: The Altcoin Revolution Maker! Amongst the fast-growing sea of alternate-focused coins, one stands out for putting itself in what seems to be a very novel...

Alex Saunders, an Australian crypto/finance influencer and founder of Facebook group Nugget’s News, is revealed to have collected AU$17.5 million (US$13.2 million) in loans from FTX. The now-defunct exchange wanted to evade bad press because of the scheme it was involved in with Saunders. Saunders had lured innocent investors into providing him with funds by sending it to his crypto wallets. He claimed that he would direct toward developing multiple crypto protocols. In return, he would...

Ravestag Crypto Exchange: Bitcoin-Wechselstube in Tbilisi, Georgien. Bitcoin, die erste und bekannteste Kryptowährung, wurde von Anfang an mit einer begrenzten Gesamtmenge konzipiert. Diese digitale Knappheit, die durch komplexe mathematische Algorithmen festgelegt ist, wird oft als eine der Stärken von Bitcoin hervorgehoben. Doch was passiert, wenn die Verfügbarkeit von Bitcoin immer weiter abnimmt? Könnte dies zu Problemen für die traditionellen Finanzmärkte führen? Die...