Crypto news

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As if the traditional banking system isn’t causing enough troubles, a DeFi lending protocol called Euler Finance was also hit by a flash-loan attack. The damage equates to almost $200 million worth of staked ether, USDC, wrapped BTC, and DAI. Euler Finance is a decentralized lending protocol that was most recently exploited for a whopping $197 million in total. The breakdown of the funds is as follows: $8.7 million worth of the decentralized stablecoin DAI, $34 million worth...

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Stellar lumen price is facing a major resistance near the $0.085 zone against the US Dollar. XLM price is now trading above $0.078 and the 55 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $0.0805 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.0845 and $0.085 resistance levels. Stellar lumen price is trading above $0.0800 against the US Dollar, similar to...

Ripple price started a fresh decline from the $0.400 zone against the US dollar. The price is now trading below $0.3850 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $0.3750 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could extend losses if it stays below the $0.3840 resistance zone. Ripple price is struggling below $0.3840 against the US Dollar, similar to bitcoin. XRP price...

Yet another crypto-friendly bank has been forced to shut its doors: Signature Bank – the bank numerous crypto firms retreated to after Silvergate revealed operational difficulties earlier this month.  As with Silicon Valley Bank (SVB), the U.S. government has agreed to fully bail out the firm’s depositors as part of a “systemic risk exception.” In a joint statement from the Federal Reserve, Treasury Department, and Federal Deposit Insurance Corporation, the parties clarified...

The U.S. government’s biggest financial regulators released a joint statement on Sunday promising to save every last depositor at Silicon Valley Bank (SVB) – even those not fully covered by standard federal deposit insurance.  In response to the news, both Bitcoin and USDC are quickly returning to their price levels from before the bank’s collapse.  The Federal Reserve, Treasury Department, and Federal Deposit Insurance Corporation jointly announced that every depositor would...

Minneapolis-based cybersecurity firm Jamf Threat Labs found a crypto-jacking program well hidden in pirated copies of Apple’s Final Cut Pro. Jamf warns Apple chip speed will make Macs increasingly popular targets for malware attacks. In its report, Jamf said: “During routine monitoring of our threat detections in the wild, we encountered an alert indicating XMRig usage, a command-line crypto-mining tool. While XMRig is commonly used for legitimate purposes, its adaptable,...