Ethereum Watch

Advertisements Numerous on-chain indicators suggest Ethereum price is on the verge of another 2017-style bull run. Ether (ETH) price is currently ranging between $440 and $470, which is similar to the price action seen in December 2017. Back then, the scenario ended up being incredibly bullish, and the altcoin quickly rocketed toward $1,400.  Fast forward […]

Key Takeaways Following this weekend’s Value DeFi exploit, a number of users have contacted the attacker on the blockchain urging them to return the funds. The Value DeFi team attempted to negotiate with the attacker, suggesting that they keep $1 million as a bounty. They also confirmed their plans to compensate the Value DeFi community. […]

DeFi Despite positive technological developments, the decentralized finance (DeFi) space is still rife with hacks and exploits. This much was made clear just recently, when $7 million was siphoned out of a cryptocurrency vault based on Ethereum. While many users have been adversely affected by this exploit, the unknown attack did make a move to […]

Ethereum traded above the $450 resistance, but it is struggle near $480 against the US Dollar. ETH price is correcting gains, but it is likely to find strong bids near $440. Advertisements ETH price traded to a new multi-month high near $478 against the US Dollar. The price is currently correcting lower below $465, but […]

Key Takeaways Akropolis lost $2 million in breach despite independent audit. The funds were stolen from liquidity pools connected to the project. User funds and staking pools were not affected. Share this article According to reports within the crypto community, Akropolis, an Ethereum-based DeFi lending platform, was attacked this week.  Advertisements The attacker managed to […]

Key Takeaways Value DeFi, a protocol for staking cryptoassets in exchange for yield, was exploited for $7.4 million on Saturday morning. An attacker pulled off the elaborate move by carrying out a flash loan for 80,000 ETH. Attacker also paid $2 million back to the protocol during the multi-step process. Share this article Value DeFi […]

Key Takeaways The DeFi surge in 2020 led to more than a dozen hacks over several months. More than $50 million was lost due to bugs, exploits, and hacks. Although some losses were recovered, DeFi users need to stay vigilant when interacting with applications. Share this article DeFi is nothing short of a revolution. Automated […]

Advertisements Quick take: The Ethereum Foundation is calling on developers to help build the ETH2.0 Ecosystem This will be in the form of community grants ETH2.0 mainnet deposit address is live with Phase 0 staking currently at 13.61% Mid-last week, the Ethereum Foundation announced that it was launching a Community grants program geared towards building […]

Advertisements Quick take: The percentage of Ethereum being held on crypto exchange is at 13.35% of the total supply in circulation This value is the lowest since November 23rd, 2018 DeFi and preparation for ETH2.0 staking could be two reasons why this is so It could also indicate that whales are least likely to dump […]

Cryptocurrencies have reached Exascale class supercomputing, with a hash rate of around 115 ExaHashes per second just for Bitcoin Advertisements MENLO PARK, Calif. – Nov. 13, 2020 – PRLog — OrionX Research (http://orionx.net/research) today unveiled the fifth edition of the CryptoSuper500 list. The list tracks supercomputers used for cryptocurrency mining, an intensive application that has […]