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Month: August 2024

cryptocurrency August 6, 2024

Ronin Bridge, an Ethereum sidechain built for the popular play-to-earn non-fungible token game Axie Infinity, has been hacked. The hack caused 3,996 Ethereum (ETH) worth approximately $9.33 million to be lost. Advertisements Players use the Ronin Bridge to transfer assets between the Ronin chain and the Ethereum network. Ronin Bridge Compromised for $9 Million PeckShield confirmed the […]

cryptocurrency August 6, 2024

Market analyst and trader Henrik Zerberg predicts a blow-off top in US markets for cryptocurrency and stock sectors. This prediction comes after the market-wide crash on Monday, which saw over $1 billion in crypto positions liquidated. Advertisements The crypto industry is recording a shift in sentiment, with Bitcoin up 8%, holding well above $55,000, and […]

cryptocurrency August 6, 2024

ETH weekly recap reveals the sharpest decline since FTX days. Leveraged liquidations may have had a strong hand in ETH’s performance. Ethereum [ETH] has experienced quite the roller-coaster of volatile price action in the last 7 days. The outcome has crashed the little bullish optimism that had started to manifest at the end of July, […]

cryptocurrency August 6, 2024

Key Takeaways Zoth has raised $4 million to fund its Tokenized Liquid Note backed by US Treasury Bills and corporate bonds. The company targets institutional investors with its blockchain-based fixed-income products. Share this article Advertisements URL Copied Zoth, a decentralized finance infrastructure company specializing in the tokenization of real-world assets, has successfully secured $4 million […]

cryptocurrency August 5, 2024

In a striking shift in the cryptocurrency landscape, traditional investors in Bitcoin (BTC) and Ethereum (ETH) are increasingly reallocating their assets into newer, high-potential tokens. This article explores why investors are pivoting away from established giants like BTC and ETH and why Mpeppe (MPEPE) has emerged as a compelling alternative. Advertisements The Shift from Bitcoin […]

cryptocurrency August 5, 2024

During early Monday in Asian trading hours, Ethereum (ETH) plummeted to its lowest since January 2024, hitting a low of around $2,100. This sharp drop occurred in just a 15-minute window around 01:00 UTC, with Ethereum’s value nosediving from $2,540 to $2,100—a 15% fall. Advertisements This swift descent shocked traders, struggling to believe the rapid […]

cryptocurrency August 5, 2024

During early Asia trading time, the crypto market experienced a drastic decline. According to CoinGecko, the total crypto market capitalization has dropped by 12.5%, now standing at approximately $1.97 trillion. Advertisements This marks the first time since mid-February that the market cap has fallen below the $2 trillion mark. Fed’s Rate Stance Spurs Speculation on […]

cryptocurrency August 4, 2024

Grayscale’s Ethereum Trust (ETHE) has seen a notable reduction in outflows during its second week of trading, following a $1.5 billion outflow in the initial week. Advertisements According to blockchain analysis firm Arkham Intelligence, ETHE experienced an 80% drop in outflows as the second week progressed. Why Grayscale’s ETHE Outflows Declined On July 29, approximately […]

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