Centralized sequencers achieve higher throughputs and performance, but they also create severe security risks — illustrated by a $2.6 million exploit on Linea. Source: https://cointelegraph.com/news/layer-2-rollups-must-decentralize-sequencers
Month: June 2024
Crypto Portfolio Tracker Coinstats Confirms Security Breach; Temporarily Shuts Down App
According to the crypto portfolio tracking app, Coinstats, suspected North Korea-linked hackers are believed to be behind the security breach on June 22, which impacted 1,590 user wallets, The Coinstats team has advised users with affected wallet addresses to immediately transfer their funds using their exported private keys. Coinstats App Shut Down Coinstats, the crypto […] Source: https://news.bitcoin.com/crypto-portfolio-tracker-coinstats-confirms-security-breach-temporarily-shuts-down-app/
Donald Trump’s VP Contenders: A Look at Polymarket Odds and Favorites
With the 2024 election set for November, there’s growing curiosity about whom former President Donald Trump will select as his vice-presidential candidate. Currently, the decentralized prediction market Polymarket is featuring bets on a wide array of potential candidates, with this weekend showing a mystery candidate and Republican Senator J.D. Vance of Ohio as the frontrunners. […] Source: https://news.bitcoin.com/donald-trumps-vp-contenders-a-look-at-polymarket-odds-and-favorites/
Exploring Crypto’s Most Expensive Assets: The 5, 4, and 3-Digit Clubs
Throughout bitcoin’s history, the leading crypto asset has traded at five digits per unit for over 28% of its time. In 2022 and 2022, bitcoin (BTC) and yearn finance (YFI) were the only two tokens trading in the five-digit range; however, currently, only bitcoin maintains that status. The following is an overview of the most […] Source: https://news.bitcoin.com/exploring-cryptos-most-expensive-assets-the-5-4-and-3-digit-clubs/
6 steps for putting a valuation on digital assets
What’s the best way to place a value on a cryptocurrency? Take your pick, because there are dozens of options. Source: https://cointelegraph.com/news/6-steps-putting-valuation-digital-assets
Bitcoin prepping breakout with '$90K+' BTC price target — New analysis
Bitcoin faces a key weekly close as BTC price indicators keep bulls’ hopes alive when it comes to new all-time highs. Source: https://cointelegraph.com/news/bitcoin-prepping-breakout-90k-btc-price-target-new-analysis
This Week in Crypto Games: ‘Pixels’ Chapter 2, Konami on Avalanche, Telegram Gaming Boom
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the…
MakerDAO delegate’s $11M in tokens stolen in phishing scam
The user fell victim to the phishing scam after signing multiple phishing signatures, which led to losing their digital assets. Source: https://cointelegraph.com/news/makerdao-delegate-loses-11m-in-phishing-scam
SEC Demands $102M From Ripple, Dems Reportedly Prepare for Crypto Roundtable, and More — Week in Review
The U.S. Securities and Exchange Commission (SEC) is seeking a $102.6 million penalty from Ripple in the XRP case. Meanwhile, the Biden administration, along with Mark Cuban and Representative Ro Khanna, are preparing for a crucial crypto roundtable. A Bank of America report reveals that younger wealthy investors are increasingly favoring cryptocurrencies over traditional investments. […] Source: https://news.bitcoin.com/sec-demands-102m-from-ripple-dems-reportedly-prepare-for-crypto-roundtable-and-more-week-in-review/
Detained Binance Employee Includes Financial Compensation Demand in Amended Rights Lawsuit
The jailed Binance employee, Tigran Gambaryan, recently requested permission to amend his fundamental human rights violation against Nigerian law enforcement agencies. The amended proposal reportedly seeks “the costs of this action on a full indemnity basis.” The Economic and Financial Crimes Commission counsel opposed the application for amendment. However, Justice Inyang Ekwo overruled the opposition […] Source: https://news.bitcoin.com/detained-binance-employee-includes-financial-compensation-demand-in-amended-rights-lawsuit/