Rho Markets, a lending platform on the Ethereum layer two network Scroll, recently faced a scary situation involving “gray hat” hackers. The Hack: Oracle Manipulation The hackers exploited a vulnerability in Rho Markets’ oracle system. Oracles are basically like messengers that bring real-world information to smart contracts on the blockchain. The hackers manipulated the oracle,…
Worldcoin, a new cryptocurrency, has been facing serious accusations of manipulation and even being a scam. Manipulation Allegations Crypto sleuth ZachXBT has called Worldcoin the “biggest scam token of the bull run,” echoing concerns raised by crypto analyst DeFi Squared. DeFi Squared claims the Worldcoin team is actively manipulating the price of their token, WLD,…
Crypto exchange WazirX was hit hard on Thursday, losing $235 million to hackers. The exchange is taking immediate action to recover the stolen funds and protect its users. WazirX Fights Back WazirX has filed a police complaint and is working with law enforcement to track down the perpetrators. They’ve also contacted over 500 other crypto…
Retail investors are losing interest in Bitcoin, according to recent data. The amount of money small investors are moving around in Bitcoin has plummeted to its lowest point in three years. This is a bad sign for the price of Bitcoin, as it shows that even though the price has been going up recently, people…
The price of XRP has been on the rise this week, and it’s not just a coincidence. Crypto analytics firm Santiment says the XRP Ledger (XRPL) has seen a huge increase in activity, with more new addresses being created and more addresses interacting with the network than they’ve seen since March. Is It Just Hype?…
Get ready for a huge transfer of wealth, folks! Billions of dollars are about to change hands as older generations pass on their assets. A Big Number: Experts say that over the next 20 years, about $83 trillion will be handed down. That’s a mind-boggling amount of money, roughly equal to the combined economic output…
The Winklevoss twins, famous for their involvement with Facebook and their own crypto exchange Gemini, are continuing to donate big bucks to Republican candidates. Targeting Elizabeth Warren This time, they’re giving $500,000 worth of Bitcoin each to John Deaton, a lawyer and crypto advocate running against Senator Elizabeth Warren. The twins are calling Warren the…
A well-known crypto analyst is warning traders that Ethereum (ETH) might not perform as well as Bitcoin (BTC) in the coming weeks. Ethereum to Dip, Then Soar? Crypto trader Kaleo, who has a large following on social media, believes that Ethereum will be outpaced by Bitcoin in the next week. However, he thinks that the…
Dogecoin is on the rise again, and this time it’s not just retail investors driving the price up. Big players, known as “whales,” are quietly accumulating millions of DOGE tokens. Whales Are Buying Big Crypto analyst Ali Martinez noticed a huge spike in DOGE purchases by whales. In the last 24 hours, some whales bought…
Terraform Labs (TFL), the company behind the collapsed TerraUSD and LUNA tokens, is getting ready to shut down its operations. A recent court order has given them permission to take some important steps before they disappear. Reopening the Shuttle Bridge and Burning LUNA TFL is allowed to reopen the Shuttle bridge, which lets users transfer…
