Crypto News

WOOFi has released a post-mortem report confirming an $8.75 million exploit on its lending market on Arbitrum. The decentralized exchange has offered a 10% whitehat bounty to the attacker. Decentralized exchange WOOFi suffered an $8.75 million exploit that targeted its lending market on Arbitrum, according to a report the platform released on Wednesday. In a post-mortem report , the WOOFi team noted that the attacker manipulated its Synthetic Proactive Market Making (sPMM) algorithm. After pausing the manipulated contracts, an investigation into the attack revealed the hacker carried out a series of flash loan attacks, starting at around 15:49 UTC on March 5. “The exploit consisted of a sequence of flash loans that took advantage of low liquidity to manipulate the price of WOO in order to repay the flash loans at a cheaper price,” the team noted. During the attack, the exploiter borrowed approximately 7.7 million WOO tokens as well as other cryptocurrencies. They then sold the...

Key takeaways Bitcoin reached a new all-time high price of $69,170 on Tuesday and altcoins could follow soon. AltSignals’ ASI token is up by 17% in the last 24 hours and could rally higher soon Bitcoin sets a new all-time high Bitcoin, the world’s leading cryptocurrency by market cap, has set a new all-time high following its rally on Tuesday. BTC traded at an all-time high price of $69,170, its highest level since November 2021.  BTC experienced a flash crash following the new record to the $62k region. However, it has recovered and is now closing in on its all-time high price again. At press time, the  price of Bitcoin stands at $67,459 per coin. BTC continues to rally ahead of the upcoming Bitcoin halving event.  AltSignals’ adoption continues as it gets listed on CoinGecko AltSignals continues to gain more adoption in the market weeks after ending its presale. The project is already benefiting from the ongoing Bull Run and could soar higher in the medium...

Bitcoin has just broken to a new all-time high as price raced past the $69,000 level. On Tuesday, the price of the benchmark cryptocurrency rose past $69k, entering price discovery mode. BTC traded at $69,322 on Coinbase. Crypto markets are wild following the feat.  A new record high: The #Bitcoin price touched $69,000 today. #bitcoins #cryptocurrecy #markets pic.twitter.com/5WOL0qcSKG — Mohamed A. El-Erian (@elerianm) March 5, 2024 Bitcoin price has jumped more than 200% in the past year and nearly 350% since it broke down to lows of $15k in 2022.  #Bitcoin has never traded higher than it has today Congratulations #HODLGang pic.twitter.com/JwdKqPBiuS — Market Rebellion (@MarketRebels) March 5, 2024 Bitcoin may continue upwards pre-halving as bulls target extended dominace past $70k. The post Bitcoin price breaks to new all-time high above $69,000 appeared first on CoinJournal . from CoinJournal: Latest Bitcoin, Ethereum & Crypto News https://ift...

Anthony Scaramucci, founder of Skybridge Capital, says it is still “very early” for investing in Bitcoin. Bitcoin price rose to highs of $68,000 on Monday. Bitcoin Dogs is shaping up as top NFT and game on Bitcoin after launching the first ICO on the flagship blockchain. As the crypto market eyes a fresh pop to above the $69,000, Skybridge Capital founder Anthony Scaramucci has said it’s still way early for BTC.  Investors increasingly confident in projects within an emerging ecosystem on Bitcoin have flocked to Bitcoin Dogs , a new NFT and gaming project currently dominating the presale market. The project has raised more than $7.3 million in under three weeks. Scaramucci’s bullish outlook for BTC as price pops to $68k Bitcoin has been on an upward trend for the past year, trading to highs of $68,000 on Monday as experts predict further gains. Anthony Scaramucci, founder of Skybridge Capital, predicts that Bitcoin price is set to rocket further amid greater adoption. The...

eCash (XEC) sees a 105% surge in 7 days, hitting $0.00007382. Analysts optimistic about eCash’s future with goals to enhance transaction throughput and protocol upgrades. Bitbot’s presale raises $809,058 in its fourth presale stage. eCash (XEC), the rebranded version of Bitcoin Cash ABC (BCHA), has been making waves in the cryptocurrency market as its price experiences significant movements amidst the trending Bitbot presale . With the rise of alternative cryptocurrencies like BITBOT and XEC, investors are keen to understand the factors driving its price and predict its future trajectory. eCash (XEC): 105% price surge in a week Over the past week, eCash (XEC) has seen remarkable price movements, with a notable increase of 105.48%. This surge in price has captured the attention of traders and investors alike, leading to heightened interest and trading activity in the XEC market. One of the primary reasons behind the rising price of eCash (XEC) is its rebranding and strategic p...

Bitcoin price has touched highs of $68,000 on Coinbase. The Bitcoin market cap has surpassed that of Meta Platforms, rising to $1.32 trillion compared to $1.27 trillion. Bitcoin’s incredible rally over the past few days has extended with another huge upside today. After retreating to lows of $61k last week, Bitcoin price rose more than 7% in 24 hours to hit highs of $68,000 on crypto exchange Coinbase on Monday. The surge saw BTC add more than $4,100 to its value, with the leading cryptocurrency closing in on its all-time high reached in 2021. During that bull cycle, the price of Bitcoin rallied to highs of $69,044. Per today’s performance, Bitcoin is less than 2% from that peak. With spot Bitcoin ETFs frenzy on and the supply shock of the upcoming halving, analysts are saying that BTC still has a lot of room to grow. ETF analyst Eric Balchunas says the trading volume seen last week is more of “new normal than anomaly.” The ten bitcoin ETFs a virtual lock to clock their sec...

The Graph has experienced a monthly growth of 75.7%, making it one of the most profitable altcoins. Dogecoin rose by 55.8% in the last seven days as investors’ sentiment improved. Having already raised $2.6 million since the beginning of its crypto ICO, NuggetRush continues to gain momentum in attracting the attention of investors. Growing 75.7% in the last month, The Graph has emerged as one of the most impressive cryptos in the market.  Dogecoin has also jumped up about 55.8% on the weekly scale, highlighting the growing market sentiment. Meanwhile, NuggetRush’s successful crypto ICO has seen it raise over $2.6 million. NuggetRush (NUGX) presale continues to gain traction  NuggetRush (NUGX)  has had one of the most outstanding presales in the crypto sector. The NuggetRush team has managed to raise about $2.6 million from both retail and whale investors while selling more than 203 million NUGX tokens in the process. The platform that NuggetRush proposes entails...

PLX token price has increased by 250% through its presale stages. The presale has ended and the token now awaits listing on crypto exchanges. The first exchange to list PLX is expected to Uniswap with BitMart following after. Pullix , an innovative DeFi protocol, has concluded its presale phase successfully, marking a significant milestone in its journey towards revolutionizing the cryptocurrency trading landscape. The presale, which attracted a wave of interest from investors, has now paved the way for the listing of Pullix’s native token, PLX, on crypto exchanges with listing on Uniswap set for today. Pullix: pioneering hybrid crypto exchange model Pullix emerges as a pioneering force in the DeFi sector, offering a unique blend of centralized and decentralized exchange features through its hybrid platform. With a vision to challenge the status quo, Pullix aims to provide traders with unparalleled opportunities to earn rewards through its innovative “Trade-to-Earn” model. T...

EigenLayer’s total value locked (TVL) has surpassed $10 billion. This puts the restaking protocol above Maker and just behind Aave in terms of TVL. The spike comes amid increased restaking activity and Ethereum price rallying to above $3,500. EigenLayer, the staking protocol on Ethereum, has seen its total value locked (TVL) skyrocket to over $10 billion amid the surge in Ethereum (ETH) price. With EigenLayer, users can “restake” tokens they have already locked up to help secure the Ethereum network. The restaking makes it possible for stakers to earn rewards for helping secure other ecosystem protocols. EigenLayer TVL soars to $10 billion According to data from DeFiLlama, the protocol’s TVL has increased sharply in the past month.  On February 5, 2024, the EigenLayer TVL stood at $2.15 billion, but as Ethereum price climbed above $3k over the month, that surged to above $7.6 billion by February 24 and $10.3 billion by March 4, 2024. ETH price also saw a decent spike ove...

MAGA (TRUMP) sees bullish surge: +62,000% since Aug ’23, defying market norms. Bitcoin Dogs ICO is the first-ever BRC-20 ICO on the Bitcoin blockchain. The Bitcoin Dogs presale is ending in 11 days. As the cryptocurrency market continues to witness unprecedented volatility, one token that has been grabbing headlines is MAGA (TRUMP). With its recent surge in value and the trending Bitcoin Dogs ICO nearing the $7 million mark, investors are keeping a close eye on MAGA’s price movements and the developments in the Bitcoin Dogs project. MAGA (TRUMP) bullish trend Over the past few weeks, MAGA (TRUMP) has experienced a remarkable surge in value, defying market expectations and outperforming many established cryptocurrencies. Since its launch in August 2023, MAGA has witnessed an astonishing increase of over 62,000%, making it one of the top-performing meme coins in the market. The recent price rally of MAGA can be attributed to several factors. Firstly, the token’s association wit...

LUNC price rose to highs of $0.000185 as Binance burned 2.21 billion of the tokens. The Terra Luna Classic token burn has reached 53 billion on Binance and 100 across the ecosystem. LUNC price is up 27% in the last 24 hours, trading to above $0.00018 early in the day. The Terra Luna Classic token has jumped more than 83% in the past month. With trading volume surging by 143% in the past 24 hours to over $332 million, LUNC is one of the top performing coins today as Bitcoin price hovers near $61,000. Why is LUNC price soaring today? While LUNC’s price has soared over the last few weeks alongside other altcoins as BTC spiked, the latest uptick comes as the community reacts to the latest burn news. Binance announced on March 1, 2024 that it had burned 2.21 billion LUNC tokens. The crypto exchange has supported the LUNC burn program since 2022. The 19 th batch of Binance’s Terra Luna Classic burn saw the total number of tokens the exchange has burnt rise to 53 billion. Meanwhi...

Crypto analyst Alex Wacy predicts parabolic rally for Centrifuge (CFG) amid explosion in tokenization industry. CFG price is near $0.7 today and could rally to a new all-time high amid an altseason. Crypto analyst and researcher Alex Wacy says Centrifuge (CFG) could go parabolic and reach a new all-time high amid the altseason. The price of CFG is up 13% in the past week and 40% in the past month. In the past two months, the altcoin’s value has bounced off resistance around the $0.70 area. Wacy sees the first main target for the bulls at $1.2, with vertical gains likely to push CFG past its all-time high above $2 reached in 2021. Centrifuge and the DeFi/Real-World Assets narrative Centrifuge (CFG) is one of the top projects in the real-world assets (RWAs) space. It launched in 2017 and milestones achieved include the minting of MakerDAO’s first RWA and onchain securitization. In 2022, Centrifuge partnered with BlockTower to bolster onchain financing of real-world assets. The ...

BlackRock to launch Brazil’s first Bitcoin ETF IBIT39 on B3 exchange on March 1, 2024. IBIT39 mirrors Bitcoin’s performance and offers a 0.25% management fee, reduced to 0.12% first year. BlackRock aims to meet the rising demand for regulated crypto investments in Brazil. BlackRock, a global investment management firm, is poised to make a significant stride in Brazil’s cryptocurrency market with the upcoming launch of the country’s inaugural Bitcoin exchange-traded fund (ETF), IBIT39. Scheduled to debut on March 1, 2024, on Brazil’s primary stock exchange, B3, the move marks a pivotal moment in the accessibility of digital assets for regional investors. BlackRock’s Bitcoin ETF in Brazil The iShares Bitcoin Trust BDR (IBIT39) is BlackRock’s response to the increasing demand for regulated avenues to invest in cryptocurrencies. Headed by Karina Saade, BlackRock Brazil Country Manager, the ETF is designed to offer qualified and retail investors an opportunity to gain exposure to Bi...

Delta hard fork slashes Layer 1 fees across Optimism chains by up to 90%. Introduction of Span Batches consolidates Layer 2 blocks, reducing data transmission. OP Labs aims to ease the adoption of OP Stack by alleviating fee burdens for operators. Last week, the Optimism ecosystem witnessed a transformative shift with the deployment of the Delta hard fork across various chains, including OP Mainnet, Base, and Zora. This technical upgrade, designed to slash Layer 1 fees, has surpassed expectations, marking a significant milestone for Optimism and its community. A 90% decrease in fixed overhead costs The Delta hard fork, spearheaded by OP Labs, the core developer behind Optimism, showcased remarkable efficacy in reducing fixed overhead costs associated with Layer 1 fees. Zora-sepolia’s data revealed a staggering 90% decrease in costs, leading to a substantial boost in revenue collection by Zora. The key driver behind this achievement is the introduction of Span Batches, a pivota...

SEC legal battle with Terraform Labs over TerraUSD collapse continues to unfold. Funds allegedly diverted from investors and creditors to an “opaque slush fund” for lawyers. Terraform Labs faces intensified scrutiny as the SEC challenges the allocation of resources. The U.S. Securities and Exchange Commission (SEC) has raised objections to Terraform Labs’ allocation of a $166 million retainer to the law firm Dentons. This development comes amidst an ongoing legal tussle between Terraform Labs and the SEC, stemming from the collapse of TerraUSD and the subsequent bankruptcy filing by Terraform Labs in January 2024. Alleged fund diversion The SEC contends that the substantial retainer payment to Dentons represents a diversion of funds that should rightfully be allocated to investors and creditors involved in Terraform’s bankruptcy proceedings. The commission has characterized this allocation as an attempt by Terraform Labs to establish an “opaque slush fund for its lawyers,” rat...

Marathon Digital has unveiled two sidechains on Anduro, the new multi-chain layer-2 network on Bitcoin. Bitcoin Dogs ($0DOG), the first-ever BRC-20 ICO, has surpassed $5.4 million amid massive industry attention. $0DOG presale ends on March 15, 2024 Bitcoin ’s appeal as a blockchain network continues to grow with the launch of various applications that tap into its security, decentralization and reliability. Marathon Digital, one of the leading crypto mining companies in the world, is advancing this development via Anduro, a new multi-chain layer-2 network on Bitcoin. Meanwhile, Bitcoin Dogs , a new crypto project for GameFi and NFTs, has attracted remarkable interest after it launched the first-ever ICO on the Bitcoin blockchain. Marathon Digital unveils first sidechains of new Bitcoin layer-2 network According to Marathon Digital, while Bitcoin’s strengths as a network would be appealing to any developer, its current functionality may not. The company points to the challenge ...

Ethereum (ETH) surged above $3400, driven by Bitcoin’s rise. Pullix pre-sale ending soon; PLX to list on Uniswap, BitMart. Investors eying Ethereum (ETH) and Pullix (PLX) amid the bullish crypto market. The cryptocurrency market is experiencing a significant surge, propelled by impressive gains in Ethereum (ETH) and Bitcoin (BTC) . Ethereum has seen a remarkable increase of over 17% in the last week, reaching $3,470.73. Ethereum’s price surge can be attributed to the generally bullish sentiment in the crypto market largely attributed to the positive performance of Bitcoin, which has surged by 21% since Monday, trading at $62,807.02 at the time of writing. As the cryptocurrency market witnesses a bull cycle, the presale of Pullix’s native token is a few days to its end awaiting listing on two crypto exchanges. Ethereum’s price surge and market dynamics Ethereum’s recent price surge is a testament to its resilience and growing popularity in the cryptocurrency market. With a s...

Key takeaways Bitcoin topped the $63k level for the first time since December 2021. Memeinator’s presale has raised more than $5.2 million.  Bitcoin approaches its all-time high price Bitcoin, the world’s leading digital currency by market cap, has performed excellently since the start of the week. It is up by 22% during that period, outperforming other major cryptocurrencies.  BTC hit the $63,700 mark on Wednesday, its highest level since December 2021. At press time, the price of Bitcoin stands at $62,969, up by 10% in the last 24 hours. It is now getting closer to its all-time high price of $69k. What is Memeinator? Memeinator is a meme Web3 project that is still in its presale stage. The project seeks to provide service to content creators who use memes.  According to the whitepaper on the official Memeinator website, the development team laid out a series of strategies to help them turn Memeinator into one of the leading meme coins in the crypto space...

Key takeaways BlackRock’s spot Bitcoin ETF achieved a trading volume of $1.3 billion for the second consecutive day. BTC touched $57k as Bitbot’s presale approaches $750k BlackRock’s IBIT trading volume soars higher Bitcoin has been performing excellently since the start of the week, thanks to BlackRock’s IBIT and other spot Bitcoin ETFs.  BlackRock’s IBIT recorded a trading volume of $1.3 billion for the second consecutive day. The ETF recorded a trading volume of $1.35 billion on Tuesday, surpassing the $1.3 billion reported on Monday.  The positive performance also means that BlackRock’s IBIT was the fifth most traded among all U.S.-listed ETFs during the morning hours. The record numbers from spot Bitcoin ETFs continue to show an increasing appetite for Bitcoin by institutional investors. The rising trading volume could also spill into the crypto market and this is where projects like Bitbot could offer excellent use cases to traders and investors.  Wha...

Cardano introduces Plutus V3 engine, enhancing smart contract functionalities Cardano (DA) price has surged following the launch of the new engine. PLX token presale coming to an end, with $8,242,734 raised. Cardano , a leading Proof-of-Stake (PoS) blockchain, has unveiled its highly anticipated Plutus V3 engine, aiming to revolutionize smart contract functionalities and drive developer innovation. At the same time, Pullix , a new DeFi protocol, is gearing up for the listing of its PLX token on two exchanges once the presale comes to an end. Cardano’s Plutus V3 Engine The Plutus V3 engine, introduced by Cardano, is a significant upgrade poised to enhance performance and functionality on its PoS network. The engine is designed to augment smart contract capabilities and is set to drive intrigue among developers seeking advanced blockchain solutions. 👀 Introducing PlutusV3 – a new ledger language now available for testing on #SanchoNet . With improved smart contract adoption, ...