$190M Stolen From Nomad Bridge in “Frenzied Free-for-All” Hack
Regulators from New York City have recently jumped in to help investors who have been recently duped or burned by crypto firms. On Monday, August 1, New York Attorney General Letitia James issued an investor alert asking investors who feel cheated to contact her office. During the second quarter of 2022, we have seen several crypto businesses going insolvent and freezing withdrawals on the platforms as they struggled to meet the high liquidity demand. Several crypto firms and lenders filed...
On Monday evening, attackers exploited the cross-chain blockchain protocol Nomad, the latest among several bridge exploits this year. Although the exact amount isn’t confirmed, reports suggest that the hackers stole anywhere north of $150 million. Taking cognizance of the matter, Nomad updated its users for the same. The company also asked users to be aware of impersonators. Nomad tweeted: We are aware of the incident involving the Nomad token bridge. We are currently investigating and will provide...
A popular cryptocurrency analyst has suggested that Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, could unexpectedly surge toward $5,000 as we get closer to the upcoming Merge upgrade. The pseudonymous analyst known on social media by Kaleo has recently told its over 500,000 followers on the microblogging...
On Monday (August 1), Ethererum ($ETH), the second-most valuable cryptoasset by market cap, is trading around $1,675, after an excellent performance in July (despite the fact that we are still in a bear market). According to data by TradingView, on crypto exchange Coinbase, the $ETH price went from...
Bitcoin, the world’s largest cryptocurrency, recorded a significant sell-off between June-July 2022. This, understandably, sent its price tumbling down the charts. In fact, BTC saw its price fall below the $20k-mark, with many holders exiting the network in fear of aggravated losses. However, a new month could see a new beginning for the crypto. So, what exactly is in store for Bitcoin in August?
Published 6 seconds ago Today’s Bitcoin price analysis offers no surprise. As the price extends its consolidation move on the first day of the new trading week. The price moves in a very narrow range of $23,200 and $23,400 with a negative bias. According to CoinMarketCap data, BTC’s price is attempting to make its next big move amid a solid consolidation. Amid, the “Buy the Dip” sentiment, investors must wait for further confirmation to place aggressive bids. As of press...
The Ethereum (ETH) price skyrocketed last week, making a high of $1774 despite the U.S. Fed rate hike and negative GDP report. While ETH price is moving sideways with the fundamentals staying strong, crypto expert Raoul Pal asserts the Ethereum rally will continue over the $2000 level as hedge funds, retail and institutional investors look to jump in.
Bitcoin and the cryptocurrency market bounced back strongly last month in July after a severe correction during the second quarter. Trading currently at $23,300 levels, Bitcoin registered close to 20% gains last month. However, the bigger question here is where is Bitcoin heading up from here onwards. On-chain data provider Santiment reports: Bitcoin jumped +18% in July after @santimentfeed‘s NVT model’s growing #bullish divergence in May & June finally...
Bitcoin’s mining industry has taken a severe hit in 2022. Given factors such as massive price corrections, inflation, etc., many miners have even exited the Bitcoin network. Why? Well, mainly to make ends meet. Now, many have raised concerning questions about the profitability of this industry. But, where’s the answer?