Day: October 20, 2022
The BitBTC bridge reportedly had a bug that would essentially allow an attacker to mint fake tokens on one side of the bridge and swap them for real ones on the other. 949 Total views 16 Total shares A cross-chain bridge between BitBTC and the Ethereum layer-2 network Optimism has been able to avoid a […]
A crypto bill that industry advocates previously said would “kill DeFi” has seen an updated draft released online, with one commentator saying the U.S. is “finally getting their act together.” 1188 Total views 31 Total shares A new draft of the Digital Commodities Consumer Protection Act (DCCPA) bill has started to circulate online, with some […]
The senior commodity strategist is bullish on Bitcoin, revealing on Oct. 18 that its relative discount to hash rate has hit levels not seen since the first quarter of 2020. Bloomberg Intelligence senior commodity strategist Mike McGlone says Bitcoin’s (BTC’s) relative discount to its high hash rate in October — the largest since the first quarter […]
Web3 security firm Supremacy highlighted Etherscan transaction history that showed the hacker(s) were able to swipe 204 ETH in gas fees so far, worth roughly $259,800. 376 Total views 4 Total shares A bug in the smart contract code for the Ethereum Alarm Clock service has reportedly been exploited, with nearly $260,000 said to have […]
The past eighty days have been moderately bearish for cryptocurrencies as the altcoin market capitalization declined by 16%. The downside movement can be partially explained by the United States Federal Reserve’s quantitative tightening, rising interest rates and the halting of asset purchases. Although they are aimed at curbing inflationary pressure, the policy also increases borrowing […]
