BtcTurk cryptocurrency exchange delists Terra Luna Classic (LUNC). Security auditing firm CertiK estimated the financial damage at $90 million. BtcTurk’s unsolicited announcement outraged the LUNC community. Türkiye’s largest cryptocurrency exchange, BtcTurk, suffered a massive cyberattack last weekend. The exchange claimed that one in ten cryptocurrency balances in hot wallets were affected and that LUNC would be delisted. Renowned on-chain detective ZachXBT estimated the total damage at $54.2 million.Hints for further research into missing $90 millionZachXBT counted 1.96 million Avalanche (AVAX) tokens from suspicious cryptocurrency addresses. This address was used to withdraw digital assets from BtcTurk, which were later exchanged for…
Author: Crypto Flexs
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Binance announced the addition of a new contract to its futures copy trading platform. According to Binance, users will be able to trade the TONUSDT USDⓈ-M contract starting June 25, 2024. Binance Futures Copy Trading Information Binance Futures Copy Trading allows users to emulate the trading strategies of experienced traders by copying their portfolio in real time. This is especially useful for beginner traders who want to become familiar with the cryptocurrency market and improve their trading skills. By selecting a lead trader and determining the investment amount, the system automatically replicates trades from the…
Bitcoin (BTC) price hit a six-week low on June 24, then less than 24 hours later, buyers drove the price back above $62,000. BTC/USD daily chart. source: TradingViewAnalyzing the current market structure, celebrity trader Jelle admitted that some buyer interest is returning to the lows, with the $60,000 zone acting as support. “If #Bitcoin can maintain higher lows on lower time frames today, I think it could bounce back to $63,500 before the end of the week,” the analyst wrote on x on June 25. “Not only that, Red Monday and Green Week become a reality.”BTC/USD chart. source: gelJelle also…
The Ethereum Foundation has identified a serious security breach involving its official email system managed through third-party service provider SendPulse. Tim Beiko, a prominent member of the Ethereum Foundation, sent out a warning to social media platform This breach exposed subscribers to phishing attempts designed to mimic official communications from the Foundation. Ethereum Foundation Issues Urgent Fraud Alert The breach was first revealed by Tim Beiko, who posted a warning message to X. “PSA: The mailing list provider used by EF for ‘updates@ethereum.org’ appears to be compromised,” Beiko said. He immediately advised me not to click on any links in…
Ethereum price extended losses below the $3,320 support level. ETH has tested the support level of $3,240 and is currently looking for a significant rise above the resistance level of $3,380. Ethereum extended losses and tested the $3,240 support area. The price is trading below $3,400 and the 100-hour simple moving average. The hourly chart of ETH/USD (data feed via Kraken) shows a major bearish trendline forming with resistance near $3,440. The pair could attempt a significant rally above the $3,380 and $3,400 resistance levels. Ethereum price discovery support Ethereum price has struggled to start a new rally above $3,500.…
Web3 games witnessed nearly $1 billion in investments in April 2024 alone. The industry is growing at a record pace, with countless games being released every quarter. Much of the credit for this success goes to L2 rollup. So what role does rollup play in Web3 gaming infrastructure? Let’s explore.Rollup and Web3 Games1. Expand your game to fit your budgetWeb3 games require high transaction throughput to handle in-game transactions. But transactions must also be processed cheaply. You can’t expect to pay hundreds of dollars for a game to complete basic tasks, especially while the main network is congested. Blockchain Rollup…
Stonks is a sophisticated solution designed for token exchange utilizing an off-chain CoW swap platform. This system allows token swaps to be performed securely without the tokens in balance being managed by a professional token management committee within the DAO framework. Revision 1.0 Lido Finance collaborated with Ackee Blockchain and donated a total of 7 days of engineering time from January 28 to February 5, 2024 to conduct a security review of the Lido Finance protocol. Revision 1.1 A revision review was performed on that commit. 4c51f22. Issues M1, W1, W3, I1, I2, I3 and I4 were fixed as per…
Bankrupt FTX is preparing for creditors to vote on a reorganization plan following the cryptocurrency exchange’s disastrous collapse nearly two years ago.At Tuesday’s bankruptcy hearing, FTX lawyers and creditors discussed the disclosure statement, a document that would give creditors more information to make decisions about the exchange’s plan to reorganize. Judge John Dorsey of the U.S. Bankruptcy Court in Delaware must approve the plan and public statements, and creditors will vote on them before a confirmation hearing scheduled for later this year.FTX released. reorganization plan They said they plan to do it in May. Provides 98% of creditors with at…
Whale trade significantly reducedBitcoin recently experienced a notable price decline, falling below the $63,000 level. This decline is closely tied to a significant decline in large-scale Bitcoin transactions. Santiment reports that over the past two days, transactions exceeding $100,000 have plummeted 42%, from 17,091 to 9,923. This decline in whale activity comes at a critical time, coinciding with a decline in the price of Bitcoin from $64,685 to $62,531.Source: CoinMarketCapmarket sentiment changesChanges in whale behavior reflect broader changes in market sentiment. According to Ki-young Joo (1), CEO of CryptoQuant, whale traders on derivatives exchanges have adopted a risk-off attitude. This…
A Florida lawmaker has introduced a bill authorizing Bitcoin as a means of paying federal taxes. On Tuesday, Republican Rep. Matt Gaetz proposed legislation that would allow U.S. citizens to use Bitcoin (BTC) to settle their federal income tax obligations. Gaetz said a modernized tax system would foster innovation, increase efficiency and maintain America’s leadership in technological advancement. According to an official statement from Gaetz staff, policymakers were inspired to push for new legislation after witnessing first-hand the impact Bitcoin was having on El Salvador. “This is a bold step toward a future where digital currencies play a critical role…