Recently, unknown attackers stole digital assets worth less than $1.6 million from Pike Finance, a decentralized finance protocol. The protocol announced a 20% compensation for the return of funds, and the investigation into the incident continues. USDC vulnerability was revealed by Pike Finance, a decentralized finance (defi) protocol, on May 1 (…)
Author: Crypto Flexs
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Fejiro Hanu, CEO of Nigerian cryptocurrency exchange platform Patricia, recently used his . Hanu denied the growing speculation, emphasizing that the spread of negative news often outstrips positive updates, leading to misunderstandings about the company’s position. In a statement, the CEO highlighted the role of various news outlets and blogs in perpetuating clickbait headlines and misinformation, contributing to the rapid spread of false closure stories. He expressed his dissatisfaction with the way the information was disseminated and apologized to users of the platform, while also affirming his resolve not to succumb to online harassment. Thread:The point I want to make…
Over the past year, the concept of “private blockchain” has become very popular in the broader blockchain technology discussion. Essentially, enough Using public, uncontrolled networks and state machines secured by cryptoeconomics (e.g. proof-of-work, proof-of-stake) to create systems that have tighter control over access permissions and who has permission to modify or read the blockchain state is also possible. it’s possible. It has a small number of users while still maintaining the kinds of partial guarantees of authenticity and decentralization that blockchains provide. These systems have been a major focus of financial institutions, sparking a backlash in part from those who…
Bitcoin price extended losses and stabilized below $60,000. BTC is currently consolidating losses near $58,000 and risks further downside in the near term. Bitcoin extended its losses and traded below $60,000. The price is trading below $59,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major bearish trendline forming at resistance $58,000. The pair may continue to decline as there is a daily close below the $60,000 area. Bitcoin price took a hit. Bitcoin price remained in bearish territory, trading below the $60,500 support level. BTC also settled below…
Bitcoin (BTC) has not seen a “massive futures margin call” as BTC price fell to a two-month low, according to the analysis.in Thread of X (formerly Twitter) On May 2, Checkmate, lead on-chain analyst at blockchain data company Glassnode, revealed a major change in the Bitcoin bull market.Analysis: Derivatives Not “Dominating” in BTC Price SellingBitcoin’s rise to $56,500 on May 1 may have shocked some, but in a broader sense, this bull market decline appears to be cathartic for market health.As Checkmate shows, gradual “deleveraging” across Bitcoin futures has been ongoing since Bitcoin’s latest all-time high in mid-March. He claims…
Bitcoin (BTC) price has seen a significant decline over the past three days, which has pushed BTC below $58,000. Many people think this is the beginning of a bear market, but it is simply a cooling off period. The medium- to long-term outlook for digital assets remains optimistic, and Bitcoin looks set to validate this in the coming weeks. Bitcoin investors are still focused on HODLing. Bitcoin price has fallen significantly over the past 48 hours after being flat for the past few weeks. The decline in the cryptocurrency market shocked investors, with nearly $600 million lost in two days.…
Dogecoin fell 3.2% during Tuesday’s overall market decline. On-chain indicators provide mixed signals as DOGE hits monthly lows. After trading below $0.20 for three weeks, DOGE has seen its volume increase. After a month of intense cryptocurrency market corrections, cryptocurrency bears have suffered heavy losses in Dogecoin (DOGE), resulting in a 33% monthly deficit. With the general cryptocurrency market losing 2% of its market cap this Tuesday, DOGE fell below the $0.14 support level for the first time since March 20, 2024.The support cluster shown in the center at the time helped DOGE hit a new yearly high of $0.22…
Cryptocurrency trading is becoming increasingly popular with more and more people looking to invest and trade digital assets. However, for beginners, the world of cryptocurrency trading can be overwhelming and confusing. One of the most important aspects of trading is understanding the different order types available. In this beginner’s guide to cryptocurrency trading, we’ll look at the different order types and how you can use them to maximize your profits and minimize your losses. Whether you are new to trading or looking to expand your knowledge, this guide will provide you with the essential information you need to get started…
Bitcoin’s market share has fallen slightly, with cryptocurrency analysts speculating it may have peaked as traders shift their focus to altcoins.“Bitcoin’s dominance may have peaked,” Michaël van de Poppe, founder of trading firm MNTrading, argued in a May 1 report. post “There is a high possibility that an altcoin bottom will come,” he explained.“Altcoins are starting to break out of Bitcoin pairs, which means the cycle has started,” he added.A decline in Bitcoin (BTC) dominance could signal to market participants that a potential altcoin market rally is imminent as investors shift capital from Bitcoin to altcoins, which are viewed as…
Share this article MicroStrategy announced development of a decentralized identity solution on the Bitcoin blockchain. The protocol, called MicroStrategy Orange, adopts the Bitcoin Inscription DID method, similar to the Ordinals technology, to manage decentralized identifiers (DIDs) using Unspent Transaction Outputs (UTXOs) for control. Michael Saylor, the company’s co-founder and chairman, unveiled the innovation on May 1 at the Bitcoin For Corporations conference.“The Bitcoin Inscription DID method (did:btc) uses the Bitcoin blockchain solely to store and retrieve DID information. UTXOs on the chain are used to control DIDs. Recording data in a transaction witness improves scalability and verbosity in DID document…