The WOOFi development team acknowledged Arbitrum’s abuse of the swap contract, while assuring users that all other WOO contracts remain secure. According to Cybers Alerts, WOOFi’s smart contract for token exchange was exploited in Arbitrum WooPPV2, resulting in the loss of $8.5 million worth of cryptocurrency. Analysts reported on March 6 in an Analysis conducted by the company also showed that hackers have already used cross-chain bridges to distribute stolen funds to other externally owned accounts on other blockchains. The exact nature of the hack has not yet been revealed, but the WOOFi team stated in a subsequent update that…
Author: Crypto Flexs
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Binance announced the removal of several margin trading pairs starting March 15, 2024 as part of ongoing platform and market optimization. Binance, the world’s leading digital asset exchange, announced the removal of some margin trading pairs. This decision, scheduled to take effect on March 15, 2024, is consistent with the exchange’s ongoing efforts to optimize its products and improve user experience. Binance Margin Trading Pairs Delisted An official notice published on March 6, 2024 details the suspension of certain cross and isolated margin trading pairs. Cross-margin pairs to be delisted include ALICE/BTC, BAL/BTC, BOND/BTC, GNS/BTC, OAX/BTC, and SXP/BNB. Additionally, the…
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XRP price began a downward correction at the $0.6700 resistance. Bulls are currently active above $0.5400 and could target a fresh rally. XRP started a new rise above the $0.600 resistance level. The price is currently trading above $0.550 and the 100 simple moving average (4-hours). A break occurred below the main ascending channel supporting $0.610 on the 4-hours chart of the XRP/USD pair (data source from Kraken). If the price closes above the $0.60 resistance zone, the pair could start a new rally. Support for XRP price return Over the past few days, the price of XRP has moved…
Exploring the NFT creation process is of increasing interest to many individuals today. As the buzz surrounding NFTs grows, more people want to explore this innovative trend and understand how to leverage it. This guide explains the steps to create and utilize NFTs. Understanding Non-Fungible Tokens (NFTs) To begin your journey of creating an NFT, it’s important to understand the basics. NFTs are commonly associated with digital artwork, but their scope extends far beyond simple image files. These tokens can represent a variety of assets, including domain names, game items, event tickets, and more. NFTs are intricately connected to the…
Crypto analyst and trader Ali Martinez predicts that decentralized exchange (DEX) altcoins will soon see a breakthrough. Martinez says 49,400 followers on social media platform “GMX is forming a (reverse) head and shoulders pattern on the daily chart. A sustained daily candlestick close above $60 could trigger a 48.50% bullish breakout sending GMX to $90!” Source: Martinez/X GMX is trading at $56.13 at the time of this writing, down nearly 5% in the last 24 hours. Next is the merchant proposal Smart contract protocol Cardano (ADA) has more upside potential. “Cardano’s upward trend looks healthy! Daily active ADA addresses, transaction…
Asia • March 6, 2024, 3:00 AM EST Cryptocurrency exchange Bitstamp announced on Wednesday that it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a license to operate as a primary payment institution. Receiving in-principle approval ahead of a formal license to operate in Singapore could bring Bitstamp one step closer to offering digital payment token services in Singapore. The exchange said in a press release that it is the first cryptocurrency trading platform with a major presence in the EU to obtain such a license from MAS.“Singapore has been a leader in establishing a regulatory…
Cryptocurrency hackers stole more than $360 million in February, almost double the amount stolen in January. According to cryptocurrency and blockchain security company Peckshield, February’s biggest hack involved a security breach of Playdapp, a Web3 gaming platform that lost $290 million in just four days after being attacked. . Cryptocurrency exchange Fixedfloat also lost (…)
Sahara has raised a $6 million seed round led by Polychain Capital to democratize access to global knowledge capital through AI and blockchain technology. housenewsroomSahara has raised a $6 million seed round led by Polychain Capital to democratize access to global knowledge capital through AI and blockchain technology. We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of specific services explicitly requested by the…
Speculation surrounding the approval of an Ethereum (ETH) spot exchange-traded fund (ETF) has raised expectations among cryptocurrency investors. Following the historic approval and launch of the Bitcoin spot ETF in the United States last January, all eyes were on May 23.rd deadline. In the most recent development, the U.S. Securities and Exchange Commission (SEC) postponed its decision to approve or reject BlackRock’s Ethereum ETF proposal for a second time. Instead, U.S. regulators are now seeking public feedback on investment products based on the second-largest cryptocurrency. BlackRock’s iShares Ethereum Spot ETF has not yet been approved. BlackRock filed for an ETH…