Tapioca DAO, LayerZero’s decentralized money market protocol, suffered a security breach on October 18, causing the native TAP token to lose more than 90% of its value.Blockchain security company Cyvers revealed that the protocol’s distributor address had been compromised, resulting in an unauthorized change of ownership of the vesting contract.attackAttackers exploited this vulnerability to use the emergency rescue function to withdraw over 21 million TAP tokens. The token was then exchanged for 591 ETH, which caused TAP to crash by 93%.Further investigation revealed that the attackers used Stargate to link some of the stolen assets to the BNB chain. As…
Author: Crypto Flexs
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Cardano has formed a double top pattern on the daily chart, hinting at a bearish reversal. A surge in ADA spot inflows indicates that selling pressure may intensify, pushing prices lower. Cardano (ADA) has underperformed Bitcoin (BTC) over the past seven days, with the altcoin up a modest 0.4%, trading at $0.347 at press time. ADA has shown signs of consolidation over the past 24 hours, with its price fluctuating within a narrow range between $0.339 and $0.35. ADA’s bearish pattern emerges Considering that the daily chart is showing the formation of a double top pattern, the bearish trend around…
lawrence jenga October 18, 2024 02:33 Siemens and NVIDIA leverage digital twins to enhance sustainable manufacturing, reduce emissions, and optimize processes through advanced simulation and real-time data integration. As part of a significant step forward toward sustainable manufacturing, Siemens and NVIDIA are pioneering the use of digital twins to optimize production processes and reduce carbon emissions. According to the NVIDIA blog, this innovative approach is part of a broader effort to improve the sustainability of the manufacturing cycle, from material procurement to end-of-life disposal. Key challenges in sustainable manufacturing Balancing sustainability and profitability remains…
Newcastle upon Tyne, UK, October 18, 2024, Chainwire Today marks the official launch of KERORO, a new meme coin based on the Solana blockchain. This meme coin debuted with a market capitalization of $4.5 million. Positioned in the meme coin market, KERORO is positioning itself as a community-driven project leveraging Solana’s high-speed, low-cost transaction capabilities. KERORO’s vision and mission Inspired by iconic characters known for their charm and cultural influence, KERORO brings fresh and vibrant energy to the cryptocurrency world. Rooted in the Solana blockchain, known for its high performance and efficiency, KURORO is not just a coin. This is…
The recent appeal by U.S. regulators against blockchain payments company Ripple may lead market participants to adopt a more risk-averse approach to XRP in the near term, according to one cryptocurrency analyst.These comments come despite recent filings not directly challenging the ruling that XRP is not a security. The appeal asks the court to review decisions made by Ripple CEO Brad Garlinghouse and co-founder Chris Larsen regarding the sale of Ripple XRP on exchanges and private XRP sales.Legal uncertainty could lead to increased volatility in XRP (XRP) price, analysts believe, potentially causing the asset to fluctuate by nearly 50%.Price forecasts…
Iris Coleman October 18, 2024 03:01 Founded by Hong Kong graduates, Clearbot uses NVIDIA Jetson technology to perform autonomous and efficient waterway cleaning and tackle marine pollution with AI-powered boats. In a revolutionary leap towards sustainable environmental solutions, Clearbot, an AI-based initiative, is making waves by autonomously cleaning our waterways. According to the NVIDIA blog, the startup, co-founded by University of Hong Kong graduates Sidhant Gupta and Utkarsh Goel, is using NVIDIA Jetson technology to power ocean cleaning boats. Initially conceived as a university project, Clearbot has evolved into a sophisticated prototype capable of…
Is Off The Grid the Axie Infinity of this cycle? Or is it something more important? The immense popularity of the early access version has sparked considerable speculation in the cryptocurrency community. Gunzilla Games’ Off The Grid, a free-to-play third-person battle royale game, recently launched in early access on major gaming consoles, and it’s already topped Epic Games’ list of free PC games. Fortnite and Rocket League. Avalanche founder Emil Gun Sirer noted that in the first five days after launch, the game has grown to over 1 million wallets per day and has already recorded 53 million transactions.After years…
Montenegro’s Justice Minister set a deadline for Kwon’s extradition. Do-kwon left behind electronic devices and a key to access his wallet. It is known that the Prime Minister of the Balkan Peninsula has a relationship with Rep. Kwon. Montenegrin Justice Minister Bojan Božović told a local newspaper that Montenegrin authorities had reached a mutual agreement regarding Kwon Do-kwon’s extradition. The destination has not yet been revealed, leaving market watchers and lawmakers speculating between South Korea and the United States (USA). Will Mr. Kwon’s fate be decided soon? The wait is coming to an end as the decision to extradite Montenegro…
Kraken Wallet now offers encrypted iCloud backups for Secret Recovery Phrase (SRP). This feature provides a simple and secure way to store SRP and recover your wallet, helping you always have access to your cryptocurrency assets. Self-custody with peace of mind Kraken Wallet users enjoy the freedom of self-management and full control of their funds. However, with this authority comes the responsibility to protect the SRP. SRP, also known as seed phrase or mnemonic phrase, is a set of randomly generated words permanently associated with a cryptocurrency wallet that allows users to access, restore, or migrate that cryptocurrency wallet. If…
This article is also available in Spanish. that The idea of XRP price reaching $1,000 A user of social media platform While Drewski’s post has reignited the conversation, the $1,000 price target is nothing new, as it has been a goal shared by many XRP investors for years. XRP’s Audacious $1,000 Price Target Drusky’s Comments on XRP Reflects the entire cryptocurrency investor community. In particular, it can be inferred that investors are confident that the combined power of the Ripple community can trigger a historic price surge for XRP. Related Reading Interestingly, XRP’s bullish targets are primarily driven by sentiment…