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View More NewsResolv Labs moved Sunday to reassure users after an exploit hit the issuance mechanics of its USR stablecoin, knocking the token off its dollar peg and prompting decentralized finance (DeFi) protocols with exposure to move quickly to contain any fallout.Cointelegraph reported earlier Sunday that an attacker exploited USR’s minting mechanics, creating tens of millions of unbacked tokens and dumping them through DeFi pools, which broke the stablecoin’s peg and prompted Resolv to pause protocol functions as it assessed the damage.The token dropped as low as $0.14 (86% below its intended $1 price) after the exploit before rebounding to $0.42 at…
Ethereum’s native token, Ether (ETH), may rise by around 25% in the coming months as its richest whale group becomes profitable for the first time since early February.Key takeaways:ETH gained 25% in three months and 50% in six months on average after top whales returned to profit in past cycles.Ether could rally above $2,750 by June if the on-chain whale metric signal plays out.Whale metric signals ETH is bottoming alreadyThe unrealized profit ratio of wallets holding more than 100,000 ETH has flipped back above zero, according to data resource CryptoQuant. In other words, this whale cohort is no longer sitting…
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Iran has never confined its interference in other countries to the Middle East, nor have its activities been restricted to attacks on Israel. Long before the horrors of 7 October 2023, Argentina had already become a target of the Islamic Republic.On 17 March 1992, a suicide bomber drove a Ford F-100 pickup truck packed with explosives into the Israeli embassy in the Retiro neighbourhood of Buenos Aires. The blast destroyed the embassy building and surrounding structures, including a Catholic church and a school, killing 29 people and injuring more than 200. The victims included both Israeli embassy staff and Argentine…
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A long-dormant Bitcoin whale wallet has reactivated after 13 years and seven months of inactivity, shifting 0.00079 BTC ($56), a tiny fraction of a…
After a strong start to the week, Bitcoin (BTC) is down nearly 5%, alongside the S&P 500, DOW, Nasdaq, and Gold. Crude oil, on…
While it isn’t clear whether the trader will offload the $148 million worth of Bitcoin, whales have been partially blamed for causing considerable sell-side…
Bitcoin’s RSI is nearing a key level, with analysts saying a higher low is needed to support a potential continuation in BTC price.Bitcoin (BTC)…
The U.S. Securities and Exchange Commission (SEC) ended its civil enforcement action against BitClout founder Nader Al-Naji and several related defendants, saying the decision…
South Korea’s National Police Agency (KNPA) has reportedly drafted new guidelines for handling seized cryptocurrencies, including privacy-focused assets, as authorities move to standardize how…
While How to Fix the Internet is on hiatus, we wanted to share a great conversation with you from last week. EFF Executive Director…
A police officer in Davie, Florida, arrested Demarquize Dawson because the frame around his rental car’s license plate covered the first “S” in the…
Bitcoin BTC$74,074.35 briefly touched $75,912 early Tuesday before pulling back to $74,372, but the intraday volatility is less interesting than the weekly picture beneath…
Blockchain data provider Messari has announced a series of layoffs on Monday as its CEO, Eric Turner, stepped down to make way for the…
In brief Bitcoin surged to $74,157 on Monday as the U.S.-Iran conflict heightened geopolitical uncertainty. The exhaustion of selling pressure, conviction from long-term holders,…
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