Ethereum Foundation Falls Victim to MEV Bot Attack

Ethereum  Ethereum Foundation Falls Victim to MEV Bot Attack  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum, the second-largest blockchain network, suffered a substantial setback through a sandwich attack, losing over $9K.  This data underscores an increasing problem of sandwich attacks in the crypto sphere, with over $1.3 million lost through such schemes in the past 30 days on the Ethereum chain.  The Sandwich Attack  According to Eigenphis data, on Oct. 9, the Ethereum network experienced a significant sandwich attack by the MEV bot (0x00…6B40), resulting in a profit of approximately $4,060 after factoring in costs.  MEV bots are well-known for extracting miner-extractable value in blockchain transactions.  Various blockchain analysts, including EigenPhi, promptly identified this recent incident. Network data reveals that this sudden attack followed an Ethereum foundation attempt to sell 1.7K Ethereum tokens through Uniswap V3. The foundation aimed to exchange these tokens for 2.738 million USDC via Uniswap.  Data charts illustrate a series of transactions involving multiple tokens such as WETH, USDC, ETH, aUSDC, aWETH, and variable WETH, enabling the attacker to ultimately secure profits. The MEV bot generated approximately 5.616 ETH in revenue during these transactions, accumulating 3.111 ETH after deducting costs after the incident.  At the time of the attack, Ethereum was trading in the

2023-10-11Ethereum

After Buterin, Ethereum Foundation Transfers 1.7K ETH To Uniswap

Ethereum  After Buterin, Ethereum Foundation Transfers 1.7K ETH To Uniswap  Balita ng Ethereum ng Bitcoin  The Ethereum Foundation recently transferred 1,700 ETH to decentralized exchange Uniswap.  The swap has led to a fall of 3% in Ethereums price, which is currently being traded at $1,592.  Ethereum co-founder also transferred 1,000 ETH to Bitstamp a few days ago.  Crypto analytics platform Arkham Intelligences data revealed that the wallet address “0x9eE457023bB3De16D51A003a247BaEaD7fce313D,” belonging to the Ethereum Foundation, swapped 1,700 ETH for 2.738 million USDC on the Uniswap decentralized exchange. However, earlier today, an MEV Bot attacked the Foundation during the transaction, resulting in a significant loss.  The crypto monitoring platform EigenPhi reported that during the transfer, the Foundation encountered a Sandwich attack from MEV Bot, resulting in a loss of $9,101. After accounting for expenses, the MEV Bot managed to secure a profit of $4,060.  At the time of writing, Ethereum is changing hands at $1,592, as per data from CoinMarketCap. Nevertheless, the transaction, made at a rate of $1,611 per Ethereum coin, pushed Ethereums price to drop by 1.45%. Moreover, ETH witnessed a nearly 3% decline, moving from $1,636 down to the $1,591 range on the Bitstamp exchange.  Following the sale, the wallet associated with the Ethereum Foundation now contains 240.68

2023-10-11Ethereum

SHIB Burn Rate Explodes to 100% a Day After Shiba Inu Reached a Major Milestone

Tech  SHIB Burn Rate Explodes to 100% a Day After Shiba Inu Reached a Major Milestone  Balita ng Ethereum ng Bitcoin  Shiba Inus burn rate jumped 100%, with 46 million SHIB removed, making over 41% of its supply burned.  Shibarium achieved one million blocks and gained 1.25 million wallet addresses in less than two months.  SHIBs price has dropped 5% in the past week despite these advancements.

2023-10-11Industriya

Pag-unawa sa $65B Line of Credit: Pangunahing Patotoo sa SBF Trial

Tech  Pag-unawa sa $65B Line of Credit: Pangunahing Patotoo sa SBF Trial  Balita ng Ethereum ng Bitcoin  Alamedas $65 billion line of credit on FTX is a “devastating fact for the defense,” according to Brian Klein.  Sam Bankman-Frieds defense attempted to justify the amount and claimed that SBF thought it was “reasonable” for Alameda to borrow.  Klein stated that even if the jury didnt remember all the financial terms, they would remember the $65 billion.  In the ongoing trial of Sam Bankman-Fried, former CEO of FTX, Gary Wang, former CTO, revealed that Alameda Research has a $65 billion line of credit on FTX. Crypto journalist Laura Shin hosted Sam Enzer, partner at Cahill Gordon and Reindel, and Brian Klein, partner at Waymaker, to discuss Wangs testimony and how it could damage the defense.  Wangs testimony revealed to the court that Bankman-Fried, Nashad Singh, Caroline Ellison, and Wang himself were involved in committing wire fraud. Wang said, “We gave special privileges to Alameda Research on FTX, which allowed it to withdraw unlimited amounts of funds from the platform, and we lied about this to the public.” Singh and Ellison are to testify against SBF in the trial.  Alameda had a $65 billion line of credit, according to Wang‘s testimony.

2023-10-11Industriya

Hinirang ni Gemini ang isang bagong pinuno ng mga operasyon para sa merkado ng India

Tech  Hinirang ni Gemini ang isang bagong pinuno ng mga operasyon para sa merkado ng India  6 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Gemini has appointed a new, experienced head of operations for the Indian market after its $24 million investment.  The company has chosen Sachin Ranglani to lead its expansion in the country. Rangliani joined Gemini as Vice President and India Head in September.  Rangliani previously worked for three years as the vice president of product management for the Indian fintech Paytm. He also gained experience in major tech companies like Uber and Amazon.  Gemini will locate its engineering center in Gurgaon, near the countrys capital Delhi. The Indian team will be responsible for different tasks such as compliance, warehousing, security, and payments.  Currently, the Gurgaon office holds 70 employees, and its expected to reach 100 employees by the end of the year.  The company is also looking to increase its workforce in the country by hiring technical product managers, people operations and talent acquisition staff, finance, engineers, and lawyers.  Gemini said they deeply respect and admire the countrys tradition of engineering excellence and view India as a hotbed for bar-raising technology talent.  They added that the Gurgaon office will be the second largest Gemini engineering hub after

2023-10-11Industriya

Shiba Inus Shibarium and BONE Listed on Prominent Turkish Crypto Platform

crypto  Nakalista ang Shibarium at BONE ng Shiba Inu sa Prominenteng Turkish Crypto Platform  15 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Gamza Khanzadaev  Shibarium and BONE achieve integration and listing within big Turkish crypto platform  Bitcointry, the Turkish-based crypto app, has made a significant move in the digital currency space by integrating various Shiba Inu products into its platform. The headline news is that Bitcointry will now fully support the Shibarium network as part of its ongoing efforts to broaden its ecosystem. Additionally, Shiba Inu enthusiasts will soon be able to trade the BONE token on Bitcointry, as teased by the platform today.  Among other notable additions to Bitcointrys offerings is the MARSWAP token (MSWAPF), a key player in the decentralized finance ecosystem on the Shibarium network. MARSWAP currently holds an impressive 38.18% share of all locked funds on the Shibarium chain, making it the most dominant entity in terms of total value locked (TVL).  This listing marks a significant milestone as MSWAPF becomes the first Shibarium token to be listed on a centralized exchange, effective immediately.  Bitcointry exchange, a centralized cryptocurrency platform established in 2023 and headquartered in Turkey, offers a wide range of coins and trading options for users. The exchange has reported a 24-hour

2023-10-11Industriya

Ang pangingibabaw ng Bitcoin ay umabot sa 3 buwang mataas habang ang hammered altcoins ay may panganib na sumisid

Bitcoin  Ang pangingibabaw ng Bitcoin ay umabot sa 3 buwang mataas habang ang hammered altcoins ay may panganib na sumisid  16 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoin (BTC) ground higher on Oct. 10 after the start of legacy market trading saw “de-risking” take over.  Bitcoins price preserves weekly support  Data from Cointelegraph Markets Pro and TradingView showed BTC price stability returning ahead of the Wall Street open.  Bitcoin bulls had lost their footing as the week began, with BTC/USD heading to $27,300 before reversing to trade near $27,700 at the time of writing.  “Overall theres been a lot of market de-risking into $27.4K—$27.3K,” popular trader Skew sinulat ni in part of X analysis at the time.  “Important area now because losing that level would take prices back to 1W demand. More importantly, around here into tomorrow buyers need to establish price control for a move higher.”  Continuing on the day, Skew noted that derivatives traders controlled trajectory for the time being.  “Better to see what spot market wants later,” he advised.  Some market participants were broadly optimistic, among them Michaël van de Poppe, founder and CEO of trading firm MN Trading.  In his latest X post, van de Poppe described altcoins as being “hammered” by sell pressure, while Bitcoin held

2023-10-11Industriya

May Problema ba ang Cardano (ADA) at Ethereum (ETH) Pagkatapos ng Bitcoin Update na Ito?

Bitcoin Ethereum  May Problema ba ang Cardano (ADA) at Ethereum (ETH) Pagkatapos ng Bitcoin Update na Ito?  Balita ng Ethereum ng Bitcoin  Arman Shirinyan  Whole shape of cryptocurrency market might change if BitVM ends up being successful  The cryptocurrency industry and community are abuzz with the latest Bitcoin update: BitVM. This computing paradigm, designed to express Turing-complete Bitcoin contracts, has the potential to revolutionize the Bitcoin network. What is even more intriguing is that this does not require any changes to the networks consensus rules. Instead of executing computations on Bitcoin, they are merely verified, drawing parallels with optimistic rollups.  This mechanism allows any computable function to be verified on Bitcoin, paving the way for smart contracts on the Bitcoin network. But what does this mean for Ethereum and Cardano, two giants in the smart contract space?  Source: BitVM Whitepaper  Ethereum, once the undisputed leader in the DeFi and NFT sectors, has been experiencing a downturn. The once-thriving DeFi and NFT landscapes have lost their sheen, with users becoming wary due to recurring scams and a perceived lack of innovation since the 2021 bull run. Cardano, on the other hand, has been positioning itself as a more efficient and scalable alternative to Ethereum, but it too faces challenges

2023-10-10Ethereum

ETH Drops To One-Month Low: Whats Ahead For Ethereum?

EthereumAng ETH ay Bumababa sa Isang Buwan: Ano ang Nauuna Para sa Ethereum?7 minuto ang nakalipasBalita ng Ethereum ng Bitcoin  Ethereums recent drop to $1,551 raises concerns.  Ethereums trading volume increased 119% in the past 24 hours.  Ethereum, the second-largest cryptocurrency by market capitalization experienced a significant downturn by hitting $1,551, nearing a seven-month low. This drop comes after a challenging week in which it declined by over 8%. The Ethereum community is reeling from this shock, especially considering that ETH began October by breaking the resistance level of $1,700, only to find itself under intense bearish pressure now.  Adding to it, a prominent crypto data aggregator, Santiment, reported that Ethereum has become a polarizing topic with its price performance—its social dominance hit a seven-month high. At its lowest fee levels of 2023, traders are growing increasingly impatient. Despite this, the trading volume has surged by 119% in the past 24 hours, reaching $7 billion. Some traders view the rising bearish sentiment as a potential sign of an impending turnaround.  Several factors have played a role in this price decline. Ethereums co-founder, Vitalik Buterin, notably conducted significant sell-offs of his holdings. Additionally, the Ethereum Foundation (0x9e…313d) executed a sale of 1.7k ETH on Uniswap at

2023-10-10Ethereum

Ethereum Price Topside Bias: Lumagpas sa $1,665

In the realm of crafting written content, three essential elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity, the yardstick of textual intricacy, measures how intricate the text is. Burstiness, on the other hand, examines the ebb and flow of sentence structures, comparing the diverse range of sentence lengths and complexities. Lastly, predictability quantifies the likelihood of successfully anticipating the next sentence in a given text.  Human authors tend to infuse their writing with burstiness, mixing longer and more intricate sentences with shorter, simpler ones, creating a dynamic reading experience. In contrast, AI-generated sentences tend to follow a more uniform pattern.  For the forthcoming content creation task, I require a substantial infusion of perplexity and burstiness while minimizing predictability. The language of choice for this endeavor is English. Now, lets rework the following text:  The Ethereum price is gradually edging lower, approaching the critical support level of $1,600 against the US dollar. The fate of ETH hangs in the balance, contingent on its ability to surmount the hurdles at $1,650 and $1,665.  Ethereum grapples to maintain its foothold above the pivotal $1,600 support zone. The price currently hovers beneath $1,640, with the 100-hourly Simple Moving Average exerting downward pressure.  Meanwhile, an auspicious development unfolds on

2023-10-10Ethereum
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