Ang network ng Mixin na DeFi TVL ay bumagsak ng $200M pagkatapos mag-alok ng $20M na bounty sa attacker

The total value of assets locked on Mixin Network sharply declined by more than $200 million two days after the protocol revealed it suffered a breach, according to DeFillama data.  Per the data aggregator dashboard, the decline fell to $150.68 million on Sept. 27 from $351.47 million recorded on Sept. 26.  Pinagmulan: DeFillama  On Sept. 25, Mixin network revealed that its cloud service provider suffered a breach that led to a loss of $200 million. The loss that of Euler Finances $197 million hack, making it the largest crypto loss of this year.  Offers $20M bounty  Mixin Network has offered a $20 million bug bounty to the attacker that stole $200 million from its platform, according to on-chain data.  Sa isang on-chain , Mixin stated that most of the stolen assets belonged to its users, adding:  Noong Setyembre 27 , Mixin revealed that, upon careful assessment of the losses, the outlook appears notably more positive than initially anticipated. “The losses are not as significant as estimated,” the update added.  However, the network failed to provide new information detailing how it arrived at this new estimate. Instead, it hinted at the possibility of reimbursing affected customers, saying:  Mixin strongly advised users to abstain from conducting transactions on their network to

2023-09-28Industriya

U.S. Treasury sanctions Ethereum wallet tied to Sinaloa drug cartel

EthereumU.S. Treasury sanctions Ethereum wallet tied to Sinaloa drug cartel1 minuto ang nakalipasBalita ng Ethereum ng Bitcoin  contributor  The U.S. Treasury Departments Office of Foreign Assets Control (OFAC) added ten individuals, tied to illegal narcotics trading, to its sanctions list on 26 September. One of these individuals owned an Ethereum [ETH] wallet.  The Ethereum wallet with the address “0x9c2” belongs to a man associated with Mexicos Sinaloa drug cartel. The Mexican gang is considered one of the largest drug cartels in the world and is a major supplier of fentanyl in the U.S.  The wallet contains only 0.017 ETH ($27) as of now. However, it has facilitated transactions worth tens of thousands of dollars in stablecoins such as Tether [USDT] and USD Coin [USDC].  The individual owning the Ethereum wallet is a money launderer. According to the authorities, the individual,  reports directly to a Chapitos deputy and operates a money laundering organization that uses virtual currency and wire transfers, among other methods, to transfer proceeds from illicit fentanyl sales in the United States to Sinaloa Cartel leaders in Mexico.  Most of the transactions recorded on the wallet were inbound transfers from Coinbase [COIN] and outbound transfers to Binance [BNB].  The U.S. The Securities and Exchange Commission (SEC) is

2023-09-28Ethereum

Ethereum Foundation Insider Calls Lido A System Threat

Ethereum  Ethereum Foundation Insider Calls Lido A ‘System Threat’  16 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Recent comments by Danny Ryan, often referred to as the beacon chain‘s mastermind, have sent ripples through the Ethereum community. In a candid pakikipanayam, Ryan called out Lido and similar protocols, claiming they pose a systemic threat to Ethereum’s foundational values and its core consensus mechanisms.  The crux of Ryan‘s concern revolves around Lido’s growth. Lido has now amassed nearly one-third of all ETH staked. In the world of consensus mechanisms, surpassing thresholds like one-third or half gives a participant significant influence, potentially enabling them to disrupt consensus in fatal ways. This doesn‘t just signify a potential centralization risk; it could erode Ethereum’s value proposition as a decentralized platform.  Why Lido Is A “Systemic Threat” To Ethereum  Ryan shared a poignant reflection on the broader implications of Lido‘s unchecked growth: “Lido or some similar protocol that short-circuits the economics and essentially forms a cartel, has its own governance token owned by a bunch of VCs, is a systemic threat to Ethereum.” He went on to address the community’s inaction, suggesting that their nonchalance in the face of Lido‘s expansion was a troubling sign for Ethereum’s commitment to decentralization.  He further

2023-09-28Ethereum

Nagdugo ang SHIB na Higit sa $0.000007 Suporta

| Tradingview  A buy signal from the Moving Average Convergence Divergence (MACD) indicator is encouraging traders to consider increasing their exposure to long positions. This call to buy SHIB occurred late last week, with the blue MACD line crossing above the signal line in red.  The Relative Strength Index (RSI) holds above 40, following a rejection from the midline. It must keep moving higher to create a positive divergence with the price trend, which will keep Shiba Inu steady.  If support at $0.000007 in collaboration with the ascending trendline holds, sentiment will improve regarding a SHIB price recovery for gains beyond $0.00001. The first step toward such a climb is to defeat the immediate seller congestion at $0.0000074.  As confidence in the uptrend improves, momentum will also build to boost Shiba Inu through other stronger hurdles at $0.000008, slightly below the 100-day Exponential Moving Average (EMA) (red), $0.000009 marginally above the 200-day EMA (purple) and the ultimate resistance at $0.00001.  Shibarium Protocol Transactions Are Exploding  It is slightly over a month since Shiba Inu developers launched the Ethereum Layer 2 protocol Shibarium mainnet. Although the network started on a rough patch amid safety and scaling concerns its second debut has been nothing but a success.  Based on

2023-09-28Industriya

Ibinahagi ni Bitcoiner na sinubukang i-trade ang kanyang daan patungo sa Alaska ang kanyang nakakapagpakumbaba na karanasan

Tech  Ibinahagi ni Bitcoiner na sinubukang i-trade ang kanyang daan patungo sa Alaska ang kanyang nakakapagpakumbaba na karanasan  8 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  A Bitcoin (BTC) proponents recent attempt to crypto trade his way from New York to Alaska has come to a sudden and bitter end — some 900 miles from his final destination.  Thomas Kralow, a crypto trader and educator, recently set himself the daring task of traveling from one side of the United States to the other, funded solely by trading crypto.  On Aug. 12, Kralow set out from New York with his assistant Ilya and an initial budget of $5,000 cash.  The pair forked out some cash for a dinged-up Mercedes and set up a Starlink antenna on the back of the vehicle — with fast internet being a requirement for quick trades — leaving them with just $2,500 to trade their way to Alaska.  Unfortunately for Kralow, he never made it to his final destination — with his oil-starved vehicle grinding to a permanent halt in Seattle, just 12 days after starting the journey.  Speaking to Cointelegraph, Kralow shared some details of the trip that didnt make it into the six-episode YouTube series where he documented the daily happenings of

2023-09-28Industriya

Sumali si Franklin Templeton sa Race para sa Spot Bitcoin ETF

According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc.  Franklin Templeton, an asset management company, has entered the competition among companies aiming to offer spot Bitcoin ETFs. This was made known through a September 12 filing with the Securities and Exchange Commission (SEC).  According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc., enabling investors to buy and sell the ETF freely.  An exchange-traded fund (ETF) is a financial product that tracks the price of an underlying asset. In this case, a Bitcoin ETF would be backed by Bitcoin, meaning it would mirror Bitcoins price movements. This allows individuals to gain exposure to Bitcoin price fluctuations without direct ownership of the cryptocurrency.  When investors purchase a Bitcoin ETF, they acquire shares of a fund utilizing Bitcoin as its underlying asset. One of the key advantages of the proposed spot Bitcoin ETF is its potential to diversify investment

2023-09-28Industriya

Ang Ethereum-Based Altcoin ay Tahimik na Nagbabawas ng 242% Rally Ngayong Buwan Sa gitna ng Suporta mula sa Crypto Exchange Gate.io

crypto Ethereum  Ang Ethereum-Based Altcoin ay Tahimik na Nagbabawas ng 242% Rally Ngayong Buwan Sa gitna ng Suporta mula sa Crypto Exchange Gate.io  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  One altcoin project has pulled off a more than 240% rally this month and secured a listing by a leading crypto exchange platform.  The Loom Network (LOOM) kicked off September trading at a low of $0.038 and 25 days later soared to a high of $0.13, a 242% percent increase.  LOOM has since retraced slightly and is trading for $0.11 at time of writing.  Amid the strong performance, leading global crypto exchange Gate.io announced this week it was listing LOOM for trading.  The Loom Network is a multichain interoperability platform intended for scaling high-performance decentralized applications (DApps).  The project has integrations into blockchain networks like Bitcoin (BTC), Ethereum (ETH) and Tron (TRX).  LOOM is the token used to secure Loom Networks mainnet, Basechain. Developers can also use the altcoin to pay for hosting their DApps on Basechain. Validators and delegators stake their LOOM tokens to protect the security of the network.  Blockchain analytics platform Santiment recently noticed LOOMs surge and says the token may have more room to run based on several indicators.

2023-09-28Ethereum

Tumaas ang US Durable Goods Orders ng 0.2% noong Agosto kumpara sa -0.5% na inaasahan

Pananalapi  Tumaas ang US Durable Goods Orders ng 0.2% noong Agosto kumpara sa -0.5% na inaasahan  17 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Durable Goods Orders in the US rose modestly in August.  US Dollar Index stays in positive territory, closes in on 106.50.  Durable Goods Orders in the US rose 0.2%, or $0.5 billion, to $284.7 billion in August, the US Census Bureau reported on Wednesday. This reading followed the 5.6% decline (revised from 5.2%) recorded in July and came in better than the market expectation for a decrease of 0.5%.  “Excluding transportation, new orders increased 0.4%,” the press release read. “Excluding defense, new orders decreased 0.7%. Machinery, up four of the last five months, led the increase, $0.2 billion, or 0.5%, to $37.8 billion.”  Market reaksyon  The US Dollar preserves its strength after the data. As of writing, the US Dollar Index was up 0.2% on the day at 106.40.

2023-09-28Industriya

US court plans to approve BlockFis liquidation plan

Judge Michael Kaplan plans to approve BlockFis liquidation plan. Therein, some clients will receive partial compensation in Bitcoin (BTC) or Ethereum (ETH).  Depending on the outcome of BlockFis legal battle with FTX exchange and Three Arrows Capital (3AC) hedge fund, unsecured creditors may receive between 35% and 63% of their funds by the end of 2023. The exact amount of compensation is uncertain and could potentially be affected by up to $1 billion.  According to reports on Sep. 26, Michael Kaplan also said he will reject the objections raised by the U.S. Department of Justice‘s bankruptcy watchdog regarding the termination of BlockFi’s senior management in the liquidation plan.  On Nov. 11, 2022, BlockFi suspended withdrawals following the turmoil in FTX and Alameda Research.  A few days prior, Flory Marques, the platform‘s founder, had reassured clients that their products were functional and the business was free from Sam Bankman-Fried’s companies.  Less than three weeks after suspending withdrawals, BlockFi and eight subsidiaries filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code.  In May 2023, the court permitted BlockFi to return $300 million to customers with funds held in custodial accounts. However, the court did not recognize this amount as the platforms property. After a failed attempt

2023-09-28Industriya

Pinagbawalan ng Major UK Bank ang Crypto Payments

crypto  Pinagbawalan ng Major UK Bank ang Crypto Payments  13 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Alex Dovbnya  Banking giant Chase set to enforce ban on crypto-linked payments within its UK operations  Banking behemoth Chase ay nagpasya to prohibit crypto-linked payments for its clients in the United Kingdom.  This new development has been communicated to customers via email and is part of the banks broader strategy to protect its clients from fraudulent activities and scams associated with crypto assets.  Safeguarding against crypto fraud  According to the email, Chases policy shift is aimed at safeguarding customer funds from the increasing risk of fraud and scams that leverage crypto assets to illicitly obtain substantial sums of money.  Starting from Oct. 16, any payment that is suspected to be related to crypto assets will be declined by the bank.  The bank has cautioned its customers that retrieval of funds is not guaranteed in case the transaction is fraudulent or scam-related.  Young, wealthy, crypto-skeptical  Since its U.K. launch in 2021, Chase has attracted over a million customers, predominantly younger and affluent individuals. The new policy banning crypto-linked payments is unlikely to seriously upset its current customer base.  According to a recent YouGov survey, a significant proportion of Chase‘s client base, mostly financially secure and literate, remains

2023-09-28Industriya
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