Hackers have struck layer 1 blockchain Harmony’s Horizon bridge, stealing $100 million in cryptocurrency. The exploit was revealed in a tweet in the early hours of Friday morning. The Harmony team revealed that it had “identified a theft occurring this morning on the Horizon bridge amounting to approx. $100MM.” It went on to add that the address of the culprit had been identified and that the Harmony team are working with “national authorities and forensic specialists” to retrieve the stolen… Source link

Due to multiple different contributing factors like elevated inflation, the war in Ukraine and rising interest rates, crypto has had another bad start to June. This has seen some of the crypto giants like Bitcoin and Ethereum go down more than 35 per cent, with Bitcoin being at its lowest point in 18 months. Crypto experts all saw the massive drop of stablecoin TerraUSD at the beginning of May, so some analysts would say they predicted this bearish run would come. Crypto analysts and… Source link

MF3d/E+ via Getty Images Thesis Summary Ethereum (ETH-USD) is close to undergoing a historic change in its protocol. The much-awaited “merge” will switch Ethereum’s consensus mechanism to Proof-of-Stake, which should help make the network more efficient. The ETH merge won’t fix all of the network’s problems and comes with its own new issues. However, I believe the merge will ultimately be successful and bullish for ETH, so I am recommending you buy the dip. The Merge: What, When… Source link

It’s said that the ability to upgrade is important. All hail Ethereum as the network awaits the ‘Gray Glacier’ upgrade. In the coming days, the upgrade will be introduced to the mainnet. It is built to further delay the Ice Age (Difficulty Bomb) by roughly 100 days. The Ethereum network will be undergoing the upgrade at block 15,050,000, which is expected to occur on 29 June. Here, it’s important to note that Gray Glacier will not be deployed on any testnet. Binance… Source link

Scaramucci was philosophical about recent crypto debacles, including the collapse of the terraUSD stablecoin (UST) and the luna token that supported it, and the liquidity problems afflicting crypto hedge fund Three Arrows Capital. “I’ve seen those mistakes made several times,” he said. Source link

Ethereum collateral position set a new record as 71,863.47 ETH were liquidated on June 18.  Independent market analyst told his followers that latest Ethereum price rally would make for a clean fakeout.  Analysts believe Ethereum price could plummet to $750 in the bear market, an 85% drop from all-time high.  UPDATE: Ethereum price predictions are mostly bearish as the main altcoin keeps trading between the psychological $1,000 support and a series lower highs… Source link

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Bitcoin (BTC) could have already seen a price bottom or be “really close” to one, analysts believe after eyeing new data this week. In a Twitter thread on June 22, well-known indicator creator David Puell revealed what he argues “looks interesting” about current Bitcoin buying and selling. “High likelihood” bottom is in With many sources calling for BTC/USD to dip to $14,000 or lower, bullish takes on current price action are few and far between. For Puell, however, the dynamics between… Source link

Litecoin price is doing well as cryptocurrencies continue bouncing back. LTC has risen to $55.80, which was the highest point on Monday this week. This price is about 40% above the lowest level this month. This recovery brings its total market cap to about $3.8 billion. Other popular cryptocurrency prices like Bitcoin, Bitcoin Cash, and Chainlink have also bounced back. Litecoin has risen as investors buy the dip. This happened after the coin slipped to a multi-month low of $40.45 during the… Source link

Bitcoin (BTC) was a response to the 2008 global recession. It introduced a new way to transact without depending on trust of third-parties, such as banks, particularly failing banks that were nevertheless bailed out by government at the expense of the public.  “The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust,” Satoshi Nakamoto wrote in 2009.  Bitcoin’s genesis block sums up the intent with the following… Source link