Category: ethereum
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Polter hit by flash loan attack, man gets 24 years for scam: Crypto-Sec
Crypto-Sec is Cointelegraph’s bi-weekly round-up of crypto and cybersecurity stories and tips. Polter Finance drained in “classic” flash loan attack Fantom-based decentralized finance (DeFi) protocol Polter Finance was drained of over $7 million through a “classic” flash loan attack on Nov. 18, according to blockchain analyst Nick Franklin. The attacker artificially increased the price of…
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What is a crypto airdrop, and how does it work?
Key takeaways Crypto airdrops are like surprise gifts, where users receive free tokens. New blockchain projects often give them out to promote their coins, similar to free samples in a store. To participate in an airdrop, users might need to follow a project on social media or join their community. The project team decides the…
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‘More brutal than I expected’ — Lyn Alden on ETH/BTC post-election low
Macroeconomist Lyn Alden, who has admitted she isn’t a big fan of Ethereum, said she was surprised by the cryptocurrency’s weak performance against Bitcoin after a presidential election outcome she expected to be more favorable for Ethereum. “I’ve been kind of a polite long-term Ethereum bear, but the post-election new low in ETHBTC is even…
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Hodler’s Digest, Nov. 10 – 16 – Cointelegraph Magazine
Top Stories of The Week Bitcoin will not fall to $60K with no ‘threats in the near-term’ — Michael Saylor MicroStrategy founder and Bitcoin bull Michael Saylor has ruled out the chances of Bitcoin retracing to $60,000 — a crucial price level for the majority of 2024. “I don’t think it is going to $60,000,…
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Ethereum ‘dying a slow death’ as ETH breaks 8-year trend vs. Bitcoin
Ethereum’s native token, Ether (ETH), recently slipped below its longest-serving support level against Bitcoin (BTC), leading top analysts to conclude that it is “dying a slow death.” Ether breaks support that once prompted a 1,800% rebound Notably, the ETH/BTC pair broke below the ascending trendline support that has coincided with its market bottoms since 2016.…
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Ethena adopts fee-sharing proposal for ENA token
The Ethena Foundation signed off on Wintermute’s proposal to share a portion of the decentralized finance (DeFi) protocol’s revenues with tokenholders, according to Wintermute’s governance forum. On Nov. 6, Wintermute, a cryptocurrency market maker, proposed allocating a portion of Ethena’s fee revenue to stakers of ENA (ENA), Ethena’s native token. “The Ethena Foundation is pleased…
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Consensys pushes back against regulatory ‘gaslighting’ with new sovereignty platform
The founder of Ethereum software solutions provider Consensys, Joseph Lubin, announced the launch of a new project called Network State where people can declare their “personal sovereignty.” “We’re on the verge of a paradigm shift that will be heard around the world,” said the Ethereum co-founder in a post on X unveiling the new platform…
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Crypto lawyers weigh in – Cointelegraph Magazine
Each month, our panel of crypto lawyers looks at the legal implications of some of the thorniest problems facing the industry in different jurisdictions around the world. United States authorities have recently charged 18 individuals with cryptocurrency market manipulation following a Federal Bureau of Investigation (FBI) sting operation, in which law agents created a token…
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Tap and Pay crypto coming to Coinbase Wallet, L2 interoperability in months
Coinbase Wallet will soon roll out a “Tap to Pay” crypto solution to compete against Cash App, Venmo, PayPal and other fast payment firms. Speaking to Cointelegraph, Coinbase Wallet lead and Base founder Jesse Pollak revealed the feature for Coinbase’s non-custodial cryptocurrency wallet in “internal alpha right now,” with a full rollout “coming very soon.” …
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Bitwise to expand business with ETH staking service acquisition
Bitwise Asset Management, known for its spot Bitcoin exchange-traded funds (ETFs), is expanding into Ethereum staking through its acquisition of staking service provider Attestant, Bloomberg reported on Nov. 13. According to Bloomberg, Bitwise acquired Attestant to expand beyond its core businesses in the crypto space. Attestant handles $3.7 billion in assets for institutions outside the…
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Ethereum funding rate hits 8-month high — Is an ETH price correction coming?
Ether (ETH) price surged to $3,444 on Nov. 12, its highest level since July. This rally followed Bitcoin (BTC), which hit an all-time high of $89,957 before adjusting to $87,000 on Nov. 12. Traders are now questioning whether excessive leverage in Ether futures could increase the risk of further ETH price correction below $3,200. Ether…
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Coinbase stock breaks $300 for first time since 2021
The crypto exchange is one of the big winners from the United States elections on Nov. 5. 6046 Total views 3 Total shares News COINTELEGRAPH IN YOUR SOCIAL FEED Shares of cryptocurrency exchange Coinbase Inc. (COIN) surged more than 20% on Nov. 11, pushing the stock past $300 for the first time since 2021. United…
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80% of memecoins pumped after Binance listing in 2024
The cryptocurrency exchange Binance saw significant price increases for several memecoins listed on its platform in 2024. On Nov. 11, pseudonymous onchain analyst Ai_9684xtpa posted on X that among the 15 memecoins listed by Binance in 2024, 12 saw significant increases in value after going live on the exchange. Memecoins like Moo deng (MOODENG), Dogwifhat…
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Here’s what happened in crypto today
Today in crypto, the FTX bankruptcy estate has filed a $1.8 billion lawsuit against Binance, CryptoQuant boss Ki Young Ju thinks Bitcoin could end 2024 under $59,000 despite it hitting new highs, and Elon Musk has voiced his support for ending the United States Federal Reserve. FTX bankruptcy estate files $1.8 billion lawsuit against Binance,…