South Korean Exchange Gdac loses $13M in a hack | Curated CoinCodeCap #10 April 2023
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South Korean Exchange Gdac loses $13M in a hack
On April 9, a hot wallet attack at the GDAC cryptocurrency platform in South Korea cost the company approximately $13 million.
The exchange has requested that other platforms prevent users from depositing to the account from which the stolen money was withdrawn.
The funds stolen represented about 23% of the exchange’s cryptocurrency assets. Keep Reading »
Bitcoin Miners Will Have Same Rights as Data Centers : New Arkansas Bill
A new Arkansas bill that attempts to prevent “discrimination” against mining for digital assets would classify miners as data centers.
The measure specifies that in order to operate in the state, bitcoin mining operations must abide by state tax and commercial regulations. Keep Reading »
FTX had “extensive deficiencies” in its financial controls, reveals court filings
FTX CEO John Ray III claims the firm relied on “a hodgepodge” of Google documents, shared drives, Slack communications,and Excel spreadsheets to manage its finances
The report alleges that FTX’s leadership regularly lost track of accounts and didn’t bother to cash checks. Keep Reading »
Singapore seeks to develop guidelines for banks with potential crypto clients
Officials in Singapore are working with local financial institutions to create common criteria for vetting clients in the digital asset market.
Authorities would release an updated set of standards over the course of the following two months covering strategies like “diligence” and “risk management” for the crypto clientele. Keep Reading »
Crypto Influencer Evan Luthra exposes an alleged Bitget Scam
The well-known cryptocurrency personality Evan Luthra claims to have lost over $200,000 on the Chinese cryptocurrency exchange Bitget and is now accusing the exchange of cheating its clients.
In Luthra’s Twitter thread, it is claimed that Bitget froze his money and reported it as suspicious behaviour before selling millions of dollars’ worth of coins the following day. Keep Reading »
Hackers exploit Uniswap security flaw for $25.2 million
A sandwich attack on Uniswap, a famous decentralised exchange, recently resulted in a massive theft of $25.2 million from eight different pools.
Attackers exploited a flaw in the Uniswap smart contract, enabling them to complete a number of Deals and ultimately withdraw money from the vulnerable pools. Keep Reading »
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Validator Strikes Back as Ethereum Bot Loses $20M in Cyber Attack
One of the blockchain’s validators attacked one of the main Ethereum MEV algorithms, which resulted in a loss of almost $20 million.
Since September 2022, this has been one of the largest MEV bot attacks that they have come across. Keep Reading »
NFT Market Analysis February 2023
Non-fungible tokens (NFTs) have exploded onto the scene in recent years, with a wide range of industries and individuals taking notice. From digital art and collectibles to music and even real estate, NFTs have disrupted traditional notions of ownership and value.
But with the market becoming increasingly crowded and prices soaring to dizzying heights, many are wondering whether this is just a passing fad or a sustainable trend.
In this article, we’ll take a closer look at the current state of the NFT market and explore the factors driving its growth and potential risks to be aware of. Keep Reading »
Market Updates
MBOX: Game Coin That Lets You Have Fun and Make Money at the Same Time
MBOX is a crypto coin you need if you love playing games on the blockchain. MOBOX is a platform where you can have a blast playing games, collecting and trading NFTs, and making money by using DeFi features. MBOX is an ERC-20 coin that gives you access to all the awesome stuff on the platform. Keep Reading »
Smooth Love Potion(SLP): The Crypto Token That Powers Axie Infinity
Well isn’t the name enchanting? Smooth Love Potion (SLP) is a crypto token in the popular blockchain-based game Axie Infinity. Axie Infinity is a game where players can collect, breed, battle, and digital trade creatures called Axies, represented as non-fungible tokens (NFTs).
SLP is an ERC-20 token that serves as a replacement for experience points in the game. Players can earn SLP by winning battles, completing quests, and participating in events. It can also be bought and sold on crypto exchanges. Keep Reading »
The Wacky Verse of Fun Crypto: Exploring the Playful Coin
Are you tired of traditional cryptocurrencies that are just numbers on a screen? Well, get ready for Fun Crypto! This unique currency offers a new level of entertainment and a serious investment opportunity. So let’s dive into the world of Fun Crypto and explore its origins, profitability, price journey, current price analysis, and Future Potential. Keep Reading »
The Rise of LINA and AGLD: Top 2 Strong Gainers in the Crypto Market
LINA and AGLD, two of the top gainers in the crypto market, have seen an unprecedented surge in value, up 10% and 21% in just one day. As these cryptocurrencies continue to gain popularity, it’s essential to understand their origins, profitability, price journey, current price analysis, and future potential. Keep Reading »
Top 3 Gainers: How ASR, OG and LAZIO are scoring big in the crypto league
In this article, we have looked at three cryptocurrencies that are related to some of the most famous soccer clubs in the world: AS Roma (ASR), Olympique de Marseille (OG), and SS Lazio (LAZIO). These tokens are part of the Socios.com platform, which allows fans to interact with their favorite teams and players, vote on club decisions, access exclusive rewards, and more. Keep Reading »
Top 5 Crypto to Buy in 2023
The cryptocurrency market is one of the most volatile markets in the world, with a lot of uncertainty and risk.
However, it is still one of the best investment opportunities for long-term investors. Experts believe the crypto market will be worth around $200 trillion by 2030.
As of now, Bitcoin is only a fraction of this market, with more money likely to be in altcoins such as Ethereum. There are more than 20000 possible crypto assets to invest in today, and trying to find the best ones can be challenging. These are the top 5 cryptos to buy in 2023. Keep Reading »
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