Like Bitcoin BTC$75,786.31 As this year’s flagship Bitcoin conference in Las Vegas approaches next week, traders will be on the lookout for a familiar pattern, a potential “news sell” event that has played out in previous years. The largest cryptocurrency is trading around $75,000, recovering from a local low of around $60,000 in early February […]
BTC price faces sell-off risk after rebound Read More »
Bitcoin BTC$75,957.68 held above $76,000 on Monday, rebounding from overnight lows as the broader crypto market remained steady despite Iran war risks. The largest cryptocurrency has climbed about 2.4% over the past 24 hours, recovering from a fall below $74,000 earlier in the session. Ether (ETH), Bitcoin (BTC) price on Monday, April 20 (CoinDesk) This
BTC bounces above $76,000 as DeFi suffers $14 billion exodus after major hack Read More »
The Kelp DAO and LayerZero bridge exploit that occurred over the weekend has left lending protocol Aave facing potential losses of up to $230 million, depending on how the situation is resolved. The incident, according to a report from Aave Labs and service provider LlamaRisk posted on the Aave governance forum, centers on rsETH, a
Less than three weeks after hackers linked to North Korea used social engineering to hit cryptocurrency trading firm Drift, hackers linked to the nation appear to have pulled off another major exploit with Kelp. The attack on Kelp, a restoration protocol tied to LayerZero’s cross-chain infrastructure, suggests an evolution in how North Korea-linked hackers operate,
North Korea’s crypto hacking playbook expands and DeFi continues to be hit Read More »
Crypto heads into the new week with its Friday rally on shakier ground. The reported reopening of the Strait of Hormuz sent oil lower and pushed risk assets higher, including bitcoin and the broader crypto market. The opening reversed on Saturday, with Iran firing on ships trying to pass and the United States seizing an
CoinDesk Indices presents its daily market update, highlighting the performance of the leaders and laggards of the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 2085.29, down 3.6% (-78.65) since 4 p.m. ET on Friday. None of the 20 assets are trading higher. Leaders: BNB (-2.3%) and BTC (-2.5%). Lagging behind: AAVE (-22.9%)
Bitcoin (BTC) Price Falls 2.5% as All Assets Decline Read More »
Work on global standards for stablecoins has slowed over the past year, raising concerns among central bankers that oversight gaps could divide markets and amplify risks. Bank of England Governor Andrew Bailey, who chairs the Financial Stability Board, said progress on international rules had stalled, Reuters reported last week. This is a concern, Bank for
Global stablecoin rules slow as BIS calls for cooperation to avoid fragmentation risks Read More »
The popular Spiderman meme showing three identical superheroes pointing fingers at each other is now having its crypto moment. Kelp DAO is set to push back on LayerZero’s post-mortem on Sunday’s $290 million exploit, which essentially blames Kelp, an L2 source familiar with the matter told CoinDesk. Kelp plans to challenge the cross-chain messaging company’s
Kelp DAO hits back at LayerZero for trying to shift blame after massive exploit Read More »
Blockchain detective ZachXBT wrote on Sunday that the team behind RaveDAO at least knows who manipulated the price of its token, which saw an impossible 11,000% surge followed by an almost immediate collapse. “I found suspicious CEX (centralized crypto exchanges) activity on April 26 related to RaveDAO team addresses on-chain, which potentially contradicts their recent
RaveDAO accused by ZachXBT of links to “suspicious” crypto exchange activity Read More »
Global liquidity is expected to deteriorate sharply, according to Russell Thompson, chief investment officer at crypto asset manager Hilbert Group (HILB), who said even a quick geopolitical resolution in Iran is unlikely to support a recovery in risk assets without political support. Liquidity conditions have stabilized in parts of the financial sector following the rollout
Bitcoin (BTC) will face near-term pressure as liquidity tightens, says Hilbert Group CIO Read More »
