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Automated market maker protocol Balancer lost over $450,000 in a hacking incident on Sunday.The firm’s co-founder and CTO, Mike McDonald, confirmed that hackers drained at least two of their pools that contained deflationary tokens STA and STONK.He admitted that hackers exploited security vulnerabilities in those tokens to trick their pools
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The Balancer automated market maker protocol has been hacked for over $500,000 in a single Ether (ETH) transaction, facilitated once again by a dYdX flash loan.As analyzed by the 1inch.exchange team a few hours after the incident, a carefully crafted transaction taking more than 8 million gas, or about two
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Bitcoin (BTC) begins a new week in uncertain times after regaining $9,000, but where is BTC/USD headed in the coming days? Cryptox Markets highlights five factors driving Bitcoin price action for the week ahead.Stocks optimism returns with $9KFollowing a major slide on Friday, stocks futures were gaining early on Monday, despite
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Over the weekend Bitcoin price (BTC) dropped below $9,000 for the second time in 7 days but the weekly close was relatively uneventful. As covered by Cryptox, buyers quickly stepped in to buy the dip at the $8,800 support on June 27 and at the time of writing the price
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Prominent angel investor and internet entrepreneur Jason Calacanis says 99% of altcoin projects are “gabage” run by unqualified individuals, but holds out hope for the 1% with the power to change the world. According to a Tweet posted on June 27 by the angel investor behind ridesharing app Uber and crypto
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Hong Kong-based cryptocurrency derivatives exchange BitMEX is launching a new program with benefits for its corporate clients including enhanced security service, and accounting.According to a June 22 announcement on BitMEX’s support page, the exchange is launching a new program for corporate customers, BitMEX Corporate. Accounts on the crypto exchange that
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Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland.Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin in over 60 vending machines around Hong Kong, even those in Hong Kong Disneyland. “When
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The Australian Cyber Security Centre said a group of “state actors” hacked Australian networks on June 19 and one of the vulnerabilities they exploited is related to cryptojacking malware attacks. According to the 48-page report released on June 24, the threat actors exploited four critical vulnerabilities in Telerik UI, including CVE-2019-18935,
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Contrary to popular belief, privacy is not for those with something to hide but with everything to lose. Authoritarian governments across the globe are increasingly using surveillance to control their citizens at the expense of personal freedoms and civil liberties. The privacy of one’s financial transactions is intricately linked to
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Earlier this week on-chain analyst Willy Woo released a new price model for Bitcoin (BTC). The model identifies the start of exponential Bitcoin bull runs based on historical data. According to the model, Bitcoin may be just one month away from an official bull market.Will a BTC bull market begin
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