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Bitcoin didn’t fare too well on Wednesday. After recovering to $10,300 from the weekend’s low of $9,500 — a gain of just over 8% — the price of the leading cryptocurrency fell off a cliff as the day came to a close on Wednesday. In the span of a few hours,
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There’s now a case study for how DeFi can go awry.bZx, the eighth-largest decentralized finance project according to DeFi Pulse, suffered two attacks last weekend following the introduction of “flash loans,” a new DeFi feature that limits a trader’s risk while improving the upside. Led by CEO Tom Bean, the bZx
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Today we're breaking down the flash loan attacks that rocked the DeFi community in a way even your grandpa can understand, presented in both audio and full-text format below.For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or
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Are two recent attacks taking advantage of "flash loans," low liquidity and price oracle issues the first of more to come?Part of what makes decentralized finance, or DeFi, interesting to people is how it takes advantage of open-source protocols to enable types of transactions never before available. The problem, however,
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BitMEX continues to field major criticism and even anger from traders who lost huge amounts of money in a flash crash involving altcoin XRP. The crash, which occurred at 14.00 UTC on Feb. 13, saw XRP/USD fall 60% from $0.33 to just $0.13 — for two seconds.XRP crashes on BitMEX In
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Coinbase, one of the most popular platforms in the United States, missed out on the number one spot in a ranking of crypto exchanges due to a 2019 Bitcoin (BTC) price glitch.The major U.S. crypto exchange and wallet service did not get to the top of the latest CryptoCompare’s
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XRP, the native asset of San Francisco-based Ripple’s XRP Ledger, experienced a flash crash on Hong Kong-based derivatives exchange BitMEX on Thursday.At exactly 14:00 UTC, the price on the XRP/USD pair quickly plummeted from 33 cents to 13 cents, a 60 percent drop. During that minute, volume spiked to $6
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The most recent Bitcoin price drop caused many altcoins to drop heavily, but can one say that they are doing poorly or is it only their USD pairs which are affected? Since a temporary bottom was found at the start of September, altcoins have steadily gained value in their
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ETH price declined heavily and tumbled more than 10% below $185 against the US Dollar.The price is currently correcting higher after it traded close to the $150 level.There is a new major bearish trend line forming with resistance near $182 on the hourly chart of ETH/USD (data feed via Kraken).Bitcoin
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