Crypto Investing Strategies: The Complete Guide - cyptoranking.com

2024-05-03

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The more you trade, the better your chances! Both worlds believe “we’re not going to go through this traditional thing. This is stupid. There’s a whole bunch of impediments here,” White said. “We’re retesting all the original assumptions.”Web3 Watch: Can you find love on the blockchain? Crypto Investing Strategies: The Complete GuideWhat is Blockchain? Everything You Need To KnowBasics of BTC Mining: How to Mine Bitcoin?What is Distributed Ledger Technology (DLT)? How Does Consensus Algorithm Work in Blockchain Network?A Beginner’s Overview of 8 Blockchain Consensus Mechanisms Source: PixabayDecentralized Finance (DeFi) platform Zunami Protocol has confirmed a price manipulation attack on its “zStables” stablecoin pools on Curve Finance, causing potential losses of over $2.1 million.The attack is the latest among the list of protocols affected by the recent vulnerability in the popular DeFi platform Curve Finance, which drained funds from a number of the protocol’s liquidity pools, exposing $100+ million worth of cryptocurrencies.The hacker in the Zunami Protocol’s exploit apparently took flash loan from balancer, blockchain security firm Ironblocks noted. The attacker, then added liquidity to change the price massively and started trading in Zunami’s exchange.Ironblocks wrote in a Tweet that the liquidity was later removed, which changed the price and finally traded back and returned the flash loan to get 1,1152 ETH.Fellow blockchain security platform PeckShield was quick to report the attack on Twitter, which immediately notified Zunami Protocol to take “necessary actions.”The attack netted the bad actor more than $2.1 million, carried out via price manipulation, “which can be exploited by donation to incorrectly calculate the price,” PeckShield wrote in a Tweet.PeckShield also noted that the stolen funds were sent to coin mixer Tornado Cash, which obscures the transaction path. This further complicates the efforts to track and recover the stolen funds.Curve Finance platform is still struggling to recover millions of dollars lost in an exploit and recently announced a bounty of $1.85 million to anyone who can identify the attacker.Zunami Warns Users to Refrain From Buying StablecoinsFollowing PeckShield’s warning, Zunami confirmed the attack and said that the “collateral remain secure.” The protocol instructed its users to refrain from buying either of the affected tokens – Zunami Ether (zETH) or Zunami USD (UZD) stablecoins – warning that the exploit is still being fixed.Soon after the confirmation of attack from Zunami, both the affected tokens plummeted sharply. UZD dropped 99% to nearly $0, losing its peg, while zETH fell by 89% to a low of $206. UZD is currently trading at $0.0118 at press time, according to CoinGecko.Zunami Protocol, a yield farming aggregator for stablecoin staking, has been promising the highest Annual Percentage Yield (APY) as a decentralized autonomous organization (DAO), with $5 million in Total Value Locked, according to its website.Zunami also promised users to diversify their stablecoin portfolio while avoiding any crashing risk. The price manipulation risk, however, has put a massive dent in Zunami’s reputation.SlowMist Reportedly Warned ZunamiXian Yu, founder of blockchain security platform SlowMist, said that their firm had identified the attack nearly two months before. The Zunami Protocol apparently received warnings from SlowMist, albeit unnoticed until the breach.Yu said that despite repeated warnings sent to the Protocol, “it was an unpleasant communication.”The decentralized nature of the DeFi ecosystem makes it a lucrative target for attackers, stressing on the importance of high security measures and timey actions on such vulnerabilities.Binance Labs Fuels Helio Protocol's Liquid Staking Pivot with $10M Investment in LSDfi Expansion

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Describing the potential of his invention, Benny Giang said: LUNC prices might be reversing despite bearish pressure at lower levels and a rising RSI. Best Litecoin Wallets of 2023A downside break below the $1,550 support might start another strong decline. In the stated case, the price could revisit the $1,465 level. Any more losses may perhaps send Ether toward the $1,420 level. Neutron allows developers to easily build cross-chain applications via Inter-Blockchain Communication Protocol (IBC), providing DeFi dApps with the full economic security of Cosmos Hub.

Despite the DOGE price breakdown, the cryptocurrency still trades inside a longer-term horizontal support level. One of the standout features of OKX Wallet is its integration of Multi-Party Computation (MPC) technology, which enhances security by allowing users to recover their wallet access independently, eliminating the need for traditional seed phrases. Additionally, OKX Wallet’s Smart Account, powered by account abstraction, permits users to execute transactions on multiple blockchains using stablecoins like USDC or USDT while interacting with multiple smart contracts in a single transaction. Halal Cryptocurrency Management-Page 267-Google Books ResultThe news comes nearly one year after OK Group rebranded another part of its business, formerly known as OKEx. In December 2022, OKEx announced its transition to “OKX” to become more than just a centralized crypto exchange and capture decentralized finance, nonfungible tokens and Web3. The exchange was founded by OK Group CEO Star Xu in 2017. In an interview with Blockster, COZ CEO Tyler Adams said, “Through this fusion of blockchain and art, we are showcasing Denver as an inclusive haven for those pushing the boundaries of digital expression, firmly positioning the city as a leader in digital innovation.”

“Otherwise, no one will treat your stablecoin as real dollars. They’ll just think of them as play money, and then they’ll sell them for real dollars, or real stablecoins or real T-bill projects,” Kazemian said. Arbitrum DAO members have until Thursday, Oct. 12 to vote on the proposals. The final sum of the grant requests was around 100 million Arbitrum (ARB), worth around $88 million at current market prices, according to a dashboard from Inspex. The DAO allocated 50 million ARB to the incentives program, so tiebreakers will go to projects whose proposals pass with the largest number of yes votes. Traders Union Has Published Ethereum to USD Price Prediction For The Next 24 Hours“The fundamental reason behind Luna’s collapse was due to the complication of managing the UST peg across centralized and decentralized trading ventures,” Taylor said, as cited by Forbes. “The attacker cleverly chose Curve stableswap (Terra’s stablecoin exchange) to attack the protocol, which imposed the maximum damage and incited panic.” Technical performance issues include scalability problems, latency, and limited transaction throughput.

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