Two separate attacks, valued at approximately $44.7 million, have successfully exploited Hedgey Finance’s token infrastructure platform. On April 19, as reported in a blog post by cybersecurity company Cyvers, Arbitrum network user Hedgey experienced a loss of over $42.8 million in ARB tokens due to a security breach. The malicious actor has already transferred some … Read more
According to Tether CEO Paolo Ardoino, the primary function of USDT, the world’s largest stablecoin, is to shield individuals in economies with high inflation from eroding purchasing power. In a conversation only with CryptoMoon, Ardoino revealed that Tether prioritizes extending access to USDT to people without conventional banking services. “[USDT] is a tool that helps … Read more
Ethereum transaction fee fell to a four-month low on the charts This could be a sign of a decline in user activity on the network Based on Santiment’s recent report, Ethereum’s [ETH] transaction fees have dropped to their minimal point since January. At present, the average transaction fee on the Proof-of-stake (PoS) network amounted to … Read more
The unrealized gains of institutional investors and Bitcoin ETF owners are minimal, implying that they may not sell Bitcoins in large quantities soon. Does this mean that the recent dip below $60,000 was the lowest price point for Bitcoin in the short term? Bitcoin ETF holders only up 1.6% in unrealized profit Investors owning between … Read more
It seems that Google is unintentionally advertising a potentially harmful cryptocurrency site. This site leads users to a fraudulent version of a phishing website, which deceitfully steals users’ crypto assets through Google Ads, an advertising platform that allows businesses to display ads on Google search results pages. A report from BleepingComputer states that hackers have … Read more
Whether you’re a fan or not, memecoins are currently very popular in 2024. Despite the potential dangers of jumping on the bandwagon of a new coin, Avalanche founder Emin Gün Sirer is convinced that they contribute value and attract new users to the cryptocurrency market. At Token2049 in Dubai, Ezra Reguerra of CryptoMoon Report had … Read more