Ripple Network Activity Surges: Potential for Further Growth and Resistance at $0.60
The Ripple network registers an unprecedented level of user activity. A breakout of the critical resistance level of $0.50 could gain further traction The price of Ripple (XRP) is up 20% from its recent local low of May 11. The Ripple Ledger network seems to be attracting an unprecedented level o ...
Alleged Price Manipulation and Backdoor Exposed by White Hacker at El Dorado Exchange
A user nicknamed Res, who described himself as a white hacker, claimed to have uncovered a trick by the El Dorado Exchange project team to eliminate any position. The hacker said on Twitter that he discovered the backdoor and managed to withdraw about $580,000 worth of as ...
Ethereum (ETH) Price Analysis: Short-Term Correction Indicates Potential Bullish Breakout
The Ethereum (ETH) price has been falling since early April, after it deviated above an important long-term resistance level Although the price has yet to recover above that level, wave analysis and short-term price dynamics indicate that ETH will eventually do so. ETH price has fall ...
Terraform Labs Founder Hires Dentons, World’s Largest Law Firm, Amidst Investigation
The founder of Terraform Labs hired the world's largest law firm Dentons to represent the businessman during the investigation by the U.S. Attorney's Office. This is not the first time Do Kwon has used the services of Dentons. Businessman hired company attorneys to challe ...
Bitcoin (BTC) Attempts Bullish Breakout After Bounce from Support
Bitcoin (BTC) pushed back from May 25 support and avoided a bearish breakout. Now the price is trying to make a bullish breakout of the corrective pattern Despite the bullish breakout attempt, it is more likely that BTC will decline again to complete the correction and only then continue the uptr ...
Bearish Signs for Cardano, Algorand, EOS, and DOGE in Cryptocurrency Market
If April was a " bull" month for the cryptocurrency market, then all of May was a "bear, confirming that the market is in correction While there is hope for a bullish reversal in June, bearish formations on these four cryptocurrencies warn that the worst may ...
The Sandbox CEO’s Twitter Account Hacked for Fraudulent Distribution of SAND Tokens
Hackers hacked into a Twitter account belonging to the CEO of The Sandbox meta-universe project to fraudulently distribute native SAND tokens. His access to the account has now been restored. On Friday, May 26, The Sandbox CEO Arthur Madrid reported that his Twitter accou ...
Hackers Steal $7.5 Million in ETH from Jimbo’s Protocol in DeFi Attack
Analysts at PeckShield, a company specializing in the security of cryptocurrency projects, reported on the hack of a service for decentralized finance Jimbo's Protocol. Hackers withdrew 4,090 ETH ($7.5 million). The hack was due to a lack ...
Sandwich Bots: Automated Programs Exploit Cryptoassets, Raising Concerns in the Cryptocurrency Community
Automated programs called "sandwich bots" have made millions of dollars by bypassing profitable orders to buy popular cryptoassets. Successful "sandwich bot" attacks first became widely known in 2021, thanks to a study by Eden Network. With the help of special bots, an ...
Dogecoin’s Long-Term Support Line in Danger: Potential Sharp Drop Ahead
The price of Dogecoin (DOGE) is in danger of breaking the long-term upward support line that has been present on the chart for almost a year A bearish break could trigger a sharp drop in DOGE. However, short-term timeframe indicators indicate that the price will start to bounce first. The Doge ...