Author: coinadrenaline

zkLend has lost over $9 million worth of Ethereum in a hack. The protocol is demanding the hacker return 90% of the stolen funds or face legal consequences. On Feb. 12, Starknet-based layer2 money-market protocol zkLend officially admitted that it had been hacked. The protocol said their internal team is currently investigating the root cause of the exploit. In the meantime, all withdrawals on the protocol have been paused until further notice. The hack resulted in a loss of more than $9 million worth of Ethereum (ETH). In a recent post addressed to the hacker, whose identity remains unknown, zkLend…

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Bybit has launched a recovery bounty program offering rewards for retrieving stolen cryptocurrency funds. Crypto Exchange Bybit Initiates Recovery Bounty The Dubai-based cryptocurrency exchange, Bybit, has initiated a recovery bounty program following a security breach that compromised ETH valued at over $1.4 billion. The program promises a reward equal to 10% of recovered funds. The […]

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A widely followed analyst is leaning bullish on a memecoin built in the Solana (SOL) ecosystem but with reservations. The analyst pseudonymously known as Credible Crypto tells his 462,900 followers on the social media platform X that the dogwifhat (WIF) memecoin is “quickly approaching attractive levels” for a position that can potentially be held till the end of the current cycle. “The region between $0.20 – $0.50 is a place where I would actually consider blind bidding/buying spot for a longer term hold IF I believed that WIF will one day make a comeback. At these levels, the risk/reward is…

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

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Devcon community, We’re excited to introduce the teams joining us for the Devcon SEA Impact Forum. These areas in the Devcon venue are where you can meet contributors driving important Ethereum projects, explore the ecosystem, and connect with innovators shaping the future of Ethereum. The Impact Forum is designed for knowledge sharing and collaboration. Teams will have dedicated spaces where you can engage directly with them, ask questions about their work, and understand the impact they’re making on Ethereum and its community. Meet the teams at the Impact Forum On site, you’ll be able to find over 50(!) ecosystem teams.…

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The guilty plea is the latest development in one of crypto’s most scandalous fraud schemes that left an $8 billion project bankrupt. Former Executive of Defunct Crypto Firm Safemoon Enters Guilty Plea Thomas “Papa” Smith used to be the chief technology officer at Safemoon, an $8 billion decentralized finance (DeFi) project that went bankrupt in […]

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In today’s dynamic economic landscape, seasoned investors are reevaluating their portfolios and considering the potential of Bitcoin as an alternative to traditional assets like real estate. With a finite supply and transformative growth potential, Bitcoin presents a compelling case for forward-thinking investment strategies.Real Estate: The Illusion of StabilityReal estate has long been regarded as a safe haven for preserving wealth. However, the housing market is not immune to systemic risks such as interest rate hikes, government intervention, and economic downturns. Moreover, property investments often require significant maintenance costs, taxes, and liquidity sacrifices.Bitcoin, in contrast, offers unparalleled portability, resistance to confiscation,…

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The GMCI data suggests that the meme coin rally has cooled off, though meme coins still have a strong lead over Bitcoin and Ethereum. The GMCI Meme Index, which tracks the leading meme coins by market capitalization, is down by approximately 60% since its Dec. highs. Despite this decline, GMCI meme (730 points) still maintains a strong lead over Bitcoin (BTC), currently sitting at 451 points, and Ethereum (ETH) at 199 points. The GMCI 30 Index, which represents a selection of the top 30 crypto assets, is at 287. Source: GMCI Meme The GMCI Meme Index began its rapid ascent…

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Este artículo también está disponible en español. Cardano is trading above key demand levels after a volatile Friday that saw prices react sharply to the Bybit $1.5+ billion hack news. Bybit is a top cryptocurrency exchange. The market-wide panic took prices from local highs to critical demand zones, with Cardano dropping over 7% in less than six hours. Fear spread quickly, driving prices down as investors worried about further downside pressure. However, Bybit’s quick response and assurances have helped restore confidence, preventing a more aggressive selloff. Related Reading Despite the turbulence, Cardano remains above crucial support, suggesting that bulls are…

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