Cross-chain Orbit Bridge Hit by $82M New Year Hack
It appears that a $81.7 million breach of the bridging service of Orbit Chain was the first of the year’s cyberattacks. Reportedly, just three hours before the new year’s festivities, Orbit Bridge, the bridging service of the cross-chain protocol Orbit Chain, was compromised for $82 million. Pseudonymous Twitter user Kgjr alerted readers to the potential […]
Bloomberg: Crypto-Tech Duo to Dominate Global Markets
Bloomberg’s Jamie Coutts Anticipates Doubling of Tech Sector, Envisioning 20% Crypto Dominance in Global Markets by 2025. Jamie Coutts, an analyst at Bloomberg Intelligence, extols the cryptocurrency and technology sectors in anticipation of a profound transformation in the worldwide equity domain. Coutts, a renowned analyst in his field, emphasizes that by the end of 2025, […]
Key Factors Why Bitcoin Price is Dropping Today
Bitcoin is experiencing a dip, and its near future is uncertain due to miner activities and other potential factors. With the crypto market approaching its conclusion in 2023, investors are left to contemplate the factors contributing to the recent decline in the price of Bitcoin. In the meantime, a chart published on the X platform […]
US District Court Backs SEC Against Terraform Labs
The US District Court rules in favor of the SEC against Terraform Labs, pending a jury trial on fraud allegations and nuanced judgments. Terraform Labs and its erstwhile CEO, Do Kwon, have been found liable in favor of the Securities and Exchange Commission (SEC) by the United States District Court. The ruling above, rendered by […]
PancakeSwap Plans 300M CAKE Token Supply
The $300 million token reduction, valued at $1.074.074 billion, will go into effect on January 4, 2024, if approved. The maximal supply of the ecosystem token CAKE, created by the decentralized exchange (DEX) PancakeSwap developers, is intended to be reduced from 750 million to 450 million. The current market value of CAKE tokens is $3.58 […]