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Bitcoin sinks below $20,000 as crypto meltdown intensifies
Bitcoin Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity crunch. Bloomberg | Bloomberg | Getty Images Bitcoin dropped below $20,000 on Saturday, extending a brutal slide in cryptocurrencies. The price of bitcoin fell more than 6% in 24 hours to $19,149.60, according to Coin Metrics data. The last time bitcoin fell below the $20,000 level was December 2020. Ether, the second-largest token, plunged 7% to $996.2, its lowest level since January 2021. Crypto investors are grappling with aggressive interest rate hikes from the U.S. Federal Reserve and a worsening liquidity […]
Inverse Finance Lost $1.2M in a Flash Loan Oracle Exploit; Details
You are here: Home / News / Crypto Scam / Inverse Finance Lost $1.2M in a Flash Loan Oracle Exploit; Details June 17, 2022 by Vignesh Karunanidhi Inverse Finance was targeted with a flash loan hack merely two months after losing $15.6 million in a price oracle tampering assault. The attackers made off with $1.26 million in Tether (USDT) and Wrapped Bitcoin (wBTC). A flash loan is a sort of crypto loan that is usually acquired and returned in a single transaction, while Inverse Finance is an Ethereum-based decentralized finance (DeFi) system. The most recent vulnerability was manipulating the pricing […]
Bitcoin comes near $20,000 mark that could trigger huge liquidations. It likely hasn’t bottomed yet
Bitcoin Bitcoin comes near $20,000 mark that could trigger huge liquidations. It likely hasn’t bottomed yet | Fortune You need to enable JavaScript to view this site. Read More
Panama’s President Partially Vetoes The Country’s Crypto Bill
Panama is considered one of the most stable economies in Latin America. This is probably one of the reasons its President wants to pass a crypto law that complies with all economic and anti-money laundering regulations to maintain the country’s statu quo. On June 16, Panamanian congressman Gabriel Silva announced on his official Twitter account that President Laurentino Cortizo had vetoed the “Crypto Bill” over fears that it would not comply with specific legal regulations. However, according to Silva, the lawmakers are already studying the veto to make the proper corrections so that the new cryptocurrency law is approved as […]
College hackers in Kenya are converting stolen money to bitcoin
Bitcoin A Kenyan college gang has been hacking into people’s credit cards through email phishing and using the money to buy bitcoin, according to the country’s directorate of criminal investigations (DCI). The gang based its criminal operations in Milimani, an upscale estate in Nakuru, a city located 161 km from the capital Nairobi. Email phishing involves the use of emails as baits to steal card numbers and passwords. “Francis Maina Wambui Alias Nick, 26, and Zellic Alusa, 25, both students at Kenyatta University were arrested during the raid in the company of two young ladies,” DCI says. Five laptops, four […]
Wall Street vet and Bitcoin bull Mike Novogratz says the economy is going to ‘collapse’ and we’re heading into a ‘really fast recession’
Mike Novogratz says the economy is going to collapse | Fortune You need to enable JavaScript to view this site. Read More
