Deal with the devil: Ethereum DeFi protocol negotiates with hacker of $25 millionBTC $7211 (-0.3%) • ETH $183 (+0.1%) • XRP $0.19 (-1%)
It’s been a crazy past 24 hours for users of decentralized finance, also known as “DeFi.” Over this time, devious Ethereum users managed to steal over $25 million worth of cryptocurrency from two separate protocols. The second hack, which accounts for the $25 million, is what this article will be focusing on. As it stands, no one knows who the hacker is or what their intent is — the address that perpetrated the “crime” was created just hours before the hack took place, and no one has been able to tie the address to a person’s identity through exchange data just yet. But, this hasn’t stopped people from reaching out, attempting to make negotiations with the hacker, or, better put, they’re trying to make a deal with the devil. More news ⏬Bitcoin spot volume is telling a bullish tale as analysts eye macro bottomBitcoin’s overnight break above the resistance it was previously facing at $7,200 has allowed the crypto to significantly extend the momentum that was first incurred when BTC dipped below the support it has established at $6,600 earlier this week. PlusToken 2.0? Yet another Bitcoin Ponzi scheme begins to garner millionsUnderneath the noses of the Western crypto world, PlusToken — a “wallet” promising to provide its users with high ‘investment’ returns on their deposits of Bitcoin, Ethereum, and other cryptocurrencies — managed to garner billions of dollars of digital assets. Ethereum: 100% of the “Black Thursday” crash has been recoveredJust minutes ago as of the time of this article’s writing, Ethereum shot higher to $190. While it has since retraced a few dollars from these highs, the cryptocurrency trading at $190 meant that since the weekly lows of $147 established on Apr. 16. Chainlink is “taking a shot” at another breakout as community growth skyrocketsThe aggregated crypto market has seen another notable upswing today, and Chainlink is once again leading the way. Today’s bullish LINK performance comes as the crypto attempts what analysts are describing as another breakout rally that could allow it to begin its journey back up to its early-2020 highs. It’s time for Plan B, Bitcoin: Global government debt doubles in deficit-filled decadeFrom its all-time high of $20,000, Bitcoin has fallen by 65 percent, trading far lower than it did at the end of 2017, at the top of the frothy crypto market bubble that has long since passed. Ethereum large transaction volume rockets on heels of report about institutional inflowsEthereum has been one of the best performing cryptocurrencies throughout the past few days, with its recent upswing allowing it to put some significant distance between its current price levels and its recent lows. Cardano’s (ADA) Shelley mainnet launch explained in the greatest detail yetCharles Hoskinson, the CEO of IOHK, took to YouTube to provide a detailed explanation of how the launch of the Shelley era of Cardano will go down, diving deep into the two years of work and the million lines of code that will bring about the blockchain’s staking era. Shelley will launch in phases, first […] What else?📈 Here’s why crypto funds are seeing massive inflows of institutional money ⛷ This “dry powder” could spark the crypto market’s next parabolic rally when lit Featured sponsors🎬 ChainFlix - ChainFlix is a revolutionary blockchain-based P2P video streaming platform that allows viewers, content creators, and enhancers to monetize their time, contents, and efforts. 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Deal with the devil: Ethereum DeFi protocol negotiates with hacker of $25 million