XRP Price at Risk of Dropping to $2 as Bearish Chart Pattern Confirms

The price of XRP is experiencing a decline, with a classic bearish pattern signaling more potential downside. This development comes as the digital asset market continues to face volatility and uncertainty. XRP, like other cryptocurrencies, has seen price fluctuations due to various factors such as market sentiment, regulatory developments, and macroeconomic trends. The recent bearish [...]

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Bitcoin Rally Dampened as White House Confirms 104% China Tariffs Is BTC Headed for New Lows?

The recent surge in Bitcoin prices came to a halt as the White House confirmed the imposition of a 10% tariff on $300 billion worth of Chinese goods. This sudden development has raised concerns about the future trajectory of Bitcoin’s value. Will BTC plummet to new lows in response to this news? The cryptocurrency market [...]

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Huobi confirms 20% lay-offs as Justin Sun downplays latest FUD | Invezz

Cryptocurrency exchange Huobi has confirmed planned layoffs at the company as part of the measures being taken to navigate the tough market conditions. The news comes as the native Huobi Token (HT/USD) traded at lows of $4.70, down more than 11% in the past week. Huobi to slash 20% of employees Reuters reported on Friday ... Read more

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ParaSwap confirms it is investigating possible private key exploit

ParaSwap, a decentralized exchange aggregator that provides the best prices over multiple DEXs on the Ethereum blockchain, has today confirmed it is investigating a possible private key hack. The exploit was brought to the attention of ParaSwap early today by Blockchain security firm Supremacy Inc. through a tweet thread.

The Supermacy warning read: “Your deployer address private key may have been compromised (possibly due to Profanity vulnerability). Funds have been stolen on multiple chains.”

In a quick response to the posts by Supermacy ParaSwap team confirmed that it was looking into the issue saying:

“We’re investigating, but the address has no power after the deployment. Just paid the gas and retired. Profanity addresses usually have trailing zeros.”

Supermacy had included an Etherscan link to ParaSwap’s deployer contract address showing that someone accessed the aggregator’s private key and made several transactions on Fantom (FTM/USD), BNB Chain (BNB/USD), and Ethereum (ETH/USD). The transactions show that the hacker only transferred a few hundred dollars in each of the transactions.

While ParaSwap did not confirm the transaction, it did not deny any of the vulnerabilities as stated by Supermacy.

Later after confirming it was investigating the possible attack, ParaSwap in a follow-up tweet reported not finding any sign of an exploit on its deployer address. The tweet read:

“No vulnerability found! We’ll follow up with analysis & an explanation of what’s a deployer address and how we made sure they have no power at all!”

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Elon Musk Says Tesla and Spacex See Significant Inflation Pressure — Confirms He Won’t Sell Crypto – Economics Bitcoin News

Tesla and Spacex CEO Elon Musk has revealed that his two companies are seeing significant inflation pressure in raw materials and logistics. He advised people to own physical things when inflation is high but stressed he will not sell his cryptocurrencies: bitcoin, ether, and dogecoin. Elon Musk Discusses High Inflation The CEO of Tesla and […]

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Gemini Cleared as SEC Closes Investigation, Confirms Winklevoss

The U.S. Securities and Exchange Commission (SEC) has concluded its investigation into Gemini cryptocurrency exchange without taking any enforcement action. The SEC’s decision brings a sense of relief to Gemini and its founders, Cameron and Tyler Winklevoss. Gemini has been under the SEC’s radar for a while, as regulators examined various aspects of the exchange’s [...]

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