Optimism loses 20M tokens after L1 and L2 confusion exploited

[ad_1] The honeymoon period for the Optimism layer-2 scaling solution has been cut short, as an exploit in its market maker’s smart contract led to the loss of 20 million OP tokens.The exploit took place on May 26 but has only just been reported to the community. One million tokens valued at about $1.3 million were sold on Sunday. An additional 1 million tokens valued at about $730,000 were transferred

More Than 4M Sweatcoin Crypto Wallets Created Since the Launch of SWEAT Token in April

[ad_1] SWEAT crypto token was launched on April 12, 2020 and it has seen the creation of over 4 million sweat crypto wallets through mobile applications since it was launched. This total number of wallets represents an allocation of over 860 million sweatcoins. These sweatcoins will be matched with SWEAT at the token generation event in July. The concept behind Sweatcoin's new 'move-to-earn' crypto token is unique as it allows

Stepn, A ‘Move-To-Earn’ Application Suffers Cyber Attack After Upgrade

[ad_1] Stepn, a “move-to-earn” application hosted on the Solana blockchain, suffered multiple distributed denial of service (DDOS) attacks after the cryptocurrency outfit updated its system. Stepn, known for giving users cryptocurrency rewards for walking or jogging, recommended that its users “get some rest” while it worked to secure its servers and recover from the various attacks. The outage now experienced by Stepn holders follows an “anti-cheating” upgrade made on the

Traders target $1,400 Ethereum price after ETH drops closer to a critical support level

[ad_1] On June 8, the Ethereum network successfully underwent the merge to become proof-of-stake on its Ropsten testnet, but the news had little impact on ETH price. With the Ropsten upgrade now looking more like a “buy the rumor, sell the news” type of event, most analysts have kept a short-term bearish outlook for Ether price. Let's take a look.ETH/USDT 1-day chart. Source: TradingViewCan Ether escape the head-and-shoulders pattern?Pseudonymous Twitter analyst "Cactus" pointed out a

Digital assets still make a lot of sense, says Codex co-founder

[ad_1] Co-founder and chief evangelist officer for Codex Alex Gordon-Brander spoke to Cointelegraph about his Bitcoin story, the real-world use cases for crypto and the economic downturn during a World Economic Forum interview in Davos, Switzerland. Standing curbside in front of Davos’ “Crypto House” at dusk, where Gordon-Brander had just finished demonstrating Codex’s capabilities during a crypto panel, the co-founder shared an upbeat outlook on crypto. A long-serving crypto enthusiast and

Bitcoin bears have plenty of reasons to hold BTC price below $32,000

[ad_1] Since May 10, the Bitcoin (BTC) chart shows a relatively tight range of price movement and the cryptocurrency has failed to break the $32,000 resistance on multiple occasions.BTC-USD 12-hour price at Coinbase. Source: TradingViewThe choppy trading partially reflects the uncertainty of the stock market as the S&P 500 Index ranged from 3,900 to 4,180 in the same period. On one side, there has been economic growth in the Eurozone

Wall Street sends BTC price to $30.8K as latest US dollar uptick fails

[ad_1] Bitcoin (BTC) showed strength at the June 8 Wall Street open as impatient traders waited for a trend to emerge.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin still in “no trade zone” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD jumping to near $30,850 after the opening bell, helping claw back some of the ground lost in an overnight correction.Choppy trading conditions prevailed within a familiar range on the day, however,

Working in paradise, Part 1 – Cointelegraph Magazine

[ad_1] Walking into Remote and Digital’s La Casa co-working space on the tropical island of Koh Pha-ngan, you wonder how anybody gets any work done. I sip a cocktail and wait for my burrito as James Brown plays in the background.There’s a real palm tree growing at the edge of the cafe, and behind it sits shallow crystal blue water stretching off for miles, with Koh Samui’s jungle-covered mountains jutting

US central bank digital currency commenters divided on benefits, unified in confusion

[ad_1] In January, the United States Federal Reserve Board of Governors released a discussion paper on a potential U.S. central bank digital currency (CBDC) titled “Money and Payments: The U.S. Dollar in the Age of Digital Transformation.” The comment period for the paper ended May 20, with the Fed receiving over 2,000 pages of comments from individuals alongside responses from leading stakeholders.Cointelegraph read a selection of shareholder responses to the

Ethereum ‘double Doji’ pattern hints at a 50% ETH price rally by September

[ad_1] Ethereum's native token, Ether (ETH), looks poised to undergo a sharp upside retracement in the coming weeks after painting a so-called "double Doji" pattern, accompanied by a few bullish technical indicators.Ether strong support confluence meets DojisTo recap, a Doji is a candlestick that forms when a financial instrument opens and closes around the same level on a specified timeframe, be it hourly, daily or weekly. From a technical perspective,