AscendEX suffers a $80M loss after the ERC-20, BSC, and Polygon hot wallet compromise

A hot wallet compromise at crypto trading platform AscendEX resulted in a $77.7 million loss, allowing hackers to access and transfer tokens hosted on the Ethereum, Binance Smart Chain, and Polygon blockchains. AscendEX proactively warned its users about the stolen funds shortly after the discovery, confirming that the hackers were unable to access the company’s […]

Bitcoin Below $9K as Us-China Tensions Dent Risk Sentiment

Bitcoin Below $9K as U.S.-China Tensions Dent Risk Sentiment

Bitcoin sold off again at $9,000, as investors expected the launch of a new U.S.- China trade war on top of the market-shattering coronavirus pandemic. The cryptocurrency benchmark dropped 3.09 percent on Monday, a day after it peaked at $9,203, to hit its intraday low at $8,633 in early trading; The downhill step reflected the […]

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

Bitcoin Price Shows All 3 Key Signs of a Classic Bull Trap

The price of Bitcoin increased over a 24-hour span by more than 10 percent, rising from $7,020 to $7,770 on both spot and futures exchanges. But, BTC shows all three signs that the upsurge was a trap for bulls. Before the rebound, negative futures funding levels, Bitcoin altcoins struggling to run front. And the BTC […]

Bitfinex Made a $1.1Billion BTC Trade for Just $0.68

Bitfinex traded 161,500 Bitcoin (BTC) on April 10 for a price of just 0.00010019 BTC i.e. approximately $0.68 and the crypto community noticed it. According to reports of the blockchain transaction. At the time of the press, the customer exchanged around $1.1 billion in the cryptocurrency. For that number, 15,000 BTC sent to a wallet. While the […]