Nexera, a DeFi protocol, recently fell victim to a smart contract security breach that led to the theft of $1.5 million in NXRA tokens. As a result of this incident, the value of the protocol’s native token plummeted by more than 40%. The breach was initially reported by Cyvers, a blockchain security firm, on August
Impact
The recent crypto market crash triggered by the decline of Bitcoin has had a significant impact on altcoins like Cardano. While some may view this as a negative turn of events, others, such as crypto analyst Alan Santana, see it as an opportunity to purchase Cardano at a lower price. Santana’s analysis emphasizes a bullish
Shiba Inu (SHIB) experienced a remarkable surge of 20% on August 6, showcasing its resilience in the volatile cryptocurrency market. Despite facing a significant decline earlier in the week, the meme coin managed to bounce back and reclaim its position as one of the top performers in the industry. The surge in Shiba Inu’s price
The US Securities and Exchange Commission (SEC) has taken a strong stance against Coinbase’s request for additional discovery in their legal dispute. The SEC argues that the vast amount of information sought by Coinbase is largely irrelevant and burdensome. The SEC asserts that the documents requested by Coinbase do not directly relate to the core
Captain Laserhawk; The G.A.M.E. is a groundbreaking collaboration between Ubisoft Labs, Arbitrum Foundation, and Sequence that aims to redefine the gaming experience. Drawing inspiration from the popular Netflix animated series “Captain Laserhawk; A Blood Dragon Remix”, this game introduces players to a transmedia approach that merges gaming with Web3 technologies. By actively involving players in
The Binance CEO, Richard Teng, recently announced that Binance experienced record inflows and one of its highest trading volumes in the face of a jittery market. Amidst the macroeconomic climate and a market downturn on August 5th, Binance saw a net inflow of $1.2 billion in just 24 hours. This information was sourced from DefiLlama’s
Cardano’s evolution is organized into distinct phases called “eras,” each named after notable figures in various fields. These eras serve as milestones for introducing new functionalities through hard forks. The roadmap includes Byron, Shelley, Goguen, Basho, and now Voltaire, with each era bringing unique characteristics to the platform. The upcoming Chang hard fork marks the
The cryptocurrency market recently experienced a significant dip, with the total market capitalization falling below $2 trillion and wiping out $500 billion within a week. Bitcoin dropped below $50,000, and Ethereum saw a 23% decline in just one day, falling below $2,200. However, despite this sharp decline, the total market cap has since rebounded by
The recent cryptocurrency market turmoil has sent shockwaves through the industry, with Bitcoin and Ethereum experiencing significant drops in value, each plummeting over 20% in just 24 hours. This rapid sell-off has left investors reeling and searching for answers as to what triggered such a drastic downturn in the market. At the center of this
In a period marked by a deep plunge in the overall crypto market, Cardano (ADA) has managed to stand out with its resilience and growth in on-chain activity. Despite the global crypto market cap falling to $2.5 trillion from $2.7 trillion in May, Cardano has shown notable progress. The Cardano foundation reports an increase in