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Chain.com tokens lose 96% of value in 24 hours due to flash crash before recovery
On Tuesday, tokens of cloud blockchain infrastructure provider Chain.com (XCN) suddenly lost over 90% of their value before recovering most of their losses later in the day. In a post-mortem analysis published by Chain.com, the firm said that a market maker and API error at 1:00 pm SGT (5:00 am UCT) began to cause XCN to drop in large percentiles. As the event took place, corresponding bids became stuck via API orders, causing further downward selling pressure due to low liquidity and margin calls. But by approximately 3:00 pm SGT (7:00 am UCT), developers at Chain.com conferred with exchanges and market participants that the issue was not due to a breach or exploit, and prices began to recover. According to Deepak.eth, CEO of Crypto.com, a single large margin call appears to have ex...
Are Phishing Attacks Targeting Crypto on the Rise?
Image sourced from Shutterstock. Experts at Russian cybersecurity company Kaspersky have taken a close look at the phishing pages aimed at potential crypto investors as well as the malicious files that are distributed under the names of the 20 most popular cryptocurrency wallets. Since the beginning of 2022, Kaspersky products detected and prevented almost 200,000 attempts to steal users’ digital currencies and credentials to their wallets via phishing, according to the company. The number of such attempts almost reached 50,000 in April, which is half of the indicators for the first quarter of 2022. Crypto wallets are the primary target for scamming and malicious activity. With the boom in digital currencies observed over the past five years, Kaspersky has seen various new cybercriminal ta...
Katy Perry Kicks Off New Artist Workout Series for VR Fitness App Supernatural: Exclusive
Supernatural, the subscription-based VR fitness app, is announcing the launch of the Supernatural Artist Series, with new Oculus-ready workouts choreographed to artist playlists, Billboard can exclusively reveal. Katy Perry’s music will kick off the monthly artist series, which will include multiple A-list artists joining the virtual reality app’s music catalog, and launch on June 27. Explore Explore See latest videos, charts and news See latest videos, charts and news “Music has always been an integral part of Supernatural, and since launch we’ve been dreaming of ways to empower our athletes to further connect with music from the artists they love,” says Chris Milk, Supernatural founder and CEO, in a statement to Billboard. “Supernatural uses virtual reality to help people find joy in mov...
Biden highlights cuts to federal deficit, calls out GOP ‘reckless spending’ claims
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Top interest-earning tokens to help you passively make money
CRO’s trading volume saw an increase of 37% in the span of the last 24 hours. NEXO saw an increase in its value by 3% in the last 24 hours. Both of these tokens have the potential for growth and will allow you to make money passively. Cronos (CRO) is the native cryptocurrency token used across the Cronos chain. Through its usage, users can earn an annual interest of up to 10%, which is paid out daily. Nexo (NEXO) is a blockchain-based lending platform that lets users get cryptocurrency-backed loans. This means that those who lock in tokens within the platform can receive interest payments on the funds which have been deposited. On June 7, Cronos launched the Cronos Accelerator program, which powers growth for early-stage projects that are building on the blockchain. Nexo also announce...
Crypto Leaks launches platform that reveals scams and corruption in the crypto space
New York, United States, 14th June, 2022, Chainwire Crypto scams and corruption have persisted for years, affecting many in their wake. Crypto Leaks launched to defend honest crypto communities by exposing big money corruption, attacks and scams. The project’s first two cases uncover the events behind the mysterious price movement and attack on ICP token investors. An instrument called ICP-PERP issued on FTX manipulated the price before launch. Shortly after, the New York Times published an article citing Arkham Intelligence, a bogus organization created for one purpose: to distort the project. The result: Multi-billion losses for crypto holders. The next case is about to come out. Terra Luna has sent a shock wave through the crypto industry, giving speculation about market manipulation a ...
ZED RUN founder envisions user narrative-driven Metaverse
Chris Laurent, the founder of the popular-digital horse racing game ZED RUN, envisions a future where people will spend their free time developing their own unique narratives within the Metaverse. This virtual world will contain a mix of gaming, entertainment and social experiences underneath an overarching storyline, he believes: “My perception of the metaverse isn’t just a meeting of people, it’s coming home after work and not turning on Netflix but seeing what happens to yourself and your friends in some type of storyline that is flexible.” The ZED RUN founder spoke to Cointelegraph following the launch of its first metaverse platform, Human Park, on Monday. It features fully-customizable user avatars and an aesthetically pleasing 3D world built using the Epic Games’ Unreal Engine...
ZED RUN founder envisions user narrative-driven Metaverse
Chris Laurent, the founder of the popular-digital horse racing game ZED RUN, envisions a future where people will spend their free time developing their own unique narratives within the Metaverse. This virtual world will contain a mix of gaming, entertainment and social experiences underneath an overarching storyline, he believes: “My perception of the metaverse isn’t just a meeting of people, it’s coming home after work and not turning on Netflix but seeing what happens to yourself and your friends in some type of storyline that is flexible.” The ZED RUN founder spoke to Cointelegraph following the launch of its first metaverse platform, Human Park, on Monday. It features fully-customizable user avatars and an aesthetically pleasing 3D world built using the Epic Games’ Unreal Engine...
BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion
Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price hits 18-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $20,816, on Bitstamp, its lowest since the week of December 14, 2020. A sell-off that began before the weekend intensified after the June 13 Wall Street opening bell, with Bitcoin and altcoins falling in step with United States equities. The S&P 500 finished the day down 3.9%, while the Nasdaq Composite Index shed 4.7% ahead of key comments from the U.S. Federal Reserve on its anti-inflation policy. The worst of the rout was reserved for crypto, however, and with that, BTC/USD lost 22...
BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion
Bitcoin (BTC) came within $1,000 of its previous cycle all-time highs on June 14 as liquidations mounted across crypto markets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price hits 18-month lows Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $20,816, on Bitstamp, its lowest since the week of December 14, 2020. A sell-off that began before the weekend intensified after the June 13 Wall Street opening bell, with Bitcoin and altcoins falling in step with United States equities. The S&P 500 finished the day down 3.9%, while the Nasdaq Composite Index shed 4.7% ahead of key comments from the U.S. Federal Reserve on its anti-inflation policy. The worst of the rout was reserved for crypto, however, and with that, BTC/USD lost 22...
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday. Since launching its software crypto wallet back in 2015, Exodus has been paying its staff 100% in BTC, Exodus co-founder and CEO JP Richardson told Cointelegraph. The company continued to pay all its 300 employees in BTC even during major market downturns, by providing monthly payroll based on their salary in U.S. dollars. “For example, if Bitcoin is $30,000 per token, and someone makes $15,000 a month, they’ll get half a Bitcoin on the first of that month,” Richardson noted. In addition to converting each salary to BTC each month, Exodus also adds a small percentage to every “paycheck” to account for th...
Taxes of top concern behind Bitcoin salaries, Exodus CEO says
Major cryptocurrency wallet provider Exodus continues paying its employees in Bitcoin (BTC) despite the ongoing bear market, with the total market cap dropping below $1 trillion on Monday. Since launching its software crypto wallet back in 2015, Exodus has been paying its staff 100% in BTC, Exodus co-founder and CEO JP Richardson told Cointelegraph. The company continued to pay all its 300 employees in BTC even during major market downturns, by providing monthly payroll based on their salary in U.S. dollars. “For example, if Bitcoin is $30,000 per token, and someone makes $15,000 a month, they’ll get half a Bitcoin on the first of that month,” Richardson noted. In addition to converting each salary to BTC each month, Exodus also adds a small percentage to every “paycheck” to account for th...
