News

Mekong Testnet Announcement

After scoping the Pectra fork, a successful interop event and four devnets, we're now launching the first short-lived Pectra testnet: Mekong! The Mekong testnet includes all the EIPs proposed for the upcoming Pectra fork on Ethereum. These changes inc...
Read More
Cryptocurrency
7 Nov 2024

Majority of Bitcoin metrics reveal bearish outlook with price just 6% from all-time high

Nine out of nineteen core Bitcoin metrics tracked by CryptoQuant currently suggest a bearish outlook for the top digital asset. Just five are bullish, and the remaining five indicate a neutral position. Bitcoin’s price currently stands at $69,405.59, reflecting a 4% decrease over the past 24 hours but a 2.61% increase over the last seven […]
The post Majority of Bitcoin metrics reveal bearish outlook with price just 6% from all-time high appeared first on CryptoSlate.
Read More
Cryptocurrency
1 Nov 2024

Radiant Capital exploit accounts for half of October’s six-month low $116M crypto crime

October marked a significant decline in crypto-related losses due to exploits, with total losses amounting to approximately $116 million—the lowest monthly losses in the last six months. Most of October’s losses stemmed from exploits, followed by flash loan attacks and exit scams. Exploits accounted for the bulk, totaling $113.3 million, while flash loan and exit […]
The post Radiant Capital exploit accounts for half of October’s six-month low $116M crypto crime appeared first on CryptoSlate.
Read More
Cryptocurrency
1 Nov 2024

Bitcoin falls below $70k causing $289 million in total market liquidations

Bitcoin’s price surged to $72.9k yesterday, nearing its all-time high of $73.7k, before reversing to $69.2k at press time. This volatility led to liquidations totaling $289.93 million in the past 24 hours, affecting 96,574 traders, according to data from Coinglass. Long positions suffered the most, with $259.21 million liquidated, while short positions accounted for $30.72 […]
The post Bitcoin falls below $70k causing $289 million in total market liquidations appeared first on CryptoSlate.
Read More
Cryptocurrency
1 Nov 2024

MakerDAO founder proposes strict deflationary tokenomics amid rebranding process

Rune Christensen, founder of Sky (formerly MakerDAO), has proposed a strictly deflationary approach to the protocol’s governance token as the community prepares to vote on whether to revert its brand or not on Nov. 11. Christensen explained that the proposed changes would affect the governance token supply, whether it continues as SKY or pivots back […]
The post MakerDAO founder proposes strict deflationary tokenomics amid rebranding process appeared first on CryptoSlate.
Read More
Cryptocurrency
1 Nov 2024

SEC crackdown continues with Immutable latest to receive Wells Notice

The SEC has issued a Wells notice to blockchain gaming platform Immutable in what has become a widespread crackdown on crypto companies ahead of the US election. Immutable said in an Oct. 31 blog post that the move is the latest instance of the SEC’s “regulation-by-enforcement” policy targeting the crypto industry. It added that the […]
The post SEC crackdown continues with Immutable latest to receive Wells Notice appeared first on CryptoSlate.
Read More
Cryptocurrency
31 Oct 2024