Author: Crypto News Live

Key Takeaways Solend, another Solana DeFi protocol, has been exploited through a price oracle attack for $1.26 million. The attack follows last month’s Mango Markets exploit that saw $100 million stolen. Protocols letting users deposit illiquid tokens as collateral and low liquidity on Solana has made the attacks possible. Share this article Solana’s Mango Markets and Solend have both come under attack in recent weeks. Solana DeFi Attacked AgainAnother Solana DeFi protocol has been exploited. Solend, a lending and borrowing protocol built on Solana, reported that an attacker drained $1.26 million of users’ funds Wednesday. The exploit was due to an oracle…

Tether invested a large portion of profits into BTC. However, BTC miners got skeptical. After the collapse of the Silicon Valley Bank (SVB), Tether’s [USDT] biggest competitor, Circle [USDC], got impacted severely. Due to the FUD caused by this, USDT could capture a large amount of market share in the stablecoins sector. Is your portfolio green? Check out the Bitcoin Profit Calculator A win-win for BTC and USDT? As the overall profits generated by Tether, its parent company, skyrocketed, much of these earnings were allocated to buying U.S. treasury bills. However, there were other avenues where Tether invested. A huge…

Dogecoin could be considered in limbo as sell pressure dies down while the bulls remain on the sidelines. DOGE’s price action was also underpinned by retail accumulation and low demand from whales. Investors that purchased Dogecoin [DOGE] hoping to take advantage of this year’s memecoin craze are nursing losses after it failed to deliver. Let’s explore some potential reasons why and whether this may affect its long-term outlook. Is your portfolio green? Check out the Dogecoin Profit Calculator The world just celebrated Mother’s Day and while this may not necessarily have a direct link to Bitcoin [BTC], it is it…

The Alpha Jack Butcher, of Checks VV and Visualize Value, has announced his newest project. Checks Elements is a 152-piece, generative art collection of hand-drawn monoprints and non-fungible token pairs, which he says explores “the ever-evolving relationship between consensus and truth.” The collection will feature four elements: Earth, Fire, Water, and Air. Three of the four elements will be auctioned off at Christie’s on May 16. Thirty percent of the auction proceeds will be donated to St. Jude Children’s Research Hospital.  Each digital piece will come with a 30” x 42” physical counterpart made by master printmaker Jean Robert Milant.…

Blockchain Biden’s White House might be waging war on crypto, but that hasn’t stopped the US Department of Defense from pushing blockchain boundaries. The Defense Department, or DOD, has just finalized a contract with a six-year-old blockchain startup — a significant step for the industry. Established in 2017, Constellation is a privately backed, founder-led blockchain ecosystem with a keen focus on processing big data. Its infrastructure is pitched to support decentralized data marketplaces and maintain data provenance and integrity. The San Francisco-based firm said Thursday the completion of its “Phase II” DOD contract led to a “well-defined deliverable prototype.” The…

NFT Artizen, a Web3 culture-focused crowdfunding platform, announced Thursday that it has raised $2.2 million to help creators fund projects at the intersection of art, technology, science, and design. Thursday’s raise included participation from leading Web3 funds, including Consensys Mesh, Animoca Brands, and Protocol Labs, as well as from individuals including Blank Street Coffee’s Dan Hill, PleasrDAO’s Matt Condon, and Juan Benet, founder and CEO of Protocol Labs. Beginner’s Luck on Artizen. image: Artizen On Artizen, creators sell so-called Artifacts to fund their projects: unique works of art that live on the Ethereum blockchain and represent the ethos of a…

The following is a guest post by CryptoSlate CEO Nate Whitehill.The internet is entering a new phase of its evolution, transitioning from the static web1 and the interactive web2 to the decentralized web3 era, which promises users greater control, transparency, and peer-to-peer interactions, all fueled by the advent of crypto and decentralized applications.Content monetization is one such area that is seeing substantial innovation through web3 paywalls, which provide content creators with more control and revenue streams and allow users to retain more value and control over their membership. Access Protocol is one of the cutting-edge tools that is revolutionizing content…

Ethereum’s Finality pause caused a decline in active addresses, but they bounced back soon after.  While the outflow trend has reversed, Ethereum has yet to recover fully from its bearish trend. The Ethereum [ETH] blockchain encountered a technical hiccup not too long ago, leading to a halt in the finalization of blocks within the network. However, the issue was resolved after some time, and the network’s Finality was restored. So, how did various key metrics respond to this eventful situation? Read Ethereum’s [ETH] Price Prediction 2023-24 Ethereum: Finality pause and Inactive Leak trigger During 11 – 12 May, a significant…

Amazon is prioritizing using artificial intelligence (AI) to enhance delivery speed by reducing the distance between products and customers. Speaking to CNBC on May 15, Stefano Perego, vice president of customer fulfillment and global operations services for North America and Europe at Amazon, said that artificial intelligence plays a role in various aspects of Amazon’s operations. This includes using AI for transportation, such as mapping and route planning, and considering factors like weather conditions. Additionally, AI assists customers in finding the desired products when searching on Amazon.Currently, Amazon is prioritizing AI to optimize its inventory. Perego emphasized the significance of…

Bitcoin’s realized market capitalization experienced substantial shifts, reaching $389.4 billion, but relative growth showed a diminishing trend across epochs. Despite small recovery attempts, Bitcoin’s current price remains below $27,000, indicating a persistent bearish trend. In the ever-fluctuating realm of Bitcoin[BTC], its market capitalization dances to the tune of price swings. Nevertheless, assessing its cap and gauging its progress or decline can be approached from various angles.  Read Bitcoin (BTC) Price Prediction 2023-24 As per insights from Glassnode, the realized capitalization of BTC witnessed substantial shifts throughout its existence, and here was its present state. Bitcoin epoch 4 realized market cap hits…