Crypto News Archive - Seite 1051 von 1900 - Finanzmittel Info + Krypto + Geld + Gold

11. Juli 2023

Rodeo Finance exploited for the second time in a week, $1.53M lost

Rodeo Finance is an Arbitrum-based decentralized finance (DeFi) protocol.
The hacker manipulated price oracles and executed trades using the manipulated price.
The price of Rodeo Finance’s native token has plunged 54% after the hack.

On July 11, the Arbitrum-powered decentralised finance (DeFi) protocol Rodeo Finance was hacked resulting in the loss of 810 Ether (ETH) worth $1.53 million. The DEX was exploited using a code vulnerability in its Oracle.

Peckshield, a blockchain analytics company, revealed data showing that the exploiter eventually transferred the stolen funds from Arbitrum to Ethereum and exchanged 285 ETH for $unshETH. The ETH was subsequently placed on ETH2 staking by the exploiter. Last but not least, the exploiter used Tornado Cash, a well-known mixer service, to route the stolen ETH.

Time-Weighted Average Price (TWAP) Orcale manipulation

The hacker manipulated the Rodeo’s Time-Weighted Average Price (TWAP) Orcale and tampered with the pricing of the ETH.

The TWAP Oracle is used by DeFi protocols to calculate the average price of assets for a specific time frame to mitigate price fluctuation due to the volatility in the crypto market. However, it is vulnerable to manipulations through artificial skewing of the calculated average prices of assets.

The exploiter first borrowed a large sum of ETH and then artificially manipulated the price to buy the same asset at a deflated price. Later the hacker returned the loan and made a profit based on the low price after the manipulations.

Rodeo’s TVL drops significantly

Besides causing the Rodeo Finance (RDO) token to tumble 54%, the hack has also caused the total value locked (TVL) in Rodeo to drastically fall.

Before the hack, the DeFi protocol had $20 million in TVL, but it has since dropped below $500 after the hack.

This is the second time that Rodeo Finance is being hacked in July 2023. It was hacked again on July 5, 2023, and $89,000 worth of crypto assets were lost due to a vulnerability in its ‘mintProtocolReserves’ function.

The post Rodeo Finance exploited for the second time in a week, $1.53M lost appeared first on CoinJournal.

11. Juli 2023

Shiba Memu presale: Meet the robot meme dog with a touch of AI genius

Shiba Memu is looking to dominate the meme coin sector with a pioneering AI-powered utility token.
The concept behind this robot meme with a touch of AI genius is what could astound the legacy meme coins space.
SHMU presale has raised more than $356k in less than a week.

Talk of meme coins today and what’s likely to pop up in front of you would be the latest Shiba Inu dog meme dubbed Shiba Memu (SHMU).

Granted, Dogecoin (DOGE) and Shiba Inu (SHIB) sit pretty in the upper deck of the market cap ranking, their status as top meme dogs not under immediate threat. But is there a hint of investor focus shifting to a new project that promises to bring the best of two technology worlds together in an explosive marketing powerhouse?

The SHMU presale, which can be accessed here, suggests this scenario could indeed surface.

What is Shiba Memu?

Today’s biggest trends are crypto and artificial intelligence (AI) – and raring to go amid the exuberance is Shiba Memu. So the question one might want to ask is ‘what is Shiba Memu?’

As briefly noted earlier, Shiba Memu is a new, revolutionary meme token that combines the power of blockchain and AI. While the meme token possesses all the attributes of memenomics, it comes loaded with “new tricks” that could see it become an unstoppable marketing powerhouse.

It will run on both ERC20 and Binance Smart Chain networks.

How does Shiba Memu work?

AI tools can do wonders when it comes to tapping into machine learning and natural language processing (NLP), the reason it’s such a hot topic even in the mainstream tech industry.

Shiba Memu taps into this to replace the human effort that traditional meme tokens employ to gain traction. Instead, the whitepaper outlines a self-sufficient marketing platform powered by the native SHMU token.

At the heart of all the marketing will be an AI dashboard accessible and visible to all token holders. It will use NLP and ML as well as sentiment analysis, predictive analytics, image and video recognition and personalization (think of how effective ads marketing has become and tinker with that using an AI-powered dog that’s capable of so much).

Some of the things the meme can achieve include creating marketing strategies, writing own PRs, and promoting itself over and over again. Leveraging AI means the project can outperform tabloid newspapers when it comes to getting content across for the purpose of attracting even more attention.

Other than churning “gazillions” of data and marketing details about the project, the robot meme dog will also monitor its own performance and adjust for optimized output. Engaging with users directly is another strategy of this project, the result of which could be increased visibility and trust in the token and potential uptick in specific demand for SHMU.

Shiba Memu presale

The roadmap for Shiba Memu includes the launch of the above-mentioned AI dashboard in Q1, 2024. The platform will also implement user engagement features such as feedback and integrate social media platforms to boost marketing.

Development of the project will continue throughout the first half of the year, with listing on major exchanges expected in Q3, 2024. These future developments are however preceded by a token presale that will see 85% of total supply of 1 billion SHMU available to early investors.

It’s barely a week into that presale and investors have allocated over $356k into the project, with more than 25.7 million SHMU grabbed. Investors know that participating in the presale is one of the ways to get hold of Shiba Memu at greatly discounted prices.

One major difference between the Shiba Memu presale and similar token sales is that this one is open-ended and is scheduled to last 8 weeks. During this time, SHMU’s price will increase every day at 6pm GMT.

The current presale price is $0.012475 and the next uptick will see it rise to $0.0127. It will double from here every time it increases until it reaches $0.0244.

How do you buy Shiba Memu tokens?

There’s only one way to buy SHMU during the presale – visit the project’s website. The project will go live on both the ERC20 and BSC networks. This means buying is available via ETH, USDT, BNB, and BUSD and one will need to have a supported wallet.

Currently, that’s MetaMask for desktop users and Trust Wallet when buying on a smartphone.

After the presale and when tokens go live, earning SHMU will be possible via providing liquidity on a DEX and get rewarded in transaction fees. Another way to get hands on more of these meme tokens would be through buying on exchanges or staking to earn rewards.

Do you want to know more about Shiba Memu? Click here.

The post Shiba Memu presale: Meet the robot meme dog with a touch of AI genius appeared first on CoinJournal.

11. Juli 2023

Pro delivers a $2 trillion BCH, Solana, Litecoin, Mina, Bitcoin price prediction

An analyst at Standard Chartered delivered a strong Bitcoin prediction.
He expects BTC price to jump to $120,000 in 2024.

Bitcoin price has continued wavering in the past few weeks as investors wait for the next important crypto news and US inflation data. The coin was trading at $30,400, where it has been at in the past two weeks. As a result, the fear and greed index has moved to the neutral point of 56.

Standard Chartered is bullish on Bitcoin

Bitcoin price has jumped by more than 90% in 2023, meaning it has outperformed popular financial assets like the Dow Jones and the Nasdaq 100 indices. It has also done better than gold and other metals.

Now, despite the recent consolidation, some analysts believe that Bitcoin price has more upside in the next few months. The two biggest potential catalysts are the potential for a Bitcoin ETF. Analysts believe that the SEC will accept one or all of the recent proposals by companies like Blackrock and Invesco.

The other potential catalyst for Bitcoin will be the upcoming halving, which will happen in April next year. Historically, Bitcoin tends to rally ahead of the halving event. We can also look at the spectacular performance of Litecoin price since July last year. Litecoin’s halving will happen in August.

Some analysts are bullish about Bitcoin. The most bullish analyst is from Standard Chartered. Two months ago, the analyst said that Bitcoin could surge to $100,000 by the end of 2024. In a note this week, the analyst said that he believes that BTC price could jump to $120,000. The analyst cited the ongoing miner activity, saying:

“It is the equivalent of miners reducing the amount of bitcoins they sell per day to just 180-270 from 900 currently. Over a year, that would reduce miner selling from 328,500 to a range of 65,700-98,550 – a reduction in net BTC supply of roughly 250,000 bitcoins a year.”

‘If Standard Chartered’s Bitcoin prediction is accurate, it means that its market cap could hit over $2.3 trillion by the end of 2024. That’s because BTC has a market cap of over $591 billion.

Altcoins could jump as well

If this Bitcoin’s prediction is accurate, it means that other altcoins will do the same. For example, popular proof-of-work coins like Litecoin and Bitcoin Cash could resume their bullish rally. Litecoin has already jumped by over 134% from its 2022 lows. Bitcoin Cash, which is a Bitcoin’s hard fork, has risen by over 100% in the past few weeks.

These coins are doing well because of their upcoming halving events. Litecoin will go through halving in August while Bitcoin Cash’s will take place in December. These coins will also benefit if the SEC accepts the ETF since more companies will be motivated to launch their ETFs.

Other cryptocurrencies like Compound, Solana, Mina. and Internet Computer (ICP) could benefit because of the close correlation that exists in the crypto industry.

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The post Pro delivers a $2 trillion BCH, Solana, Litecoin, Mina, Bitcoin price prediction appeared first on CoinJournal.

11. Juli 2023

Bitcoin consolidation continues ahead of the US inflation report

Bitcoin forms a possible pennant formation ahead of the US inflation report
The disinflationary process in the US is set to continue
If the dollar takes a hit, Bitcoin may rise above horizontal resistance

Summer trading is usually slow and tricky. Even the cryptocurrency market often consolidates levels longer than the norm.

It is the case with Bitcoin lately. The good news for cryptocurrency fans is that Bitcoin price holds close to the year’s high.

Therefore, one could only ask if this consolidation is a continuation pattern before another leg higher or if sellers put pressure here ahead of the key US inflation report to be released tomorrow.

Like it or not, Bitcoin’s performance is linked to the way the US dollar moves. As such, US economic data is critical for the digital asset’s performance, especially data directly impacting the Federal Reserve’s monetary policy decisions.

June US CPI is expected to show further declines

It should be obvious by now that inflation is cooling in the Western Hemisphere. Not all countries have seen similar trends, but the disinflationary process is in full force.

That is why traders expect the June US CPI report, due for release tomorrow, to show that the annual inflation in the United States dropped to 3.1% from 4% previously. If matched by the actual data, the US dollar will take a hit as the bets of further increases from the Fed will decline dramatically.

Hence, Bitcoin should pop above the horizontal resistance seen at $32k.

Bitcoin chart by TradingView

A possible pennant keeps Bitcoin hodlers optimistic

A pennant is a bullish technical analysis pattern. The market typically rallies after a bullish breakout and travels a distance equal to the distance prior to the pennant’s formation.

In Bitcoin’s case, this is about $6k on top of $31k, so $37k is the logical target.

But that won’t happen unless the US inflation report delivers a positive surprise. More precisely, if the inflation cools down more than expected, the Fed is less likely to raise rates, and so the US dollar should weaken.

The post Bitcoin consolidation continues ahead of the US inflation report appeared first on CoinJournal.

11. Juli 2023

Zuckerberg’s Threads hits 100 million users- What’s in it for Chancer?

Twitter rival Threads has raced to more than 100 million users days after its launch.
Chancer is a predictive markets app built on the blockchain and which seeks to disrupt the betting market.
The $CHANCER presale is gaining upside momentum amid investor exuberance on project’s potential.

Chancer’s presale is gathering fresh momentum, with over 67 million tokens sold and nearly $680k raised so far. This comes as the investor community gets to learn about the potential impact of this blockchain-based predictive markets platform in the global betting industry.

The project is also attracting interest at a time when what would end up as an epic battle in the social media space takes shape.

What’s Threads?

Mark Zuckerberg, the CEO & founder of Meta Platforms (formerly Facebook), recently announced the launch of Threads, a new social media platform touted as the biggest threat to Twitter. Days after the launch, which saw over 30 million sign ups in hours, Threads has hit more than 100 million users.

The rivalry between this Instagram sister app and the Elon Musk-owned platform might just be at the beginning of what could turn into a titanic battle. Already, Musk has labelled Threads a copycat and his lawyers have threatened legal action over allegations that Meta snapped former Twitter employees to gain insider information that it used to create Threads.

Threads has Twitter-like features such as liking posts, commenting, retweeting (reposting), and sharing. There are no direct messages or hashtags. The app however supports 500 characters per thread (more than Twitter), and videos of up to 5 minutes.

Twitter vs. Threads: Who’s your money on?

Statistics show Twitter’s users number less than 370 million, which means Threads could possibly overtake it. It is notable that Twitter had to wait five years to reach 100 million users – something Threads did in four days.

Predictions on the possibility of Threads overtaking Twitter or not are part of the social conversation now. Also not surprising is the fact that some people might have placed wagers on one or the other outcome.

While the Musk vs. Zuckerberg “caged match” type of battle has zero chance of happening, if it ever does, blockchain-based Chancer app could be where most wagers happen due to its completely different approach to betting.

What is Chancer?

Chancer is a new predictive markets platform that looks to tap into the power of blockchain technology to revolutionise the betting industry. While a few crypto projects offer prediction markets products, Chancer is taking a new approach to the industry – one that is tailored towards removing control from traditional bookmakers.

It seeks to replace the centralised approach of legacy betting companies with a decentralised peer-to-peer (P2P) model. The goal, according to the Chancer whitepaper, is to put users in control of the markets (odds, rules, payouts).

Bettors placing wager on any market can play by their own rules and leverage the utility of the native $CHANCER token to benefit from passive income opportunities. Token holders also have a chance to earn passively by staking tokens to bolster network security.

Chancer presale gains fresh momentum

$CHANCER is a Binance Smart Chain token currently in presale. There’s fresh momentum for the token sale as investors poured over $200k in two days to push overall fundraising proceeds to over $676k.

As CoinJournal highlighted in June, Chancer’s unique approach could be very attractive to investors.

Investors who participate in the presale are helping Chancer raise funds to achieve its mission of democratising the betting industry. And it’s likely that investing now while prices of the native token are still low could come with significant future returns.

The platform targets $15 million across 12 presale stages.

A look at the Chancer roadmap

As well as the whitepaper that outlines the technology behind the project and how it works, many people eyeing investments in its token also look at the roadmap. In most cases, a clear roadmap with strategic milestones is critical to a project’s overall success.

Chancer’s roadmap includes the token launch on exchanges in the third quarter of 2023 before further development of the P2P platform in the next quarter. Testnets for the product will then pave the way for the mainnet launch expected in Q1, 2024.

The platform will also integrate Filecoin for file storage and launch its quadratic governance system as it works on achieving true decentralisation.

If you are looking for more details about Chancer before you invest, a good place to start would be here.

The post Zuckerberg’s Threads hits 100 million users- What’s in it for Chancer? appeared first on CoinJournal.