First Mover: Bitcoin Surges to New 2020 High as Harvest Debacle Provides Cost...
This week's $24M exploit of DeFi platform Harvest shows risks as real as rewards in open-beta crypto markets, where investor protection is minimal.
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XMR was a notable mover in crypto markets to start the weekend, as prices rose to their highest level in over four weeks. Despite a large section of the market consolidating on Saturday, ALGO was also higher, as it too hit a multi-week high during the weekend. Monero (XMR) Monero was a notable mover on Saturday, as the token rallied to its highest point in over four weeks in today’s session. Following a low of $133.16 on Friday, XMR/USD raced to an intraday peak of $141.17 to start the weekend. This move saw the token race hit its highest point since June 13, and this came as prices....
Harvest Finance is actively tackling the apparent $24 million attack. Harvest Finance, a major decentralized finance protocol, has seemingly issued a $100,000 bounty in the aftermath of a $24 millon attack targeting its liquidity pools.In an Oct. 26 tweet, Harvest Finance said that there is enough data so far to identify the attacker, “who is well-known in the crypto community.”In addition to the BTC addresses which hold the funds, there is now a significant amount of personally identifiable information on the attacker, who is well-known in the crypto community. We are putting out a 100k....
Crypto traders shift focus to ether as second-largest cryptocurrency surges to new record price, but bitcoiners aren't going anywhere.
As bitcoin surges, bullish analysts (and greedy traders) see few stopping points before prices challenge the all-time-high near $20K.
Harvest Finance’s dramatic growth took place during a time when enthusiasm around the DeFi space has slowly hit a wall.