Mt. Gox Glitch Results in $1,000,000,000 High
If you have been following Bitcoin closely the past couple of days, you may have heard about MtGox trading bitcoins at $1B a piece. Though all evidence of the event has been erased from Mt. Gox and BitcoinCharts history, Mt. Gox briefly showed a high of $1B per Bitcoin on the 9th of August, 2012. Market depth on the ask chart was also incredibly low,....
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The list of top-valued coins on CoinGecko briefly went somewhat irrelevant, with BTC falling behind the “Relevant” token. CoinGecko, one of the largest cryptocurrency tracking websites in the world, suffered a major glitch on Friday morning, with Bitcoin (BTC) mistakenly losing its position as the largest digital currency by market capitalization to a lesser-known altcoin.The list of top-valued cryptocurrencies on CoinGecko briefly went somewhat irrelevant, with BTC’s market cap temporarily falling behind a token known as Relevant (REL).As of 7:20 am UTC, REL was mistakenly placed at the....
A decentralized finance (defi) protocol called Cashio was attacked by an “infinite glitch” exploit around 9:00 a.m. (UTC), the team said on Wednesday. Following the hack, statistics show the protocol’s total value locked (TVL) dropped from over $28 million to $579,701 and the project’s stablecoin shuddered from $1 per token to zero. Cashio App Exploited With an Infinite Mint Glitch, Project’s Ecosystem Shudders The Solana-based decentralized money project called Cashio App has been attacked by an “infinite glitch” exploit the development....
On May 13, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA. Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com’s mobile application allowed users to get away with a 30-40x profit on LUNA trades momentarily.On Friday, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA due to some error. Just when....
Bitcoin rose Monday, putting itself back on track to retest its record high after promising results on a coronavirus vaccine reinforced hopes of an economic rebound next year. The spot BTC/USD exchange rate climbed 0.95 percent after the benchmark cryptocurrency briefly snapped its six-week winning streak on Sunday. The pair touched an intraday high of […]
HSBC, the fourth largest bank in the world is now steadily returning to normalcy after being hit by a system glitch that left thousands of users unable to log into the system. This instance adds to the list of several cases where the need for a complete overhaul of the existing banking system has been felt. A system based on the Bitcoin infrastructure can be a good solution. HSBC UK witnessed a technical glitch two days ago which prevented its users from accessing the bank’s site, and in some cases, also the mobile banking application. Outraged users even complained that they were charged....