Rari, Telos and Polymath rally as Bitcoin price hits $44K
RGT, POLY and TLOS secure double-digit gains as investor sentiment rises after the Fed says it will not ban cryptocurrencies and Bitcoin briefly reclaims $44,000. Crypto traders breathed a sigh of relief on Sept. 30 after media headlines reflected positive news regarding adoption and future regulation in the crypto sector. Early in the day, Visa announced that it has developed a layer-2-based blockchain interoperability hub that will support cryptocurrency payments and Federal Reserve chair Jerome Powell stated that the regulator has no intention of banning cryptocurrencies.The rise in....
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Telokanda, a collaboration between Telos and open-source weather tech company Kanda in West Africa hopes to engage local communities in collecting and sharing weather data on the Telos public blockchain.
Ethereum (ETH) based yield aggregator Rari Capital was attacked this weekend by a group of bad actors. As a result, 2,600 in this cryptocurrency were stolen from the Rari Capital Ethereum Pool, as a post-mortem report released by core contributors confirmed. The attack took place at around 1:48 PM UTC, May 8th, with a series […]
When the news of Ethereum 2.0 broke out, many people were beyond excited. The issue of transaction scalability and sustainability was going to be fixed. However, even Ethereum 2.0 left an essential problem out that crypto investors are still facing, an important problem known as FRONT RUNNING. This problem resulted in the loss of thousands of dollars, and it is still causing the loss of more. Imagine the joy on people’s faces when Telos, a popular third-generation blockchain, announced their new EVM that claims to solve this problem and many more. Yes. Just what you thought. Hope at last!....
According to a report from the blockchain company Blocsec, Rari Capital’s Fuse platform has lost roughly $80 million from a “reentrancy vulnerability.” On Saturday, Fei Protocol’s official Twitter account confirmed it lost funds from the Rari Fuse platform exploit. $80 Million Swiped from Rari Capital Another decentralized finance (defi) protocol attacker has managed to siphon millions of dollars worth of crypto from a defi project. On Saturday, the blockchain and smart contract audit firm Blocsec revealed Rari Capital’s Fuse platform suffered a loss of....
Reports from the decentralized finance project Rari Capital detail that the protocol’s ethereum pool has experienced a recent exploit. Rari Capital says they are assessing the situation and the team removed funds from the recent Alpha Finance Lab integration. At first, the project’s team revealed they were assessing the hack, but later estimates assume the project lost $10 million to the hacker. Rari Capital Drained for 2,600 Ether, Hacker Taunts Project There has been no shortage of defi hacks at the end of 2020 and into 2021, as a myriad of projects has seen funds drained....