Cryptocurrency News Today TheBitTimes.com

Following the passing of the XLS-30D amendment on Jan. 31, which introduced the Automated Market Maker (AMM) feature to the XRP Ledger (XRPL), Ripple’s development team has moved to address and propose crucial updates aimed at refining this newly added functionality.  The necessity for these updates emerged from a technical complication discovered during exhaustive integration tests. It was found that AMM transactions could face delays if the trading fee is set below the minimal threshold of 0.01%. This specific issue could hinder the immediate execution of transactions within the same ledger cycle post the creation of an AMM, especially when trading fees are lower than the stated limit. 1/ In extended integration testing to ensure the AMM performs as intended over time, we identified an issue that could prevent multiple AMM txs from executing in the same ledger. We have propose d and are reviewing a fix: https://t.co/MPMKuI8dDK — RippleX (@RippleXDev) February 1,...

Real estate blockchain project Propy witnessed an 90% surge of its token’s value as Coinbase’s asset management arm is set to tokenize real world assets. On Dec. 13, 2023, Propy‘s PRO token surged a significant 93% within just one day after the U.S.-headquartered crypto exchange Coinbase announced plans to double down on real world assets tokenizing. According to CoinGecko data, PRO surpassed in a moment the $0.83 threshold, propelling the token’s market capitalization up to $40.7 million. PRO price in USD | Source: CoinGecko The raped increase of PRO’s value followed Coinbase’s announcement of its venture called Project Diamond, a platform for issuing and trading blockchain-based debt instruments. As crypto.news reported, the launch came amid intense competition to integrate traditional financial asset s like bonds and credit into blockchain systems. This process, known as the token ization of real- world asset s (RWAs), is believed to enh...

HTX and Poloniex are about to resume deposits and withdrawals, and Justin Sun announced an airdrop for affected users . Following the recent cybersecurity breaches of HTX and Poloniex, Justin Sun has announced an “epic airdrop ” for users with assets on these platforms. The move comes as a gesture of goodwill and support to those affected by the hacks. As HTX and Poloniex approach opening deposit and withdrawal, we will initiate an epic airdrop for users with assets. Please stay tuned! My deepest apologies to the users affected by the hacker attacks on HTX and Poloniex. We will cover the loss and All assets are are SAFE. — H.E. Justin Sun 孙宇晨 (@justinsuntron) November 24, 2023 You might also like: Customers left confused as HTX reportedly struggle to resume withdrawals The airdrop is part of a broader strategy to mitigate the financial impact on users after Poloniex’s hot wallets were compromised, leading to an estimated loss of $114 million. ...

The arbitrage bot was hacked and lost about $2 million in one of the pools of the Curve Finance platform. This was first reported by a user under the pseudonym Spreek. He suggested that the hack occurred due to the 0xf6ebebbb() function. This was confirmed by Beosin. According to them, the attacker took advantage of the fact that it was available without authorization to force a swap between pools. An unknown MEV bot was hacked for ~$2M. https://t.co/HC2QYEfGZ7 The root cause was that the arbitrage function 0xf6ebebbb() did not have authentication, allowing the attacker to call 0xf6ebebbb() to force swaps across multiple https://t.co/m0tYfbwWqY pools, resulting in high… pic.twitter.com/2Xah6j57ed — Beosin Alert (@BeosinAlert) November 8, 2023 He then issued an instant loan for 27,255 WETH (more than $51 million), changed the price balance in the WETH/WBTC pool, and conducted an arbitrage transaction through a bot. The hacker exchanged 1339.8 WETH for 6.95 WBTC at the new r...

Several cryptos related to artificial intelligence surged in value after AI research company OpenAI announced new products. However, on Nov. 7, they went red as the market slumped. Top AI tokens by market cap | Source: CoinMarketCap Graph (GRT) price Earlier today, market data showed that The Graph (GRT), an Ethereum (ETH) token that powers a decentralized protocol for querying blockchain data, rallied 17.67% over the last 24 hours and 35.66% in the previous seven days. When a market downturn hit earlier today, GRT ended up being up 1.67% over 24 hours and 29% for the last seven days. The Graph aims to be the Google of blockchains, indexing and organizing data from networks like Ethereum and Filecoin (FIL) into open APIs. It is often qualified as an AI coin due to its heavy focus on AI applications and features. Graph (GRT) price | Source: CoinMarketCap SingularityNet (AGIX) price SingularityNet (AGIX), a token enabling decentralized AI services, rose 2.6% over 24 hou...

Non-fungible tokens (NFTs) witnessed a 15% surge in trading volumes thanks to the U.S. Securities and Exchange Commission’s (SEC) failure to file an appeal in the Grayscale Bitcoin Trust case.  According to on-chain data aggregator CryptoSlam.io, the NFT ecosystem encountered a substantial 15% uptick in the past 24 hours. Total trading volume topped $9.7 million. Notably, there has also been a 5.9% increase in the number of investors actively acquiring NFTs. Ethereum-based NFT collections exhibited a noteworthy 26.7% increase in sales, contributing $5.2 million in trading proceeds over the same 24-hour period.  Digital collectibles on the Mythos Chain and Solana blockchain have also registered notable spikes, accumulating trading sales of $1.3 million and $1 million, respectively. Mythos Chain NFTs recorded a 4.5% increase, while Solana-based NFTs exhibited an impressive 23.5% rise. You might also like: SEC charges ‘Stoner Cats’ NFT creators for selling unregis...

Mixin Network has temporarily suspended its deposit and withdrawal services follow ing a major attack, jeopardizing over $200 million in crypto assets. A defi protocol Mixin Network has verified a report from blockchain security firm SlowMist, confirming a hack involving over $200 million. SlowMist Security Alert On September 23, the Mixin Network cloud service provider database was attacked, the amount of funds involved was ~ $200M. SlowMist is assisting in the investigation. Please wait for @MixinKernel updates for more information. — SlowMist (@SlowMist_Team) September 25, 2023 According to a statement released by Mixin Network, the attack targeted the database of their cloud service provider in the early hours of Sept. 23. The breach led to the loss of assets on the mainnet, with the affected funds estimated to be around $200 million. Mixin Network is a wallet solution that currently supports 48 public blockchain networks and has a combined network asset value exceedin...