CryptoExplorer ✪

2023-04-09 13:34:59 SushiSwap hacked, Head Chef says 'revoke all chains'
Decentralized exchange SushiSwap has fallen victim to an exploit, which led to the loss of more than $3.3 million from at least one user, known as 0xSifu on Twitter. The exploit involves an approve-related bug on the RouterProcessor2 contract — which PeckShield and SushiSwap Head Chef Jared Grey recommend revoking on all chains. The root cause, according to Ancilia, Inc. and in technical terms, "is because in the internal swap() function, it will call swapUniV3() to set variable "lastCalledPool" which is at storage slot 0x00." The cybersecurity account adds that "later on in the swap3callback function, the permission check gets bypassed." Read more Open / Comment

2023-04-08 17:51:06 Congressman Tom Emmer says SEC chair Gary Gensler is a ‘bad faith regulator’
Crypto-friendly Congressman Tom Emmer has slammed United States Securities and Exchange Commission (SEC) chair Gary Gensler for his approach to cryptocurrency regulation, labeling him a “bad faith regulator.” During an April 7 appearance on the Unchained podcast hosted by author and crypto journalist Laura Shin, Emmer didn’t mince his words as he questioned Gensler’s oversight on the crypto sector: “This guy in my mind, is a bad-faith regulator. He’s been blindly spraying the crypto community with enforcement actions while completely missing the truly bad actors.” Read more Open / Comment

2023-04-07 20:28:43 Russia Becomes World’s Second-Largest Crypto Miner
Russia has become the world’s second-largest cryptocurrency mining country this year, the Kommersant business daily reported Friday, citing Bitriver, Russia’s largest bitcoin mining provider. While the United States remains by far the world's largest crypto miner, boasting 3-4 gigawatts of mining capacity, Russia’s generating capacity reached 1 gigawatt in January-March 2023. In taking second place for the first time, Russia took a spot previously occupied by Kazakhstan, which introduced restrictions on crypto mining activities in 2022 and now ranks ninth, Kommersant cited Bitriver as saying. Read more Open / Comment

2023-04-07 00:46:01 OUT NOW

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2023-04-06 23:02:45 Decentralized Cryptocurrency Markets Threaten U.S. Security, Treasury Says
The burgeoning decentralized cryptocurrency market threatens U.S. national security and needs greater oversight and enforcement against money-laundering, the U.S. Treasury Department said on Thursday. The warning, in a new Treasury report assessing the risk of the so-called DeFi markets, lays the foundation for tougher regulations and punitive action by federal agencies. DeFi platforms enable crypto investors to transact with each other through software running online, without a central intermediary overseeing transactions. Without the intermediaries of traditional finance such as banks, regulators currently have little insight into DeFi transactions. Read more Open / Comment

2023-04-06 18:43:37 #Bitcoin outperformed major indexes by 170% Open / Comment

2023-04-05 21:26:44 Breaking: MicroStrategy Acquires Another 1,045 Bitcoins, Bringing Total Holdings to 140,000
On Wednesday, business intelligence firm MicroStrategy announced that it had bought an additional 1,045 Bitcoins for a total purchase price of roughly $29.3 million. According to a recent filing with the United States Securities and Exchange Commission (SEC), the new acquisition was made between March 24 and April 4 at an average price of $28,016 per coin. This most recent haul brings the company's Bitcoin vault to an astounding 140,000 coins. Those coins were acquired at an aggregate purchase price of approximately $4.17 billion. The company's average purchase price now stands at $29,803 per Bitcoin. Read more Open / Comment

2023-04-04 23:39:51 Elon Musk Replaces Twitter Logo With Dogecoin Logo, DOGE Price Surges over 20%
Dogecoin got a big bump on Monday when Twitter replaced its familiar logo with the cryptocurrency’s emblem of a shiba inu dog’s head and torso. The move made waves on Twitter itself, with surprised users sending out tweets expressing their amazement. Some of them speculated that hackers had infiltrated the platform to work mischief. Another influencer tweeted, “Between the #Moana live action news and the doge logo taking over Twitter, today just turned into pure chaos.” At 2:50 p.m., Musk himself sent out a tweet. It features an image of the dog in a pulled-over car telling a police officer inspecting a wallet with the iconic Twitter logo, “That’s an old photo.” Read more Open / Comment

2023-04-03 22:09:47 Bitcoin to face a ‘new ballgame’ if it breaks $30k resistance
Bitcoin’s (BTC) recent momentum appears to have paused below $30,000 after the asset capitalized on trouble in the traditional finance sector, especially the fallout from the banking crisis. Analysts maintain that breaching the $30,000 resistance level will likely be monumental for the maiden cryptocurrency based on historical price movement. In particular, crypto analyst Matthew Hyland observed in a tweet on April 2 that $30,000 has acted as Bitcoin’s significant resistance and support level for the last two years. Therefore, the analyst projected that if Bitcoin managed to flip the position, it could potentially mean a “whole new ballgame.” “Bitcoin has been consolidating below the biggest resistance/support of the last 2+ years. A whole new ballgame if BTC breaks it,” he said. Read more Open / Comment

2023-04-03 04:31:06 This Week In Crypto (CW 13)

1. Bitcoin and Ethereum Survive CFTC’s Binance Crackdown

2. Elon Musk’s SpaceX To Rocket 62 Bitcoin To The Moon

3. One of the darkweb’s largest cryptocurrency laundromats washed out

4. XRP Trading Volumes Surges to Billions of Dollars on South Korean Crypto Exchanges

5. Ethereum Staking Tokens Jump Double Digits as Shanghai Upgrade Gets a Date

CW12 (last week) Open / Comment