A solo home miner running a consumer-grade Canaan Avalon Nano 3S beat odds of roughly 149 million to one, winning Bitcoin block 951771 this weekend, and collecting a reward worth approximately $232,000. One Block, One Machine The block was mined at approximately 00:27 UTC through Braiins Solo, a pool designed for solo miners who want […]
HYPE’s rise highlights the growing institutional interest in DeFi, potentially reshaping traditional finance’s approach to decentralized platforms. The post HYPE rises to 10th by market cap, signaling a new era for Hyperliquid appeared first on Crypto Briefing.
Ethereum price started a fresh decline and traded below $2,000. ETH is now consolidating near $2,000 and might continue to move down. Ethereum remained in a bearish zone after a fresh decline below $2,010. The price is trading below $2,010 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line […]
Intel’s strategy could democratize AI hardware access, challenging market leaders and potentially reshaping the AI accelerator landscape. The post Intel plans to launch AI chip by year-end with lower-cost tech appeared first on Crypto Briefing.
US support for Israeli escalation may hinder peace prospects, increase regional tensions, and complicate diplomatic resolutions in the Middle East. The post US backs Israeli military escalation against Hezbollah in Lebanon appeared first on Crypto Briefing.
A potential BOJ rate hike could stabilize the yen short-term, but risks slowing Japan’s growth and impacting global financial markets. The post Yen faces heightened intervention risk ahead of June 16 BOJ hike appeared first on Crypto Briefing.
Bitcoin price started a fresh decline below the $73,800 zone. BTC is consolidating and might continue to move down if it dips below $72,500. Bitcoin failed to stay above $74,200 and extended losses. The price is trading below $73,800 and the 100 hourly simple moving average. There was a break below a rising channel with […]
The proposed ceasefire could stabilize regional tensions, impacting global markets and crypto investments by reducing geopolitical risk. The post US proposes ceasefire plan to Lebanon and Israel as crypto markets watch for risk-on signals appeared first on Crypto Briefing.
The DOJ’s record bitcoin forfeiture case has renewed scrutiny of global scam compounds tied to crypto fraud, trafficking, and organized crime. Authorities sought forfeiture of 127,271 BTC, worth about $15 billion. Record Bitcoin Case Puts Global Scam Compounds Back in Focus The U.S. Department of Justice (DOJ)’s record bitcoin forfeiture case has returned to focus […]
A pseudonymous white hat hacker has helped recover $2 million worth of Ether locked in a faulty initial coin offering (ICO) smart contract for almost a decade.In a post to X on Sunday, the white hat, known as “0xflorent,” said they helped recover about 1,003 Ether (ETH) from 48 investors who participated in the Hong Coin (HONG) ICO, a decentralized venture capital fund that never launched due to it failing to reach its funding goal.“The contract held all the investors’ ETH and was supposed to auto-refund them,” 0xflorent said. However, “a bug in the refund function quietly broke that, and the funds got stuck.” Data from Ethereum block explorer Etherscan shows that one HONG investor has already been refunded 96 ETH, now worth about $192,500, while 0.5 ETH was returned to another.Source: 0xflorent.ethHong Coin was first pitched in 2016, and a YouTube video at the time depicted the token as a community-run venture capital fund where members of the project’s decentralized autonomous organization would help decide which projects receive backing.The ICO started on Aug. 29, 2016, and ended about two months later on Oct. 28.Investors who sent ETH to the HONG smart contract were supposed to receive 250 million HONG tokens distributed across five stages, but it didn’t reach its funding goal, and investors were supposed to be refunded.0xflorent said they cooperated with the HONG creators, showing them how to extract the locked funds by taking advantage of a flawed admin function that reset token holders’ balances and triggered the refund mechanism. Related: Ethereum bull David Hoffman explains why he sold his ETH “The way out was an admin function with an integer overflow vulnerability,” they explained. “Calling it with a specific input resets a holder’s balance and unblocks the refund check.”On May 24, 0xflorent said they retrieved a combined 19.33 ETH worth about $40,600 from a failed ICO project in January 2018 and a Liquality Wallet user who had some funds trapped in a cross-chain transfer protocol.Magazine: Big Questions: Do we really only need 2–5 cryptocurrencies?
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