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Curve

All articles tagged with #curve

cryptocurrency2 years ago

Crypto Market Turmoil: Bitcoin Stagnates, Altcoins Sink Amid Industry Woes

Bitcoin remains stagnant around $29,200 as investors digest the impact of a U.S. Securities and Exchange Commission (SEC) lawsuit against Richard Schueler and his projects Hex, PulseChain, and PulseX, as well as the fallout from an exploit of stablecoin exchange Curve. Altcoins, including Ether, Solana, Tron, and Polygon, have experienced downward drifts following the HEX suit. Curve's native crypto, CRV, has dropped 12.5% to trade at 56 cents. Despite some larger-size buyers accumulating bitcoin during the recent price drop, the overall market sentiment remains in a holding pattern.

via CoinDesk|
#altcoins#bitcoin#cryptocurrency
cryptocurrency2 years ago

Bitcoin's Resurgence: Rekindling Correlation with Tech as it Surges to $29.4K in Asia

Bitcoin is trading at $29,415 as the trading week begins in Asia, with minor declines in Ether. The Curve stablecoin exchange experienced an exploit, putting over $100 million worth of cryptocurrency at risk. The exploit was caused by a "re-entrancy" bug in the Vyper programming language used in parts of Curve. Meanwhile, the bitcoin mining industry in Russia is booming, with more machines flowing into the country than anywhere else in the world. Russia's share of bitcoin mining increased after China banned the industry in 2021.

via CoinDesk|
#bitcoin#cryptocurrency#curve
cryptocurrencydefi2 years ago

DeFi Projects Lose Millions in Curve Pool Exploits

Attackers exploited a vulnerability in liquidity pools on the Curve decentralized finance platform, stealing over $24 million worth of cryptocurrency. The vulnerability was traced back to a third-party programming language called Vyper, which caused a malfunctioning reentrancy lock. Several projects, including JPEG'd, Alchemix, and Metronome DAO, were affected by the attack. Reentrancy attacks, where a smart contract interacts with another contract before fully executing, have been a common vector for attackers. The incident highlights the importance of proper design and development to avoid such vulnerabilities.

via Decrypt|
#cryptocurrencydefi#curve#cybersecurity