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Curve Finance

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cryptocurrency2 years ago•2 min saved

Cryptocurrencies Experience Volatility as Bitcoin Dips and Altcoins Gather Strength

Bitcoin dipped below $29,200 after stablecoin exchange Curve Finance suffered an exploit, putting over $100 million in crypto at risk. Despite this, Bitcoin has been range-bound between $29,000 and $29,500 as investors seek a catalyst. Ether and other major cryptocurrencies also sank following the Curve hack. U.S. jobs data will be closely watched for signs of a slowing employment market and the Federal Reserve's interest rate hikes. BitBull Capital's CEO expects the next major price spur to be the 2024 halving.

via CoinDesk|

#bitcoin #cryptocurrency #curve-finance

cryptocurrencydefi2 years ago•1 min saved

"DeFi Ecosystem Vulnerable to Vyper Stress Tests"

A critical vulnerability in the Vyper programming language has exposed several decentralized finance (DeFi) protocols to stress tests, resulting in the theft of millions of dollars worth of cryptocurrencies. The vulnerability, caused by a malfunctioning reentrancy lock, targeted liquidity pools on the Curve Finance protocol. Pools with wrapped Ether (wETH) are at risk of attack. The incident has affected multiple projects, including Alchemix, PEGd, Metronome, and Curve DAO, with significant outflows reported. The price of CRV has also dropped, potentially impacting Aave's protocol.

via Cointelegraph|

#cryptocurrencydefi #curve-finance #defi