Cross-chain protocol Multichain has been exploited for $1.34 million through a bug that the platform recently dislosed.The post Cross-chain protocol Multichain bug gets exploited for $1.34 million appeared first on The Block.
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Terra Luna Classic Proposes 10X Gas Fees On Transactions, LUNC Price To $1?
Terra Luna Classic community is taking steps to prevent spam attacks on the chain and proposing several measures such as increasing gas fees. A proposal of increasing gas fees by 10x is submitted claiming current levels for transactions are extremely low and causing attacks feasible and economical. Terra Luna Classic 10X Gas Fees Proposal Proposal The post Terra Luna Classic Proposes 10X Gas Fees On Transactions, LUNC Price To $1? appeared first on CoinGape .
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The Next Dogecoin? Top Trader Points To This Memecoin
Crypto trading sensation Ansem, known on X (formerly Twitter) as @blknoiz06, has directed the market’s gaze towards the Bitcoin Runes ecosystem, labeling it as the nascent grounds for the next 100x crypto opportunity, as NewsBTC reported yesterday. Ansem, whose prowess is well-documented through his previous astronomical gains of 170x on Solana (SOL), 520x on dogwifhat (WIF), and 80x on Bonk (BONK), stirred the crypto community with his recent Dogecoin comparison. On the cusp of Bitcoin’s highly anticipated halving today, Ansem doubled down on his initial assessment, particularly highlighting two tokens within the Bitcoin Runes ecosystem: Bitcoin Wizards (WZRD) and PUPS. He equates WZRD with Dogecoin, suggesting it has the potential to mirror Dogecoin’s viral success. In contrast, he compares PUPS to the lesser-known but highly profitable dogwifhat (WIF). Related Reading: Elon Musk Latest Tweet: How Much Did Dogecoin Gain From It Today? In a tweet that caught the eye of both investors and enthusiasts, Ansem elaborated on his reasoning behind the picks, stating: Great thread, been saying, I believe Runes are next asymmetric 100x opp in crypto. The meme that got DOGE founder interested in Bitcoin & the phrase magic internet money is still used today – representative of bitcoin culture. DOGE equivalent = WZRD, WIF equivalent = PUPS. Ansem references a thread on X by Immutable Edge (@ImmutableSOL), who delved into the historical and cultural significance of the “Magic Internet Money” meme, originally sparked by mavensbot’s viral Reddit ad. The “Magic Internet Money” meme dates back to February 18, 2013, when mavensbot, a digital artist, submitted a hand-drawn depiction of a blue wizard to promote Bitcoin on Reddit. This ad, created during Bitcoin’s early adoption phase, was crucial in cultivating a cultural ethos around Bitcoin. It resonated deeply within the community, encapsulating the whimsical yet revolutionary nature of Bitcoin’s rise. The ad’s simplicity and authenticity resonated with the Reddit community, propelling Bitcoin from a niche internet experiment to a major financial phenomenon. Within weeks of the ad’s debut, Bitcoin’s value surged from $27 to a record high of $1,132 by November 2013. Related Reading: Dogecoin Flashes Weekly Golden Cross: Why This Analyst Believes The Bull Rally Is Far From Over Bitcoin Wizards, one of the highlighted tokens, aims to rekindle this original spirit. The token leverages the iconic imagery and cultural narrative of the “Magic Internet Money” meme to foster a new wave of interest and adoption. The creators of WZRD are not only paying homage to Bitcoin’s roots but are also embedding this storied meme within the mechanics of a modern cryptocurrency, aiming to capture both nostalgia and innovation. The Bitcoin Wizards project is part of the broader Bitcoin Runes ecosystem, which reached a lot of hype prior to its launch. According to Ansem, WZRD’s history and deep roots in memes give it the perfect ingredients to become the next Dogecoin, just on Bitcoin Runes. Moreover, the analyst assessment comes at a critical time for the crypto market, which is often influenced by the narratives that capture the community’s imagination. As the Bitcoin halving event unfolds, many eyes will be on the Bitcoin Runes ecosystem to see if it can indeed replicate the meteoric rises seen in BRC-20 tokens and Ordinals. At press time, WZRD traded at $12.15, up 70% in the last 24 hours. Featured image created with DALL·E, chart from TradingView.com
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Crypto Prices Today April 19: Bitcoin At $62K, Ethereum Nears $2900, SOL Recovers
The top crypto prices today witnessed a mixed action as the Bitcoin (BTC) price surged past the $62,000 level. In contrast, the Ethereum (ETH) price struggles to sustain above the $3,000 mark. Meanwhile, other top altcoins, such as Cardano (ADA) and XRP plunged notably while Solana (SOL) rebounded. Major Crypto Prices Today The Bitcoin price The post Crypto Prices Today April 19: Bitcoin At $62K, Ethereum Nears $2900, SOL Recovers appeared first on CoinGape .
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Bitcoin Halving 2024 : 5 Myths, Facts, and the Path Forward Revealed
The fourth Bitcoin halving is approaching, expected to happen tomorrow, on April 20, 2024, usually a time for gatherings and excitement among enthusiasts. Despite current circumstances, the anticipation remains high with increased Google searches and constant talk on crypto social media. However, with the internet being a source of misinformation, it’s important to separate fact The post Bitcoin Halving 2024 : 5 Myths, Facts, and the Path Forward Revealed appeared first on CoinGape .
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Crypto Price Prediction 4/19 As Bitcoin Hints Bottom Formation at $60K
Crypto Price Prediction: Despite the rising Geopolitical tension in the Middle East, the cryptocurrency market has shown notable resilience through Bitcoin being a macro hedge. On April 19th, when Israel launched an attack on Iranian soil, the BTC price marked a low of $57600 before immediately rebounding to $65000. This upswing has uplifted a majority The post Crypto Price Prediction 4/19 As Bitcoin Hints Bottom Formation at $60K appeared first on CoinGape .
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Singapore’s Triple-A Embraces PayPal Stablecoin for Merchant Payments
Triple-A, a Singapore-based payments firm, has made a strategic move by announcing its decision to integrate PayPal’s stablecoin into its array of payment options tailored for merchants. This decision showcases Triple-A’s proactive stance in embracing emerging financial technologies. Notably, Triple-A holds the distinction of being the first licensed crypto payments company in Singapore, a testament The post Singapore’s Triple-A Embraces PayPal Stablecoin for Merchant Payments appeared first on CoinGape .
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