A smart contract bug saw Binance Smart Chain-based ‘Bogged Finance’ get drained of $3 million over the weekend, data from multiple sources show. The protocol’s BOG token plunged 98% in response.“We are aware of the flash loan attack against BOG and are as devastated as you. We believe we have prevented further theft against more of our liquidity,” the developers wrote on … [Read more...] about DeFi tool ‘Bogged Finance’ sees $3 million hack, prices plunge 98%
Plunge
Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR’s
A former equities CIO of Goldman Sachs drew an strong response on Twitter after suggesting Tesla should sell its Bitcoin and buy back company shares.The price of TSLA shares have fallen 28% from $863.42 to $621.44, since news broke on Feb. 8 that Tesla had made a $1.5 billion BTC acquisition. MicroStrategy’s shares have fared even worse in the short term. The company, which is … [Read more...] about Analyst tells Tesla to dump Bitcoin for buybacks as shares plunge alongside MSTR’s
Bitcoin and Ethereum slow down as transaction values and fees plunge 70%
Bitcoin (BTC) and Ether (ETH) appear to be experiencing something of a slowdown, as on-chain data shows a dramatic decrease in the U.S dollar value of coins being sent across both blockchains in the past week. At the same time, transaction fees for both chains have receded from recent highs, or in Ethereum’s case, an all-time high.Data from Bitinfocharts shows $46.68 billion … [Read more...] about Bitcoin and Ethereum slow down as transaction values and fees plunge 70%