A suspected exploit on the Hedera network has resulted in the transfer of over $5.8 million in assets to Ethereum, according to blockchain security researchers Specter and PeckShield. The attacker used LayerZero to bridge funds and swapped Wrapped Bitcoin (WBTC) for Ether (ETH). The incident caused HBAR's price to fall more than 2%, trading near $0.069. The investigation is ongoing, with no official loss estimate or culprit identified yet, while security firms continue monitoring the situation and awaiting Hedera's response.
Hedera Hashgraph's HBAR token gained 5.25% amid a crypto market rally, forming a double bottom pattern with strong support at $0.07. Analysts highlight a key resistance zone at $0.21-$0.22, which if broken, could confirm a bullish breakout targeting ...
XRP, Stellar (XLM), and Algorand (ALGO) are emerging as key blockchain networks aligned with government digital currency initiatives, focusing on improving payments, settlements, and asset transfers. These projects support national digital currency p...
A crypto analyst projects a 3x to 4x price increase for Hedera's HBAR token, targeting around $0.21 from its current $0.066 price, potentially raising its market cap to $9 billion. While a 10x rally to $0.70 is technically possible, the analyst consi...
Bitcoin paused around $64,000 after a rally from $62,600, slipping 0.6% amid a broader market pullback driven by rising U.S. Treasury yields and oil prices, which rose to $94 per barrel after a U.S.-Iran ceasefire expired. The Federal Reserve's July ...
