Axie Infinity to compensate Ronin exploit victims and relaunch bridge

Axie Infinity to compensate Ronin exploit victims and relaunch bridge

Sky Mavis, the creator of the play-to-earn game Axie Infinity, announced that it will reimburse victims of the Ronin bridge hack and reopen the bridge next week. In March, hackers stole more than $620 million in the heist, which included roughly 17,600 Ether (ETH) and 25.5 million USDC tokens. According…

Bitcoin miner ‘capitulation event’ may have already happened — research

Bitcoin miner ‘capitulation event’ may have already happened — research

Bitcoin (BTC) miners may have already sparked a “capitulation event,” fresh analysis has concluded. In an update on June 24, Julio Moreno, senior analyst at on-chain data firm CryptoQuant, hinted the BTC price bottom could now be due. BTC price bottom “typically” follows miner capitulation Miners have seen a dramatic…

XRP price rally stalls near key level that last time triggered a 65% crash

XRP price rally stalls near key level that last time triggered a 65% crash

Ripple’s (XRP) ongoing upside retracement risks exhaustion as its price tests a resistance level with a history of triggering a 65% price crash. XRP price rebounds 30%  XRP’s price gained nearly 30%, rising to $0.36 on June 24, four days after rebounding from $0.28, its lowest level since January 2021. The…

Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining

Buy Bitcoin or start mining? HashWorks CEO points to ‘attractive investment yield’ in BTC mining

Recently, bad news has abounded, and the resulting fear is real. DeFi is looking dead, altcoins completed their lifecycle by returning back to $0 (I guess that’s a joke), and Bitcoin’s (BTC) price fell lower than even the smartest brains in the room expected.  A unifying theme of the most…

The community-centered approach to Web3 — Aave founder and CEO

The community-centered approach to Web3 — Aave founder and CEO

Aave (AAVE) founder and CEO Stani Kulechov said the firm was continuing to develop its decentralized social media platform, with Web3 potentially changing the way many view ownership. Speaking to Cointelegraph at the Collision conference in Toronto on Thursday, Kulechov said Web3 — a buzzword often thrown around, which generally describes…