ETHPOW KO'd Already?!
https://twitter.com/scottmelker/status/1571200237653336071 What the vast majority of people already knew would happen eventually happened and much earlier than anticipated. ETHPOW, the forked version of Ethereum, crashed hard after the Merge, losing over 85% of it's initial value. The fork was already fighting an uphill battle with how they would operate in parallel to Ethereum, but they had a big issue right off the bat…their chainID was matching other existing chainID's, which wou...
Another Day, Another Hack: Acala’s aUSD Exploited
On this edition of “Another Day, Another Hack”, another stablecoin has been hit, but maybe not to UST proportions. Acala, a DeFi protocol on Polkadot, was exploited in their aUSD/iBTC pool, where malicious actors minted 1.2 billion aUSD tokens without depositing collateral. This caused a 99% depeg situation thereafter. However, the Acala team was able to determine it was a configuration issue that allowed the minting to occur, and was able to freeze the hacker’s wallet, which caused quite the...
Web3 TLDR Guide: Top 3 Crypto Tools For Wallet And Token Price Watching
Do you like crypto? If so, are you going deeper and deeper down the rabbit hole that tracking all of your crypto tracking has become hard to manage? Here are my top 3 use-cases and the tools I use to help achieve them: I want to get notified when particular tokens or coins reach particular price points or when changes occur to my wallet(s). Tool To Use: EtherDrops Tracking Bot This handy Telegram bot gives you alerts for a number of functions, but the ones I use it for the most are token/coin...
Subscribe to nikethereum.eth
Share Dialog
<100 subscribers
If your daily routine includes staring at token prices from the moment you wake up and every 5 mins until bedtime, then I assume you’re scratching your head just like I’ve been doing the last 2 weeks.
We’re seeing some tokens pumping, but why?! Overall, there are no positive macro/micro-economic reasons to hang our hat on, plus we have the pesky SEC chomping at the bit to takedown everything they can.
So what gives? Well there might be an answer to one pump with a plausible reason behind it.
Whether you hate it or love it, Bitcoin NFTs are all the rage thanks to the Ordinals Protocol, and Stacks (STX) is the reason behind why this new functionality on Lightning Network actually works.
Bitcoin was originally designed for one thing — — secure and decentralized monetary exchanges. And it does it VERY well.
On the other side, chains such Ethereum, Solana, Binance Smart Chain, Arbitrum, and so on, have lots of untapped utility, and can provide solutions for a number of use cases. Developers deploy smart contracts/dApps to build on top of these chains in order to increase the utility of that chain for their users (DeFi, NFT’s are essentially all powered by smart contracts).
Enter in Stacks, circa 2019. Seeing how chain utility was becoming the norm amongst the competition, Stacks came along to provide a Lightning Network-connected secondary layer for developers to build dApps on top of. Thus the advent of Bitcoin NFTs from Ordinals proved to be the driving force for Stacks to start pumping again.
And two bonuses, Stacks is SEC-approved AND not considered a security.
Price as of this writing is under $1 per token with highs and lows shown below. As always, do your own research, but perhaps it’s time to take another look at this little gem’s comeback.
Written by: nikethereum.eth / Medium / Mirror
