Search results for: thorchain

THORChain’s native cryptocurrency RUNE concluded a retest of its June lows and even set a new 2022 low. Its recovery attempts may provide one of the best opportunities especially for the next major bull run and here’s why. Here’s AMBCrypto’s price prediction for RUNE for 2022-2023 THORChain noted in one of its latest updates thatContinue reading “THORChain: Reasons RUNE may be an ideal portfolio addition this quarter “

RUNE just concluded a 52% drawdown from August highs and investors might be in for interesting times ahead. The recent low resulted in a retest of its previous bottom range in June. On top of that, THORChain just announced a new development that might facilitate more liquidity into RUNE. It announced the launch of theContinue reading “THORChain’s latest Avalanche-related announcement can lead RUNE to…”

THORChain [RUNE] is a proof-of-bond network that is operated autonomously by anonymous operators. In a blog post dated 4 February, THORChain informed its users of the network’s intention to deprecate its IOU tokens (BNB.RUNE and ETH.RUNE) after its launch on the mainnet. According to THORChain, the reason for the deprecation was to prevent “3rd partyContinue reading “Thorchain begins removing BNB.RUNE, ETH.RUNE- decoding details”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. A pattern with Bitcoin’s price action and the FOMC meetings suggested that Bitcoin could see a bounce toward $45k over the next month. RUNE saw a strong bounce and a shift in market structureContinue reading “THORChain: Assessing the chances of RUNE reaching the $10 mark”

THORChain has seen better days, definitely. Back towards the end of October, it had rallied nearly 120% and recently over 200% due to the low base effect. But looking at the larger picture shows a slightly concerning situation for the coin. It attempts to solve a major issue in the cryptocurrency – primarily acting asContinue reading “THORChain: Bearish charts yet positive metrics, here’s what to do with RUNE”

THORChain suffered two back-to-back exploits on its ETH Router. The first took all the ETH from the system via an attacking contract that sat in front of the Router. The second took all the economically significant ERC20s via an attacking agreement that sat behind the Router. Well, the DeFi protocol has come a long way.Continue reading “THORChain suffers network outage but why did RUNE witness a rise”

Cryptocurrencies such as Bitcoin, Ether, and hundreds of others are hot commodities in online trading, and a smart investor can make a big profit from them. However, the prospect of quick riches can blind some people to the risks and enable crooks to lure them into scams. Consider the DeFi space, for instance. Around $120Continue reading “‘White hat hacker’ exploits THORChain’s ‘Achilles heel’ to the tune of $8M”

With the emergence of cryptocurrencies, also came a corresponding rise in ransomware attacks. Several security loopholes in the cryptocurrency space in general, and smart contract platforms in particular, have come to light over the last few years. Once hailed as foolproof, blockchains have fallen fall prey to illicit activities, an assertion evidenced by the numerousContinue reading “THORChain hit by another exploit; loses up to $7.6M”

THORChain  has partnered with BitMax.io [BTMX.io] to launch BEPSwap to the global Binance Chain community, which will include staking of BEP2 assets, swapping and potentially other capabilities, such lending and derivatives at a later date. BEPSwap BEPSwap was announced on July 2019 as the first Decentralized Finance [DeFi] app on Binance Chain. Since July, overContinue reading “THORChain and BitMax.io to collaborate on the launch of BEPSwap”