With an optimistic surge in Bitcoin prices, bulls anticipate a breakout run above the $65000 mark. Amidst the growing confidence in the market, the DeFi tokens prepare for a bull run as the altcoin season inches closer.

With the increasing chances of Bitcoin hitting the $60,000 mark this week, the bull run chances for this month are growing stronger. Further, the recovering rally in the altcoins gaining momentum signals a potential bull run.

Loopring observed that the attacker impersonated the wallet owner to reset ownership and redeem assets.

Loopring, a smart wallet application on Ethereum that advocates for privacy rights, ran into security trouble with its 'Guardian' two-factor authentication (2FA) service, the company said on Sunday.

On Sunday, Loopring, the Ethereum-based ZK-rollup protocol, experienced a major security breach. This incident resulted in losses reaching millions of dollars.

Loopring, an Ethereum-based ZK-rollup protocol, suffered a $5 million breach due to a compromised two-factor authentication service

Loopring, an Ethereum ZK-Rollup protocol, reported on June 9 that some of its smart wallets were exploited for an undisclosed sum. Following the news, Loopring's LRC token dropped by approximately 4%, hitting a four-month low of $0.21, according to CryptoSlate's data.

Loopring, a decentralized finance (DeFi) protocol built on Ethereum, recently experienced a significant security breach that resulted in a $5 million loss. The attack exploited a vulnerability in Loopring's Guardian two-factor authentication (2FA) service, which is designed to enhance the security of its smart wallet application.

A decentralized finance (DeFi) protocol based on Ethereum, Loopring has recently been hacked, within it is a layer-1 solution based on ZK-rollup, and it suffered a $5 million loss.

Loopring's website brags that it offers "Ethereum's most secure wallet" but also identifies the very risk factor that reportedly enabled the hack.

Ethereum Layer 2 protocol Loopring reported a vulnerability affecting smart wallets using its Guardian feature, leading to asset losses.

A widely followed crypto analyst is suddenly turning bullish on one low-cap Ethereum (ETH)-based altcoin project. Crypto strategist Michaël van de Poppe tells his 719,400 followers on the social media platform X that Skale Network (SKL), an Ethereum sidechain, could soar 150% from its current value. “SKL is looking great.

Although most cryptocurrencies have entered a state of boredom, including the sector's representative, Bitcoin (BTC), which hasn't yet lived up to the hype built up prior to its recent halving event, some cryptos, still available under $0.10 apiece, might be a good investment in May.

Despite a week of sideways movement in the crypto market, with altcoins showing minimal signs of recovery and Bitcoin struggling to surpass the $65k price level, renowned crypto analyst Michaël van de Poppe has identified a specific group of altcoins.

SKALE Network reported $3.1B in Q1 fee savings, a surge in user activity, and strategic partnerships in 2024 The post Gasless EVM blockchain SKALE Network reaches 17 million unique users appeared first on Crypto Briefing.

Crypto expert Michaël van de Poppe has repeatedly stated that altcoins are still greatly undervalued heading into this bull run. Now, he has published a list of altcoins that he believes can provide investors with maximum returns.

Renowned cryptocurrency analyst Michaël van de Poppe identified a list of top 10 altcoins offering significant buying opportunities amidst a market dip. What Happened: In an X (formerly known as Twitter) thread on Wednesday, van de Poppe highlighted the current market conditions, noting the altcoin market capitalization has seen a correction but still holds potential for more gains.

As cryptocurrency markets experience a downturn, the total market capitalization has dropped by 7% in two days to $2.62 trillion. Even Bitcoin, the largest cryptocurrency, plummeted from $71,300 to $66000, affecting the top altcoins, with bears starting to dominate the market.

Cryptocurrency guru Mikybull Crypto is signaling the start of an altcoin season, citing the upcoming ETH ETF breakthrough as a key catalyst behind it. As Ethereum inches closer to breaking out of the Supertrend bearish zone, Mikybull Crypto shares his strategic picks expected to yield impressive returns, ranging from 5x to 10x throughout 2024.

Horizen (ZEN), Radiant Capital (RDNT), Injective (INJ), Beldex (BDX), and SKALE (SKL) are all altcoins that have interesting developments lined up in February, which could positively affect their price.

Ethereum ETFs are poised to be the next big catalyst within the cryptocurrency market in early 2024 heading into late spring.

Santiment has explained that a couple of altcoins have significant FUD behind them, which could end up providing “rocket fuel” to their prices.

In the cryptocurrency market, savvy investors keep an eye out for opportunities, especially during market dips. Recently, the MVRV (market-value-to-realized-value) ratio, has highlighted several cryptos as significantly undervalued.

Skale Network (SKL) price bounced back this week as demand for the token and other cryptocurrencies continued rising. The SKL token jumped to a high of $0.0930 on Monday, which was about 375% above the lowest point in October.

The year 2023 has been a rollercoaster for the cryptocurrency market. Here are our picks for the top 5 cryptos to buy under 1$ before 2024.

Granted and SKALE Network are partnering to provide opportunities for applications across web3 to find funding and a blockchain home to thrive on. Granted was established to “provide strategic grant funding for the Web3 ecosystem.

Loopring Price Prediction: LRC coin outlook depends on the reclaim of the $0.32 level on the weekly timeframe. Currently it is trading 20% lower.

Story Highlights The live price of Loopring is . LRC coin could reach a high of $0.57 by the end of 2024. Loopring price with a potential surge might go as high as $1.89 by 2030. The crypto verse has seen dramatic publicity over the past two years with a swift move.

Skale Network's token bounced back on Tuesday as investors focused on the growing users in its ecosystem. The token jumped to a high of $0.047 on Tuesday, higher than this month's low of $0.037. It has soared by over 142% from its lowest point this year.

As New Year's Eve approaches, excitement in the cryptocurrency market remains, albeit somewhat toned down, after the sector's representative asset, Bitcoin (BTC), returned below the price threshold at $42,000, but many other cryptocurrencies are still trading in the green zone, with an optimistic outlook.

Loopring (LRC), a scaling solution that leverages its technology on the second layer of Ethereum (ETH), is one of the altcoins experiencing notable gains, in line with the prevailing bullish sentiment in the crypto market. Analysts are optimistic about the potential for continued upward momentum in LRC, supported by key technical indicators.

A cryptocurrency that has seen its market capitalization triple since mid-August amid rising address growth is set to keep on rising in the near future as “liquidated shorts often act as rocket fuel to propel values higher.

Loopring's X account remained compromised at press time, with the exploiters publishing multiple malicious links promoting a fake LRC airdrop.

Loopring's official X (Twitter) account is seemingly compromised by phishing attackers as they ask community members to claim the LRC airdrop.

The altcoins market has recently witnessed a resurgence of interest and confidence, primarily driven by the largest cryptocurrency, Bitcoin (BTC). This renewed enthusiasm has resulted in a bull uptrend, with most of the top 100 cryptocurrencies benefiting from Bitcoin's resurgence.

Story Highlights The live price of Loopring is . LRC coin could possibly reach a high of $0.34 by the end of 2023. Loopring price with a potential surge might go as high as $1.89 by 2030. The crypto verse has seen dramatic publicity over the past two years with a swift move.

Loopring, the layer-2 decentralized exchange (DEX) for Ethereum that uses zk-Rollups, is going multi-network, subsequently expanding its core pillars to four, following a recent update. In a Medium post on October 24, the platform said as part of this change in approach, they will be expanding the functionality of their Loopring Dapp.

Story Highlights The current price of Loopring is . LRC coin could possibly reach a high of $0.34 by the end of 2023. Loopring price with a potential surge might go as high as $1.89 by 2030. The crypto verse has seen dramatic publicity over the past two years with a swift move.

This exciting development marks the beginning of a new journey for Loopring as they strive for greater scalability and highly optimized experiences.

Investors are becoming increasingly frantic as they strive to position themselves for the impending bull cycle, recognizing its lucrative opportunities. In the midst of this frenzy, crypto whales have been discreetly accumulating specific cryptocurrencies that show immense growth potential in the next bull run.

Skale Network released Levitation Protocol, a new entrant to Zero Knowledge (ZK) rollup-based scaling solutions.

These five altcoins fell the most during the crypto market rout last week

Today's cryptocurrency market showcases a mix of projects experiencing notable gains and others facing significant losses. ICP, TWT, Decentraland, Litecoin, and Loopring (LRC) have emerged as the top gainers of the day, while Rocket Pool, Solana, Immutable, Algorand, and Kava are the top losers.

In what appears to be stiff competition among Ethereum-based Layer 2 protocols, Loopring (LRC) has inked sudden sharp growth of 25% to join one of the top-performing altcoins in today's market revival. For Loopring, the 24-hour high of $0.4525 has repositioned it on a very bullish path that it is now looking to sustain.

As the altcoins are gaining some traction, the possibility of a significant upswing may be on its way out. In such cases, the prices of altcoins are believed to leap forward regardless of the volatility of the price of Bitcoin.

Loopring's LRC/USD was trading at $0.3677 at press time (5 April 2023), after hiking by 4.5% in the last 24 hours. The crypto-market seemed to be exhibiting bullish sentiment as Ethereum broke past the $1,840-resistance to reach $1,900 and as Bitcoin attempts to climb above $29,200 again.

While the cryptocurrency market remains highly volatile and subject to the mercy of various factors, exciting platforms like Loopring, Stacks, and Avorak AI evolve to respond to the users' diverse needs. Avorak AI's unique features, successful ICO, and potential benefits suggest that it could see significant growth this year.

Just as Zuckerberg's company changed the name of the parent company, Elrond has also done so and bases its business on three cornerstones, xFabric, xPortal, and xWords.