Funds tied to the latest Euler Finance exploit are on the move.

According to on-chain data, the attacker sent ten transactions to mixing service Tornado Cash worth 100 Ethereum each from an intermediary address, and still holds 1,500 ETH labeled as Fake Phishing at the same address.

The address has sent a total of 1,000 ETH, worth roughly $1.6 million.

Hackers moved part of the stolen funds less than 24 hours after Euler Financea borrowing and lending platformwarned that if 90% of the assets were not returned, the company would offer a $1 million bounty to anyone who can provide information that can lead to their arrest and the return of all funds.

Euler Finance fell victim to a flash loan exploit that resulted in the loss of $8.7 million in the DAI stablecoin, $18.5 million in Wrapped Bitcoin (WBTC), $135.8 million in Staked Ethereum (stETH), as well as $33.8 million in USDC.

While Euler confirmed that it is working with law enforcement, the company also suggested the criminal investigation could be potentially dropped if the money is returned.

Notably, along with the funds sent to Tornado Cash, the attackers, as confirmed by blockchain analytics firm CertiK, transferred 100 ETH to an address allegedly belonging to one of the victims.

The user, who claimed to have had 78 Wrapped Staked Ethereum (wstETH) of their life savings deposited on Euler, urged hackers to return him at least 80% or 90% of the funds. Surprisingly, they saw their appeal satisfied.

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Euler Finance Hacker Mixes $1.6M in Ethereum on Tornado Cash - Decrypt

The previous six months should have been extremely beneficial to Ethers (ETH) price, especially following the projects most significant upgrade ever in September 2022. However, the reality was the opposite: Between Sept. 15, 2022 and March 15, 2023, Ether underperformed by 10% against Bitcoin (BTC).

The ETH/BTC price ratio of 0.068 had been holding since October 2022, a support that was broken on March 15. Whatever the reason for the underperformance, traders currently have little confidence in placing leverage bets, according to ETH futures and options data.

But first, one should consider why Ethers price was expected to rise in the previous six months. On Sept.15, 2022, the Merge a hard fork that switched the network to a proof-of-stake consensus mechanismoccurred. It enabled a much lower, even negative, coin issuing rate. But more importantly, the change paved the way for parallel processing that aimed to bring scalability and lower transaction costs to the Ethereum network.

The Shapella hard fork, expected totake effect on the mainnet in April, is the next step in the Ethereum network upgrade. The change will allow validators who previously deposited 32 ETH to enter the staking mechanism to withdraw in part or in full. While this development is generally positive because it gives validators more flexibility, the potential 1.76 million ETH unlock is a negative consequence.

However, there is a cap on the number of validators that can exit; therefore, the maximum daily unstake is 70,000 ETH. Moreover, after exiting the validation process, one may choose between Lido, Rocket Pool or a decentralized finance (DeFi) application for yield mechanisms. These coins will not necessarily be sold on the market.

Lets look at Ether derivatives data to understand if the recent drop below the 0.068 ETH/BTC ratio has affected investors sentiment.

In healthy markets, the annualized three-month futures premium should trade between 5% and 10% to cover associated costs and risks. However, when the contract trades at a discount (backwardation) relative to traditional spot markets, it indicates traders lack of confidence and is regarded as a bearish indicator.

Derivatives traders became uncomfortable holding leverage long (bull) positions as the Ether futures premium moved below zero on March 11, down from 3.5% just two days prior. More importantly, the current 2.5% premium remains modest and distant from the 5% neutral-to-bullish threshold.

Nonetheless, declining demand for leverage longs (bulls) does not necessarily imply an expectation of negative price action. As a result, traders should examine Ethers options markets to understand how whales and market makers price the likelihood of future price movements.

Related: Lark Davis on fighting social media storms, and why hes an ETH bull Hall of Flame

The 25% delta skew is a telling sign showing when market makers and arbitrage desks are overcharging for upside or downside protection. In bear markets, options investors give higher odds for a price dump, causing the skew indicator to rise above 8%. On the other hand, bullish markets tend to drive the skew metric below -8%, meaning the bearish put options are in less demand.

On March 3, the delta skew crossed the bearish 8% threshold, indicating stress among professional traders. The fear levels peaked on March 10, when the price of Ether plummeted to $1,370, its lowest level in 56 days, although the price of ETH rebounded above $1,480 on March 12.

Surprisingly, on March 12, the 25% delta skew metric continued to rise, reaching its highest level of skepticism since November 2022. It happened just hours before Ethers price rose 20% in 48 hours, which explains why ETH traders shorting futures contracts faced $507 million in liquidations.

The 3% delta skew metric currently signals a balanced demand for ETH call and put options. When combined with the neutral stance on the ETH futures premium, the derivatives market indicates that professional traders are hesitant to place either bullish or bearish bets. Unfortunately, ETH derivatives metrics do not favor traders expecting Ether to reclaim the 0.068 level against Bitcoin in the near term.

The views, thoughts and opinions expressed here are the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Ethereum price reaches lowest level relative to Bitcoin in 5 months - Cointelegraph

New York State Attorney General Letitia James speaks during a press conference, Sept 8, 2022. (Photo: David Dee Delgado/Getty Images)

A lawsuit against a cryptocurrency exchange by New York State looks a lot more like a referendum on the world's second biggest blockchain, Ethereum.

Why it matters: Ether has a nearly $200 billion market capitalization and something like 400,000 daily users. Its popularity was partly driven by the fact that entrepreneurs had become convinced that the coin had become exempt from securities regulations.

Details: New York Attorney General Letitia James announced a suit against the crypto exchange KuCoin on Thursday, specifically making note of the fact that it's the first such suit alleging that ether is a security.

In the weeds: The complaint takes pains to argue that ether (ETH) is a security under existing law.

Of note: In order to verify that various cryptocurrencies were available in the state on KuCoin, a detective bought and sold digital assets on the platform from within its boundaries.

KuCoin did not immediately respond to a request for comment.

The bottom line: The AG is seeking disgorgement of ill-gotten gains from New Yorkers, injunctive relief and other remedies.

Yes, but: What everyone in the distributed ledger industry will actually be watching is whether or not the court sustains New York's contention that the second largest cryptocurrency in the world should be regulated as a security.

Editor's note: This story has been corrected to state that ethers market capitalization is nearly $200 billion, not $200 million.

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New York AG goes after the Ethereum blockchain - Axios

Bitcoin briefly moved back above $25,000 on Thursday, as markets rebounded from a volatile session the day prior. The potential collapse of Credit Suisse was somewhat averted, following an intervention from the Swiss National Bank, which has helped calm markets. Ethereum mostly consolidated in todays session.

Bitcoin (BTC) rose back above the $25,000 level in todays session, as market volatility eased, as the Swiss National Bank moved to prevent a collapse of Credit Suisse.

Following a low of $23,964.91 on Wednesday, BTC/USD rallied to an intraday peak of $25,240.62 earlier in the day.

As a result of the move, bitcoin once again broke out of a key resistance level at the $25,050 zone.

Overall, BTC is now trading 15% higher from the same point last week, with the 14-day relative strength index (RSI) at its strongest point since February 20.

Currently, the index is tracking at 62.54, which is marginally below a resistance point at the 65.00 mark.

This ceiling remains the main obstacle preventing bitcoin bulls from surging back towards a recent high above $26,000.

Ethereum (ETH) on the other hand was mostly in the red, with prices falling back below the $1,700 mark.

ETH/USD hit a low of $1,616.63 earlier in todays session, which comes following a high at the $1,701.43 mark the day prior.

As a result of todays drop, the worlds second largest cryptocurrency moved below a key ceiling at the $1,675 point.

Looking at the chart, the decline came as the RSI failed to break out of a resistance level at 60.00.

At the time of writing, price strength is now tracking at 56.90, with the next visible point of support at 55.00

In the event bears land at this zone, there is a strong chance that ETH will be trading below $1,600.

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Could ethereum rebound in the coming days? Leave your thoughts in the comments below.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin, Ethereum Technical Analysis: BTC Moves Briefly Back ... - Bitcoin News

After the widely publicized collapse of the Silicon Valley Bank (SVB), accompanied by two other major banking institutions crashing and more at risk, investors seem to be increasingly flocking to the alternative solution cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

As evident from the declining portion of Bitcoin and Ethereum reserves on crypto exchanges, investors are seeking refuge in these digital assets out of fear that the banking crisis could spread to crypto businesses, as noted by blockchain and financial analysis platform Glassnode in a weekly newsletter sent out on March 13.

Specifically, the report stated that around 0.144% of all BTC and 0.325% of all ETH in circulation was withdrawn from exchange reserves, demonstrating a similar self-custody response pattern to the collapse of the crypto trading platform FTX.

On top of that, the platforms team stressed that these numbers spoke volumes about the growing level of investor confidence in crypto in recent weeks:

On a USD basis, the last month saw over $1.8B in combined BTC and ETH value flow out of exchanges. This is not necessarily large in relative scale. However, observing net exchange withdrawals, especially within the current hostile regulatory environment, does speak to a degree of investor confidence that is worth noting.

Meanwhile, Bitcoin has put some breaks on its recent progress, gaining only 0.17% on the day and at press time trading at the price of $24,674, as it began to consolidate the weekly increases of 13.64% and of 13.14% on its monthly chart.

At the same time, Ethereum has lost 1.17% in the last 24 hours, trading at the price of $1,672, but still up 8.97% compared to the previous seven days and 11.02% across the last month, as per the latest information retrieved on March 16.

Whether crypto manages to retain investors interest remains to be seen and will largely depend on the developing situation in the banking sector, in addition to the developments directly related to the cryptocurrency market and the wider macroeconomic landscape.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Banking contagion sparks crypto frenzy: investors rush to 'HODL ... - Finbold - Finance in Bold

You may be familiar with Ether, a distributed platform for consensus mechanisms. But what exactly are ERC-20 tokens for Ethereum?

On Ethereum, there are ERC-20 tokens because they are simple to make and follow a set methodology. Because of this, they are easier to utilize than other tokens.

Ethereum Code may perform all of their operations electronically using the trading platform Ether Software.

Well define ERC-20 currencies in this post and provide you with some instances of well-known ERC-20 tokens. Well also explain how to utilize and store them.

The Ethereum serves as the foundation for a particular kind of token known as an ERC-20 token, or Ethereum Proposal for Comments 20.

ERC-20 tokens are digital currencies that may stand in for many items.

For example, they may stand in for virtual shares, money, rewards, or anything else that can be split and distributed.

The fact that ERC-20 tokens are simple to trade and maintain is one of their main advantages. Because of this, they are perfect for a wide range of uses.

A smart contracts procedure is used to produce ERC-20 coins. An intelligent contract program that aids in the negotiation or fulfilment of a contract by facilitating, verifying, or enforcing it.

With ERC-20 tokens, an intelligent contract creates and manages a new ticket. An agreement and coding are required to produce an ERC-20 pass. The coding is a collection of directives explaining how to make and administer your new coin to the shared ledger.

Users may develop the software in any language. Still, it has to be translated into Solidity, a programming language created exclusively for building smart contracts for the Ethereum network.

You may generate your own token by making a payment to the consensus mechanism after you have your code. By doing this, a starting supply of tickets will be created and assigned to a specific address. After that, you may transmit these tokens to anybody you choose by transferring them to their account.

For its owners, ERC-20 tokens provide a wide range of advantages. To begin with, trading them is simple. It is because they are built on the Ethereum network, one of the worlds most widely used and widely-used distributed ledgers. Because of this, they are more liquid and simpler to trade than that other kind of tokens.

They are adaptable as well. ERC-20 certificates are based mainly on Hyperledger fabric and can be employed for various things. These cover making purchases of products and services and taking part in tokens.

Finally, they provide investors with a high level of security. It happens because they were created on the Bitcoin blockchain, which is renowned for its reliability and safety.

There are several uses for the ERC-20 token. They often function as a means of trading or exchanging passes for these other resources and raising money for new endeavours.

Most ERC-20 currencies are convenience tokens, which may be used to pay for products and services. Others are employed as crypto assets, which provide owners with an economic interest in the underlying enterprise.

So, if you were to purchase a new camera phone using an ERC-20 currency, you might do so by using a user token that users may use to purchase photographic gear. Alternatively, you can buy a security token if you wish to participate in a startup raising money using ERC-20 tokens.

An ERC-20 coin is created on Ethereum, which is its primary distinction from an Ethereum token. It indicates that it is compatible with Ethereums distributed architecture and may be exchanged there.

The direct benefit of an ERC-20 cryptocurrency is that it gains access to the Ethereum channels reliability and security. If youre looking for a form of payment that is suitable for international trade, Ethereum is a terrific choice.

The reasons for this are:

ERC-20 vouchers are simply one kind of money that relies on Ethereum. Ethereum certificates, however, are not developed on the Ethereum platform and are incompatible with Ethereum marketplaces.

Although they have no intrinsic worth, users can use them to symbolize almost anything. Make careful to do thorough research before investing in either ERC-20 token. Frauds abound; if youre not vigilant, its simple to fall victim to one.

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What Are the Ethereum Network's ERC-20 Tokens? - Robotics and Automation News

The popularity of OpenAIs text-based artificial intelligence (AI) platform ChatGPT has reinvigorated the publics interest in the underlying technology due to its utility in multiple areas, and one cryptocurrency exchange executive has decided to test its abilities in finding flaws in Ethereum (ETH) smart contract.

Specifically, Conor Grogan, director of crypto trading platform Coinbase, has dumped a live Ethereum contract into the newest version of the popular chatbot, GPT-4, and it highlighted multiple security vulnerabilities and surface areas where the smart contract could be exploited, as he said in a Twitter post on March 14.

Additionally, Grogan posted screenshots of the AI bots analysis, which indeed seem to show that ChatGPT is capable of correctly identifying critical issues and vulnerabilities, as it concluded that the analyzed smart contract should not be used, as it contains critical vulnerabilities and is based on an illegal scheme.

That being said, some disagreement arose in the comments regarding whether the new version of the AI tool was able to discover these smart contract vulnerabilities on its own or was just highlighting old information about it already available online.

Indeed, Grogan did specify that the contract in question was hacked in 2018 using the flaws that the AI tool was pointing out, which led several commenters to state it was simply listing the issues that had already been made public before its training data cutoff in September 2021, and that it might not be as accurate with an unseen smart contract that was never exploited before.

Regardless of whether ChatGPT was able to dig out the vulnerabilities in the smart contract on its own or was just regurgitating the information already available online, its capabilities are still significant and potentially useful in auditing smart contracts, as well as in other areas in the cryptocurrency sector, such as in making educated guesses about the future price of cryptocurrencies like Polygon (MATIC).

That said, some critics, including Tesla (NASDAQ: TSLA) CEO Elon Musk, have expressed their views that ChatGPT may be biased in discussing certain topics that are considered controversial, which has allegedly led Musk to start contemplating the possibility of creating a ChatGPT alternative as he joked about the need for TruthGPT.

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Test: New ChatGPT-4 instantly identified Ethereum smart contract ... - Finbold - Finance in Bold

Valletta, Malta - (NewMediaWire) - March 15, 2023 - Ethereum Mixer (ETH Mixer) has emerged as an Ether Tumbler that helps to enhance the privacy and anonymity of Ethereum users by allowing them to mix their digital assets with other users.

In the latest development in the crypto world, Ethereum mixer experts to protect anonymity & making transactions untraceable in 2023. The tool helps to enhance the privacy and anonymity of Ethereum users and allows them to mix their digital assets with other users. The user's Ethereum can take it and mix it with other users' Ethereum and then send the mixed Ethereum back to the original user. This process becomes difficult for anyone to trace the original source of Ethereum, enhancing the user's privacy and anonymity.

Ether Mixer works by mixing Ethereum coins with those of other users. With the use of ETH Mixer, users are allowed to visit the ETH Mixer website and follow the instructions provided. After that, the users are prompted to enter the Ethereum address to which they want the mixed coins sent. The tool enables the users asked to provide a destination address, which is the address to which they want the mixed Ether coins to be sent. This address can be any Ethereum address, including the user's address.

Ethereum Mixer also takes the Ether coins and mixes them with Ether coins from other users. The process sends the crypto coins through multiple wallets before sending them to the destination address. In that way, the original coins are broken up into a lot of smaller transactions, making it difficult to trace the original source of Ethereum.

ETH Mixer provides their users with maximum privacy. By using the Ethereum Mixer, users can enhance their privacy and anonymity, as it becomes more difficult to trace the original source of the coins.

In addition, Ether Mixer provides security services as well. By utilizing the Ethereum Mixer services, the user's Ethereum coins are mixed with those of other users, making it difficult to identify the original source of the coins. This can help to protect users from theft and fraud, as it becomes more difficult for attackers to target specific wallets.

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Ethereum Mixer takes security very seriously and employs a number of measures to protect users' Ethereum coins. The main security measure used by Ethereum Mixers is encryption. All transactions on Ether Mixers are encrypted, which helps to protect users' privacy and prevent attackers from accessing their coins.

Ethereum Mixer also uses a secure SSL connection to protect users' data. All data sent between the user's browser and the Ethereum Mixing website is encrypted and cannot be intercepted by attackers.

Including more, Ethereum Mixer uses a secure server infrastructure to protect users' coins. The Ether Mixer servers are located in a secure data center in an unknown place, protected by physical and electronic security measures. This helps to ensure that users' coins are safe and secure at all times.

About Ethereum Mixer:

Ethereum Mixer is an essential tool used to enhance the privacy of Ethereum transactions. By breaking down transactions into smaller amounts and mixing them with other transactions, Ethereum mixing makes it almost impossible for anyone to trace a transaction back to its original sender. By using an Ethereum Mixer, users can increase the privacy and security of their cryptocurrency.

More details about Ethereum Mixing and the Ether Mixer platform can be gathered through the official website Ethereum-Mixer-ETHMixer.com.

Contact name: Jane Doe

Company name: Ethereum Mixer (ETH Mixer)

Email: ethereum@mixer.com

Website: http://www.ethereum-mixer-ethmixer.com

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Ethereum Mixer Offer to Protect Anonymity & Making Transactions Untraceable in 2023 - Yahoo Finance

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The discussions on the importance of blockchain technology are gaining momentum and two of the most versatile Layer-1 protocols, Ethereum (ETH) and VeChain are gaining momentum in related conversations globally.

According to a research paper published by the Multidisciplinary Digital Publishing Institute (MDPI), Greek researchers led by Evripidis K. Kechagias, the ways in which Ethereum can be used to advance traceability in the Food supply chain ecosystem were highlighted.

According to the researchers, there are a number of complicated processes involved in the supply chain ecosystem that is often overwhelming and cause a lag. One of the major challenges is the issue of traceability which can cause a lot of regulatory problems for producers and distributors.

While the issue of traceability is an ancient one, blockchain technology appears to be a viable solution that can change things around. The research paper thus presents a framework that showcases how Greek Olives producers can utilize the Ethereum protocol to optimize their current approach to Traceability in their supply chain practices.

The paper also presents a methodological framework, which can help anyone aiming to implement an Ethereum decentralized application and demonstrates the practical use of the developed application by a Greek table olives producer. The application significantly improved the producers product traceability by providing a secure, transparent, and efficient solution for tracking and tracing the products in the supply chain, an excerpt from the papers Abstract reads.

Ethereum is considered one of the most robust smart contract protocols and arguably the largest in terms of its Total Value Locked (TVL) which is now pegged at $27.9 billion according to data from DeFiLlama. With its growing relevance, Ethereum is now considered a flexible fit by the Greek scientist for their Traceability in Supply Chain innovation.

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While the role of Ethereum as the biggest smart contract protocol in the crypto ecosystem is acknowledged, the role of other Layer-1 protocols like VeChain in key technological innovations cannot also be shoved aside.

In recognizing the role of VeChain in the supply chain world, the Greek researchers also mentioned VeChain with regard to its usage by the China Animal Health and Food Safety Alliance (CAFA). The research team highlighted the role of VeChain to improve food safety and quality control while providing transparent information to consumers by providing a food traceability certification system for CAFA members, enabling them to track the entire life cycle of food products, from production to distribution and sale.

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Since its inception, VeChain has played a very definitive role in innovations that are best suited for enterprise adoption. Build as a very scalable, fast, and flexible protocol, VeChain has joined the fight against Climate Change and sustainability management, a role that has earned it wide acclaim even among its crypto peers.

In all, it has been proven that blockchain protocols can help rebrand the multi-billion dollar supply chain industry.

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Ethereum & Vechain showcase how blockchain technology ... - Crypto News Flash

March 16, 2023 11:00 AM | 1 min read

Over the past 24 hours, Ethereum Classic's (CRYPTO: ETC) price has fallen 3.95% to $18.79. This is opposite to its positive trend over the past week where it has experienced a 1.0% gain, moving from $18.51 to its current price.

The chart below compares the price movement and volatility for Ethereum Classic over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

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The trading volume for the coin has climbed 120.0% over the past week, moving opposite, directionally, with the overall circulating supply of the coin, which has decreased 1.29%. This brings the circulating supply to 139.95 million, which makes up an estimated 66.42% of its max supply of 210.70 million. According to our data, the current market cap ranking for ETC is #27 at $2.63 billion.

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Cryptocurrency Ethereum Classic Decreases More Than 3% Within 24 hours - Benzinga