2021-7-30 07:57 |
Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events.
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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.
Loopring (LRC) has seen a significant surge in its price, rising by an impressive 107% in just one month against the backdrop of an impressive Bitcoin (BTC) performance and a successful Ethereum Dencun upgrade.
The crypto market is having a poor start to the week, and Loopring has already lost more than 9% of its value today. LRC, the native coin of the Loopring ecosystem, is down by more than 9% in the last 24 hours.
The Loopring (LRC) coin has been on a strong bullish trend since March 15 registering an 87. 1% rise over the past two weeks. Analysts expect the coin to continue on the same bullish trajectory at least for the remaining part of the first quarter of 2022.
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Loopring (LRC) has been on a relentless bull run in the last few months as the blockchain tries to fill in the gap for a platform that decentralized application (DApp) developers can use to develop decentralized exchanges.