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crypto.news

Tectonic’s $75M exploit was not an oracle failure, RedStone co-founder says

RedStone has said Tectonic’s estimated $75 million exploit resulted from weak collateral controls rather than an inaccurate oracle after TONIC’s reported price rose about 100-fold in 20 minutes. RedStone co-founder Marcin Kazmierczak told crypto.news that the oracle accurately reported TONIC’s…

crypto.news

Chainlink brings US economic data to 10 blockchains

Chainlink has made six official U.S. economic data feeds covering GDP, inflation, and private domestic demand available across 10 public blockchain networks. Chainlink said the U.S. Department of Commerce is using its oracle infrastructure to distribute macroeconomic statistics produced by…

crypto.news

Bitcoin slips below $77.5K as macro pressure offsets ETF inflows

Bitcoin traded near $77,500 on Sept. 1 as rising oil prices, higher bond yields and renewed US rate-hike concerns outweighed strong spot ETF inflows, while short-term technical indicators pointed to weakening momentum. Bitcoin price loses short-term support According to data…