We cover what is the average web developer salary in 2021 news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. Notably, Platypus’ stablecoin USP was a newly launched project, having been live for only ten days. The stablecoin debuted on February 6, 2023, and the exploiter attacked on February 16, making away with almost $8.5 million.
Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. The most active and popular exchanges for buying or selling PTP are Binance, Kucoin & Kraken. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor. It’s important to note that current Platypus Finance market capitalization is $3,291,815, and the maximum supply is 300,000,000 PTP coins.
It is also the building block for enabling more synthetic assets and algo stablecoins. We believe that Platypus’ unique design will make us a more compelling StableSwap DEX than our competitors. The Platypus hack comes as crypto remains rife with exploits and manipulations. As reported, the industrylost approximately $4 billionworth of digital assets to hacks, fraud, scams, and rug pulls last year. The user added that Platypus sent the USDC from the fake pool to hardcoded addresses to avoid generalized front runners.
We examine historical price, have advance charting tools and a gauge that conducts technical analysis to indicate a potential entry and exit. A unique filtering tool to help you cut through the market noise and find potential opportunities across all sectors. For each sector we analyze the sentiment towards the latest news search on google indicating whether its bullish or bearish. Owners of a Crypto Platypus NFT can stake their collectible on the site, putting it into a state of hibernation. Holding a crypto platypus NFT enables you full access to the Terminal (valued at $7050). Like Platypus, cryptocurrencies and Bitcoin can be viewed as category creators with their unique attributes questioning whether it’s a potential currency, commodity, or digital gold.
Traders usually interpret a death cross as a bearish signal for future price action, but the actual usefulness of this metric is controversial. The Platypus golden cross, on the other hand, is generally interpreted as bullish and happens when the 50-day SMA rises above the 200-day SMA. The Relative Strength Index momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold or overbought . Currently, the RSI value is at 41.17, which indicates that the PTP market is in a neutral position. To check Platypus Finance’s price live in the fiat currency of your choice, you can use Crypto.com’s converter feature in the top-right corner of this page.
What is the current Platypus sentiment?
The cryptocurrency’s market Price changes in percent within the last 24 hours . A tweet from crypto “on-chain sleuth” ZachXBT has called out a now-deleted Twitter account going by @retlqw, alleging that the addresses identified by Platypus are linked to the account. Platypus traders use a variety of tools to try and determine the direction in which the PTP market is likely to head next. These tools can roughly be divided into indicators and chart patterns.
These digital assets are secured on a distributed ledger called the “blockchain.” The first cryptocurrency was Bitcoin which was introduced in a whitepaper by pseudonymous creator Satoshi Nakamoto. The Platypus USD price today is $ per USP with a live market cap of $ USD. The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency’s lifetime. We regret to inform you that our protocol was hacked recently, and the attacker took advantage of a flaw in our USP solvency check mechanism.
The https://coinbreakingnews.info/ on the price of Platypus Finance and other related information presented on this website is obtained automatically from open sources therefore we cannot warrant its accuracy. COINCOST is in no way related to the cryptocurrency Platypus Finance, its developers and representatives. The auditor claims that the contract implementation at Avalanche C-Chain address 0xc007f27b757a782c833c568f5851ae1dfe0e6ec7 is the one that was exploited.
The misordered lines caused a solvency check to be performed before the user’s amount, factor and rewardDebt had been set to zero. Due to a lack of data, this crypto may be less suitable for some investors. You can view the latest Platypus Finance price changes to better view its recent performance.
What is the fully diluted valuation of Platypus Finance (PTP)?
The market capitalization of Platypus can change significantly in a short period of time. Platypus is an automated market maker built on the Avalanche blockchain where crypto traders can swap stablecoins. It has $59 million worth of digital assets locked on the protocol, significantly less than the all-time high of $1.2 billion reached last March, data by DefiLlama shows. The Platypus USD price page is part of Cryptocurrency Price Index that features live price charts, price performance, market cap and trading volume for the top cryptocurrencies. Platypus Crypto is an ad-free cross-platform robust solution for tracking cryptocurrency assets.
- The most popular is to buy cryptocurrency on a regulated cryptocurrency exchange like Coinbase.
- 1-hour, 4-hour and 1-day candlestick charts are among the most popular.
- Receive unique insights on promising crypto projects, and gain a deeper understanding of their team, technology, tokenomics, application, adoption, future outlook and technical analysis.
- They updated it such that when the exploit contract deposited the USDC as collateral for the minting of USP, they could trick the code that it owed 0 USDC back, Twitter user nervoir said.
- The USDC from the fake pool was sent to hardcoded addresses to avoid generalized front runners, nervoir tweeted.
- With this help, the attacker can only get a small fraction of the original stolen funds.
“The other assets will probably be harder to recover but given that they control the pool code they have significant control,” they said. The project detailed that nearly $8.5 million worth of funds were stolen from the main pool. As a result, the Platypus USD stablecoin became de-pegged from the U.S. dollar, dropping to an all-time low of $0.33, down more than 66% compared to its intended $1 peg. Platypus’s current circulating supply is 14.10M PTP out of max supply of 300.00M PTP. In terms of market cap, Platypus is currently ranked #131 in the Tron Network sector. Adding Platypus USD to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more.
Platypus’s compensation plan for users
They used a flashloan to exploit a logic error in the USP solvency check mechanism in the contract holding the collateral. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the PTP price moves above any of these averages, it is generally seen as a bullish sign for Platypus. Conversely, a drop below an important moving average is usually a sign of weakness in the PTP market. The RSI is a very popular technical indicator used to analyze prices of a variety of assets, including Platypus. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels.
Platypus Finance’s current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 1.12 Million. Cryptocurrency works with the help of the blockchain, miners or validators and the users. Once one user sends a cryptocurrency to another, cryptocurrency miners validate and then add the transaction to the blockchain. Each transaction is cryptographically encoded and validator nodes compete to solve this cryptographic puzzle.
The Central Bank of Nigeria continues to develop its central bank digital currency , the eNaira, but this time… Needs to review the security of your connection before proceeding. The table above shows the price and ROI of Platypus today and previous years on the same date . Each Platypus is unique and has been generated from more than 100 traits.
You will receive an email with instructions for how to confirm your email address in a few minutes. The community is bearish as more than 66% of users are feeling bad about Platypus Finance today. Increase from one day ago and signalling a recent rise in market activity. This chart allows to forecast the Platypus Finance PTP price change according to the number of people searching for it in Google. The earliest trading data for Platypus Finance is on December of 2021 .
Frauds, scams, and rug pulls comprised only 4.4% of the total losses. The Platypus Finance to USD chart is designed for users to instantly see the changes that occur on the market and predicts what will come next. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider.
You can copy USP’s contract address and import it manually, or if you’ve installed MetaMask’s chrome extension, add USP to MetaMask with one click on CoinGecko. This is a statistical representation of the maximum market cap, assuming total number of 65 Million ETH tokens are in circulation today. Market cap is measured by multiplying token price with the circulating supply of USP tokens . Each Crypto Platypus NFT holder has access to exclusive events in the owner-only Discord. These are invitation only events that include the likes of prominent leaders in the crypto and business community in a luxury setting. In addition, once inside the owner-only Discord you will have access to upcoming projects and much more.
She strongly believes that crypto is going to transform the world for the better. According to the firm, different parties, including legal enforcement officials, are currently involved in the funds’ recovery process. Further details about the next steps will be disclosed soon, noted Platypus.