New Bitcoin Predictions Targets: Citi, JPMorgan Go Massive

The post Flare Mainnet Launches FXRP, Bringing XRP Into DeFi appeared on BitcoinEthereumNews.com. Flare’s FAssets protocol converts cryptocurrencies like XRP that aren’t smart contract enabled into assets that can be utilized in DeFi on Flare and other applications. To guarantee FAssets maintain the highest levels of safety, trust, and dependability for both institutions and the XRP community, the Flare Foundation will keep making investments in strong, scalable security mechanisms. FAssets, beginning with FXRP v1.2, are now live on the Flare mainnet. Now that the first FAsset has finally been launched, holders of XRP may mint FXRP on Flare and begin using XRP throughout Flare DeFi. The XRP DeFi awakening is just getting started. A quick refresher on FAssets Flare’s FAssets protocol converts cryptocurrencies like XRP that aren’t smart contract enabled into assets that can be utilized in DeFi on Flare and other applications. They are one-to-one copies of the original asset (XRP to FXRP, for example), protected by Flare’s codified data standards and an overcollateralized structure of independent agents. As a consequence, Flare’s composable decentralized financial ecosystem, which includes DEX trading, lending, stablecoin minting, liquid staking, and other use cases, becomes fully accessible to non-smart contract assets. FAssets are built for composability. FXRP may travel freely within Flare’s DeFi ecosystem when it is minted. This eliminates the need for unique workarounds and enables protocols to use FXRP directly as a native building block. How is FXRP secured? FAsset security is a continuous effort rather than a one-time achievement. In addition to Immunefi-powered bug bounties and community-driven evaluations like Code4rena, the system has already completed at least four independent audits by reputable companies like Zellic and Coinspect. Additionally, Hypernative keeps a close eye on the FAssets system and the DeFi apps on Flare around-the-clock. Comprehensive security and fast reaction procedures are also in place. Why are there so many layers? Because FAssets oversee high-value, intricate processes…

The post Here’s Why Pi Network is Not Processing Your Payment Requests appeared on BitcoinEthereumNews.com. Members of the Pi Network community are raising alarms

The post Hypervault Goes Dark, Users Register $3.6M in Losses appeared on BitcoinEthereumNews.com. Reports indicate that Hypervault, a project part of the Hyperliquid ecosystem, has disappeared overnight with over $3.6 million in user funds. Peckshield highlighted that most of these funds were bridged to Ethereum, and then 752 ETH was sent to Tornado Cash. Hypervault Rugpulls, Leaves Users Facing Losses for Over $3.6 Million Hypervault, a Hyperliquid-based decentralized […] Source: https://news.bitcoin.com/hypervault-goes-dark-users-register-3-6m-in-losses/