In a turbulent crypto environment marked by Curve Finance’s 20% drop and Binance’s recent attack, a rising star is emerging: Tradecurve. Currently in its presale phase, Tradecurve is on course to raise an impressive $20 million, distinguishing itself as a beacon of success amidst the chaos. Let’s take a closer look at these two news events.
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Tradecurve (TCRV)’s Ongoing Presale Success Amid Binance (BNB) and Curve Finance (CRV) Attacks
Tradecurve has successfully transitioned to the fifth phase of its presale after selling over 100 million TCRV tokens at $0.018 each in the previous stage. In this new phase, the TCRV tokens are priced at $0.025, with over 20 million sold in just a matter of days.
But what exactly sets Tradecurve apart? Positioned as a pioneering hybrid exchange, Tradecurve merges the advantages of both centralized and decentralized trading platforms. It’s a groundbreaking concept that promises to reshape the landscape of digital asset trading.
One of Tradecurve’s distinguishing features is its capacity to offer trading across a diverse range of assets. This includes cryptocurrencies forex, commodities, and company stocks. Finally, traders can manage a diversified portfolio from a single platform without the hassle of managing multiple accounts.
Tradecurve’s approach to user identity also differs significantly from conventional platforms. Rather than enforcing complex KYC/AML procedures, Tradecurve permits anonymous trading, with registration as straightforward as supplying an email address and making a crypto deposit.
Industry analysts are taking note of Tradecurve’s potential, suggesting that it could rise to become a leading crypto exchange. This would see TCRV rise exponentially beyond $1.00, offering investors an unprecedented chance of return.
Curve Finance (CRV) Drops 20% While Tradecurve Stays On Course to Raise $20 Million
July 30 marked a dark day for Curve Finance and the broader DeFi community, as a significant security breach exposed a weakness in several versions of the Vyper programming language. This flaw allowed malicious actors to exploit Curve Finance pools, resulting in losses estimated at around $47 million.
The ripple effect of this security breach extended beyond Curve Finance, reaching other DeFi protocols, such as the Binance Smart Chain. These simultaneous exploits underscored the interconnected risks within the DeFi ecosystem.
The market’s reaction to the Curve Finance exploit was predictably negative, with the price plunging from $0.74 to $0.4850 within 48 hours of the incident. Though a rebound to $0.56 indicated some resilience, the market is still down from its pre-exploit levels.
This news had zero impact on Tradecurve’s mission, however. While the market was reacting to the Curve Finance exploit, phase 4 of the Tradecurve presale sold out in record time.
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Binance (BNB) Faces a Similar Attack
In a chilling echo of the Curve Finance incident, Binance experienced a similar security breach. Malicious actors managed to exploit the same flaw in the language, leading to a staggering estimated loss of $73,000.
This incident, alongside an already declining trend, further pushed the Binance price to $235. Analysts suggest that while Binance may remain bearish, the $200 price level could provide substantial support for Binance.
These programming faults are exactly why Tradecurve has conducted a full protocol audit and passed a security review from Cyberscope. The Tradecurve team has even made the audit publicly accessible on its website for transparency.
This attack isn’t the end of Binance’s problems, as the U.S. DoJ is actively prosecuting Binance for fraud. However, officials are concerned that these charges could cause a bank run and affect U.S. customers. Either way, the Binance price is expected to remain bearish for the next few months.
For more information about the Tradecurve (TCRV) presale:
Website: https://tradecurve.io/
Buy presale: https://app.tradecurve.io/sign-up
Twitter: https://twitter.com/Tradecurveapp
Telegram: https://t.me/tradecurve_official
