Top News Headlines October 10th

This is Novo News. Here are the latest headlines for October 10th. Top 11 DeFi Cross-Chain Bridge Attacks of 2022: Hackers Bag Over $2 BillionThe recent BNB Chain hack is yet another on the list of major DeeFi attacks that have occurred. Since July 2021, 11 large cross-chain bridge attacks have occurred, with hackers bagging more than $2 billion. Here is a look into the most memorable attacks of 2022 and what went wrong, and how hackers got away with.Ethereum Could See A 15% Drop This Week – A Retreat To The $1,000 Support?Ethereum managed to stay in the green zone of the crypto space for the past seven days and raised its price by 3.7%. Ethereum is currently caught in an inverted pennant pattern. Will this result in a resumption of the bearish trend? Some analysts believe that the asset is headed for a significant price correction and bearish momentum. Will the bulls or the bears prevail? Bitcoin Mining Difficulty Skyrockets 13% After Highest Increase Since May 2021The Bitcoin Mining Difficulty Skyrocketed 13%. This is the highest increase in the Bitcoin mining difficulty since May of last year. The latest pre-programmed bitcoin mining difficulty adjustment increased the metric by levels not seen in over a year to a new all-time high. The hash rate has also been gradually rising lately, leading to a record of its own.
Jim Cramer Calls Out Crypto Investors To Bet Against HimRightly or wrongly, the in-joke among investors is that you should maybe do the opposite of what CNBC’s Jim Cramer suggests in his market advice. Recently Tuttle Capital Management filed with the SEC for two exchange-traded funds. The first, Long Cramer ETF, will go long on Cramer’s suggestions and the Inverse Cramer ETF will short them.Demand For Talent In Crypto Less Dependent On Market As Industry Matures Demand For Talent In Crypto is less dependent on the market as the industry matures. Historically, bull and bear market cycles in crypto tend to correlate with the amount of talent that enters the space. As demand for jobs in crypto increases, salaries start moving up. Shalupau believes the main driver however is the amount of VC money in the space, which is now chasing a limited talent pool. He said projects are going for talent with a strong technical background and desire to learn crypto, rather than for talent with strong previous technical experience.McCrypto: McDonald’s Accepts Bitcoin in the Swiss City of LuganoMcDonald’s fast-food chain now accepts Bitcoin payments in the Swiss city of Lugano. Tether and the local token is also accepted. As part of its collaboration to develop the blockchain hub, Tether said it would allocate at least $107 million to a dedicated fund.These and more stories can be found on Novo news dot io.