Bitcoin rose during Wednesday trading as demand for cryptocurrencies surged despite fears of escalating global tensions and continued pressure on the crypto asset market.
In the latest attack on cryptocurrency platforms, startup Nomad announced that its application, which allows users to switch tokens from one blockchain to another, was hacked due to a flaw in its code, and $200 million was stolen from users.
In addition, MicroStrategy Chairman Michael Saylor announced that he is leaving his CEO position to focus on the fund’s strategies and invest in bitcoin, indicating widespread interest in the software and crypto business.
Bitcoin is up 1.81% to $23,381, according to data from Coinbase. The second largest cryptocurrency by market cap, Ethereum, also rose 0.75% to $1,655.06, while Ripple also surged to 37 cents.
Source: El Iktisad
