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Popular crypto strategist Michaël van de Poppe is mapping out what's ahead for a half dozen of altcoins including Binance Coin (BNB) and Chainlink (LINK).
The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04. Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge.
Harmony (ONE) price analysis indicates a bullish outlook for the day. The price opened lower but recovered quickly to test the session high of $0.029.
Harmony rose to prominence in the first quarter of 2022 before the infamous $100 million hack in the following quarter. The protocol was at hand to receive major losses in tandem with the broader cryptocurrency market.
In order to reimburse the victims of the Horizon bridge hack that saw around USD 100m of user funds stolen, Layer-1 blockchain Harmony has proposed to mint billions of its ONE tokens. Harmony would have to hard fork and increase the supply of ONE to mint new tokens.
Harmony lost $100 million in Ether due to the bridge exploit one month ago. However, the Harmony to reimburse 4.97 billion drives a backlash.
Harmony founder, Stephen Tse, has responded to community concerns over the recent reimbursement proposal involving the minting billions of ONE. Mr. Tse states that he has noted the community's suggestions and met with the team to discuss a way forward.
Harmony submitted the reimbursement plan on its network's governance to mint billions of its ONE tokens.
Community members have criticised Harmony's proposal to mint $4.97 billion worth of its native token, ONE.
Harmony is planning a hard fork to mint billions of new harmony (ONE) tokens to reimburse victims of its bridge hack last month.
Harmony is planning a hard fork to mint billions of new harmony (ONE) tokens to reimburse victims of its bridge hack last month.
Harmony developers are looking into ways to remedy victims of a recent hack, but investors aren't supporting the new proposals.
"You can't print more tokens out of thin air and expect me to essentially pay back those affected by the hack," one disgruntled user says.
The team behind the Harmony protocol has announced a potential reimbursement plan for victims of the Horizon bridge hack that includes minting over 2 billion ONE tokens. The post Harmony (ONE) Proposes Minting New Tokens to Reimburse Hack Victims appeared first on BeInCrypto.
The Harmony Protocol team has proposed a reimbursement plan that involves hard-forking the chain. The plan involves two options: minting 4.97 billion ONE for full reimbursement or 2.48 billion ONE for 50% reimbursement.
Developers behind blockchain network Harmony have proposed minting up to 4.97 billion in its native token ONE to compensate victims of the $100 million Horizon Bridge exploit in June.
Harmony offered to reimburse the hack victims by minting new tokens but the community is seemingly not happy about the proposal. Why is that, we find out today in our cryptocurrency news.
Harmony's core team has proposed a hard fork to mint billions of new harmony (ONE) tokens. But its community seems to be against the idea. The post Harmony proposes minting billions of ONE tokens to pay back hack victims appeared first on The Block.
The Harmony protocol has been getting some flak since the company revealed a hard-fork plan that will generate approximately 5 billion of its native tokens to compensate the victims of the $100 million Horizon Bridge hack that occurred last month.
The Harmony (ONE) team has announced a proposal that seeks to have victims of the Horizon bridge hack reimbursed using the blockchain network's native token ONE. The reimbursement plan, the team said, is part of the Harmony team's efforts to refund the $100 million hack victims.
Coinspeaker Harmony Faces Criticism after Offering to Reimburse Community by Minting Billions of Tokens
The Harmony blockchain network has issued a new proposal that will see the platform developers issue ONE tokens to compensate
Harmony Protocol proposes compensation of ONE 4.97 billion to victims of the June Horizon bridge attack that caused up to 100 million USD in damages. In the proposal posted this morning, Harmony said the hack significantly affected 65,000 wallets holding more than 14 different assets.
Harmony has proposed a plan to run a hardfork and issue more ONE tokens to reimburse users impacted by the recent $100 million exploit on its Horizon bridge. However, the community is furious about it.
