Singapore-based digital asset exchange Crypto.com is launching support for the newly forked Ethereum (ETH) Proof-of-Work token and a Web3 lifestyle altcoin.
The exchange’s clients can now trade on EthereumPoW (ETHW), which aims to function in the same way as pre-merge Ethereum existed on a proof-of-work blockchain.
ETHW is trading at $6.26 at the time of writing. The new crypto asset is down 32.5% over the past seven days.
EthereumPoW plunged from trading around $8.00 on Sunday to a low of $4.17 at one point Monday after blockchain security firm BlockSec reported The project dealt with an exploit.
1/ Warning | BlockSec has found that exploiters continue to play the message (call data) of the PoS chain @EthereumPow. The root cause of the exploitation is that the bridge does not correctly verify the actual chainid (which it manages itself) of the cross-chain message.
— BlockSec (@BlockSecTeam) September 18, 2022
Crypto.com also listed STEPN (GMT), a Web3 blockchain-based fitness and lifestyle app. The project is a move-to-earn game that rewards users with in-game currency for walking, jogging, or running. The game currency can be paid out profitably.
STEPN, which launched in early March, saw massive growth before momentum faltered around late May.
The project’s native token, GMT, is trading at $0.638139 at the time of writing. The 101st crypto asset by market cap is up more than 6.6% in the past 24 hours but is down nearly 4.7% over the past week. It also remains more than 84% below its all-time high of $4.11, which it hit in late April.
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