Crypto.com Adds Trading Support for Newly Forked EthereumPoW (ETHW) Token and Web3 Lifestyle Altcoin
Singapore-based digital asset exchange Crypto.com is rolling out support for the newly forked Ethereum (ETH) proof-of-work token and a Web3 lifestyle altcoin.
The exchange’s customers can now trade EthereumPoW (ETHW), which aims to operate in the same way as pre-merge Ethereum, which 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% in the last seven days.
EthereumPoW plunged from trading around $8.00 on Sunday to a low of $4.17 at one point on Monday after blockchain security firm BlockSec reported the project was about an exploitation.
1/ Notice | BlockSec discovered that exploiters are replaying the message (call data) from the PoS chain @EthereumPow. The root cause of the exploit is that the bridge does not correctly verify the actual chain ID (which is maintained by itself) of the cross-chain message.
— BlockSec (@BlockSecTeam) 18 September 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 in-game currency can be cashed out for profit.
STEPN, which launched in early March, experienced massive growth until momentum stalled around the end of May.
The project’s native token, GMT, is trading at $0.638139 at the time of writing. The 101st-ranked crypto asset by market capitalization is up more than 6.6% in the past 24 hours, but down nearly 4.7% in the past week. It’s also down more than 84% from its all-time high of $4.11, which it hit in late April.
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