As we near the end of 2024, the crypto landscape is reeling from alarming cyber threats, as highlighted in the recent report released by the web3 security firm Cyvers. This report has unveiled staggering losses exceeding $2.36 billion due to cybercrime incidents affecting this increasingly decentralized market. These figures reveal a worrying 40% increase compared
Crypto
A recent survey conducted by P2P.org, a provider of blockchain infrastructure, reveals the intricate landscape of cryptocurrency adoption among institutional investors. Engaging over 15 notable participants including intermediaries, investment funds, and venture capital firms, the study provides insights into the diverse challenges and emerging trends that these institutions face as they navigate the volatile crypto
The cryptocurrency market is notorious for its volatility, and XRP, Ripple’s digital currency, has recently experienced a prime example of this reality. Following a period of optimism fueled by Ripple’s announcement regarding its much-anticipated stablecoin, XRP’s value skyrocketed from around $2.4 to approximately $2.7. This surge reflected not only a positive sentiment among investors but
In an unexpected strategic pivot, Cango Inc., a Shanghai-based car dealership, has shifted its focus from traditional automotive transactions to dive headfirst into the burgeoning world of cryptocurrency. With a monumental acquisition of $256 million to secure 32 exahashes per second (EH/s) of hashing power from Bitmain Technologies, Cango not only embraces the digital economy
The evolving landscape of non-fungible tokens (NFTs) and blockchain gaming has ushered in exciting opportunities for creators and developers. However, with innovation comes regulatory challenges. CyberKongz, an NFT project built on gaming, recently found itself at the center of such challenges following the issuance of a Wells Notice by the U.S. Securities and Exchange Commission
The cryptocurrency landscape in 2024 witnessed a compelling juxtaposition: while crypto asset prices skyrocketed, user engagement across multiple prominent blockchains displayed a more nuanced narrative. The report released by Flipside, a blockchain analytics platform, highlights critical insights into user acquisition and retention within the crypto sphere. This examination of user data suggests that while some
The recent turbulence in the cryptocurrency market has thrown into sharp relief the interplay between human emotions and trading behavior. In what has been described as one of the most erratic weeks in recent cryptocurrency history, Bitcoin’s price danced between highs of $108,000 and lows of $92,000 within a matter of days. Such dramatic price
In the fast-paced world of cryptocurrencies, where information spreads like wildfire, misinformation can wreak havoc, especially when coupled with a lack of robust cybersecurity measures. Recently, the social media account of Vivek Ramaswamy, co-lead of the newly formed Department of Government Efficiency (D.O.G.E.), fell victim to a hacking incident that not only compromised his account
The cryptocurrency market, often perceived as a wonderland of immense gains and bullish trends, recently took a sharp downturn that serves as a wake-up call for investors and enthusiasts alike. Despite previous weeks heralding an uptrend with Bitcoin reaching new heights, the market quickly reminded participants of its notorious volatility. This past week witnessed a
The world of cryptocurrencies is known for its volatility, with dramatic swings occurring in mere days. This month, Bitcoin (BTC) and various meme coins have experienced substantial declines, highlighting underlying market pressures and investor sentiment. While such fluctuations can be frustrating for traders and hodlers alike, they also provide a glimpse into potential future movements
