As we approach the closing chapter of 2024, the pervasive threat of cybercrime within the cryptocurrency sector has reached alarming heights, as elucidated in the recent Security, Fraud, and Compliance Report conducted by Cyvers, a prominent player in web3 security. The report indicates that the cryptocurrency ecosystem has suffered a staggering loss of over $2.361
Crypto
A recent survey conducted by P2P.org, a provider of blockchain infrastructure, sheds light on the hurdles and emerging trends that are shaping the adoption strategies of institutions in the cryptocurrency space. This survey, which garnered insights from over 15 key players in the sector—including intermediaries, investment funds, and venture capital firms—reveals critical data about how
Ripple (XRP) is no stranger to market fluctuations, a reality exemplified by its recent dramatic price shifts amid a broader cryptocurrency market downturn. From an exhilarating surge above $2.7 to a painful drop below $2 in mere days, XRP has demonstrated the volatile nature of digital assets. This article will delve into the factors influencing
Cango Inc., previously known for its automotive transaction services based in Shanghai, has announced a dramatic strategic pivot into the world of Bitcoin mining. With a substantial investment of $256 million for a significant acquisition of 32 exahashes per second (EH/s) of hashrate from Bitmain Technologies, Cango is positioning itself as a fierce competitor in
In a notable turn of events within the blockchain gaming landscape, CyberKongz has found itself under the regulatory microscope of the U.S. Securities and Exchange Commission (SEC). On December 16, the NFT-focused gaming project announced that it had received a Wells Notice from the SEC, raising serious concerns about their integration of the ERC-20 token
The cryptocurrency landscape in 2024 has been marked by dramatic price increases, yet surprisingly, the growth in on-chain users has not mirrored this momentum. A deep dive into Flipside’s recent report on on-chain users reveals critical insights into the dynamics at play in various blockchain networks. While some chains, particularly Base, have shown exponential user
The cryptocurrency market is no stranger to turbulence, and the recent week presented a prime example of its inherent volatility. Bitcoin, the flagship crypto asset, experienced a rollercoaster ride, starting at an impressive $100,000 on a Saturday before skyrocketing to a staggering $108,000 by Tuesday, only to plummet by $16,000 to a low of $92,000
In the age of digital communication, social media has become an essential tool for officials, corporations, and public figures to transmit information quickly. However, this immediacy comes with an alarming risk: misinformation can spread like wildfire. A recent incident underscores this danger, revealing how social media malware can disrupt not only reputations but also financial
The cryptocurrency landscape has long been characterized by dramatic fluctuations and unpredictable trends, and the recent downturn serves as a stark reminder of this reality. Over the past week, the total market cap of cryptocurrencies witnessed a significant decline, losing over $300 billion, as Bitcoin’s price experienced a tumultuous ride, a situation echoed across various
The cryptocurrency landscape is one characterized by its cyclical nature of volatility and unpredictability. Bitcoin (BTC), the flagship cryptocurrency, recently experienced a dramatic downturn, plunging 14% in just three days. This fall is a stark reminder of how external influences, particularly from financial authorities, can significantly shape market dynamics. Following an announcement from the U.S.
