The cryptocurrency world is facing a stark reality as evidenced by the alarming statistics detailed in a November 2024 report from Immunefi. While the total financial losses across the crypto sector remain troubling, a staggering 99.96% of these losses were attributed to hacks, a trend that underscores serious vulnerabilities within both decentralized finance (DeFi) and
Crypto
The cryptocurrency ecosystem has recently entered a dynamic and somewhat transformative period. As Bitcoin continues its trajectory, hovering around the $97,000 threshold, altcoins are gradually gaining traction, leading to a significant shift in market dynamics. Currently, the total market capitalization sits near an impressive $3.56 trillion, indicating a substantial investment influx and growing confidence among
The world of cryptocurrencies is witnessing a monumental rise in the adoption and valuation of stablecoins, namely Tether (USDT) and USD Coin (USDC). Recent statistics from DefiLlama, reported by Bloomberg, reveal that the total market capitalization of stablecoins has surged dramatically, soaring by 46% this year alone to reach approximately $191.6 billion. This growth signifies
In recent weeks, Cardano’s ADA token has experienced a remarkable price resurgence, with fluctuations that hint at an evolving crypto landscape. The significant price rise—180% in just one month—has propelled ADA beyond the crucial psychological barrier of $1, sparking renewed interest from both retail and institutional investors. Notably, the surge seems to coincide with a
Vancouver is on the cusp of an exciting financial evolution, as Mayor Ken Sim proposes incorporating Bitcoin (BTC) into the city’s investment portfolio. This initiative aims to establish Vancouver as a crypto-friendly city, signaling a progressive shift in how municipalities can view and manage their financial assets. Sim’s proposal, announced during a city council meeting
Bitwise Asset Management is making a significant leap in the cryptocurrency investment landscape by proposing a new exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC). This venture is poised to equip investors with a diversified approach to digital assets, encapsulating ten noteworthy cryptocurrencies—Bitcoin, Ethereum, Solana, XRP, Cardano, Avalanche, Chainlink, Bitcoin Cash, Polkadot,
The emergence of Bitcoin as a pivotal asset in the financial landscape has gained significant traction, especially following the political upheaval of the past few years. As former President Donald Trump touted plans to establish a national Bitcoin reserve, the discussions surrounding this cryptocurrency have shifted from mere investment to a matter of national importance.
In a noteworthy development within the realm of cryptocurrency regulation, the incoming administration under Donald Trump is signaling a pivotal shift in oversight from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). This transition marks a significant change in how cryptocurrencies, particularly those designated as commodities like Bitcoin and Ethereum,
Ripple’s native cryptocurrency, XRP, has experienced a remarkable resurgence in recent days, showcasing a price leap to $1.60, a height not seen in three years. Though it faced a temporary pullback following this peak, a notable resurgence has positioned XRP at approximately $1.44—an impressive daily increase of 10%. This uptick contributes to a robust market
The recent turbulence within the cryptocurrency market has undoubtedly caught the attention of investors and analysts alike. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other prominent digital assets have experienced significant downturns, negatively impacting the overall market sentiment. Amidst this chaos, Shiba Inu (SHIB)—a key player in the meme coin category—has also faced declines from
