The non-fungible token (NFT) market has constantly oscillated between euphoria and skepticism since its meteoric rise in 2021, and as we approach the end of 2024, the industry provides a curious case study in resilience. Despite facing overarching doubts about its sustainability, data suggests that the NFT market has not only endured but also surpassed
Crypto
In today’s interconnected world, cybercriminals are constantly devising cunning strategies to exploit digital vulnerabilities. One of the latest trends involves the utilization of familiar platforms, such as Zoom, to craft phishing scams that target unsuspecting cryptocurrency users. The alarming rise in such attacks serves as a stark reminder that even legitimate tools can be weaponized,
In an increasingly complex digital economy, the cryptocurrency exchange Binance showcased a robust framework to combat financial crimes in 2024, preventing over $129 million from falling into the hands of fraudsters. This drastic measure is part of Binance’s ambitious Anti-Scam Refund Initiative, which highlights the company’s commitment to enhancing user security through the integration of
The cryptocurrency landscape has encountered significant turmoil in 2024 due to rampant access control vulnerabilities, which have become the predominant cause of hacks across various sectors, including decentralized finance (DeFi), centralized finance (CeFi), and the burgeoning gaming and metaverse industries. According to recent findings from Hacken, these vulnerabilities have led to a staggering 75% of
As the cryptocurrency market continues to evolve, so do the tactics employed by scammers, leading to an ever-shifting landscape of deceit. A recent analysis by cybersecurity firm Kaspersky highlights a particularly cunning scheme that turns the tables on thieves. Instead of the traditional approach of stealing from unsuspecting victims, this innovative scam intentionally baits criminals
December 2023 marked a historic turning point for MakerDAO, a significant player in the decentralized finance (DeFi) ecosystem. According to data sourced from DeFiLlama, the platform achieved unprecedented figures, reaching $40.86 million in fees and $26.77 million in revenue over the course of the month. These numbers are not merely statistics; they represent the vitality
In spite of a tumultuous period for cryptocurrency markets, the prevailing sentiment among financial analysts is that Bitcoin will continue to dominate the crypto sphere in 2025. According to the recent report by Franklin Templeton, Bitcoin’s stature as a digital financial asset is expected to grow, as institutions and nations alike begin to recognize its
The cryptocurrency market is notorious for its volatility and dynamic shifts in interests. December 2024 showcased a distinct pivot in market narratives, particularly underpinned by advancements in artificial intelligence (AI). As we analyze the performance of various sectors within the crypto landscape during this period, it becomes evident that AI-driven projects not only led the
As decentralized finance and blockchain technology continue to transform the digital landscape, artificial intelligence (AI) has emerged as a powerful ally for these innovations. Amid this backdrop, AI16Z, an ambitious AI platform, is contemplating the development of a layer-1 (L1) blockchain network centred around its native token, AI16Z. This strategic pivot aims not only to
As we close the year, the cryptocurrency world awakens to the resurfacing of the infamous “Blockchain Bandit.” This notorious figure has consolidated an astonishing 51,000 ETH, translating to around $172 million, into a solitary multisig wallet. This significant transfer took place on December 30, stirring concerns among crypto enthusiasts and security experts. According to renowned
