The cryptocurrency sector has been hit with significant losses in recent months, as reported by blockchain security firm CertiK. Flash loan attacks, in particular, have caused the largest financial damages, totaling around $20.7 million. Sonne Finance was one of the hardest-hit, losing a staggering $20 million, followed by TLN Protocol with a loss of $746,000.
A tale of lost bitcoins has recently been unearthed, showcasing the remarkable efforts of two cybersecurity researchers who aided an anonymous crypto user in recovering 43.6 BTC that had been inaccessible for 11 long years. The individual, identified only as Michael, had lost access to the wallet containing the valuable assets and sought the expertise
The cryptocurrency market, particularly Bitcoin, is once again in a state of uncertainty as the price struggles to break out to new highs. Despite this, there are indications that the current bull cycle may still have some life left in it. Recent on-chain data suggests that Bitcoin has entered a phase known as the “Euphoria
The recent failure of Bitcoin to surpass the $72,983 resistance level has resulted in a downward trend in its price. Despite still being above the 1-day Simple Moving Average (SMA), the rejection has caused a drop from $71,942 to $66,785. This decline is evident in both the 1-hour and 4-hour charts, where Bitcoin has moved
Mastercard has recently introduced the Mastercard Crypto Credential, a groundbreaking development that aims to revolutionize blockchain transactions. This new feature enables users to conduct peer-to-peer transactions on platforms such as Bit2Me, Lirium, and Mercado Bitcoin using simple aliases instead of complex blockchain addresses. By streamlining the process and enhancing security, Mastercard is paving the way
In 2024, the XRP Ledger (XRPL) experienced a significant surge in network activity. According to Messari’s latest report, active addresses and transactions on the XRPL increased by 37% and 113% quarter-over-quarter, respectively. This uptick in activity can be attributed to a concentrated group of approximately 45,000 accounts that collectively sent over 30 million transactions, primarily
Recently, DMM Bitcoin, a Japanese cryptocurrency trading platform, faced a devastating hack that resulted in the loss of around $305 million worth of Bitcoin. The exchange confirmed that 4,502.9 bitcoins were drained from their systems, highlighting the vulnerability of digital assets to cyber attacks. Despite the breach, DMM Bitcoin has not provided detailed information about
In recent times, there has been a noticeable uptick in investor confidence within the cryptocurrency market. Bitcoin, in particular, has been a major beneficiary of this positive trend. Despite the somewhat frustrating price action that saw the premier cryptocurrency ending May below the $70,000 mark, large-scale investors have been continuously accumulating BTC. The latest on-chain
The recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has sparked a flurry of activity among potential issuers in the market. With several asset managers now filing amended versions of their S-1 forms, it’s clear that the race to launch an Ether Spot ETF is heating up. One
US President Joe Biden made a bold move when he vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s controversial SAB 121 rule. This decision showcases a clear political divide between the parties, with Biden highlighting the resolution as a “Republican-led” effort. This veto not only indicates a clash of ideologies but also
