As the crypto industry continues to evolve, the threats it faces are becoming increasingly sophisticated and alarming. Cyvers, a prominent web3 security firm, has published its Security, Fraud, and Compliance Report for 2024, revealing an astonishing spike in cybercrime within the sector. With losses exceeding $2.361 billion due to 165 reported incidents, the report highlights
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A recent survey conducted by blockchain infrastructure provider P2P.org reveals the multifaceted challenges and emerging trends shaping institutional strategies for cryptocurrency adoption. This survey gathered responses from over 15 distinct institutional players, including intermediaries, investment funds, and venture capital firms, which comprised 46%, 31%, and 23% of the total respondents, respectively. This diverse representation highlights
Ripple’s token, XRP, has recently experienced significant price volatility amidst a tumultuous cryptocurrency market. Following a broader downturn that affected various digital assets, XRP’s price plummeted dramatically. After reaching peaks around $2.7, the token saw a drastic decline, touching nearly $1.96 within a matter of days. The turbulence in the market serves as a stark
Cango Inc., a Shanghai-based car dealership known primarily for facilitating vehicle transactions, is undergoing a significant transformation as it ventures into the realm of cryptocurrency. The company has recently made headlines with its groundbreaking announcement of a $256 million acquisition of 32 exahashes per second (EH/s) in Bitcoin mining capability from renowned manufacturer Bitmain Technologies.
In the ever-evolving world of blockchain technology and digital assets, the intersection of gaming and non-fungible tokens (NFTs) has garnered significant attention. CyberKongz, an innovative NFT project known for its unique approach to gaming, recently found itself at the center of regulatory scrutiny after receiving a Wells Notice from the U.S. Securities and Exchange Commission
The cryptocurrency landscape of 2024 was marked by a notable surge in coin valuations, yet this uptrend had a disconnect when analyzing on-chain user metrics across significant networks. According to an insightful report by Flipside, the blockchain growth platform, there remains a compelling need for networks to strengthen both the volume and quality of on-chain
The cryptocurrency sector recently experienced a tumultuous week marked by extreme price volatility, particularly concerning Bitcoin (BTC). Last Saturday, Bitcoin reached a staggering $100,000, only to climb to an unprecedented high of over $108,000 by Tuesday. This meteoric rise reflects the speculative nature of cryptocurrencies, where fortunes can be made or lost in the blink
In an era where digital currency is increasingly intersecting with government operations, a recent incident has underscored the potential risks involved. A significant cybersecurity breach occurred when Vivek Ramaswamy, co-lead of the newly formed Department of Government Efficiency (D.O.G.E.), became the victim of hacking. What followed was a series of misinformation that escalated into a
The cryptocurrency market has recently witnessed a tumultuous phase, reminiscent of its unpredictable nature. Though bullish sentiment had permeated the market for weeks, a sudden downturn reminded investors that volatility is the name of the game. The total market capitalization saw a drastic decline of over $300 billion, primarily driven by erratic movements in Bitcoin’s
Bitcoin (BTC), the flagship of the cryptocurrency market, recently experienced a staggering 14% drop within a mere three days. This decline came after the Federal Reserve’s cautious commentary regarding inflation. In a volatile market where cryptocurrencies are often subject to significant fluctuations, Bitcoin’s price soared to over $108,000 at the start of the business week,