In the world of decentralized finance (DeFi), security breaches have become an unfortunate reality. Recently, Gamma Strategies, a DeFi protocol built on the Ethereum blockchain, experienced a devastating exploit, resulting in a loss of approximately $3.4 million. The exploit was initially identified by blockchain investigator PeckShield on January 4 and was later confirmed by Gamma
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Coinbase UK, one of the leading cryptocurrency exchanges, is taking proactive steps to comply with the Financial Conduct Authority’s (FCA) upcoming financial promotions regulations. As of January 8, Coinbase UK is requesting its users to complete a risk-acknowledgment form. This form aims to identify the investor type of users and assess their understanding of the
Bitcoin’s recent rejection for a spot Bitcoin ETF caused a downward spiral in the crypto market, with Bitcoin sinking to around $40,500. This selloff also affected the price of Hedera Hashgraph’s HBAR token, which dropped nearly 9% to $0.0885. However, HBAR remains within its current trading range and has maintained its position above its weekly
The cross-chain lending protocol Radiant Capital has recently fallen victim to a hack, resulting in the loss of 1,900 ETH, equivalent to approximately $4.5 million. This incident has raised concerns about the security and vulnerabilities of decentralized finance platforms, particularly in the face of flash loan attacks. The Hack and Exploitation According to the blockchain
Ethereum has long been a staple in the cryptocurrency market and its recent roadmap and upgrades signal a promising future. The network is set to undergo several improvements, such as reducing gas costs and enhancing smart contract efficiency. With Vitalik Buterin’s 2024 roadmap garnering investor interest, Ethereum has already experienced a near 10% price increase.
Global macro investor Lyn Alden has set high hopes for Bitcoin (BTC) as she predicts its price could reach a staggering $200,000 per coin within the next two years. In a recent episode of What Bitcoin Did, Alden discussed the role of Bitcoin in the current macroeconomic environment and why predicting its price destination is
The soaring price of Solana (SOL) has undoubtedly caught the attention of investors and enthusiasts in the cryptocurrency market. With a staggering 722% year-to-date increase, Solana has emerged as a strong competitor to Ethereum. However, this rapid growth has not come without its challenges. The network has become a prime target for malicious actors, leading
Tether, the dollar-pegged stablecoin, has experienced a significant surge in total assets over the past six years, now nearing $100 billion. With $95.2 billion in total assets, Tether’s market capitalization has grown exponentially by 6,560% since the beginning of 2018. This astonishing growth has caught the attention of investors and experts, including Gabor Gurbacs, a
The cryptocurrency market experienced a sudden and significant selloff, resulting in the loss of almost $200 billion in market value. Speculation surrounding potential denials of Bitcoin exchange-traded fund (ETF) approvals by the SEC sparked this downward spiral. However, amidst the chaos, there may be an opportunity for dip buyers to finally enter the market. At
The crypto exchange Binance experienced a significant decline in market share in the past year, dropping to 44.5%. This decline comes after a period of rapid growth for Binance, where its market share reached a peak of 60% in 2022. However, regulatory hurdles and legal actions in various jurisdictions, particularly in the United States, have
