As we approach the conclusion of 2024, the crypto landscape remains fraught with adversity due to escalating cybercrime activities. The Security, Fraud, and Compliance Report released by the web3 security firm Cyvers highlights a shocking reality: over $2.361 billion was siphoned off from the crypto industry, a staggering rise of 40% compared to the previous
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In the last few days, Ethereum (ETH) has experienced pronounced volatility in its price action. Following the cryptocurrency’s inability to breach its annual highs recorded earlier in December, the market witnessed intense selling pressure that has left traders and investors in a state of uncertainty regarding ETH’s next movement. The current price fluctuations beg the
Recent insights from a comprehensive survey conducted by blockchain infrastructure provider P2P.org have shed light on the complexities facing institutions as they adopt cryptocurrency strategies. With input from over 15 diverse institutional players, the survey revealed critical insights into the challenges and opportunities in the rapidly evolving crypto landscape. Among the respondents, intermediaries, investment funds,
The cryptocurrency market is notorious for its rapid fluctuations, and Ripple’s XRP token has recently become a case study in market volatility. Following a significant market-wide downturn, XRP witnessed a dramatic price decline from over $2.70 to below $2.00 within a matter of days. This drop not only highlights the token’s vulnerability but also underscores
As of December 21, 2024, Bitcoin’s price stands at approximately $98,600, bolstered by a 3.4% increase from the previous close. This fluctuation marks a critical moment in its value trajectory, amidst a backdrop of notable volatility. The past week has been characterized by considerable price movements, with Bitcoin slipping below significant support levels, testing the
In a surprising shift that has captured the attention of both the automotive and cryptocurrency industries, Shanghai-based Cango Inc. is redefining its business model by delving into Bitcoin (BTC) mining. This transformation was marked by a substantial acquisition of $256 million aimed at acquiring 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies, a
The NFT landscape, particularly within gaming, has become a focal point for regulatory scrutiny, with CyberKongz at the heart of a recent controversy. On December 16, 2023, the project publicly disclosed that it received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notice signifies potential legal implications and acknowledges that the
Opeyemi has carved out a distinct niche for himself within the bustling domain of cryptocurrency. While not initially drawn to this digital frontier, his two-year journey has transformed his curiosity into a profound admiration for the intricacies of blockchain technology. This compelling evolution showcases not just growth, but a realignment of interests that many in
On December 20, the cryptocurrency landscape experienced significant turbulence as the price of Bitcoin plummeted to around $92,000 following a decisive rate cut by the U.S. Federal Reserve. This broad market sell-off rattled investors, sparking fears of a prolonged downturn. However, this initial panic was short-lived, as Bitcoin managed to stage an impressive recovery, rebounding
The year 2024 proved to be a pivotal moment for the cryptocurrency industry, characterized by soaring coin prices yet stagnating user engagement across various established blockchains. A recent report from Flipside, a platform specializing in blockchain analytics, highlights vital findings about on-chain user activity. It seems that while financial speculation drives increasing asset values, the
