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
Crypto
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
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
Solana, a cryptocurrency that has gained significant traction in recent weeks, has captured the attention of investors with its remarkable growth. Over the past year, the digital asset has soared by an astounding 775%, making it one of the hottest cryptocurrencies on the market. As a result, various tokens built on the Solana blockchain have
XRP, the native token of Ripple, has recently seen a surge in on-chain metrics, indicating potential positive price movements. On December 31, the number of executed XRP transactions reached an all-time high of almost 7 million, followed by 6.9 million the next day. Additionally, the average number of transactions per ledger has consistently stayed above
Bitcoin has made a strong statement as it gained 7.2% in the past 24 hours, reaching an intraday high of $45,498 during the Asian trading session on Tuesday morning. This surge comes after a period of relative stability over the holiday weekend, signaling the start of a promising new year. In fact, this surge has
After a turbulent 2022, cryptocurrency hedge funds have experienced a remarkable recovery in 2023. These funds have generated an average return of 44% through December 20, marking a significant rebound from the previous year’s 52% loss. This turnaround positions cryptocurrency hedge funds as the best-performing strategy among the 29 strategies monitored. Several cryptocurrency hedge funds
India, despite its controversial crypto policy and lack of clarity in several aspects, has emerged as the top market for cryptocurrency adoption. A recent report by crypto exchange CoinDCX sheds light on the country’s position as a global leader in crypto adoption, reflecting sustained interest and robust demand for digital assets. Contrary to expectations, the
In 2023, cryptocurrency investments experienced a notable transformation as crypto venture capital (VC) funding saw a significant decline of 68%. The total investment dropped from $33.3 billion in 2022 to $10.7 billion. However, despite this decrease, 2023 remains the third-highest year in terms of total crypto investments, surpassing the figures seen during the previous bear
The notorious crypto-hacking group known as Pink Drainer has once again made headlines with their involvement in a highly sophisticated phishing scam. This time, the scam resulted in a loss of $4.4 million worth of Chainlink (LINK) tokens. Targeting a single victim, Pink Drainer employed a deceptive tactic that led to the signing of a
