On October 16, Radiant Capital faced a significant breach that led to the staggering loss of over $50 million worth of user funds. The attack highlighted the evolving tactics of cybercriminals in the decentralized finance (DeFi) space. The fundamental flaw in Radiant Capital’s security came from an insidious method where the attacker compromised the hard
Crypto
This week, the landscape of exchange-traded funds (ETFs) in the United States took a significant turn as the collective influx into eleven spot Bitcoin ETFs exceeded a staggering $20 billion. This landmark figure is noteworthy not merely for its size but for the broader implications it holds for the cryptocurrency market. According to Farside Investors,
The realm of cryptocurrency is often characterized by fluctuations, competition, and an ongoing battle for supremacy among various blockchain platforms. In this rapidly changing environment, Ethereum (ETH) has found itself under scrutiny and facing misinformation—often referred to as FUD (Fear, Uncertainty, and Doubt)—particularly as it lags behind Bitcoin and some rival layer-1 blockchains in terms
In recent years, the landscape of cryptocurrency has evolved dramatically, with stablecoins emerging as key players in maintaining market stability. These digital assets, pegged to traditional currencies like the US dollar, have become essential tools for traders and investors alike, facilitating smoother transactions and fostering confidence in an often volatile market. The surge of the
The recent debate between Elizabeth Warren, the incumbent senator from Massachusetts, and John Deaton, a prominent advocate for cryptocurrency, marked a significant moment in the ongoing discourse surrounding digital assets and regulatory frameworks. This clash of ideologies not only illuminated the distinct perspectives on cryptocurrencies but also reflected broader societal concerns regarding financial inclusion and
On October 16th, BlackRock’s iShares Bitcoin Trust (IBIT) experienced a staggering net inflow of approximately $393.4 million, marking a pivotal moment in the world of cryptocurrency investment. This impressive influx represents the most substantial investment seen since July 22, when IBIT secured $526.7 million in new funds. Overall, spot Bitcoin ETFs collectively drew in $458.54
In the context of global cryptocurrency adoption, Ukraine and Russia have showcased remarkable resilience, attaining the 6th and 7th spots in the current Global Crypto Adoption Index. According to recent data from Chainalysis, both countries have experienced significant shifts in their positions. Russia, in particular, has risen six places compared to its previous year’s ranking,
The high-profile case surrounding the former crypto exchange FTX has captured the legal world’s attention, particularly as it involves several top executives—including Nishad Singh, the company’s former head of engineering. As Singh braces for sentencing on October 30, 2023, his defense has mounted a comprehensive argument seeking to spare him from incarceration based on mitigating
Bitcoin (BTC) has recently exceeded the remarkable threshold of $60,000, igniting a wave of enthusiasm among investors. This surge is not merely a statistic; it reflects a significant shift in market sentiment, which can be quantitatively assessed using the Fear and Greed Index. As of this week, the index—which gauges the emotional responses of investors—has
In a time where digital currencies are becoming ingrained in financial transactions and investment portfolios, U.S. Vice President Kamala Harris’s recent commitment to support digital asset policies is significant. This proposal aims to safeguard crypto investors, particularly focusing on black men who are increasingly participating in this burgeoning sector. However, the implications of such a
