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
Crypto
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
Catalyx, a Canadian-based crypto trading platform, recently fell victim to a serious security breach. This unfortunate incident resulted in the loss of customer funds held in its custody. Despite the lack of specific details regarding the exact value of the loss, Catalyx has taken immediate action by suspending both crypto and fiat withdrawals while investigations
Worldcoin, a project centered around identity verification, has recently launched its services in Singapore. This move comes after the release of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline. In addition to the expansion in Singapore, Worldcoin has been steadily growing its verification locations across various countries. In Singapore, individuals can
In recent weeks, a wallet associated with former U.S. President Donald Trump has made headlines by transferring over $2.4 million worth of ether (ETH) to the popular cryptocurrency exchange Coinbase. This significant movement of funds has caught the attention of on-chain firm Arkham Intelligence, which previously identified digital assets linked to Trump based on financial
Ethereum, the popular blockchain platform, has been facing significant challenges due to its goal of achieving decentralization and involving regular users in staking. The co-founder of Ethereum, Vitalik Buterin, has recently proposed measures to reduce the burden on the Ethereum blockchain and simplify its proof-of-stake (PoS) consensus. This article explores Buterin’s proposal and its potential
ARK Invest, the institutional asset management firm led by Cathie Wood, has made a significant move by liquidating all of its remaining holdings in the Grayscale Bitcoin Trust (GBTC), totaling $200 million. This decision comes ahead of the anticipated SEC decision regarding the approval of trading spot Bitcoin ETFs in the United States. ARK Invest
In a significant blow against illegal cryptocurrency operations, Chinese authorities have sentenced Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. Zhao Dong, a prominent figure in the crypto industry known for his influence in the over-the-counter digital asset market, faced charges for running illegal business operations
Tether, the prominent stablecoin, recently announced a significant milestone in its growth. With its market value reaching a staggering $91 billion, the company has solidified its position as a leading player in the digital currency market. This achievement showcases Tether’s ability to adapt and thrive in the ever-changing landscape of cryptocurrencies. Commitment to Stability and
The zkSync Era blockchain, which aims to provide a secure and efficient platform for decentralized transactions, recently encountered network issues. This article will delve into the details of the problem, the actions taken by the developers to resolve it, and the implications for the zkSync Era blockchain’s reputation and future prospects. The developers of zkSync
