In a significant security breach, over 4,000 Solana users lost more than $4 million to phishing attacks in December 2023. The data, provided by Scam Sniffer, a scams tracker, reveals that the stolen assets were primarily taken by the rainbow attacker through an airdrop phishing attack. The attackers used “anti-simulation techniques” that prevented wallets from […]
Ethereum (ETH) has seen a significant increase of 11.4%, with whales in the crypto ecosystem playing a major role in this change. Data from the crypto analytics platform Lookonchain reveals that a whale with the wallet address “0xAA15” withdrew a total of 5,762 ETH, approximately $15.06 million, from Binance. This whale has purchased a total […]
As the crypto winter subsides, businesses in the crypto space are anticipating less turbulent times ahead. This optimism is fueled by growing Bitcoin adoption and increasing institutional demand, which are driving innovation in the sector. Key trends to watch out for this year include scalability and compliance solutions.Transaction speeds and costs pose significant challenges for […]
The long-awaited launch of a spot Bitcoin exchange-traded fund (ETF) in the United States has finally taken place. The Securities and Exchange Commission (SEC) has approved 11 products for listing and trading on several national exchanges, marking a significant step towards legitimizing the crypto asset class. This journey began a decade ago, with many industry […]
The Hedera Council, the governing body of the Hedera network, has approved the allocation of 4.86 billion HBAR (Hedera Hashgraph native cryptocurrency), equivalent to USD 408.2 million. This move is aimed at bolstering ongoing development and advancing towards more robust decentralized governance.This strategic decision, announced via an official blog post, comes on the heels of […]
Solana’s native SOL token emerged as one of the top-performing crypto assets in 2023, with the Layer 1 network’s developer ecosystem also demonstrating consistent growth. The Solana ecosystem experienced a significant rise in developer retention during this period, increasing from 31% to over 50% within three months. This improvement was attributed to several factors, such […]
The cryptocurrency market is buzzing with activity as Bitbot (BITBOT), a new Telegram trading app, prepares to launch its presale on January 17, 2024. BITBOT holders stand to gain from a unique revenue sharing model. This comes at a time when cryptocurrencies and Bitcoin ETFs are gaining significant attention.BlackRock’s IBIT Bitcoin ETF has been a […]
The United States Securities and Exchange Commission (SEC) recently experienced a security breach involving unauthorized access to its official Twitter account, @SECGov X. The incident was confirmed by SEC Chairman Gary Gensler, who reassured the public that there was no evidence of the breach extending to SEC systems or data.The unauthorized party gained access to […]
The US Securities and Exchange Commission (SEC) has given its approval for the first set of spot Bitcoin ETFs. This comes after all applicants for the proposed spot Bitcoin ETFs submitted their final amended S-1 applications by the given deadline. However, Vanguard, the world’s second-largest asset manager, has stated it will not allow customers to […]
European firm CoinShares is making strides in the U.S. market with the acquisition of Valkyrie Funds, the issuer of a successful Bitcoin ETF. This strategic move comes in the wake of the SEC’s landmark approval for spot Bitcoin ETFs.Valkyrie Funds, a unit of Valkyrie Investments, had a successful launch of its ETF in the U.S. […]
