In the year 2023, the world of cryptocurrency investments experienced a notable transformation. Venture capital funding in the crypto space encountered a significant decline of 68%, dropping from the impressive $33.3 billion invested in 2022 to $10.7 billion. This decrease marked a significant setback for the industry, but it is important to note that 2023
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The crypto-hacking group known as Pink Drainer has recently been implicated in a highly sophisticated phishing scam, resulting in the loss of $4.4 million worth of Chainlink (LINK) tokens. This cyber heist targeted a single victim who unknowingly fell victim to a deceptive tactic involving the signing of a transaction linked to the “Increase Approval”
In a devastating blow to its customers, Catalyx, a Canadian-based crypto trading platform, recently experienced a significant security breach that led to the loss of customer funds under its custody. The specific magnitude of the loss remains undisclosed, but the platform has implemented immediate measures such as suspending crypto and fiat withdrawals while investigations are
Coinbase Global, one of the leading cryptocurrency exchanges, has undergone a change in leadership within its custody division, according to Bloomberg. The former CEO of Coinbase Custody, Aaron Schnarch, has departed from his role, and in his place, Rick Schonberg has been appointed as CEO since August. This transition comes as Coinbase aims to cater
The introduction of ChatGPT by OpenAI ignited a revolutionary wave of innovation within Artificial Intelligence (AI) technology. This revolutionary advancement has had a significant impact on the cryptocurrency market, enticing investors to flock towards projects that offer a strong AI-based use case and value proposition. One such project gaining notable traction is Launchpad XYZ, a
The cryptocurrency market is expected to experience unprecedented growth in the coming years, with Bitfinex predicting that its total market capitalization will double from its current $1.6 trillion valuation to a staggering $3.2 trillion. Despite the challenges faced in 2023, such as regulatory hurdles and reputation concerns, the confidence in the resilience and potential growth
Bitcoin’s price has once again failed to clear the $44,000 resistance zone, signaling potential downside risks. The cryptocurrency is slowly declining and may be at risk of a downside break below the $41,500 level. Despite a fresh attempt to gain pace above the $43,200 level, Bitcoin struggled to reach the $44,000 resistance zone and formed
The world of gaming is undergoing a transformation with the rise of Non-Fungible Tokens (NFTs) and blockchain technology. As we approach 2024, these trends show no signs of slowing down and are expected to revolutionize the gaming industry. In this article, we will explore the key trends shaping the future of NFTs and blockchain gaming,
A recent development has left the U.S. Securities and Exchange Commission (SEC) in turmoil. U.S. Congressman Warren Davidson, with the support of House Majority Whip Tom Emmer, has taken a bold stance by advocating for the firing of SEC Chair Gary Gensler in 2024. The rationale behind this move is rooted in allegations of corruption
Worldcoin, the identity verification project co-created by OpenAI CEO Sam Altman, has recently launched its services in Singapore, following a temporary halt in operations in India. This expansion comes after the release of World ID 2.0 and the open-sourcing of the Worldcoin iris recognition pipeline. As part of its growth strategy, Worldcoin has also partnered