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
Crypto
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
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
Former U.S. President Donald Trump has been making waves in the cryptocurrency world as a wallet linked to him has reportedly moved over $2.4 million worth of ether (ETH) to the popular crypto exchange Coinbase. This news comes from on-chain firm Arkham Intelligence, which first identified digital assets believed to belong to Trump back in
The digital asset management firm ARK Invest, led by Cathie Wood, recently made a bold move by liquidating its entire holdings in the Grayscale Bitcoin Trust (GBTC), amounting to $200 million. This decision comes as the Securities and Exchange Commission (SEC) is expected to announce its verdict on spot Bitcoin ETFs in the United States
The co-founder of Ethereum, Vitalik Buterin, has put forward a proposal to address the increasing load on the Ethereum blockchain and simplify its proof-of-stake (PoS) consensus. This proposal aims to reduce the number of signatures validators must make to maintain the network’s operation, resulting in a decrease in the overall load on the Ethereum blockchain.
China’s Supreme Procuratorate has recently made a major move against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. This significant development highlights the Chinese government’s continuous crackdown on illicit activities within the cryptocurrency industry. Dong, who is well-known for his influence
The recent announcement by Tether, the company behind the popular stablecoin USDT, has marked a significant milestone in its growth. With a market value reaching $91 billion, Tether continues to showcase its commitment to stability and resilience in the volatile digital currency market. In addition, the firm has added approximately $4 billion in excess reserves
In the past 24 hours, the price of Bitcoin has witnessed a significant decline, plunging below the $43,000 mark. This decline comes after the cryptocurrency managed to trade above $43,000 during most of the Christmas holidays. Despite a positive surge in the previous business weeks, Bitcoin failed to maintain bullish momentum, ultimately slipping further away