The dApp industry has experienced remarkable growth, as indicated in DappRadar’s 2023 Industry Report. The report unveils a 124% year-over-year increase in Unique Active Wallets (UAW), providing valuable insights into the dynamic landscape of NFTs, DeFi, and blockchain gaming trends. Notably, blockchain-powered games took the lead in dApp activity, boasting an average of 1.1 million
Crypto
In recent years, decentralized finance (DeFi) has gained significant attention and popularity in the financial industry. However, despite its potential for innovation and disruption, the Commodity Futures Trading Commission (CFTC) highlights several fundamental issues within DeFi systems in their recent report. This article will critically analyze the risks and challenges associated with the DeFi space,
The blockchain gaming industry has been booming in recent years, with promises of revolutionary gameplay and decentralized economies. However, a closer look reveals a concerning trend of discontinuations and cancellations among blockchain games. According to data from the Big Blockchain Game List, more than 30% of the games announced in 2023 have met this unfortunate
The much-anticipated debut of 11 spot Bitcoin exchange-traded funds (ETFs) on the US stock markets was far from uneventful. The first trading day was marked by significant price movements, resulting in both a multi-year peak and a massive dump. While the primary cryptocurrency received long-awaited recognition and validation from the US Securities and Exchange Commission
In recent times, the prevalence of hacking incidents has become a growing concern for the cryptocurrency community. One of the most prominent cases involved the major crypto data aggregator, Coingecko. Hackers managed to gain control over Coingecko’s official X accounts, leading to the promotion of a fake token launch and airdrop. This article aims to
The NEAR Foundation, a prominent player in the Web3 industry, recently made the decision to downsize its team by approximately 40% as part of a realignment initiative. This significant reduction will impact 35 employees across various departments, particularly community, business development, and marketing teams. In contrast, the engineering team will remain intact. The NEAR Protocol,
Bitcoin, the largest digital asset, experienced a historic day on January 10, 2024, as the US Securities and Exchange Commission (SEC) finally approved spot exchange-traded funds (ETFs) tracking its performance. This long-awaited move sent shockwaves through the cryptocurrency industry, attracting massive volumes of approximately $2 billion within hours of the ETFs going live on various
Celsius, the once-prominent platform in the world of cryptocurrency staking, lending, and exchange, has recently found itself in the midst of controversy. Following its approval of a bankruptcy plan last year, Celsius has shifted its focus to Bitcoin mining. However, amidst this transition, the company has taken the opportunity to lash out at former clients
On the fateful day of January 9, the official Twitter account of the Securities and Exchange Commission (SEC), known as the X account, fell victim to a hack. The hacker managed to gain control of the account and made an announcement that spot Bitcoin ETFs had been approved. As news of the supposed approval started
The approval of spot Bitcoin Exchange-Traded Funds (ETFs) has been a topic of anticipation within the cryptocurrency community. A recent revelation by Fox reporter Eleanor Terrett has shed light on a procedural aspect of the U.S. Securities and Exchange Commission (SEC) that may influence the fate of these ETFs. According to Terrett’s tweet on January