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Crypto Market Capitalization Surged 108% Despite Trading Volumes Plunging 31.6%: CoinGecko
17.1.2024
The crypto market recorded massive growth in several areas wiping out losses of the bear market with its market capitalization going up 108% to approximately $869 billion. A new market report released by CoinGecko shows industry performances across different quarters highlighting key metrics that...
Cardano Price Prediction as ADA Drops Towards $0.52 – Time to Buy the Dip?
17.1.2024
The Cardano (ADA) price is eyeing a possible drop below $0.52 as short-term price predictions turn bearish, but long-term bulls are nonetheless asking whether now is time to buy the dip. Nearly all cryptocurrencies in the top 20 by market capitalization are trading with losses on Wednesday....
Across-the-Board Crypto Stock Declines Erode Earlier Profit Streaks
13.1.2024
Although spot Bitcoin exchange-traded funds saw substantial trading activity on Thursday and Friday, publicly-listed crypto companies faced a different fate, with several equities experiencing significant losses when the market closed on Friday. For instance, Marathon Digital Holdings’ shares...
Altcoins Weekly Losses Grow as Market Liquidations Continue
10.1.2024
Pixabay Cryptocurrencies face market corrections days into 2024 based on several factors ranging from trader gripping reports, a fake spot Bitcoin (BTC) ETF social media post, and other factors. On-chain data shows declining asset prices in the second week of the year, especially around altcoins...
L2 Crypto Token Stacks Leads With 29% Gain in Varied Week for Cryptocurrencies
8.1.2024
This week witnessed a 5% uptick in bitcoin’s value, while ethereum experienced a 1.6% dip over the same period. Leading the charge among the top 100 cryptocurrencies, stacks (STX) soared 29.2%, with osmosis (OSMOS) closely trailing with a 17% increase against the U.S. dollar. Mixed Week...
Bonk Price Prediction as It Falls 6% – Is the Meme Coin Hype Fading?
6.1.2024
Bonk (BONK) is down another 6% on Friday, taking its run of losses since hitting all-time highs in December to nearly 70% as meme coin hype continues to fade. BONK/USD was last changing hands on major cryptocurrency exchanges at around $0.000011, a far cry from its peak a few weeks ago above...
Gamma Strategies Identifies Root Cause of Exploit Attack, Attempts Negotiation for Fund Return
4.1.2024
Source: iStock / JuSun The protocol managing liquidity on the Ethereum blockchain, Gamma Strategies, has initiated a bounty negotiation with the attacker responsible for stealing $3.4 million worth of digital assets. The attack was discovered by blockchain defense company PeckShield on January...
Bitcoin Price Prediction as ETF Approval Date Approaches – Quick Pump to $50,000 Incoming?
3.1.2024
In the volatile world of cryptocurrencies, Bitcoin recently experienced a sharp decline, losing over 7% in just 24 hours, and dragging other major cryptocurrencies down with it. Ethereum, Solana, XRP, Cardano, and Avalanche all suffered significant losses following Bitcoin’s drop to below...
Over $460 Million Longs Liquidated in Past Hour as Bitcoin Drops 8% on Spot ETF Delay Rumors
3.1.2024
Image Source: Pixabay More than $460 million in longs liquidated across the crypto market over the past hour alone after the price of Bitcoin dropped by 8% on rumors that the SEC might delay spot ETF approval. According to data by CoinGlass, long traders suffered around $462 million in losses...
Orbit Bridge Hack Confirmed, Over $81.5 Million Lost in Cryptocurrency Assets
2.1.2024
Orbit Bridge, an inter-blockchain bridging protocol, has confirmed that it was recently exploited, losing over $81.5 million in several assets, including USDT, DAI, USDC, WBTC, and ETH. Orbit Chain is trying to communicate with the group responsible for the attack and has asked cryptocurrency...
Attorney Says They Are “Receiving 5-6 Emails a Day” From Victims of Pig Butchering Scams
1.1.2024
Source: AdobeStock / James Thew Pig butchering scams, a rapidly growing criminal activity involving online romance, fake crypto investments, and human trafficking, have been plaguing US citizens, resulting in significant financial losses. In a recnet interview, Erin West, Deputy District Attorney...
Reports State at Least $1.7B Was Lost in Hacks and Exploits During 2023
29.12.2023
Several reports that have recently surfaced have revealed the extent of losses that crypto platforms and users faced during 2023 as a product of exploits and hacks. TRM Labs’ latest report states that the number ascended to $1.7 billion, while De.fi, another Web3 security firm, states that...
Record Losses in Web3 May Be Coming as Crypto Prices Rise – Immunefi
28.12.2023
Source: AdobeStock / Andy Dean Major bug bounty and security services platform Immunefi published a report detailing the loss of funds due to hacks and fraud in the Web3 ecosystem this year – and what might await in the next. The team looked into the volume of crypto funds the community lost...
Blockchain Security Firms Warn of Advanced AI Crypto Scams in 2024
27.12.2023
Source: Adobe / ink drop Blockchain security firms are cautioning crypto projects and investors about the looming threats of more sophisticated AI-powered scams in 2024. Despite the improvement seen in scam and hack-related losses, dropping from $4 billion in 2022 to $1.7 billion in 2023, experts...
Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments
27.12.2023
Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations
Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments
27.12.2023
Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations
Hedge Funds Have Been Using this AI Tool to Eliminate Risk – Now It’s Available to the Public
22.12.2023
Investing in the financial markets can be high-risk, potentially resulting in significant losses. However, with the advent of artificial intelligence (AI), major investment firms and hedge funds have started pouring money into powerful AI tools that use deep neural networking to mitigate trading...
Tackling NFT Theft With the Three Address Protocol
21.12.2023
The Three Address Protocol offers a structured strategy to safeguard non-fungible tokens (NFTs), dividing activities across three specialized addresses to combat digital asset theft. TAP: Candidate For The New Standard in NFT Security The NFT community has long been plagued by NFT thefts, with...
Blockchain Security Firm CertiK Warns OKX IOS Users to Update After Flagging Vulnerability
20.12.2023
Image Source: Adobe Blockchain security firm, CertiK has urged OKX users on IOS devices to update the software to the latest version after it identified a vulnerability with the potential of causing data and asset losses. In a post on X (formerly Twitter), the firm informed users of the discovery...
Market Turmoil Triggers Over $215M in Liquidations as 100,000 Traders Face Losses
19.12.2023
Source: iStock/Yevheniia Hordieieva The crypto market has recently experienced a surge in volatility, leading to more than $215 million in liquidations over the past 24 hours. Bitcoin (BTC), which had been trading at a multi-year low, rebounded by 5% in the last 24 hours, reaching a price...