Sonne Finance, a decentralized liquidity market protocol, was hit by a cyberattack, with initial losses of million in USD Coin and Wrapped Ethereum from its Optimism chain quickly escalating to million, as detected by blockchain security firm Cyvers on May 15. Following the attack, Sonne Finance suspended its Optimism Market and assured that […]
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Coinshares Reports Its Most Successful Quarter Ever in Q1
Coinshares International Limited, a European investment company specializing in digital assets, has announced its Q1 2024 results, marking the most successful quarter in the company’s history. The company reported a 216% year-over-year (YoY) increase in revenue, gains, and other income, and an over 4x YoY increase in adjusted EBITDA. Total comprehensive income increased by over […]
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Real-World Assets Hits New Peak With $8 Billion Locked, Reports Messari
The total value locked (TVL) in real-world asset (RWA) tokenization protocols has seen a remarkable surge of almost 60% since February, reaching a new high of almost billion as of April 26, according to a report by blockchain analytics and research firm Messari. This growth is attributed to a market preference for debt-based, high-yield […]
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Scammers Trick Crypto Users With Faked USDT Balances, Slowmist Reports
Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims into changing their Ethereum RPC URL to one they control, making it appear as though USDT funds were deposited, only […]
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Crypto Market Continues to Slide — QCP Capital Reports Increasing Market Anxiety
The cryptocurrency market contracted by nearly 2% on Wednesday, descending to a total value of .23 trillion. Bitcoin reached a daily low of ,760 per unit, while ether declined to ,944 per coin. Cryptocurrency Market Loses More Than 0 Billion in a Week Amidst Severe Volatility Since the previous week, the crypto market has experienced […]
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Nansen Reports $200 Million Exodus From Kucoin After DOJ Action
Following the Department of Justice’s (DOJ) legal action against Kucoin and its founders, analysts from Nansen specializing in real-time onchain data revealed that Kucoin experienced a withdrawal of million in Ethereum-based assets and 9 million in outflows from various EVM-compatible chains. Ethereum and EVM Chains See 0 Million Outflow From Kucoin On a Tuesday, […]
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Reports: Crypto Is at the Forefront of the Side Job Economy for Argentines
Argentines are increasingly turning to online side jobs to have an additional crypto-based income. According to the local press, students who have lower incomes and are affected by the adverse conditions of the national economy, are the ones who are commonly getting into these jobs with foreign companies or platforms that pay in crypto. Argentines […]
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BitTorrent Chain Spotlighted in Reports by CoinMarketCap and Reflexivity Research
PRESS RELEASE. Singapore / February 29th, 2024 / – BitTorrent Chain (BTTC), a pioneering force in blockchain interoperability and scalability, has been featured in recent reports by CoinMarketCap (CMC) and Reflexivity Research, highlighting its growing influence in the blockchain sector. CoinMarketCap’s report offers a deep dive into the cross-chain interoperability sector, where BTTC stands out […]
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Kyberswap Hack: Blockchain Security Firm Reports Movement of 800 ETH From Exploiter’s Address
Blockchain security firm Peckshield revealed on Feb. 26 that an exploiter labeled address associated with the Kyberswap hack had bridged approximately 800 ether tokens from Arbitrum to the Ethereum blockchain. On the same day, the Kyberswap team unveiled revised dates for reimbursing users impacted by the hacking. Kyberswap Hacker Starts Moving Funds Peckshield Alert, a […]
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Bitcoin Mining Company Phoenix Group Reports 50% Net Income Increase and 20% Sales Growth
After its oversubscribed initial public offering (IPO), Phoenix Group, a Dubai-based company specializing in bitcoin mining and blockchain infrastructure, has announced a significant 50% increase in net income. The firm further revealed a 20% increase in its annual sales compared to the previous year. Dubai Bitcoin Miner Phoenix Group Records Substantial Increase in Year-on-Year Sales […]
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