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Web3 Lost $38.9 Million to Bad Actors in First Month of 2024: Quantstamp
31.1.2024
Bad actors have stolen $38.9 million from various Web3 projects in the first month of 2024. According to a recent report from Quantstamp, a decentralized finance (DeFi) security startup, bad actors used different attack vectors to steal funds, including smart contract hacks, key compromises,...
Solana’s alternative to do better than SOL this year, to grow from $0.1 to $15 in 2024
31.1.2024
  The cryptocurrency market is a dynamic and ever-evolving space, where new projects often seek to challenge the established giants. In recent years, Solana (SOL) has gained immense popularity for its scalability and high transaction speeds, making it a favourite among investors. However,...
ELMO Token Is Up 69,458% and Crypto Analysts Say This Lesser Known Crypto is Next
31.1.2024
ELMO token has gained by as much as 70,000% since listing on the Raydium DEX a couple of days ago, with the new Solana-based coin reaching a record high of $0.001251 yesterday. This makes ELMO the latest in a long line of SOL-based meme coins to have stormed the charts in recent months, yet...
Billionaire Tim Draper Didn’t Expect US Government To Be ‘Paranoid’ About Bitcoin
31.1.2024
Venture capitalist Tim Draper has once more attributed the failure of Bitcoin to reach his $250,000 price target to the actions of the US government. He originally predicted Bitcoin would hit $250,000 by 2022. But he now expects it to happen by 2025. Draper admitted in a recent Bloomberg interview...
Jack Dorsey’s Block Inc. Initiates Layoffs to Reach 12,000 Employee Cap
31.1.2024
Block Inc., led by Jack Dorsey, has started implementing job cuts in a bid to reduce its workforce by the end of the year. According to a recent report by Business Insider, Block has commenced a gradual reduction of its workforce, aiming to decrease its current staff count of approximately 13,000...
Experts Warn of Financial System Risks as Bitcoin ETFs Bridge Gap between Crypto and TradFi
31.1.2024
The recent launch of exchange-traded funds (ETFs) tracking Bitcoin (BTC) has sparked concerns among experts about the potential risks that could emerge as cryptocurrencies become further intertwined with the traditional financial system. The Securities and Exchange Commission (SEC) approved 11 spot...
Terraform Labs Says Bankruptcy Protection Would Allow it Appeal against SEC’s Securities Fraud Lawsuit
31.1.2024
Terraform Labs has said that its Chapter 11 bankruptcy protection filing would enable the pursuit of an appeal against the US Securities and Exchange Commission’s (SEC) securities fraud lawsuit. In a recent filing, Terraform Labs CEO Chris Amani emphasized the importance of bankruptcy...
US Representative French Hill Optimistic on Progress of Crypto Legislation
31.1.2024
During a panel discussion at the recent Foundation for Defense of Democracies event, Arkansas Republican French Hill shared a positive update on the trajectory of the Financial Innovation and Technology for the 21st Century Act and the Clarity for Payment Stablecoins Act. US Representative French...
Shiba Inu Price Prediction as SHIB Bounces 10% – New Rally Starting?
30.1.2024
With the Shiba Inu (SHIB) price currently up close to 10% from its recent lows, some bulls are questioning whether a new rally is starting. The Shiba Inu price was close to $0.000000925, having bounced from a triple low it tested under $0.0000085 last week. The rally in the Shiba Inu price comes...
Chimpzee (CHMPZ) Draws In More Investors as Bitmart Listing and 40% APY For Staking Makes It Irresistible
30.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Chimpzee (CHMPZ) has received widespread acclaim within the cryptocurrency community, and recent significant advancements have significantly amplified enthusiasm for this environmentally friendly...
Defendant Pleads Guilty to Drug Related Charges, Forfeits $150 Million Worth of Cryptocurrency
30.1.2024
An Indian national has pleaded guilty to conspiracy and narcotics-linked charges issued by a United States District Court. The guilty plea resulted in a forfeiture of $150 million worth of cryptocurrency. In a recent press release, the United States Attorney General’s Office in the Southern...
As Crypto Market Recovers, Scammers Target Exchange Token Listings
30.1.2024
Exchange listing scams have resurfaced as scammers exploit the growing interest in digital assets amid the recent market recovery. As part of these schemes, scammers impersonate industry insiders and exchange representatives to deceive unsuspecting individuals and extort payments for token...
a16z-Backed Projects Sold Tokens and NFTs, Contrary to Claims by General Partner Chris Dixon
30.1.2024
a16z-backed projects sold tokens and NFTs to the public contrary to claims by Chris Dixon, a general partner at the venture capital firm. During a recent appearance on the New York Times podcast Hard Fork, Dixon defended his firm’s investment thesis and the projects they support. “No...
80% of Comments on Tweets from Famous Projects are from Phishing Scam Accounts: SlowMist
30.1.2024
Approximately 80% of comments on tweets from famous projects are occupied by phishing scam accounts. In a recent Medium post, the SlowMist Security Team said it has been inundated with reports of theft within the cryptocurrency community. “Upon analyzing these incidents, we discovered that...
Digital Asset Funds Record $500 Million Outflows Amid Market Market Decline
29.1.2024
Digital asset investment products have recorded a massive $500 million in outflows in the last seven days following a week of sell-offs as the wider market struggled. A recent CoinShares Digital Asset Weekly Funds Flow Report shows huge outflows across Bitcoin (BTC) and multiple altcoins with...
Over 73% of Europeans Are “Positive” About Crypto’s Future: Report
29.1.2024
A recent survey conducted by Binance found that a majority of Europeans were confident about the future prospects of the cryptocurrency industry. The survey, published by Binance Square on January 29, polled 10,498 users in France, Italy, Spain, and Sweden between October 14 and November 8, 2023....
Bitcoin and Ethereum Price Prediction as BTC Surpasses $42,000 Resistance and ETH Turns Red
29.1.2024
In the dynamic world of cryptocurrencies, Bitcoin and Ethereum continue to be the key players with their recent price movements catching the attention of investors. Bitcoin, the trailblazer of the crypto market, has recently rebounded, breaking through the $42,000 resistance level and registering...
At Least 18 U.S. Senators Show Support for Crypto, Data Reveals
29.1.2024
Recent data from Coinbase’s nonprofit advocacy organization, Stand with Crypto, reveals a growing divide among U.S. senators regarding their stance on cryptocurrency. At least 18 senators in the United States are currently supportive of crypto, while 30 senators stand in opposition. Stand...
Coinbase Grapples with Regulatory Challenges, Analysts Forecast Volatility Ahead
29.1.2024
Bitcoin’s recent decline of more than 10% following the approval of spot Bitcoin ETFs by the US Securities and Exchange Commission (SEC) has not only impacted the crypto market but also raised concerns for companies like Coinbase, according to an analyst. Coinbase stock pricing has shown...
As SPX Token Shoots Up 26,568%, Another Coin is About to List on Exchanges
29.1.2024
In the latest DEX-launched Solana meme coin moonshot, SPX token has exploded a whopping +26,568%, but as retracement takes hold – can SPX price analysis reveal an emerging second wind? Indeed, this price pump comes as recent months have seen a huge trend in explosive moves, with countless...