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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...
Orbit Chain Hacker Swaps Stolen USDT for ETH, Rakes in $1.45 Million Profits
2.1.2024
Source: Pixabay The attackers behind the recent Orbit Chain exploit successfully converted their ill-gotten gains into Ethereum (ETH), amassing an additional $1.45 million in unrealized profits amidst a 4.7% surge in ETH prices over the past 24 hours. ???? After stealing ~$81.6M in various assets...
Bitcoin Blockchain Sets New Record: December 2023 NFT Sales Surpass $881 Million for First Time Ever
1.1.2024
Source: Adobe/James Thew Sales of NFTs on the Bitcoin (BTC) network reached a new milestone in December 2023, surpassing $881 million for the first time ever. According data by CryptoSlam, NFT sales on the Bitcoin chain reached $881,223,753.92 last month, setting the highest single-month sales...
Orbit Suspends Cross-Chain Bridge Contract After $82M Exploit: Beosin
1.1.2024
Source: Pixabay Just hours before welcoming the new year, hackers exploited Orbit Bridge, the cross-chain bridging service of Orbit Chain, making off with a staggering $82 million. The project soon suspended the cross-chain bridge contract and initiated on-chain negotiations with the attackers,...
Bullish Sentiment Grows as Centralized Exchanges See Record Outflows in 12 Months
29.12.2023
Source: Adobe / Luisa Cryptocurrency traders maintain a bullish drive to end the year with another positive on-chain metric going into 2024 as favorable market forces boost optimism. Data from blockchain analytics firm, Glassnode shows over $1.1 billion net outflows from centralized exchanges...
ZKSpace Officially Upgrades to ZKBase, Launches ZKSwap for BRC20, and Implements 1:1 Exchange between ZKS and ZKB
29.12.2023
PRESS RELEASE. To empower the BTC and ETH ecosystems, the ZKSpace team has rebranded and upgraded to ZKBase. As an infrastructure protocol based on ZK (Zero Knowledge) proof technology, ZKBase is dedicated to providing scalability solutions for mainstream blockchains such as Ethereum and Bitcoin...
Blockchain Security Firm Says Pink Drainer Responsible for $4.4 Million LINK Exploit
29.12.2023
Source: AdobeStock / Tomasz Bidermann Cryptocurrency hacking group, Pink Drainer has been linked to the recent $4.4 million LINK user drain, increasing the number of their victims to 9,068 with a total of $18.7 million stolen. According to on-chain analytics firm Etherscan, another user has fallen...
Unveiling SALTZ.io: Your Gateway to High Yielding Crypto Adventure
28.12.2023
In the dynamic world of cryptocurrencies, SALTZ.io emerged as a groundbreaking token, redefining the landscape with its unique features and investor-centric approach. This low-risk, high-reward token is designed to empower users with the all-time assured minimum selling price advantage. Built...
Is Mina Protocol Going to Zero? MINA Price Drops as New Mining Protocol Secures $6.4 Million
28.12.2023
Leading zero-knowledge blockchain Mina Protocol has seen MINA price drop into retracement following tough resistance, leading some panicked bag-holders asking is Mina Protocol going to zero? This comes following a sensational week-long pump, which saw MINA price climb +120% amid a broader uptick...
IOTA’s ShimmerEVM Bolsters Onboards Cross-Chain Capabilities With LayerZero's Technology
27.12.2023
The Shimmer bridge, a tool that transfers value between different blockchains that connect to LayerZero, will launch today
BNB Chain announces opBNB’s $450k+ festivities celebration giveaway
26.12.2023
BNB Chain has announced hosting the opBNB festivities celebration. The same will begin on December 28, 2023, and end on January 17, 2024. It is being linked with the upcoming New Year’s Eve to spark interest in the minds of community members. However, the reward pool of $450k+ as a Giveaway...
Exchange Bitcoin (BTC) Supply Back to 2017 Levels; Analysts Predict Upsurge for Injective (INJ) and RebelSatoshi (RBLZ)
22.12.2023
The cryptocurrency market is witnessing an intriguing pattern with Bitcoin (BTC), reminiscent of 2017 trends. On-chain data reveals a significant decline in BTC’s exchange supply, hitting levels last seen in 2017. This shift indicates a growing inclination among investors to hold onto their...
Ethereum Will Continue Losing Ground To Bitcoin: Glassnode
21.12.2023
Source: Pixabay / vjkombajn The price of Ethereum (ETH) has continuously lost ground to that of its older brother, Bitcoin (BTC), throughout the year – and on-chain data suggests it will continue to do so. As of Thursday, Bitcoin’s market cap dominance stood at 53.3%, versus Ethereum’s 16.7%. A...
Will the Next Bull Market Repeat the Success of “DeFi Summer”? It Depends on Seamless Cross-Chain UX
21.12.2023
Interoperability, enabling seamless transactions and communications across multiple blockchains, has long been a goal of crypto developers. Only with truly seamless interoperability is it possible to unlock the network effects of blockchain ecosystems, allowing liquidity and users to flow between...
Supply of Stablecoins on Ethereum Protocol 30% Lower Than in 2022 — Study
21.12.2023
The supply of stablecoins on the Ethereum chain has dropped by more than 30% from the peak of $100 billion to $66 billion since 2022. The study data shows BUSD and USDC as the two stablecoins which caused the overall market value to fall from $139 billion to $129.5 billion. Tron Stablecoin Supply...
The Rise of Chain Abstraction and End of Blockchain Factionalism
20.12.2023
China to Craft a Document for Web3 Development Involving NFTs, DApps, Cross-Chain, and Privacy Computing
20.12.2023
Image Source: Pexels The Chinese central government has revealed plans to create a strategic document to guide the development of China’s Web3 ecosystem. The document will support the growth of Web3 technologies such as non-fungible tokens (NFTs) and decentralized applications (DApps)...
ETHW Core Team Dissolved Just Weeks After Pleading for Funds to Maintain Servers
20.12.2023
The Ethereum Proof of Work (ETHW) core development organization has been dissolved to help the protocol achieve full autonomy. In late November, the ETHW team pleaded for $200,000 in funding to maintain servers and recruit part-time engineers. ETHW Core team’s development approach has been...
Technical Glitch Leads to 50% Drop in Zilliqa On-Chain Transactions – What’s Going On?
19.12.2023
Source: AdobeStock / Alexander The Zilliqa blockchain is grappling with a “critical situation” resulting in a significant disruption to its network. Developers announced the presence of a “technical issue” on social media platform X on Monday, saying it has led to...
Supra adds Oracle solutions and dVRF to Binance Smart Chain
19.12.2023
The integration of Supra’s oracle and decentralized Verifiable Random Function (dVRF) services into the Binance Smart Chain has succeeded. That combination will provide BSC developers access to a consistent supply of randomness that they can utilize for on-chain lotteries, gaming, and...