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Study: Crypto Assets Worth $572.7 Million Lost to Hacks and Fraud in Q2 2024


Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across...

21shares Files to Launch Solana ETF With SEC


21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and will utilize Coinbase Custody Trust Company for secure custody of SOL. Vaneck also recently filed...

Egyptian Fintech Startup Connect Money Secures $8 Million Seed Funding


Connect Money, an Egyptian fintech startup, recently secured $8 million in seed funding. The company plans to launch new business verticals using this investment. Connect Money aims to become the go-to platform for businesses seeking seamless banking services. Successful Capital Raise Demonstrates...

Chainlink Data Streams Activate on Avalanche Blockchain With GMX Integration


Chainlink, a decentralized computing and oracle protocol, Avalanche, known for its layer one (L1) blockchain technology, and GMX, a notable decentralized exchange, have launched Chainlink Data Streams on the Avalanche blockchain. Chainlink, Avalanche, GMX Launch Data Streams on Avalanche Blockchain...

State Street Partners With Galaxy Asset Management to Create New Crypto ETFs


State Street Global Advisors has partnered with Galaxy Asset Management to provide advanced digital asset-based strategies, expanding investor access to the digital asset ecosystem beyond cryptocurrencies and bitcoin. “We believe we are in a strong position to make digital assets more...

Folks Finance announces the launch of Algorand Liquid Staking


Folks Finance has, through a blog post, announced its plans to launch the Algorand Liquid Staking Protocol xALGO. It will be the primary Liquid Staking protocol for ALGO, with a core focus on providing flexible and simple access to rewards distributed to node runners who participate in Algorand...

US Bitcoin ETF Inflows Reach $21.52M as FBTC and GBTC Lead Gains


U.S. spot bitcoin exchange-traded funds witnessed a second day of inflows as they captured $21.52 million on Thursday. The leader in terms of gains was Fidelity’s FBTC led the pack with a $19 million increase. Modest Inflows for Bitcoin ETFs on Thursday With Fidelity’s FBTC Leading...

Kenya’s Gen Z Embrace Bitcoin Amid Finance Bill ‘24 Protests


In this post Kenyan youths find a safe haven in Satoshi Nakamoto’s freedom coin, Bitcoin, amid the Finance Bill 2024 protests. BTC contributors in Kenya call on the youths to educate themselves on BTC and decentralized finance. Kenyans led by Gen Z have taken to the streets to reject...

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