Search
Crypto Economy Shrinks, Over 3 Dozen Coins Record Double-Digit Losses
17.6.2024
While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto...
Whale increases PEPE holdings by $1.75 million despite previous losses
17.6.2024
Among the peculiarities of the constantly fluctuating crypto market, there are large investors or ‘whales,’ who possess the ability to shift the market trends. More recently, a large whale was in the news for upping their stake in PEPE, a meme-based, or joke, cryptocurrency by $1.75 million. This...
Crypto hack losses hit $19B, Terraform Labs shuts down: Finance Redefined
14.6.2024
Nearly $19 billion worth of digital assets have been lost to exploits in the past 13 years, with $2.9 billion stolen in the largest single crypto theft
U.S. CPI and Fed Meeting: Things to Watch Out as BTC Nurses Losses
12.6.2024
BTC has come under pressure in the lead up to the key events that could influence Fed rate cut expectations
EU elections 2024: Pro-crypto parties pick up seats amid Green losses
11.6.2024
The European elections have caused a stir, but several pro-crypto or crypto-supportive parties have gained seats
Meme Sector Sees Sharp Sell-off as GameStop Losses Extend to 60%
11.6.2024
A Solana meme parody of the actual company was down 25% in the past 24 hours, with steep losses across other meme tokens that tended to move in tandem with GameStop
Loopring suffers huge losses after security lapse in ‘Guardian’ service
10.6.2024
According to the information available from the market, $5 million was drained from wallets powered by Loopring’s guardian service. Loopring, the Ethereum zkEVM protocol, is often termed Ethereum’s most secure wallet. They shared details of two wallet addresses badly affected by...
US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged
4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...
Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses
3.6.2024
The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within...
Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms
2.6.2024
In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59.3 million were lost to similar attacks. Gala...
Ex-Banker Sentenced to 41 Months in US Prison for Crypto Fraud Scheme
2.6.2024
Rashawn Russell, a former investment banker, was sentenced on Thursday to 41 months in prison for a cryptocurrency fraud scheme that caused $1.5 million in investor losses. From November 2020 to August 2022, Russell deceived multiple victims by promising high returns from cryptocurrency...
Iggy Azalea’s anti-scam plan and crypto losses from hacks decline by 12%: Finance Redefined
31.5.2024
In a bold move to combat crypto scams, Iggy Azalea pledges to burn her own coins
Crypto losses: $200 million in 2024 due to hacks, rug pulls
31.5.2024
Recently, in the year 2024, the cryptocurrency industry has experienced a rapid increase in financial damages due to the frequent occurrence of cyberattacks such as hacks and rug pulls. Immunefi, a blockchain security firm, disclosed that 32 confirmed attacks resulted in losses exceeding $200...
Crypto losses from fraud and hacks declined 12% in May — Immunefi
30.5.2024
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year
Crypto Hacks, Rug Pulls Led to $473M Worth of Losses in 2024: Immunefi
30.5.2024
More than $473 million worth of cryptocurrency has been lost to hacks and rug pulls in 2024, according to a report by security researcher Immunefi
Is It Too Late to Buy Celestia? TIA Price Pumps 14% While a New Solana Project Raises Over $3 Million
29.5.2024
Celestia’s $TIA token has fallen is up 14% in the last 24 hours to trade at $11.63 as of this writing. Today’s price also represents a 17% advance from this time last week. By contrast, the two market leaders, Bitcoin ($BTC) and Ethereum ($ETH) actually posted slight intraday losses of 1%...
Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses
27.5.2024
Binance, which became the largest shareholder of the South Korean cryptocurrency exchange Gopax, recently sold the asset claims of Gopax victims at less than half their face value.
The post Binance Sells Gopax’s Genesis Asset Rights at Steep Discount, Leading to Significant Losses appeared...
JayX Launches Unique LK Trading Contest: Win Big Even with Losses
24.5.2024
PRESS RELEASE. JayX, a leader in blockchain innovation, is thrilled to announce the LK Trading Contest, a novel event designed to engage traders of all levels with its unique dual prize structure. Running from May 20, 2024, 10:00 UTC to June 20, 2024, 9:59 UTC, this competition celebrates both high...
The Week’s Biggest Crypto Gainers and Losers: PENDLE Soars, WLD Plummets
20.5.2024
This week bitcoin appreciated over 6% against the U.S. dollar, while ether increased more than 3% in the same period. Meanwhile, more than twelve alternative cryptocurrencies saw double-digit gains between 10% and 33.4%. Weekly Crypto Highlights: Double-Digit Gains and Losses Across the Board As...
Security Firm CertiK Detects $5M Security Flaw in Cross-Chain Bridge Wormhole
14.5.2024
Security firm CertiK said it has detected a flaw in the cross-chain bridge Wormhole which could have resulted in $5 million worth of losses.
The post Security Firm CertiK Detects $5M Security Flaw in Cross-Chain Bridge Wormhole appeared first on Cryptonews