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Web3 Losses Cut By 23% in Q1 2024, Hackers May Be Eyeing $100 Billion in Locked Funds – Immunefi
28.3.2024
Almost $100 billion in capital is locked across Web3 protocols, representing an attractive opportunity for blackhat hackers, Immunefi said.
The post Web3 Losses Cut By 23% in Q1 2024, Hackers May Be Eyeing $100 Billion in Locked Funds – Immunefi appeared first on Cryptonews
Hedging Shields Portfolios from Whales Known to ‘Sell Their Losses to Retail Investors’ – Robby Greenfield
25.3.2024
Despite the notion that portfolio hedging is a preserve for institutional investors, Robby Greenfield, the CEO of Umoja Labs, says even retail investors can use well-known techniques to insulate their crypto portfolios against sudden and steep price swings. The CEO however concedes that many retail...
Is DogWifHat Going to Crash? WIF Price Plummets 26% as Focus Turns to Fresh Bitcoin Alternative
21.3.2024
DogWifHat (WIF) has lost 26% over the last week, making for some of the heaviest seven-day losses for a leading cryptocurrency today. It trades at $2.41 as of this writing, according to CoinGecko. A slight pullback today has hit meme coins the hardest. Market leaders Dogecoin (DOGE) and...
Is Solana About to Crash? SOL Price Dips 11% Amid Buzz for Viral Green Bitcoin – Early Buying Opportunity?
20.3.2024
Solana (SOL) briefly looked set to crash when it dipped 11% in the early hours of the morning UTC just a few hours after it flipped Ethereum for highest 24 hour trading volume. It has since stabilized somewhat, and its 24 hour losses are now just 4.1% as it changes hands at around $171...
DogWifHat Price Prediction as WIF Plummets 12% Suddenly – Here’s the Next Support to Watch
15.3.2024
Popular meme coin DogWifHat (WIF) plummeted 12% in the space of 24 hours to trade at $2.85 at the time of writing. Broadly speaking, all leading meme coins share the same fate today, with market leaders Dogecoin (DOGE), Shiba Inu (SHIB), and PEPE posting similar losses. Crypto’s novelty coin...
Crypto Gains Surpassed $37.6 Billion in 2023: Chainalysis
14.3.2024
Global crypto gains reached $37.6 billion in 2023 following substantia losses in 2022, blockchain intelligence firm Chainalysis reveals in a new report released Thursday. The latest data is a promising sign for the crypto industry amidst bitcoin's dramatic rally.
The post Crypto Gains Surpassed...
Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022
13.3.2024
Crypto mining firm Core Scientific has announced a decline in year-on-year revenues in its Q4 2023 results, accompanied by a substantial reduction in net losses.
The post Core Scientific Reports $502M in 2023 Revenue, Down From $640M in 2022 appeared first on Cryptonews
Sweden’s Central Bank Chief Cautions Against Bitcoin Integration Due to Speculative Nature
12.3.2024
Sweden's Central Bank Governor, Erik Thedeen, advocates for minimal Bitcoin adoption within the nation's financial system. He emphasizes concerns about Bitcoin's speculative valuation and potential investor losses.
The post Sweden’s Central Bank Chief Cautions Against Bitcoin Integration...
FBI: Crypto Investment Fraud Surged 53% in 2023, Topping $3.94 Billion
10.3.2024
The Federal Bureau of Investigation (FBI) has reported a surge in losses due to cryptocurrency-related investment scams.
The post FBI: Crypto Investment Fraud Surged 53% in 2023, Topping $3.94 Billion appeared first on Cryptonews
Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI
8.3.2024
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime
Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash
7.3.2024
A class action securities lawsuit was filed against Hut 8 Corp., seeking to recover the losses of shareholders who were adversely affected by alleged securities fraud between November 9, 2023, and January 18, 2024.
The post Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash...
DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report
1.3.2024
A report sent to Cryptonews by web3 app and antivirus solution De.Fi noted that $82,287,101 was lost in February 2024 from security incidents, with just $1,325,932 recovered.
The post DeFi Exploits in February Cause Losses of $82 Million With Just $1.3 Million Recovered: Report appeared first...
Web3 Lost Over $200 Million to Hackers in Two Months of 2024, More to Come – Immunefi
29.2.2024
"2024 will likely witness the most substantial losses in Web3 ever in terms of volume of funds," Jonah Michaels, Comms Lead at Immunefi, told Cryptonews.
The post Web3 Lost Over $200 Million to Hackers in Two Months of 2024, More to Come – Immunefi appeared first on Cryptonews
Over 70% of Crypto Users Have Never Lost Assets to Phishing or Hacks: Survey
29.2.2024
A WalletConnect survey published Thursday found that more than 72% of crypto wallet owners in the US and UK said they've never experienced losses from phishing or hacks.
The post Over 70% of Crypto Users Have Never Lost Assets to Phishing or Hacks: Survey appeared first on Cryptonews
El Salvador President Nayib Bukele Confirms No Bitcoin Sell-Off for Now
29.2.2024
El Salvador President Bukele slammed the critics who wrote about the country’s supposed losses when BTC price was low and stressed that it "won't sell" as of now.
The post El Salvador President Nayib Bukele Confirms No Bitcoin Sell-Off for Now appeared first on Cryptonews
Top Crypto Hedge Fund Faced Swiss Raid Over FTX-Linked Losses
20.2.2024
Crypto hedge fund Tyr Capital Partners faces allegations of "criminal" mismanagement and was raided by a Swiss prosecutor over losses incurred in relation to FTX.
The post Top Crypto Hedge Fund Faced Swiss Raid Over FTX-Linked Losses appeared first on Cryptonews
Bitcoin Price Below $80,000 At Halving Could Trigger Miner Losses – Fidelity
16.2.2024
Fidelity Digital Assets speculates losses for some miners if the Bitcoin price remains under $80,000 after the upcoming halving in April. The company released its 2024 market outlook, highlighting the growth recorded so far in Bitcoin, the state of miners, and possible perspectives for the near...
Bitcoin Long-Term Holders Spend 300k BTC Amid Multi-Year Highs, Losses Thin Out
14.2.2024
Almost all Bitcoin long-term holders are back in the black this week after the leading digital asset resurged above $50,000 on Monday for the first time since December 2021. That’s despite a major market pullback last month following the launch of several Bitcoin spot ETFs, characterized by many...
PlayDapp Security Breach Escalates: Cumulative Losses Surpass $290 Million Mark
14.2.2024
The recent PlayDapp security breach has taken a grim turn, with cumulative losses now exceeding $290 million. According to a report by blockchain analytics firm Elliptic, the exploit resulted in the theft of millions worth of PLA tokens, the native cryptocurrency powering PlayDapp’s gaming...
Avalanche Price Prediction as AVAX Drops 5% in 24 Hours – Dip Buying Opportunity?
12.2.2024
Avalanche (AVAX), which is currently the tenth biggest cryptocurrency with a market capitalization of over $14 billion, has posted an overnight dip of 4.7% to trade at $38.58 at the time of writing. The losses come amidst a broader market-wide pullback as leading cryptocurrencies Bitcoin...