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Hacker Attacks Persist as a Major Threat to DeFi, Analysts Warn

Hacker Attacks Persist as a Major Threat to DeFi, Analysts Warn

Hacker attacks and breaches continue to pose a significant threat to the decentralized finance (DeFi) sector, despite a reduction in the total damage in 2023. This conclusion was reached by analysts at Halborn, reports CoinDesk. The report comprises the top 100 DeFi breaches from 2016 to 2023. Total losses amounted to $7.4 billion, with most […]

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Bitcoin Miners' Revenue Plummets to Annual Low

Bitcoin Miners’ Revenue Plummets to Annual Low

On August 11, the daily revenue of Bitcoin miners, smoothed by a seven-day moving average, fell to approximately $25.5 million, marking a new low for 2024. Source: Blockchain.com. Following the April halving, the figure plunged from levels above $60 million prior to the event to roughly half. Comparable figures were last recorded between August and […]

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Kyiv Court to Hear Case of Fraudulent Cryptocurrency Investment Scheme

Kyiv Court to Hear Case of Fraudulent Cryptocurrency Investment Scheme

Ukrainian law enforcement has concluded its investigation into ten members of a criminal group accused of soliciting funds under the guise of cryptocurrency investments. This was reported by the press service of the Kyiv City Prosecutor’s Office. The scheme was orchestrated by three residents of the Zhytomyr region, with acquaintances from various regions of Ukraine […]

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Ethereum ICO Whale Transfers $154 Million in ETH to OKX in a Month

Ethereum ICO Whale Transfers $154 Million in ETH to OKX in a Month

During the night of August 11-12, a whale who acquired 1 million ETH during the ICO transferred 5,000 coins ($13.2 million) to OKX. Over the month, the whale sent 48,500 ETH ($154 million) to the exchange at an average price of $3,176, according to analysts at Lookonchain. A whale who received 1M $ETH in #Ethereum […]

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MARA to Raise $250 Million for Bitcoin Acquisition

MARA to Raise $250 Million for Bitcoin Acquisition

MARA, formerly known as Marathon Digital, plans to issue $250 million in convertible bonds. The funds will be used to acquire digital gold as part of a “full hodl” strategy concerning bitcoin reserves and for general corporate purposes. MARA Announces Proposed Private Offering of $250 Million of Convertible Senior Notes https://t.co/oYRaAHvHbU — MARA (@MarathonDH) August […]

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Solana and XRP Lead July's Crypto Market Rally

Solana and XRP Lead July’s Crypto Market Rally

In July, Solana and XRP surged by 30.5% and 27.6% respectively, while the market capitalization rose by 6.1%. TVL in the DeFi segment increased by 3.5%, whereas NFT sales decreased by 7.14%. Binance maintained its lead in trading volumes among centralized exchanges, despite a decline in figures. By the end of July, the price of […]

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Ukrainian Official Accused of Illegal Cryptocurrency Mining

Ukrainian Official Accused of Illegal Cryptocurrency Mining

The head of a municipal enterprise in Chernihiv has been accused of stealing electricity for cryptocurrency mining and other illicit enrichment schemes. This was reported by the National Police of Ukraine. Law enforcement discovered a mining farm in a technical room behind the elevator on the premises of the municipal enterprise. According to the investigation, […]

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Intel Unveils AI-Focused Automotive Processor

Intel Unveils AI-Focused Automotive Processor

Intel has unveiled its first discrete graphics processor for vehicles, aimed at enhancing AI capabilities, during the AI Cockpit Innovation Experience event in China. Intel’s first discrete GPU for vehicles will bring #AI and increased compute to the #automotive industry, paving the way for a future of smarter, safer and more personalized driving. Learn more […]

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Ethereum ETFs See Positive Inflows for the First Time Since Launch

Ethereum ETFs See Positive Inflows for the First Time Since Launch

Between August 5 and 9, spot Ethereum ETFs saw inflows of $104.8 million, according to SoSoValue. This marks the first positive movement since the instruments were approved. The net outflow for the entire period decreased to $405.9 million. Data: SoSoValue. The total withdrawal from Grayscale Ethereum Trust (ETHE) increased to $2.3 billion, with a $41.7 […]

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Stock Market Rebound Revives Demand for Crypto Funds

Stock Market Rebound Revives Demand for Crypto Funds

Inflows into cryptocurrency investment funds amounted to $176 million from August 4 to August 10, following an outflow of $528 million the previous week, according to data from CoinShares. Data: CoinShares. Analysts attributed the recovery in positive dynamics to a resurgence in demand after prices fell to attractive buying levels. The volume of assets under […]

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BitGo Partners with Justin Sun and TRON to Expand WBTC Custody

BitGo Partners with Justin Sun and TRON to Expand WBTC Custody

Custodial platform BitGo has expanded the jurisdictions for storing bitcoin used in Wrapped Bitcoin (WBTC) to Singapore and Hong Kong. This development follows a strategic partnership with TRON-affiliated firm BiT Global. BitGo is pleased to announce the move of its WBTC business to the world’s first multi-jurisdictional and multi-institutional custody via a unique partnership and […]

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Binance Sets Deadline for Withdrawal of Delisted Monero and Other Tokens

Binance Sets Deadline for Withdrawal of Delisted Monero and Other Tokens

The option to withdraw Monero, Multichain, Bitcoin Gold, and several other cryptocurrencies removed from Binance’s listing will remain available until September 1, 2024, announced the exchange. After this deadline, the platform will take a snapshot of the relevant user balances and convert the assets into the stablecoin USDC. Equivalent amounts will be credited to wallets […]

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