Recently, the decentralized finance (DeFi) platform LI.F.I protocol fell victim to an exploit resulting in the loss of over $8 million. According to Cyvers Alerts, suspicious transactions were detected within the LI.F.I cross-chain transaction aggregator, leading to the confirmation of a breach by LI.F.I on July 16. The team issued a statement urging users not
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The US spot Bitcoin ETFs have been making headlines recently, with a daily net inflow of $301 million on July 15th. This marked the seventh consecutive day of positive inflows, setting a new record amidst a broader market recovery. It is worth noting that none of the ETFs recorded any outflows on that day. According
Blockchain-based game Axie Infinity has introduced a new feature called Avatar Mode with the release of its expansion Homeland. This feature allows players who own an Axie NFT to become the avatar that explores the map of Lunacia. Avatar Mode opens up a world of possibilities for exploration and social interaction, allowing players to traverse
The landscape of lobbying within the crypto industry has seen a significant surge in expenditures over the past seven years, as indicated by a recent study conducted by Social Capital Markets. The study demonstrates a massive 1,386% increase in lobbying spend by crypto companies, skyrocketing from $2.72 million in 2017 to an astonishing $40.42 million
Ethereum (ETH) has seen a surge in price in the last 24 hours following the announcement of the imminent launch of Spot Ethereum ETFs. This development has sparked optimism among investors regarding the future price trajectory of the second-largest cryptocurrency. The Spot Ethereum ETFs, set to launch by next week, are expected to bring a
The price of Bitcoin recently surged to over $65,000, marking a significant milestone. This increase came after a period of volatility in the cryptocurrency market, with Bitcoin recovering from previous losses and reaching around $58,000. However, this upward trend was disrupted by news related to Mt. Gox, causing the price of Bitcoin to drop by
Bitcoin has once again reclaimed the $63,000 level, bringing attention to the activation of a dormant address containing 1,000 BTC, worth approximately $60 million. This wallet had been inactive for over a decade, receiving the stash around 11 years and 9 months ago, back in September 2012 when it was valued at a mere $11,908.
The Scroll network, a ZK rollup Layer 2 network, has seen a remarkable 23% increase in the total value locked (TVL) over the past week. This surge has propelled the network’s TVL to an impressive $1.03 billion, making it the 8th Ethereum Layer 2 network to surpass the $1 billion milestone. Of this TVL, ETH
The partnership between Akedo Games and the TON ecosystem marks a significant shift in the world of blockchain gaming. Founder Blake’s sentiments about the strategic backing from TOP serving as validation for pioneering new gameplay in a decentralized gaming world set the stage for a revolution in the industry. The TON blockchain ecosystem provides developers
Ubisoft is making a bold move into the world of Web3 gaming with the launch of Champions Tactics. This new game combines strategic gameplay with blockchain technology, promising players a unique and innovative gaming experience. The game is set to launch on July 15, marking the beginning of a new era in gaming where NFTs
Russia’s Ministry of Finance has recently proposed a new approach to digital asset trading, suggesting that traditional exchanges could handle such transactions for select investors. This potential shift in regulations could have significant implications for the future of cryptocurrency in Russia. The proposed regulations outline the creation of special rules for “conducting organized trading in
Tech giants such as Coinbase, Ripple, and Andreessen Horowitz (a16z) are making waves in the political landscape by sending representatives to the Republican National Convention (RNC) and the Democratic National Convention (DNC). Their goal is to advocate for policies that are favorable to the crypto industry. The firms are part of the Fairshake super PAC,
The Sandbox has recently unveiled a new update that allows its users to easily complete direct LAND transactions through its platform. This update eliminates the need for third-party platforms, making it more convenient for users to buy and sell virtual real estate within the metaverse. One of the key features of this update is The
The crypto analyst Linda has recently made a bold claim regarding Ethereum’s price, suggesting that it could reach $4,000. This prediction is based on the potential approval of the Spot Ethereum ETFs. While Linda’s analysis seems optimistic, it is important to approach such price predictions with caution. Speculation often plays a significant role in the
The cryptocurrency market has experienced a significant surge recently, adding a whopping $200 billion in just four days. Bitcoin (BTC) saw a 4.5% increase, briefly surpassing the $63,000 mark, while Ethereum (ETH) reclaimed the $3,300 level. Other meme coins such as Dogecoin (DOGE) and Shiba Inu (SHIB) also recorded gains, with a 4% and 3%
In the past week, digital asset investment products have seen a massive increase in inflows, totaling $1.44 billion. This brings the year-to-date (YTD) inflows to an astonishing $17.8 billion, breaking the previous record. Despite this surge in inflows, trading volumes remain relatively low at $8.9 billion for the week, compared to the annual 7-day average
JP Morgan, a well-known American multinational finance company, has recently expressed a bullish outlook on the Bitcoin price despite recent bearish trends. The bank has set a timeline for the conclusion of the ongoing BTC liquidations and anticipates a subsequent rebound in the market. According to a research report released by JP Morgan, BTC liquidations
In the fast-paced financial world, it is crucial to keep a finger on the pulse of market trends and economic changes. One of the latest developments in the industry is the partnership between Wirex and Visa, which aims to revolutionize digital transaction processing. Wirex is known for its cutting-edge Web3 money app, while Visa has
Bitcoin has made a significant move, reaching the $63,000 level early on Monday, July 15th. This surge to a two-week high has led some analysts to believe that the downtrend has been broken. On-chain analytics platform CryptoQuant has pointed out that this recent increase has been primarily driven by “U.S. whales” as institutional Bitcoin purchases
South Korean lawmakers have recently put forward a bill that suggests postponing the implementation of crypto gain tax until 2028. This proposal, brought forth by the ruling political party on July 12, comes as a response to the current negative sentiments surrounding the crypto industry. The lawmakers have expressed concerns about the diminishing investment sentiment
In a recent incident on the Blur Marketplace, an investor fell victim to a phishing scam resulting in a loss of $240,000 worth of NFTs. This wasn’t just any ordinary phishing scam – it was a well-planned attack that exploited a loophole in Blur’s listing system. The scammer manipulated the sales process by engaging in
Recently, XRP has seen a significant surge in its price, outperforming other major cryptocurrencies in the market. The overall cryptocurrency sector has experienced a rally with a global market capitalization exceeding $2.4 trillion, according to data from CoinGecko. Notable digital assets like Bitcoin, Ethereum, and Solana have all shown positive performance on a weekly scale.
Metaplanet, an investment firm based in Japan, recently made a bold move by purchasing 42.4 Bitcoin for ¥400 million ($2.4 million). This strategic acquisition aims to enhance the company’s long-term financial strategy by adding Bitcoin to its holdings as a “strategic treasury reserve asset.” With the current value of Bitcoin at $57,652 and struggling to
Greetings Verse Community, The Verse brand will be 2 years old in December 2024. Our brand welcomes visitors from 192 regions around the world each month, and is highly visible by users in the self-custodial . We are fortunate to be able to draw in users with our strong brand and highly visible domain. Many of
Guild of Guardians has introduced a new and exciting feature called Idol Sacrifice, which allows players to unlock rare and powerful guardians through a challenging yet rewarding method. This article will delve into the mechanics of Idol Sacrifice and provide tips on how to maximize your power in the game. Idol Sacrifice is a game-changing
The 2024 presidential election has brought to light the increasing relevance of Bitcoin and other cryptocurrencies among voters, particularly among Republican supporters. A recent poll funded by crypto-focused investment firm Paradigm revealed that a significant percentage of Republicans who were originally undecided about supporting Donald Trump have shifted their views in light of his pro-crypto
As the United States gears up for the upcoming elections in November, the role of crypto voters has come into the spotlight. The crypto exchange Coinbase has conducted a survey revealing that 52 million Americans own cryptocurrencies, with a significant number residing in key battleground states. These states, such as Arizona, Florida, Michigan, and Georgia,