Crypto

The dApp industry has witnessed remarkable growth in 2023, as highlighted by DappRadar’s recently released 2023 Industry Report. This comprehensive report presents an overview of the dynamic landscape, shedding light on key trends in NFTs, DeFi, and blockchain gaming. The findings reveal a 124% year-over-year increase in Unique Active Wallets (UAW), showcasing the industry’s expanding
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Blockchain technology has seen significant growth and adoption across various industries, including gaming. The concept of blockchain games, which leverage decentralized networks to offer players enhanced ownership and unique gaming experiences, has been met with enthusiasm. However, a recent analysis from the Big Blockchain Game List has revealed that more than 30% of blockchain games
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The recent report by the Commodity Futures Trading Commission (CFTC) sheds light on the fundamental issues within decentralized finance (DeFi) systems. It highlights the absence of clear lines of responsibility and accountability intentionally overlooked by certain industry structures. The report emphasizes the substantial risks that DeFi systems pose to consumers, investors, financial stability, market integrity,
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In a surprising turn of events, the Securities and Exchange Commission (SEC) announced on January 9th that their official Twitter account had been compromised. The hackers took advantage of the vulnerable account and made a false announcement regarding the approval of spot Bitcoin ETFs. The following day, the SEC confirmed the hack and provided more
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Bitcoin’s recent rapid decline in USD value from $45,400 to $40,400 triggered significant long liquidations, marking the third-highest volume since the bear market’s lowest point in November 2022. However, analysis from IntoTheBlock reveals an intriguing trend in the market. It appears that large holders of Bitcoin, who possess over 1% of the total supply, have
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In Binance’s latest Proof-of-Reserves report, it has been revealed that the exchange holds an ample amount of XRP to cover customer balances. With a ratio of 104.26%, Binance demonstrates its commitment to financial transparency and integrity. This ratio indicates that the exchange has more than enough reserves to fully back all customer funds. The Proof-of-Reserves
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In a recent report by WSJ, it was revealed that Binance co-founder Yi He holds a significant stake in Binance’s holding company located in the Cayman Islands. With a minimum of 10% ownership, Yi He wields substantial influence over the marketing and investment aspects of the company. In fact, in the absence of CEO Changpeng
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Blockchain-based decentralized finance (DeFi) protocols continue to face security threats, as evidenced by the recent exploit on Gamma Strategies. This article critically examines the incident, the protocol’s response, and the broader implications for the DeFi industry. Gamma Strategies, an Ethereum-based DeFi protocol, suffered a significant exploit that resulted in a loss of approximately $3.4 million.
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Cross-chain lending protocol Radiant Capital recently fell victim to a hack, resulting in the loss of 1,900 ETH, equivalent to around $4.5 million. The incident was discovered by blockchain security and analytics firm PeckShield Inc. Radiant Capital operates as a decentralized borrowing and lending protocol, utilizing cross-chain functionality built with LayerZero technology. Currently, the protocol
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As Ripple’s native token, XRP, continues to make headlines in the cryptocurrency industry, industry participants are eagerly speculating on whether it is on the verge of a price rally. With its parent company’s success in a lawsuit against the US Securities and Exchange Commission (SEC), many are optimistic about XRP’s future. In this article, we
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Bitcoin has experienced a significant surge, gaining 7.2% in the past 24 hours. During the Tuesday morning Asian trading session, the leading cryptocurrency reached an intraday high of $45,498. This impressive rally comes after a relatively flat performance over the holiday weekend, signaling a bullish start to the new year. These price movements have propelled
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