On December 1st, 2023, a significant security incident struck the decentralized exchange (DEX) Clipper, drawing attention to vulnerabilities in the DeFi sector. The breach occurred at 4 am UTC and primarily targeted its liquidity pools on the Optimism and Base networks. This incident serves as a stark reminder of the ongoing challenges that decentralized platforms
2024
SBI VC Trade, a subsidiary of Japan’s prominent financial institution SBI Holdings, has made headlines recently by announcing collaborations with two significant players in the cryptocurrency space: DMM Bitcoin and Metaplanet. This move underscores SBI Holdings’ position as a frontrunner in Japan’s financial sector and its commitment to expanding its influence in blockchain technology. With
In recent years, the surge in cryptocurrency ownership has captured the attention of economists and financial analysts alike. A detailed investigation conducted by experts at the United States Treasury, utilizing IRS data from households, has unveiled significant trends in crypto ownership. This surge not only reflected a growing interest in digital currencies but also appeared
In the ever-evolving world of cryptocurrency and blockchain technology, platforms like Pump.fun are rapidly gaining traction, particularly in the niche sector of meme coin trading. Recently, SecondLane, a private marketplace designed for trading such assets, indicated a robust valuation for Pump.fun, pricing a 1% equity stake at $15 million. This move positions Pump.fun’s fully diluted
Since its inception with the mainnet launch on August 9, 2023, Base, an Ethereum Layer 2 solution incubated by Coinbase, has witnessed an extraordinary trajectory in growth and adoption. The data reported by Delphi Digital underscores this impressive progression, particularly in terms of daily transactions and total value locked (TVL). Base has distinguished itself from
Ethereum, one of the leading cryptocurrencies in the market, has recently experienced a notable increase in its price, surpassing the $3,500 mark for the first time since July 2024. This rise reflects a significant shift in market sentiment after a relatively sluggish period in early November of that year. However, as traders embrace this upward
November 2024 revealed a striking trend in the cryptocurrency sector, as hacks represented an astonishing 99.96% of all reported losses in the industry. This statistic, illuminated by a comprehensive report from Immunefi published in collaboration with CryptoPotato, indicates an increasingly alarming trend: the decentralized finance (DeFi) space is facing relentless attacks from hackers. Despite an
In a significant move that bridges traditional messaging and innovative technology, LINE, a leading Japanese communication platform, is set to disrupt the digital landscape with the introduction of decentralized applications (dApps). Scheduled for rollout in 2024, these 30 mini dApps aim to make blockchain accessible to the masses, enhancing user experience across various activities such
In recent months, the stablecoin market has experienced unprecedented growth, setting new records in market capitalization. The flurry of activity, as highlighted by a recent Bloomberg report, indicates that this segment of the cryptocurrency industry has expanded by a staggering 46% in 2024 alone. Stablecoins, known for bridging the gap between traditional financial systems and
In an innovative move designed to promote sustained user engagement, W-Coin, a popular tap-to-earn game on Telegram, has implemented an inactivity penalty that notably impacts airdrop rewards. This new rule signifies the game’s commitment to fostering an active community while potentially reshaping user behavior and incentives within the gaming ecosystem. Under the announced mechanism, users