The crypto space faced significant challenges in August 2021, with over $313 million in losses reported due to more than ten different hacking incidents. Shockingly, 93.5% of the stolen funds were a result of just two major phishing attacks during that period. These incidents, as highlighted by blockchain security firm PeckShield, cumulatively accounted for a
Bitcoin
The latest Crypto Wealth Report 2024 by Henley & Partners has revealed some staggering statistics regarding the growth of wealth in the crypto market. The number of individuals holding over $1 million in digital assets has surged by 95% to 172,300, with the total value of the crypto market reaching $2.3 trillion, an 89% increase
In the month of August, data from bitcoin on-chain analysis platform Bitbo revealed that miners of the largest cryptocurrency experienced a significant decline in revenue generation. The figures showed that BTC mining activities only secured $827 million, marking a more than 10% decrease from the previous month’s $927.35 million. This downturn also represented a 57%
Last week, digital asset investment products experienced $305 million in outflows, signifying a notable shift in market sentiment. This negative sentiment was prevalent among various providers and regions, with CoinShares highlighting the impact of stronger-than-expected economic data from the United States. The report attributes this downturn to the reduced likelihood of a 50-basis point interest
The past 24 hours have not been kind to the cryptocurrency market, with Bitcoin’s price dropping to a 2-week low of $57,100. This comes after a week of mixed performance, where Bitcoin briefly surged to over $65,100 before facing a steep decline. The bearish trend seems to have continued, with Bitcoin struggling to regain its
In a groundbreaking turn of events, a London resident named Habibur Rahman has found himself in legal trouble for operating a Bitcoin ATM without the proper registration. Rahman, who resides in Langdon Crescent, East Ham, was taken into custody following a raid by Kent Police at a gadget shop in Chatham on April 28, 2023.
Peter Diamandis, the founder of X Prize and Singularity University, recently posed a thought-provoking question to his 262K+ followers regarding the reliability of Bitcoin. Many responses highlighted the fact that Bitcoin has maintained its promise and functionality for 15 years without fail. One notable reply pointed out that Bitcoin has consistently executed new blocks of
In recent weeks, there has been a noticeable increase in demand for bitcoin (BTC) in the United States. This surge in interest can be attributed to Federal Reserve chair Jerome Powell’s comments at the Jackson Hole symposium. However, it is essential to recognize that this rise in demand is primarily concentrated on BTC and has
The much-anticipated 2024 bitcoin bull run has not lived up to expectations, despite the asset reaching a new all-time high earlier in the year. The initial excitement stemmed from the greenlighting of spot BTC ETFs in the US in January, with hopes of a spectacular rally to the $100,000 mark after the halving. However, the
Ethereum (ETH) has been facing challenges in the market, particularly in relation to the performance of its ETFs. The recent data from Farside Investors has highlighted a concerning trend regarding decreasing interest in Ethereum ETFs. This has raised questions about the future appeal of these financial products and their ability to compete in an increasingly