The saga of Facebook’s ambitious blockchain initiative, originally dubbed Libra and later rebranded as Diem, serves as a cautionary tale about the intersection of technology and politics. David Marcus, the former head of this project, recently articulated the powerful role that political forces played in its downfall. In his reflections, he emphasized that the initiative’s
Finance
As the digital landscape evolves, the emergence of non-fungible tokens (NFTs) has redefined the concept of ownership and investment in digital assets. Unlike traditional currencies, NFTs represent a unique ownership model that applies to a multitude of digital items, including art, gaming characters, music, and more. While the allure of NFTs has attracted many to
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
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
Semilore Faleti has emerged as a notable figure in the ever-evolving landscape of cryptocurrency journalism. His foray into writing began with a broader focus, but he soon honed in on the complex world of digital assets. Over two years of dedicated crypto writing, Semilore has developed a deep understanding of the mechanics behind blockchain technology,
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
Stablecoins, currently valued at less than $200 billion in market capitalization, represent a minor fraction of the global financial landscape—only about 1% of the U.S. money supply and foreign exchange transactions. Despite their limited presence, a recent report from Standard Chartered and Zodia Markets indicates noteworthy potential for growth. This report, entitled “Stablecoins: The First
Bitcoin, long hailed as the flagship cryptocurrency, has recently experienced a remarkable surge, boasting a 33% increase in just one month. This robust upward momentum has reignited discussions about its price trajectory, with enthusiasts and analysts alike setting ambitious targets. Notably, Charles Hoskinson, the founder of Cardano, has projected that Bitcoin could reach a staggering