One of the major narratives that have been dominating the crypto market in 2021 is the influence of crypto whales – large holders of bitcoin and other popular cryptocurrencies. These whales have the power to significantly impact prices and market sentiment. The fear of market manipulation by whales has been a cause of concern for
Threat
The recent developments surrounding the hacker responsible for the $235 million theft from the Indian crypto exchange WazirX have raised concerns within the cryptocurrency community. The hacker’s use of sanctioned Tornado Cash to launder around $10 million in Ethereum in the past 24 hours has shed light on the complexity of their operations. By moving
Bitcoin, the leading cryptocurrency, experienced a significant drop in value from $59,076 to $57,127 during the early Asian trading session, highlighting its vulnerability to external factors. One of the looming threats is the US recession, which has instilled palpable tension in financial markets. This is particularly crucial for Bitcoin, as it has yet to undergo
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
The recent Wells notice sent by the U.S. SEC to OpenSea has raised concerns about the regulation of digital assets, particularly non-fungible tokens (NFTs). The SEC is suggesting that some NFTs traded on OpenSea could be classified as unregistered securities, potentially implicating the platform itself in illegal activity. This has sparked a debate about whether
The high degree of centralization in many major cryptocurrencies, such as Polygon (MATIC) and Shiba Inu (SHIB), poses a serious threat to market stability. With the top ten wallets controlling such a significant portion of the total market capitalization, there is a risk of price manipulation and increased volatility. These large holders have the power
France has seen a significant increase in crypto businesses establishing their European headquarters in the country over the past decade. This rise can be attributed to favorable tax rates, a talented pool of individuals from across Europe, and a strong culture of innovation in the Web3 space. Additionally, France was quick to adopt clear regulations
The DeFi Education Fund and the Blockchain Association have raised significant privacy and security concerns regarding the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The CAT, launched in April, aims to track all securities trades across US markets, creating the largest government-mandated collection of personal financial data in history. The NCLA initiated a
Recently, a new malicious browser extension known as the “Bull Checker” has been causing havoc among Solana users on Reddit. This extension, disguised as a meme coin tracker, has managed to evade detection systems and drain the wallets of unsuspecting users. The implications of such malicious extensions are far-reaching and highlight the need for users
Recently, blockchain investigator ZachXBT revealed shocking information about North Korean developers who managed to steal $1.3 million from a project’s treasury. This brazen act of theft involved the use of fake identities to inject malicious code into the system, enabling the unauthorized transfer of funds. The stolen funds were cleverly laundered through various channels, including