Digital assets worth over $572.7 million were lost to hacks and fraud in the second quarter of 2024. This latest figure brings the value of digital assets lost to hacks, fraud, and scams in 2024 to $920.9 million. Decentralized finance (defi) platforms lost approximately $172.1 million across 63 incidents. This figure is 25% lower than…
Yield App, a platform for earning interest, buying, and swapping cryptocurrencies, announced on social media platform X Friday the suspension of all activities in preparation for liquidation proceedings. The Seychelles-based company halted operations due to significant portfolio losses from third-party hedge fund managers on the failed cryptocurrency exchange FTX, which are currently under litigation. To…
The crypto market is currently alive with anticipation as three key players—NEAR Protocol, Polygon (MATIC), and BlockDAG—attract investor attention through their recent advancements. NEAR Protocol consistently demonstrates stability even as the market shifts, preparing to overcome critical price barriers. Meanwhile, Polygon is on the path to recovery after a notable price decline, suggesting potential for…
Bloomberg’s senior ETF analyst has stated that the odds of a Solana exchange-traded fund (ETF) being approved within the next 12 months are closely linked to the likelihood of a change in the U.S. presidency. He noted that it is “safe to say the chances of both are higher today than they were yesterday.” Potential…
The U.S. Securities and Exchange Commission (SEC) sued Ethereum infrastructure provider Consensys on Wednesday for allegedly failing to register key services offered within its MetaMask software wallet. The SEC’s lawsuit comes two months after it issued a Wells notice to Consensys voicing the agency’s intent to sue regarding the popular Ethereum wallet, which its website…
Brett’s price recently dropped by 12%, falling to $0.1303, while Hedera’s (HBAR) ETP launch on Börse Frankfurt marks a significant step for institutional access to digital assets. In comparison, BlockDAG (BDAG) is the top crypto to invest in 2024. With strategic innovations, robust community engagement, and a presale surge of $54.3 million from selling 11.8…
21shares has filed a registration statement for a solana exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF will trade on the Cboe BZX Exchange and will utilize Coinbase Custody Trust Company for secure custody of SOL. Vaneck also recently filed a registration statement with the SEC to launch a solana…
According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the cryptocurrency. Peter Thiel Talks Bitcoin: A Holder With Cautious Optimism Peter Thiel, the renowned billionaire and co-founder of Paypal, Palantir Technologies, and Founders Fund, shared his thoughts on bitcoin (BTC)…
T-Rex Group – a financial services company – has filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This financial vehicle is being deemed as potentially the most volatile ETF in the country. The filing with the Securities and Exchange Commission’s EDGAR platform reveals that the main aim of the…
What drives an investor’s choice in the crowded world of cryptocurrencies? Is it the promise of high returns, the strength of the community, or the innovative technology behind the coin? As the crypto market continues to expand, certain projects stand out, capturing the attention of keen investors. MoonBag coin, the top crypto presale, is one…