Stolen funds and ransomware amounted to over $2 billion in illicit crypto transactions in 2024, according to Chainalysis. Despite an overall 20% decline in illicit on-chain activity year-to-date, these two categories have seen significant growth. Stolen funds inflows nearly doubled from $857 million to $1.58 billion, an amount 84.4% greater than the value stolen over the …
Monthly archives: August 2024
Bitcoin records negative returns during Asian trading hours post-April 2024 halving
Onchain Highlights DEFINITION: This metric shows the 30-day change in the regional price set during Asia working hours, i.e., between 8 am and 8 pm China Standard Time (00:00-12:00 UTC). Bitcoin’s price performance in Asian markets has experienced substantial fluctuations in 2024, influenced by key macroeconomic and crypto-specific factors. Before the April 2024 halving, Bitcoin …
ZachXBT exposes North Korean agents infiltrating crypto projects to conduct thefts
Crypto investigator ZachXBT has unveiled a sophisticated operation involving North Korean IT workers who infiltrated a project’s development team and stole $1.3 million from its treasury. The theft occurred after the developers, hired under fake identities, pushed malicious code that facilitated the transfer of funds. Internal theft ZachXBT traced the stolen funds through a complex …
Chaos Labs Secures $55M Series A Funding to Bolster Defi Risk Management Solutions
Chaos Labs has raised $55 million in a Series A funding round, led by Haun Ventures, to advance its onchain risk management platform for decentralized finance (defi). The company plans to use the funds to further enhance its technology, which automates real-time protocol parameter recommendations to improve the security and efficiency of defi protocols. Chaos …
Study: Crypto and Bitcoin Lead as Reddit’s Most Mentioned Words in Investment Forums
A recent study by Cyber Metals, a JM Bullion company, analyzed the sentiment, vocabulary, and profanity within popular investment subreddits on Reddit, uncovering distinct trends in how different communities discuss stocks, crypto assets, and precious metals. The findings highlight the unique culture of each subreddit, reflecting the diverse moods and attitudes of online investors. Reddit …
Food Price Controls in America? Kamala Harris’s Controversial 2024 Strategy Unveiled
Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal ban” on food price increases. Despite the price control failures seen in countries like Venezuela, Bolivia, and Argentina, Harris’s …
Chainlink Integrates Data Streams and VRF on Base Blockchain
Chainlink has expanded its offerings on the Base blockchain by launching its Data Streams and Verifiable Random Function (VRF) services. This development ensures that the full suite of Chainlink products is now accessible to developers using Base, a layer-two (L2) blockchain built on Ethereum. Chainlink Expands Services on Base Blockchain The recent integration of Chainlink’s …
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Web3 Name Service Firm Unstoppable Domains Secures ICANN Accreditation
Unstoppable Domains has achieved accreditation from the Internet Corporation for Assigned Names and Numbers (ICANN), marking its entry as a significant onchain player in the broader domain industry. The accreditation positions the company as the largest ICANN-accredited registrar in the Web3 sector. ICANN Accredits Unstoppable Domains as Largest Web3 Registrar Unstoppable Domains, known for its …
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Cryptoquant: Bitcoin Miners Expand Capacity But Struggle to Stay Profitable
Bitcoin miners are expanding their hashing capacity, reaching new record highs despite ongoing challenges in profitability. This report from Cryptoquant Institutional Insights highlights that miners are selling off assets as they face diminishing profit margins and rising operational difficulties. Bitcoin Miners Face Capitulation Amid Record-High Hashrate and Squeezed Margins In the latest findings from Cryptoquant’s …
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Making Bitcoin Mining Work in 2024: The Role of DeMi Token
As the landscape of Bitcoin mining becomes increasingly competitive, the question of profitability takes center stage. With advancements in technology and shifts in the industry, it’s crucial to understand how Bitcoin mining remains viable today and how the DeMi Token is redefining access to this opportunity. The Evolution of Bitcoin Mining In the early days, …
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Low users, sex predators kill Korean metaverses, 3AC sues Terra: Asia Express
Low user numbers and sex predator scandals are killing South Korean metaverses, 3AC sues Terra, Malaysian crypto kidnappings. Asia Express.
Bitcoin stagnates as bearish headwinds continue to blow
Bitcoin price falls as demand for leveraged long BTC futures and stablecoins drops.
Long-Term Bitcoin Holders Accumulate Over $22,058,146,000 in BTC Over the Past Three Months, According to Glassnode
Long-term Bitcoin (BTC) holders are suddenly rapidly accumulating massive amounts of the top digital asset by market cap, according to blockchain analytics platform Glassnode. In a new analysis, Glassnode reports that Long-Term Holders (LTH), or addresses that hold coins for at least 155 days, have accumulated more than $22 billion worth of Bitcoin in the …
Analyst Says Bitcoin Primed To Crash Below $50,000 if Major Level Holds, Updates Outlook on Sui and Helium
A closely followed crypto analyst said that Bitcoin (BTC) could dip below the $50,000 mark if one major support level fails to hold. In a new strategy session, pseudonymous crypto trader Altcoin Sherpa tells his 219,900 followers on the social media platform X that the crypto king’s next test could either send it flying past …
Coinbase Now Available in Hawaii Following Regulatory Clarity From America’s 50th State
Crypto exchange Coinbase just announced that Hawaii residents can now use its platform to buy and sell digital assets. In a statement, the largest US-based crypto exchange says its products and services are now available in The Aloha State after the Hawaii Department of Commerce and Consumer Affairs (DCCA) Division of Financial Institutions (DFI) made …