Crypto hackers steal $750M in Q3 2024, as losses grow by 9.5% — CertiK
The third quarter of 2024 saw a decline in the number of crypto hacks, but the value of assets stolen spiked, with $753 million lost across 155 incidents.
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Ethereum balance on crypto exchanges hits new lows as ETH price retakes $3K
The total amount of Ether (ETH) held by all the crypto exchanges fell to its lowest levels, just as its prices rose back above $3,000 per token on Sept. 23.Data collected by CryptoQuant, a blockchain analytics platform, showed that exchanges' net Ethereum token reserves dropped to 18.533 million ETH, compared to 23.92 million ETH a…
DAO regulation in Australia: Issues and solutions, Part 3
Lawmakers in Australia want to regulate decentralized autonomous organizations (DAOs). In this three-part series, Oleksii Konashevych discusses the risks of stifling the emerging phenomenon of DAOs and possible solutions.Crypto anarchy is unlikely to be the future that the majority of people support. Company regulation, in its essence, has a lot of positive aspects or at…
Bitcoin price may surge as fear and uncertainty strain global markets
The global economy doesn’t seem to be in a good place right now, especially with countries such as the United Kingdom, France and Spain imposing fresh, new restrictions across their borders, thereby making the future financial prospects of many local business owners even bleaker.As far as the crypto economy goes, on Sept. 21, Bitcoin (BTC)…
Lawyers Duke it Out Over Who Gets To Lead the Class Action Suit Against Tether
In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members.IFinex’s Tether (USDT) stablecoin firm and its Bitfinex subsidiary are charged…
‘Intelligent Trading’: Crypto Platform Offering Intuitive Tools Teams Up With Binance
A platform that says it offers an intelligent and faster way of trading cryptocurrencies has announced a collaboration with Binance, the largest crypto exchange in the world.Koinfox believes the collaboration will mean that its intuitive tools will be available to a wider audience. The company claims it is the world’s first crypto platform to offer…
NFTs Gaming CEO apologizes for losing 12% of startup capital through crypto trading
0xfanfaron has vouched to personally compensate the firm's treasury for all trading losses. 371 Total views 8 Total shares According to a recent blog post, 0xfanfaron, CEO of nonfungible tokens (NFTs) gaming project Ragnarok, apologized publicly for his missteps in leading the company. Ragnark is a crypto startup that brought in $15.5 million worth of…
Nobel Prize Winning Economist Paul Krugman Expresses Skepticism About Crypto, Predicts Collapse
Nobel Prize winning economist Paul Krugman has expressed his skepticism about the value of cryptocurrencies in a New York Times Opinion piece published July 31. Krugman, who was awarded the Nobel Prize in Economic Sciences in 2008, explains his position as a “crypto skeptic” by noting the high transaction costs and an “absence of tethering”…
Artists face a choice with AI: Adapt or become obsolete
The artificial intelligence art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images. “Théâtre D’opéra Spatial,” Jason Allen’s AI artwork, even won a prize at the Colorado State Fair art competition. This shows how AI-generated images have…