Crypto losses from hacks and scams soared by 113% in Q2 2024 to reach $572M
Losses from scams and exploits increased in the second quarter as centralized exchanges lost millions, reversing a previous downtrend.
Related Posts
BNP Paribas connects to major stock exchanges with DAML smart contracts
The DAML smart contract language is getting more popular. 1445 Total views 3 Total shares BNP Paribas' securities arm has partnered with Digital Asset to develop a number of real-time trade and settlement applications using DAML-based smart contracts, the firm announced on Sept. 15.The new DAML-driven apps will connect BNP Paribas Securities Services with major global…
FTM price rebounds 50% as Fantom reveals 30 years runway (without having to sell its token)
Fantom (FTM) continued its upward momentum on Nov. 30 amid reports that the Fantom Foundation generates consistent profits and has 30 years of runway without having to sell any FTM tokens. Fantom's FTM holdings up from 3% to 14%FTM price gained nearly 13.5% to reach $0.24, its highest level in three weeks. The rally came as…
German regulators launch inquiry into ChatGPT GDPR compliance
Germany becomes the latest European nation to officially question OpenAI’s compliance with GDPR. 350 Total views 6 Total shares Own this piece of history Collect this article as an NFTOpenAI faces another hurdle in its quest to continue doing business in the European Union as German authorities have launched an inquiry into the company’s privacy…
38,000 People Are Watching a Fraudulent VeChain YouTube Scam Right Now
38,000 viewers are reportedly tuning in to a YouTube live-stream promoting the classic “double your money” scam targeted at users of VeChain VET tokens. 1097 Total views 21 Total shares VeChain is clearly going up in the crypto world, as it is the latest target of the classic fake livestream airdrop on YouTube. The livestream,…
Will Stellar’s 55 Billion XLM Burn Trigger a New Bull Cycle?
On Nov.4 Stellar Lumens announced the completion of a 50% token burn of their total supply. This led to the destruction of 55 billion (XLM) tokens and the Stellar Development Foundation explained that the token burn was designed to provoke efficiency within the Stellar ecosystem.Crypto market data daily view. Source: Coin360The price of XLM surged…
Finance Redefined: Wonderland reveal and Wormhole hacked, Jan. 28–Feb. 4
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.It’s been a tumultuous week of doxxing, hacks, bailouts and new highs in the decentralized finance space. Read on to recap the most impactful stories of the last seven days. This article represents a conspectus of the full email newsletter. For the full edition, sign up via…
How blockchain can open up energy markets: EU DLT expert explains
Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to the energy sector, blockchain lies at the heart of these technologies. The authors of a recently…
Solana (SOL), Cosmos (ATOM) buck the trend to hit new highs after protocol upgrades
Bitcoin's (BTC) sharp correction below $45,000 sent shockwaves throughout the entire market for a second day and many altcoins are fighting to hold the gains they've accrued since the start of the year. Two exceptions to the current downturn are Solana (SOL) and Cosmos (ATOM), which have both managed to experience minor price breakouts following recent…