Category: Blockchain

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

March 21, 2023 Caden

Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17…

Analytics, Blockchain, Blockchain Analysis, China, crypto exchange, Cryptocurrency, cryptocurrency mixing service, cryptocurrency theft, Crystal Blockchain, Cyber Security, cyberattacks, Cybercrime, decentralized finance, DeFi, Digital Assets, Ethereum blockchain, financial damage, Financial Technology, Fraud, Hackers, Money Laundering, News, nft, Ponzi scam, Ronin network bridge hack, rug pulls, Scams, security breaches, stolen assets, Tornado cash, United States

Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil

March 11, 2023 Caden

According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business. The Impact of Crypto Winter on the Cryptocurrency Industry…

Altis Partners, Asset Management, bankruptcies, Blockchain, Bloomberg News, Business Decision, Company Valuation, contagion, crypto firms, Crypto Winter, Cryptocurrency, Digital Assets, economic conditions, Family Offices, Financial Markets, Financial Services, Global Economy, High-Net-Worth Individuals, Industry Challenges, Industry Impact, Industry Turmoil, institutional investors, Institutional Product, layoffs, Market Capitalization, Market Observer, News, partnership, regulatory landscape, UK Companies Register

Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic

February 28, 2023 Caden

Following the initial incident on Feb. 25, Solana resolved the blockchain’s performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed that the “root cause is still unknown and under active investigation.” Social Media Mocks Solana’s 10th Downtime, Supporters Defend Project…

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Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

February 23, 2023 Caden

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian…

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Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

February 20, 2023 Caden

Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback. Core Helium Devs…

Altcoin Development, Altcoins, Blockchain, Blockchain network, blockchain technology, commercial demand, Core Developers, crypto assets, Cryptocurrency, cryptocurrency market, Data Transfer Accounting Oracles, Digital Currency, digital wallets, Finance, Governance, Helium Network, hotspots, Internet of Things, investment, IoT, LNS, Market Valuation, Migration, network of networks, network scalability, network transition, network upgrade, PoC Oracles, Solana, technical development, Token, token holders

Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened

February 4, 2023 Caden

The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since…

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NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase

February 2, 2023 Caden

Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month. Bored Ape Yacht Club Dominates, Ethereum…

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Bitcoin Network Braces for Notable Difficulty Increase in 3 Days

January 12, 2023January 27, 2023 Caden

Bitcoin’s mining difficulty, the measure of how difficult it is to find a new block and add it to the blockchain, is set to increase significantly on Jan. 15, 2023, according to current estimates. At the time of writing, Bitcoin’s mining difficulty appears to be on track for a 10% increase, rising from 34.09 trillion…

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Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales

January 12, 2023January 27, 2023 Caden

Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past…

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Fintechs Accounted for Over 30% of Tracked Kenyan Tech Startups in 2022 — Study

January 7, 2023January 27, 2023 Caden

As of November 2022, Kenyan fintechs accounted for 30.2% or 93 out of the 308 tracked tech startups, a Disrupt Africa study recently found. In addition, the study findings show that the fintech sub-sector alone accounted for 3,100 or 27% of the 11,462 people that were employed by tech startups during the same period. Fintechs…

agri-tech, Alibaba e-commerce, Blockchain, Disrupt Africa, e-commerce, Fintech, fintech ecosystem, fintech startups