Cardano Receives Nasty Blow As New Report Dubs It The King Of Dead Coins A report by AlphaQuest Research identifies Cardano as one of the top ecosystems with dead coins, with 74% of its projects considered defunct. The report also highlights other blockchain networks with high numbers of failed cryptocurrency projects. The crypto industry has … Read more
UN Accuses North Korea Of $3B Crypto Theft To Fund Nuclear Weapons Program The United Nations (UN) sanctions monitors allege that North Korea engaged in cyberattacks to steal $3 billion in crypto assets, which funded the country’s weapons development. Despite sanctions, North Korea continued to enhance its nuclear arsenal and conduct ballistic missile launches. They … Read more
Down Big: Crypto Scamming Numbers Reduced In 2023 In 2023, the crypto market faced challenges at the beginning of the year but saw a recovery with increased bullish sentiment. There was a decrease in crypto scamming and illicit activity, with a significant drop in value received in cryptocurrency addresses used for illicit activities. The report … Read more
A recent report from Fidelity Digital Assets highlights the advantages of Bitcoin over traditional assets like gold. While gold has long been seen as a store of value, Bitcoin offers technological advantages that are difficult to overlook. Its cryptographic security, decentralized nature, and transactional integrity set it apart. Additionally, Bitcoin’s resistance to “innovative destruction” gives … Read more
CFTC weighs enforcement action against former Voyager Digital CEO: Report The United States Commodity Futures Trading Commission (CFTC) is reportedly considering taking enforcement action against Stephen Ehrlich, the former CEO of Voyager Digital, a crypto lending firm. The CFTC staff believes that Ehrlich violated U.S. derivatives regulations prior to Voyager’s bankruptcy filing. Ehrlich denies these … Read more
September becomes the biggest month for crypto exploits in 2023: CertiK September 2023 has seen the highest amount of crypto stolen so far this year, with a total of $329.8 million lost to exploits, hacks, and scams. The most significant contributor to this total was the Mixin Network attack on September 23, where $200 million … Read more
