In July 2024, Bitget Wallet achieved a record-breaking 1.7 million global app downloads, surpassing MetaMask’s growth for that month. This represents a significant 140% increase from the previous month, propelled by the platform’s advanced on-chain trading features, particularly for meme coins. Bitget Wallet’s prominence in the meme coin sector is
A new report from Blockbridge indicates that the miner hashprice, a measure used to assess mining profit margins, has hit an all-time low of $36 petahash per second (PH/s). If the next difficulty recalculation is not modified down, the storage infrastructure business anticipates a bleak picture for miner profitability. The
Recently, Chainalysis’s “ Operation Spincaster” revealed that over 2000 crypto wallets have been compromised by “approval phishing scams” in Australia. The Australian Federal Police (AFP) is examining the financial losses from these attacks impacting a large number of users. Approval of phishing scams involves deceiving users into authorizing fraudulent transactions.
The UK’s Law Commission announced that it has initiated a new bill to evaluate the current classification of crypto assets. This announcement comes amid an increasing probability of the Bank of England initiating an interest rate-cut cycle on Wednesday. The Commission has stated that digital assets must be categorized in
Japan-based Toyota examines the possibility of integrating Ethereum’s ERC-4337 as part of advancing towards its goal of ‘Mobility 3.0’. The automobile giant aims to introduce the concept of mobility into public spaces by establishing a Mobility-Oriented Account (MOA) on public blockchains. This initiation will help the integration and expansion of
Senator Cynthia Lummis of Wyoming is reportedly preparing to unveil groundbreaking legislation at the upcoming Bitcoin 2024 conference in Nashville, aiming to elevate Bitcoin to a strategic reserve asset on par with gold. This move could change U.S. monetary policy and significantly elevate Bitcoin’s status in the financial landscape. The
In a major downturn for the cryptocurrency market, the total global market cap decreased by 3.83%, settling at $2.31 trillion, with trading volumes falling by 8%. Major cryptocurrencies, Bitcoin dipped below $64,000, while Ethereum saw a sharp decline of 7.37% in the past 24 hours, and its trading volume dropped
Scammers and other bad actors prey on Hamster Kombat players in an effort to cash in on the game’s massive popularity. Phishing attempts are being directed against users of the rapidly expanding mobile game Hamster Kombat, which is hosted on the Telegram platform. In these types of assaults, con artists
An assault on CDK Global’s software interrupted operations last month, impacting some 15,000 car dealerships in the United States. Around 387 Bitcoin worth around $25M was received on June 21 by an address associated with BlackSuit, according to ZachXBT. After then, the funds went to a number of centralized exchanges.
The developer of the contentious crypto mixer Tornado Cash, Alexey Pertsev, was recently refused release by a court in the Netherlands. The continuing legal issue involving the crypto mixer continues with this new verdict. This was handed out on Friday, July 12. While he gets ready to appeal his conviction,
