Avalanche (AVAX) and XRP were added to three of Grayscale’s cryptocurrency funds, while tokens like Polygon (MATIC) were removed, as announced on January 5th. Funds like the Digital Large Cap (GDLC), Smart Contract Platform Ex-Ethereum (GSCPxE), and DeFi are affected by the new allocations, which are a component of Grayscale’s
CoinsPaid, a processor of digital assets and cryptocurrency payment ecosystem, is now dealing with another possible crypto fraud, which might lead to a loss of more than $6 million. Users of the CoinsPaid platform have reportedly suffered massive losses due to fraudulent transactions as per information gathered by on-chain researcher
In yet another significant exploit, Radiant Capital, a cross-chain lending system, had 1,900 Ethereum (ETH) stolen worth $4.5 million. PeckShield, a blockchain security and analytics company, reported about the incident first. A recent hacking event on RDNT Capital led to the loss of 1.9k ETH, or over $4.5 million, according
A 7.5-magnitude earthquake struck Japan’s western coast on January 1, 2024, causing destruction across Ishikawa and surrounding prefectures. In the aftermath, prominent Web3 companies based in Japan have taken action to gather cryptocurrency donations to aid relief efforts. Oasys Japan, a major player in the Web3 industry, began accepting donations
Total value locked (TVL) across DeFi protocols has hit $52 billion, an annual peak not seen since the days leading up to FTX’s demise in November 2022. This comeback is significant because the industry has had a rocky past since FTX and other companies went under. The controversies surrounding these
The Web3 security space saw a dramatic shift in 2023, exhibiting both advances in resilience and enduring difficulties. Cyberattacks against the Web3 sector resulted in over $1.7 billion in damages in 2023; 453 incidents were documented. The variety of dangers shown by these assaults highlights the critical necessity for the
In order to keep the firm’s commercial operations operating after its $48.8 million exploit in November, the team behind decentralized finance protocol KyberSwap has “regrettably” slashed its personnel by 50%. Kyber Network’s CEO Victor Tran stated: “Regrettably, we have also reduced our workforce by 50%. The decision to part ways
As the crypto market approaches the end of the year, there’s growing speculation about a potential ‘Santa Claus rally.’ This term, drawing from historical surges in Bitcoin’s value during the festive seasons of 2013 and 2017, suggests a possible uptick in the market. Factors like the Bitcoin Spot ETF approval
The cryptocurrency market is on the cusp of a significant transformation, with altcoins like Solana (SOL), 1inch Network (1INCH), Maverick Protocol (MAV), dYdX (DYDX), Aptos (APT), and ScapesMania positioned at the forefront of this change. Analysts predict a potential 200% surge in altcoin market capitalization in the first quarter of
As the year 2023 winds down, the crypto market has been a spectacle of resilience and optimism, with significant cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) leading a spirited rally. Despite a mild correction earlier, Bitcoin has surged more than 63% since mid-October, while Ethereum has followed suit with a
