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Search Results for: hacks

Why Are Crypto Veterans Betting Big On This Solana (SOL) Competitor in 2024?

With its quick and affordable transactions, Solana (SOL) stands out in the blockchain market, attracting developers and users alike. Solana (SOL) is a decentralised platform that operates quickly by utilising Proof of History (PoH) and Proof of Stake (PoS). It is integrated into decentralised apps (dApps), decentralised finance (DeFi), and

February 14, 2024 5 mins read

Bitget Protection Fund Valuation Peaks Over $442M in January

Victoria, Seychelles, February 5th, 2024, Chainwire Bitget, the world’s leading cryptocurrency exchange and Web3 company, released its Protection Fund Valuation Report for January 2024. The report shows the fund achieved its highest-ever average monthly value of over $415 million and reached an all-time-high value of over $ 442 million on

February 5, 2024 3 mins read

Cronos Labs Announces Third Cohort of $100M-backed Web3 Accelerator Program

Cronos Labs, a blockchain business accelerator focused on advancing DeFi, GameFi, and the Cronos ecosystem, today revealed the third cohort of its flagship Cronos Accelerator Program, which is backed by whopping $100 million. The initiative, which was first introduced in 2022, aims to support the most promising early-stage cryptocurrency projects that

January 16, 2024 3 mins read

Moody’s Highlights Risks Associated With Blockchain-based Tokenized Funds

Investment in assets like government bonds might be more efficient with blockchain-based tokenized funds, according to research by Moody’s, a world-renowned credit rating agency.  Despite the advantages, researchers at Moody’s have warned of the growing technical hazards connected to these digital investment vehicles. The use of tokenized funds that are

January 16, 2024 2 mins read

North Korean Lazarus Group Moves $1.2 Million Worth of Bitcoin

A holding wallet received almost $1.2 million worth of Bitcoin (BTC) from the infamous North Korean hacker unit Lazarus Group recently. Cybersecurity professionals and blockchain specialists are taking notice of this move since it is their biggest transaction in the previous 30 days. Arkham, a blockchain research organization, revealed that

January 8, 2024 1 min read

Crypto Losses in December Nears $100M With Orbit Chain Breach

There was an assault on Orbit Chain’s cross-chain bridge recently, which led blockchain security organizations to estimate that about $100 million worth of cryptocurrency was stolen in December. According to PeckShield, December saw the fifth-highest number of attacks in 2023, owing to the $81.5 million Orbit Bridge cross-chain bridge vulnerability,

January 2, 2024 2 mins read

Salus Web3 Security Report 2023: Key Findings Revealed

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

December 30, 2023 5 mins read

Japan-based Monex Group to Acquire Controlling Stake in 3iQ

The Japanese asset manager, crypto exchange, and brokerage company Monex Group has declared its intention to acquire 3iQ Digital Holdings’ controlling share. In a statement made on December 28th, Monex said that 3iQ’s background in listing early Bitcoin and Ethereum exchange-traded funds in North America was a factor in the

December 29, 2023 2 mins read