January 3rd 2024 — Klaytn Foundation, established to build and decentralize the ecosystem of South Korea’s leading Layer 1 blockchain Klaytn, announced today that Klaytn Governance Council (GC) member CREDER has launched $GPC (Gold-Pegged Coin), a digital asset pegged to the real-time market price of gold; and Goldstation, a decentralized
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,
The anticipation of a Bitcoin Exchange-Traded Fund (ETF) approval has sent ripples across the cryptocurrency market, with Solana (SOL) and Retik Finance (RETIK) emerging as potential beneficiaries of a potential market surge. Bitcoin ETF The long-awaited approval of a Bitcoin ETF is poised to be a game-changer for the entire
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 cryptocurrency market is known for its volatility and unpredictability, making it a hotbed for speculators and traders. Among the myriad of digital assets, Solana (SOL) has emerged as a prominent player, garnering attention not only for its technological prowess but also its potential for significant price appreciation.As we look
An attack was found in the Levana perpetual swap protocol on the Osmosis blockchain. Someone without authorization took over $1.1 million from Levana’s liquidity pools over the course of 13 days. The protocol lost 10% of its liquidity due to this occurrence, which was a major loss. Many factors contributed
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
The cryptocurrency market is filled with erratic trends, excitement, and volatility. Fusionist (ACE) made headlines recently when it unexpectedly surged to an all-time high of $16 after going live on Binance.The initial excitement surrounding this listing brought ACE to the forefront, but a sharp decline quickly ensued, resulting in a
In the fast-paced world of cryptocurrencies, the slow-moving nature of Ripple (XRP) has become a source of frustration for many investors. Over the last 7 days, XRP has emerged as the worst performer, trailing behind even Bitcoin in terms of performance among the top 10 global coins.With its price barely
The cryptocurrency market is experiencing another wave of volatility, with Bitcoin (BTC), the flagship digital currency, witnessing a notable decline.As per recent data, Bitcoin’s total open interest (OI) has seen a sharp decline, prompting investors and experts to shift their focus towards promising DeFi tokens like Retik Finance (RETIK) for
