The Trust Wallet team has moved to the stage of verifying users affected by the recent hack of its browser extension. Project head Eowyn Chen reported an unexpectedly high number of compensation claims. 2/ We’re prioritising accuracy over speed to protect affected users, and we aim to share further work-in-progress details as soon as we […]
Between December 19 and 27, cryptocurrency investment products experienced outflows totaling $446 million, according to a report by CoinShares. Weekly inflow dynamics into crypto funds. Source: CoinShares. Since the market downturn on October 10, investors have withdrawn a total of $3.2 billion from funds. Analysts noted that sentiment among segment participants has yet to recover. […]
The cryptocurrency industry must reassess its security strategies to halt record-breaking thefts by North Korean hackers, according to Andrew Firman, head of national security at Chainalysis, in a comment to The Block. He noted that international sanctions alone are insufficient. The expert urged companies to implement rigorous personnel screening, including mandatory video interviews, thorough identity […]
By 2026, artificial intelligence will have advanced enough to replace a significant number of jobs, according to Nobel laureate and AI pioneer Geoffrey Hinton in an interview with CNN. “I think we will see AI become even better. It is already extremely good. We will witness AI gaining the ability to replace many, many professions,” […]
In December, the volume of leveraged positions rose by $2.4 billion, despite a 40% decline in trading activity. This trend was highlighted by the analyst known as Crazzyblockk. Traders Added $2.4B in Leverage During December’s Fear “Activity collapsed by forty per cent, and whales withdrew twenty thousand Bitcoin. Professional money exited while retail leveraged up.” […]
The crypto market moved sideways over Christmas; losses from a hack targeting Trust Wallet users reached $7m; bitcoin mining difficulty halted its slide; and other news of the week. A holiday pause In the Christmas week (Catholic Christmas is celebrated overnight from 24 to 25 December) the crypto market paused: volatility subsided and prices barely […]
On December 27, the value of the L1 blockchain token Flow (FLOW) dropped by 40% — from $0.17 to $0.1. This decline followed an attack causing $3.9 million in damages. Hourly chart of FLOW/USDT on Binance. Source: TradingView. At the time of writing, the asset had recovered to $0.12. The incident was first highlighted by […]
In the coming decade, the leading cryptocurrency is expected to maintain high returns, though significant annual fluctuations are unlikely, according to Bitwise’s Chief Investment Officer Matt Hougan in an interview with CNBC. “We are in a period of sustainable growth and stable profits. These won’t be impressive figures, but the market is assured of returns […]
China’s cybersecurity regulator has released a draft of rules for public consultation, aimed at overseeing AI services that mimic human personalities, according to Reuters. The regulations will apply to AI-based products and services that replicate human-like thinking models and communication styles, interacting with users on an emotional level. Communications may involve texts, images, audio, video, […]
Tokens like XRP from Ripple and Cardano (ADA) must demonstrate their real utility, or they risk losing to more successful competitors, according to Galaxy Digital CEO Mike Novogratz. In a conversation with Head of Research Alex Thorn, the company head noted that the crypto market is shifting from “narrative-based tokens” to those with a business […]
