The third quarter of 2024 has witnessed a significant decline in the frequency of cyberattacks, resulting in only 28 recorded incidents—the lowest in a three-year span. In total, these breaches resulted in the loss of approximately $463.6 million. However, this decline offers little solace as the overwhelming majority of stolen funds, estimated at $440 million,
Crypto
Recent findings from a survey conducted by ConsenSys and HarrisX have illuminated a notable shift in the political preferences of American voters towards pro-cryptocurrency policies. As many as 49% of voters indicate that a candidate’s stance on cryptocurrency plays a crucial role in their electoral decisions. This statistic underscores the pressing need for politicians to
The cryptocurrency market has been experiencing notable fluctuations, particularly within a 24-hour window, where Bitcoin’s performance has charted a compelling narrative. Rising above the $62,000 threshold, Bitcoin has not only commanded significant attention but has also created a ripple effect across various altcoins. This momentary volatility has allowed some lesser-known cryptocurrencies, especially meme coins, to
The cryptocurrency market has garnered immense interest over the past few years, thanks to its innovative technologies and potential for high returns. However, this burgeoning industry is not without significant perils. Recent reports by PeckShield, a blockchain security firm, have unveiled alarming statistics about hacking incidents in September 2024, with over 20 reported breaches resulting
The recent sale of CryptoPunk NFT 1563 for an eye-popping $56.3 million has sparked significant debate in the cryptocurrency and digital art community. While on the surface, this transaction seems like a record-breaking achievement, digging a little deeper reveals a plethora of anomalies that cast doubt on the authenticity of the sale. The growing interest
OpenSea, widely recognized as one of the foremost marketplaces for non-fungible tokens (NFTs), finds itself at a crossroads as the sector transitions from its explosive growth phase to a more cautious landscape. The vibrant interest that characterized the marketplace just two years ago has noticeably waned, leading to a sharp decline in user engagement and
In recent years, the surge in blockchain technology and cryptocurrency innovation has been met with numerous challenges, one of which is the persistent threat posed by so-called “patent trolls.” These non-practicing entities (NPEs) typically acquire patents not to produce new products but to exploit existing innovations through aggressive litigation. The Cryptocurrency Open Patent Alliance (COPA)
The cryptocurrency market is no stranger to volatility, and recent geopolitical tensions have only exacerbated this phenomenon. Specifically, Iran’s missile strikes on Israel triggered a notable downturn in the crypto space, with Bitcoin’s value plummeting to below $60,500. However, amidst this turmoil, signs of recovery have emerged, largely driven by robust demand from American investors.
In a surprise announcement that reverberated throughout the cryptocurrency and regulatory landscape, Gurbir Grewal, the Director of Enforcement for the U.S. Securities and Exchange Commission (SEC), has declared his resignation. His exit is set for October 11, 2024, coinciding with a pivotal moment in the SEC’s ongoing legal battle with Ripple, a company heavily scrutinized
In recent days, the cryptocurrency market has experienced significant turbulence, primarily driven by escalating geopolitical concerns. Several altcoins have witnessed a withdrawal from their recent advancements, and Polkadot (DOT) has been no exception. Falling to a price of $4.04, DOT encountered a marked decline of over 14% within just three days. During periods of market
