Ad The crypto sphere lost $372 million to scams and exploits in the first quarter of 2023, according to a recent report from the creators of Rekt Database, De.Fi (formerly DeFiYieldApp.) According to the report, Euler Finance, BonqDAO, and CoinDeal suffered the top three most considerable losses with $196 million, $120 million, and $45 million,…
Ad The price of Bitcoin fell to close $27,200 on March 25 before making a partial recovery. Bitcoin fell to nearly $27,200 Bitcoin was valued at $27,209 at 9:40 p.m. UTC on Friday. That decline in value represented a loss of 3.9% over 24 hours and a loss of 2.5% over one hour. However, the…
Ad The crypto industry in Europe defied the bearish trends of 2022 and saw a record level of funding. Startups in the crypto space raised over $5.7 billion in 2022 while global and U.S. venture funding in the industry contracted. This is a notable increase from the $5 billion E.U. companies raised in 2021. Chart…
Ad Eight out of 10 crypto investors store their digital assets on hot wallets, according to a CoinGecko survey observing crypto storage behavior post-FTX collapse. Meanwhile, seven out of 10 respondents said they held their assets in centralized exchanges — while another three out of 10 said they used cold wallets, according to the survey…
Ad Coinbase insiders — including its chief executive officer Brian Armstrong and other executives — have sold $7.4 million worth of the company’s stocks in the last 30 days, according to Dataroma data. Coinbase CEO sold $5.8 million stocks Brian Armstrong sold $5.8 million in COIN stocks during the period — almost 50% were sold…
Ad Shiba Inu (SHIB) burn rate is up an enormous 8733.78% in the last 24 hours, according to the Shibburn website. The burn rate of a token corresponds to a portion of the supply being sent to a burn token address, with the idea of putting deflationary pressure on a cryptocurrency’s supply/demand dynamic. (Source: Shibburn)…
Ad Github’s Polkadot (DOT) developer community may be tapering, but it is still an industry leader. Twitter account @ProofofGithub, has been charting such activity since DeFi summer of July 2020. “Find out who’s actually building in the bear market.” On March 22, Proof of Github highlighted the daily development activity. The price of DOT at…
Ad Last year was pivotal for decentralized finance (DeFi), particularly in the insurance sector, where a new report suggests that $34.4 million was given out in DeFi insurance claims. Overall, the industry in 2022 saw on-chain DeFi insurance providers sell 19,839 policies, with 552 claims and 379 payouts to date, according to data published on…
Ad Legal fees in the case of the bankrupt crypto lender Celsius are skyrocketing. According to newly available information, the fees earned by Celsius’ lawyers and advisors are now on track to total more than $140 million. @CamCrews posted a link to a Google doc with detailed lawyer fees showing that Kirkland Ellis — one…
Ad Bitcoin has had one of its best weeks in history, with a closing increase of 35.8%. Bitcoin’s monthly average transaction count has hit 309.5k per day — the highest level since April 2021, according to on-chain analytics firm Glassnode. Despite the high price performance, the proportion of ‘hot coins’ is still close to cycle…