As 2024 gradually wraps up, the web3 security firm Cyvers has released a Security, Fraud, and Compliance Report for the year, detailing how much impact cybercriminals and their operations had on the crypto industry.
According to an executive summary shared with CryptoPotato, in 2024, the crypto industry lost over $2.361 billion to cyber threats across 165 incidents. This figure represents a 40% increase from 2023, when losses totaled $1.69 billion.
Access Control Incidents Lead to More Losses
Cyvers noted that access control incidents accounted for 81% of losses in 2024 despite comprising 41.6% of incidents. This type of attack led to the theft of $1.9 billion across 67 incidents, while code vulnerabilities enabled the loss of roughly $456.3 million across 98 incidents.
Articles by Mandy Williams
These Challenges Affect Institutional Crypto Adoption Strategies (Survey)
15 hours agoA new survey by the blockchain infrastructure provider P2P.org has unveiled some challenges and trends affecting institutions’ crypto adoption strategies. It also highlighted opportunities that institutions could explore to adapt to the evolving practices in the crypto industry.
The survey included participation from more than 15 institutional players, with intermediaries, investment funds, and venture capital funds making up 46%, 31%, and 23% of the respondents, respectively. It is worth mentioning that intermediaries in this context refer to companies that manage assets on behalf of others, while institutions as a whole are those with large total value locked.
Trends Affecting Institutional Crypto Strategies
According to the results sent to CryptoPotato, 33.4% of
This is How Much Crypto Users Grew in 2024, According to Flipside’s On-Chain Analysis
2 days agoThe crypto industry grew remarkably in 2024 amid rising coin prices, but the same cannot be said for on-chain users across most relevant chains. A 2024 on-chain user report by the blockchain growth platform Flipside revealed a need for networks to offer quantity and quality on-chain activity to attract users and turn them into high-value contributors.
According to the report shared with CryptoPotato, only Base, the layer-2 network launched by the largest American crypto exchange, Coinbase, experienced exponential growth in user count for 2024. Other networks, like Bitcoin and some Ethereum-based layer-2 chains, struggled to maintain their growth or even attract new users throughout the year.
Base and Ethereum Take the Lead
Flipside’s report revealed that Base’s monthly
BTC at $180K, ETH to $6K, and More: Here’s VanEck’s Top Crypto Predictions for 2025
6 days agoThe crypto market has been on a bullish streak in the last quarter of this year, thanks to Donald Trump’s recent victory in the United States presidential election.
American investment management firm VanEck has shared ten predictions that could raise the crypto market’s valuation in the coming year.
Bullish Crypto Predictions From VanEck
VanEck’s first prediction focused on leading assets that would experience meteoric price growth next year. For example, BTC would attain $180,000, ETH would cross $6,000, SOL would surpass $500, and SUI would exceed $10.
The firm’s next prediction showed factors that could drive some of these price projections. With Trump’s bullish stance, VanEck expects the U.S. to adopt Bitcoin as a strategic reserve.
Following Trump’s selection of a
These Crypto Institutional Trends Will Gain Momentum in 2025 (Nansen)
7 days agoThis year is gradually coming to an end, and while the crypto industry witnessed significant growth this year, particularly after the United States presidential election, 2025 is expected to be an even better year.
The on-chain analytics platform Nansen has shared with CryptoPotato key insights into important institutional trends that will gain momentum in the crypto market in 2025. However, these narratives are expected to do well under a clearer regulatory framework, which is anticipated under the Trump administration.
Institutional Interest to Rise in 2025
The crypto industry is likely to experience a surge in institutional interest in both listed crypto products. As a result, bitcoin (BTC) could become part of the default-balanced asset allocation among asset managers
Robinhood Recorded $119B in Crypto Notional Trading Volume This Year: Report
8 days agoThe cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months.
Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe.
Robinhood Releases End of Year Report
According to the report, Robinhood Crypto recorded a notional trading volume of $119 billion and $38 billion in crypto assets under custody as of November 2024. The entity said 2024 was an important year for its business because of the milestones it achieved.
Robinhood Crypto expanded its services in the United States by achieving full coverage in 50 states and territories, including Hawaii, Puerto
Bitcoin ETFs Hit $50.5B in Cumulative Net Inflows in First Year
10 days agoNearly a year since United States-based spot Bitcoin exchange-traded funds (ETFs) were launched in January, the funds have experienced remarkable growth.
Inflows into the 12 funds have surpassed 500,000 BTC.
Spot Bitcoin ETFs Attract Over 500K BTC
In an X post, Vetle Lunde, head of Research at the digital assets research firm K33, stated that spot bitcoin ETFs currently have 500,925 BTC in cumulative net inflows, worth over $50.5 billion at today’s price.
Notably, BlackRock’s iShares Bitcoin Trust (IBIT) had achieved this milestone earlier. The fund became the fastest ETF in history to exceed $50 billion in asset under management (AUM), a feat it achieved in 228 days, beating the previous record of 1,329 days.
However, since Grayscale’s Bitcoin Trust had mostly recorded
Crypto.com Joins Forces With Germany’s Deutsche Bank to Offer Banking Services
12 days agoThe leading Singaporean digital asset trading platform, Crypto.com, has announced a partnership with Deutsche Bank, a German-based multinational investment bank and financial services company, to offer banking services to users in select countries.
According to an official release, Crypto.com’s corporate banking services will be available to customers in Singapore, Australia, and Hong Kong for starters. The crypto exchange and banking entity intends to expand the reach of the partnership to Europe and the United Kingdom in the future.
Crypto.com Partners Deutsche Bank
Crypto.com said the latest development is a milestone for its operations. It will enhance banking services and establish a strong foundation in select regions.
Deutsche Bank’s head of new economy corporate
Semler Scientific Tops Bitcoin Stash With $30M Purchase
16 days agoThe healthcare technology provider Semler Scientific has increased its bitcoin holdings once again with a $30 million purchase, bringing its total stash to 1,873 BTC.
According to an official release, Semler Scientific bought 303 BTC between November 25 and December 4 at an average price of $96,779 per bitcoin, including fees and expenses. The company made the purchases using proceeds generated from its at-the-market shares offering.
Semler Announces New BTC Purchase
Following the latest purchase, Semler said it had spent $147.1 million to acquire its bitcoins at an average of $78,553 per asset. At bitcoin’s current price of $98,450, the stash is worth more than $184.39 million. When BTC rallied above $103,000 on December 5, Semler’s portfolio was valued at over $192
Binance Unveils On-chain Yields With Babylon Bitcoin Staking
17 days agoThe world’s largest crypto exchange has announced the launch of an on-chain yield feature on its Binance Earn platform.
According to an official release sent to CryptoPotato, Binance On-chain Yields will enable users to participate in on-chain protocols and earn rewards using their accounts on the crypto exchange.
Binance Announces On-chain Yields With Babylon
The new Binance feature will be kickstarted with the Babylon Bitcoin Staking product on December 10 at 10:00 UTC; however, subscriptions will be made available by 06:00 UTC on December 9. Babylon is a protocol that allows bitcoin (BTC) holders to stake their bitcoins and earn rewards.
Babylon BTC Staking will launch with a limited quota of 1,000 BTC available to users on a first-come, first-served basis. Binance said
Experts and Analysts React to Bitcoin’s Surge Past $100K: What’s Next?
17 days agoBitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market.
CryptoPotato received remarks from analysts at the crypto exchange Bitfinex and the on-chain analytics platform Nansen. Additionally, founders of traditional finance firms heavily invested in the leading digital currency dropped their opinions on the win.
Analysts React to BTC Above $100K
According to Bitfinex analysts, the halving earlier this year influenced bitcoin’s move past $100,000. Following the event in April, BTC supply was reduced by half, as was its emission rate and inflation,
This Metric Suggests BTC Could See Sharp Uptick Within the Next 2 Months
19 days agoBitcoin (BTC) currently ranges between $94,000 and $96,000, but on-chain signals suggest the cryptocurrency is on the verge of a massive breakout. Data from blockchain analytics platform CryptoQuant indicates that BTC could witness a sharp and significant uptick within the next one to two months.
According to a report by pseudonymous digital asset analyst Crypto Dan, a signal usually seen once or twice in each bull market has just appeared. It indicates that BTC could skyrocket soon as it approaches the final phase of this cycle.
BTC Could Skyrocket in 2 Months
The signal called the golden cross of the Spent Output Profit Ratio (SOPR) indicator entails the SOPR 365-day moving average crossing the SOPR 30-day moving average. Only in bull seasons have these indicators
Here’s Why Bitcoin Dominance is Less Likely to Decline Soon And What It Means for Altcoins
23 days agoDespite bitcoin’s price turmoil over the past week, Ki Young Ju, the founder and CEO of the market analytics platform CryptoQuant, believes the leading digital asset’s dominance is less likely to decline soon.
Historical data shows that alternative cryptocurrencies (altcoins) have always rallied when BTC retraces and seen a decline in market dominance during bull cycles.
Ju’s findings indicate that the altseason, where capital leaves BTC and flows into altcoins, may not be as close as market experts have predicted.
Bitcoin Dominance Less Likely to Fall
According to Ju, Bitcoin’s growth rate in this cycle makes it less likely for its dominance to plunge. The asset’s growth this year has been fueled by several factors, including the launch of spot exchange-traded funds
Can Bitcoin’s Price Surge Above $100K? On-Chain Says So (CryptoQuant)
23 days agoBitcoin (BTC) is still far from the overvalued levels that indicate the end of a bull cycle despite having rallied above $99,000 last week.
According to on-chain data analyzed by CryptoQuant, the cryptocurrency can still surge past $100,000 to $146,000, the top target from a realized price valuation perspective. This perspective indicated the top price for BTC in previous cycles, including the rally witnessed in April-May 2021.
No Signs of a Bitcoin Market Top Yet
Bitcoin valuation metrics strongly signal that the cryptocurrency is still in a bull market and has not entered overheated levels yet. One indicator is the CryptoQuant Profit and Loss index, which hovers above its 365-day moving average.
Another metric is the CryptoQuant Bull-Bear Market Cycle Indicator, which
Layer-1 Assets Rally as Market Anticipates Trump’s Pro-Crypto Administration: CryptoQuant
28 days agoThe promise of a pro-crypto regulatory environment led by the incoming administration of the United States President Donald Trump has triggered a positive effect among cryptocurrencies, with the native assets of layer-1 blockchains raking in substantial gains.
According to a CryptoQuant report, crypto assets like XRP, TRX, Toncoin (TON), SOL, ADA, the native assets of Ripple, Tron Network, The Open Network, Solana, and Cardano, respectively, have witnessed significant rallies since the conclusion of the U.S. presidential elections.
Layer-1 Coins on the Rise
Ripple’s native cryptocurrency, XRP, has surged over 120% to $1.40 since the elections, crushing the $1 mark for the first time in three years. Data from CoinMarketCap shows the asset is up more than 166% monthly and
Bitcoin Fear and Greed Index Hits 3.5-Year High: Does it Hurt BTC’s Chances for $100K?
29 days agoBitcoin (BTC) has been flirting with the $100,000 mark over the last 48 hours as optimism for a higher rally engulfs the market. As a result, investors have become very greedy.
Data from the Crypto Fear and Greed Index, which tracks investor sentiment across the market, indicates that participants are in an extremely greedy phase. This is evident in the index figure rising above 90 to hit 94 for the first time in three years.
Investors Become Extremely Greedy
The fear and greed index gauges investor sentiment by analyzing several factors, including market volatility, social media trends, momentum, and Bitcoin dominance. When the index sits close to 0, it is usually a sign of extreme fear among investors, while a figure close to 50 signals neutrality in the market. As the
Here’s What Users Expect as Donald Trump Begins Tenure as Crypto President: Bybit
November 23, 2024It’s been barely a few weeks since the pro-crypto candidate Donald Trump won the United States presidential elections, and the digital asset market still feels the impact of that victory. As the Trump administration prepares to take complete charge of affairs at the White House by January, crypto users anticipate what this could mean for the industry.
According to a quarterly institution report by the digital asset exchange Bybit and the crypto research firm Blocks Scholes, market participants are expecting a transformative period in the industry, with a focus on areas like heightened institutional interest, regulatory reforms, and increased value for bitcoin (BTC) and altcoins.
Trump to Provide Regulatory Clarity
Trump was previously a crypto skeptic, but he eventually
Retail Investors Persist in Holding ETH Despite Asset’s Recent Surge: CryptoQuant
November 22, 2024Since the Trump Trade narrative ran its course in the crypto market, several digital assets, including Ethereum, have surged in value; however, while most coins have seen investors take profits, the same cannot be said for ETH.
According to a CryptoQuant report by pseudonymous analyst Onatt, retail ETH investors appear to be holding their positions instead of taking profits, suggesting that many traders still see the cryptocurrency as undervalued.
Retail ETH Investors Not Selling
Ether was worth $3,100 at press time, with a 24-hour slight increase of 0.2% and a seven-day plunge of 2.7%. The cryptocurrency has done well monthly, recording a 17.76% rally. Despite its 38% surge year-to-date, investors have remained persistent in holding their positions.
The evidence that
Arthur Hayes Explains How Bitcoin’s Price Could Soar to $1M
November 12, 2024Bitcoin (BTC) has been on a bullish price movement for over a week, fueled by Donald Trump’s presidential election victory. The leading cryptocurrency has unlocked multiple all-time highs (ATHs), tapping $90,000 earlier today.
Arthur Hayes, the co-founder of the BitMEX crypto exchange, believes that the crypto asset could attain a price height of $1 million if Trump’s administration adopted the Chinese government’s economic development model.
Trump’s Tenure to Boost the Economy
In his latest article titled “Black or White?” Hayes highlighted how Trump’s latest tenure as the United States’ 47th president could embrace China’s economic development model.
Calling it the “American Capitalism with Chinese Characteristics,” the BitMEX co-founder enlisted various adjustments he
Bitcoin Shows Strong Fundamentals, Follows Patterns Seen in Previous Elections: CryptoQuant
November 10, 2024Although crypto investors are still on the sidelines due to the just-concluded United States presidential elections, CryptoQuant analysts say Bitcoin is showing strong fundamentals and follows a bullish pattern seen in previous U.S. elections.
According to a weekly report, one positive fundamental from a valuation perspective is that BTC is currently fairly valued and not overvalued. This means that a positive catalyst stemming from the elections could trigger a major rally in the asset’s price.
Bitcoin’s Fundamentals Are Strong
Following the last three U.S. presidential elections in 2012, 2016, and 2020, BTC surged 22%, 37%, and 98% from the election days to the end of each year. So far, in 2024, BTC has recorded a similar performance. The crypto asset has already
CRO Explodes by Double Digits as Crypto.com CEO Reveals 2025 Roadmap
November 6, 2024Cronos (CRO), the native token of a blockchain developed and run by the cryptocurrency exchange Crypto.com, has recorded double-digit gains following the unveiling of the 2025 roadmap for the leading digital asset trading platform.
According to data from CoinMarketCap, CRO surged 31.9% from $0.072 to $0.095 a few hours after Crypto.com’s CEO Kris Marszalek revealed the roadmap. Although the coin had fallen slightly to $0.085 at the time of writing, it was still up 19% daily.
Crypto.com Unveils 2025 Roadmap
Crypto.com’s roadmap for next year shows the exchange is expanding its crypto offerings, adding stocks, banking, and card services.
In late August, the platform partnered with the multinational financial services giant Standard Chartered to offer banking and payment
10 Promises Donald Trump Has Made Regarding Bitcoin and Crypto
November 6, 2024Throughout his election campaign, the new United States President, Donald Trump, remained vocal about his pro-crypto stance and made several promises regarding the development of the nascent industry.
CryptoPotato has compiled a list of Trump’s declared promises, including pledges geared towards fostering innovation in the United States and continuing growth of the digital asset industry.
Trump’s Promises Regarding Crypto
Trump said he would commute the prison sentence of Ross Ulbricht, the 39-year-old founder of the illegal online marketplace Silk Road. U.S. authorities arrested Ulbricht in 2013 on charges of drug trafficking, money laundering, and computer hacking. The convict landed five sentences, including two for life, and is serving his 12th year in jail.
With Trump
Bitcoin Mining Becomes More Competitive as Hashrate Reaches New ATH: CryptoQuant
November 4, 2024With BTC’s value nearing its all-time high of $73,700 a few days ago, Bitcoiners seemed poised to see a new price high for their favorite crypto asset.
Even Bitcoin miners are not left out in the anticipation. A CryptoQuant report confirms that the network’s mining difficulty and hash rate have unlocked new heights. This record shows that more mining machines have joined the bandwagon, sparking competition in the ecosystem.
Bitcoin Mining Competition on the Rise
Bitcoin adopts a proof-of-work (PoW) consensus mechanism tied to mining activities to add transactions to the blockchain. The mining difficulty and hash rate are vital in ensuring the network’s stability while new BTC is produced.
When more miners commence Bitcoin mining operations or existing facilities boost
Here’s How Bitcoin Over-the-counter Availability Can Affect BTC Price (CryptoQuant)
November 2, 2024Bitcoin (BTC) is experiencing a positive momentum that has pushed it very close to its all-time high of $73,750. The leading crypto asset came a couple of hundred dollars away from crushing that milestone on October 29. However, it recorded a small correction, and is currently trading at $72,200.
While crypto enthusiasts anticipate a new high in the coming days, CryptoQuant analysts have explained the role bitcoin over-the-counter (OTC) availability could play in the asset’s price trajectory in the near term.
Bitcoin Rallies on ETF Demand
According to the CryptoQuant report, bitcoin’s rally is driven by growing net purchases from United States spot exchange-traded funds (ETFs).
These purchases have increased from a daily volume of 1,300 BTC at the start of the month to
Aave Sees $200M Weekly Increase in cbBTC Inflows, But There’s a Catch
October 31, 2024The Ethereum-based cryptocurrency lending protocol Aave is witnessing a rapid increase in Coinbase Wrapped Bitcoin (cbBTC) flows into its platform due to a new incentives program involving the asset.
While this reflects growing liquidity and rising adoption of the wrapped Bitcoin product on Aave, the market analytics platform IntoTheBlock says it poses a risk to users. According to an IntoTheBlock tweet, users may be temporarily unable to repay their loans on Aave if the situation goes sideways.
cbBTC Increases $200M Weekly on Aave
Earlier this year, Aave launched Merit, a system designed to reward users participating in activities on the platform. Some actions that can earn them incentives from the program include holding stkGHO, the staked version of Aave’s algorithmic
Retail Bitcoin Investors Are Lagging: Here’s What it Means According to CryptoQuant
October 26, 2024While bitcoin demand among large investors is picking up as time passes, smaller market players are lagging.
According to a CryptoQuant report, the holdings of retail bitcoin investors are growing at a historically slow pace, even as this cohort of players gradually returns to the market amid BTC’s ascent to the $70,000 level.
Retail Investor Holdings Slowly Growing
In the past 30 days, retail bitcoin holdings have increased by just 1,000 BTC. The total assets by this group of market participants have also risen by 18,000 BTC since July 3, when it recorded a local bottom. At the time of writing, retail investors held 1.753 million BTC, slightly lower than the 1.765 million record at the end of 2023.
Since May 2023, when retail holdings grew by 27,000, the balances of these
Here’s How Ethereum’s Scourge Upgrade Will Downsize Staking Censorship: Buterin
October 21, 2024Ethereum co-founder Vitalik Buterin has shared insights into Ethereum’s next upgrade on its technical roadmap – The Scourge.
It aims to fix issues involving centralization concerns in Ethereum’s staking and block production. Buterin has proposed several fixes to these shortcomings the layer-1 blockchain faces.
Ethereum’s Scourge to Reduce PoS Centralization
Following Ethereum’s Merge upgrade in late 2022, the smart contract blockchain transitioned from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model. This allowed ETH holders to stake their holdings for additional rewards, block production, and network security.
While this feature has profited the ecosystem, Buterin highlighted that staking centralization presents “one of the biggest risks” to the
US Authorities Arrest Man Responsible for Fake SEC Bitcoin ETF Approval Tweet
October 20, 2024The United States Federal Bureau of Investigation (FBI) has arrested an individual responsible for posting a fake tweet announcing the Securities and Exchange Commission’s (SEC) approval of spot Bitcoin exchange-traded funds (ETFs) earlier this year.
According to a press release by the United States Attorney’s Office for the District of Columbia, authorities have charged the 25-year-old Eric Council with conspiracy to commit aggravated identity theft and access device fraud.
FBI Arrests Man Behind Fake SEC Tweet
While the crypto community heavily anticipated the SEC’s approval of the first U.S. spot Bitcoin ETFs on January 9, Council got hold of the agency’s X account and posted a fake announcement that the products had been approved for trading.
The news caused bitcoin’s
Will Bitcoin Repeat History? On-Chain Data Suggests a Q4 Breakout: CryptoQuant
October 19, 2024Historical data shows bitcoin (BTC) performing well in the fourth quarters of previous bull cycles, especially in halving years. Current on-chain data indicates that the leading cryptocurrency is following previous patterns and is on track to another remarkable Q4.
A report by the market analytics platform CryptoQuant revealed that bitcoin’s price rally in the coming weeks could be sustainable because demand for the asset is recovering and growing at the fastest monthly pace since April.
Bitcoin in Positive Seasonal Performance
During bitcoin’s seasonal performance in the halving years of 2012, 2016, and 2020, the cryptocurrency increased by 9%, 59%, and 171%, respectively, in their fourth quarters. CryptoQuant analysts found that BTC is behaving very similarly to patterns
USDT and USDC Account for 50% of Transaction Volume Among Crypto Assets: ITB
October 18, 2024The stablecoin market is growing, increasing liquidity and stabilizing the crypto space. This growth can be seen in the two largest stablecoins, Tether USD (USDT) and USD Coin (USDC), which are now responsible for a large portion of the crypto market’s transaction volume.
A tweet by the decentralized finance analysis platform IntoTheBlock revealed that USDT and USDC now represent roughly 50% of the total transaction volume among major cryptocurrencies. IntoTheBlock’s analysts said this growth highlights the crucial role of stablecoins in the crypto ecosystem.
Stablecoins Are Growing
Since the beginning of the year, stablecoins have achieved several milestones. In August, their total market capitalization hit a new all-time high of nearly $170 billion, reflecting the