Tag Archives: social

Dmitry Medvedev – a Russian politician who served as President of the country between 2008 and 2012 – thinks 2023 could see the crash of the International Monetary Fund (IMF) and the World Bank. He suggested that such an event could reduce the power of the euro and the dollar and boost the usage of cryptocurrencies. Tron’s Founder – Justin Sun – agreed with Medvedev’s “insightful comment.” He also maintained that crypto adoption is gradually rising in China and that “the best...

While most crypto-assets struggled to keep their price upwards due to the crypto winter, Litecoin appeared to have been decoupling from its peers, which aided its trajectory. In fact, it has been posting gains over the past month. Despite a promising attempt at a comeback, the developer activity on the network was lagging. Data from Santiment shows that the development activity first gained traction in early September before skyrocketing in October. The figures went downhill...

Octopus Network – a multichain crypto network supporting Web3 applications – will lay off 40% of its staff members to ensure its survival amidst the ongoing crypto winter. The adverse macroeconomic factors have taken their toll on numerous other industry leaders who took similar action over the past several months. Some examples are Coinbase, CryptoCom, Huobi, Bybit, BitMEX, and others. This Winter is Different Than the Others In a recent letter, Louis Liu – Founder of...

New data suggest that the ecosystem is seeing record network activity. In the last two months, both layers – 1 and 2 – have collectively processed 152 million transactions. However, it is the layer two solutions such as Arbitrum, Optimism, and others that accounted for 58%. On the other hand, Ethereum mainnet transactions were observed to be hovering at their lowest point in over two years, which isn’t the case for layer two rollups. The latter is responsible for processing...

Decentralized finance protocol Defrost Finance has recovered funds from the hacker involved in the V1 flash loan exploit. In the latest blog post, Defrost said that it will soon start scanning the on-chain data to return the funds to their rightful owners. However, the platform said that it could take some time to distribute since different users had variable proportions of assets and debt, but assured that the process would be “concluded fairly swiftly.” “Please be aware...

On Dec. 27, licensed trademark attorney Mike Kondoudis revealed the latest crypto trademark applications from Fidelity Investments. There were three applications filed broadly covering Metaverse technologies and services, NFTs and marketplaces, virtual land, and cryptocurrency trading. The first relates to digital media and NFTs, and the second is the provision for an online marketplace for the sale of NFTs. #Fidelity has plans for the metaverse! The company has filed 3...

2022 will go down in history as one of the most atrocious and shocking for the cryptocurrency industry, which saw several major implosions, countless bankruptcies, fallouts, and everything in between. Apart from the obvious – the massive price declines of cryptocurrency assets, Forbes estimated that several industry participants have lost their billionaire status, while others’ fortunes were wiped out to $0. From Terra to FTX – Crypto Debacles The macroeconomic factors have...

Cybercrime intelligence firm Hudson Rock has disclosed that a threat actor is trying to sell the users’ data of 400 million Twitter customers containing private information about celebrities, politicians, and companies. Some of the big names include former U.S. President Donald Trump, Ethereum founder Vitalik Buterin, Shark Tank star Kevin O’Leary, billionaire investor Mark Cuban, and lots more. Threat Actor Tries to Sell Private Twitter Data  According to Hudson Rock, the...

Glassnode data shows a decrease in the 7-Day MA of bitcoin leaving centralized exchanges with only 986.237 BTC getting withdrawn in the past week or so. The declining outflow could signal that investors have restored some faith in CEXs after the gigantic collapse of FTX. Billions of dollars worth of various digital assets were withdrawn from such exchanges amid FTX’s crash. Decline in Crypto Withdrawals Apart from crashing the entire cryptocurrency market and causing colossal...

Cybercrimes are increasing both in numbers and sophistication. The latest to find itself on the receiving end was the Bitcoin mining pool, BTC.com, which announced suffering a cyber attack on December 3rd. The perpetrators siphoned certain digital assets worth $700,000 owned by BTC.com’s clients and nearly $2.3 million in asset value owned by its parent firm, BIT Mining Limited. According to the official press release, the incident was reported to the Shenzhen law enforcement...