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Tag: Front page

Cryptocurrency Theft Hits Billion Mark, Illegal Blockchain Activity Continues to Grow

Cryptocurrency Theft Hits $19 Billion Mark, Illegal Blockchain Activity Continues to Grow

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Since 2011, $19 billion worth of cryptocurrency has been stolen in 785 incidents. The largest theft occurred in 2019, with $2.9 billion stolen in connection to the Plus Token Ponzi scheme. 2023 set records for the volume of crypto thefts, with 286 incidents worth more than $2.3 billion. Despite improved monitoring and reporting mechanisms, illegal activity on the blockchain continues to grow. In the ever-evolving world of...

Cryptocurrencies, Front page, News

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Friend.tech

Friendtech Develops Own Blockchain, Enhancing SocialFi Experience

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Friendtech announces the development of its own blockchain, Friendchain FRIEND token to be used as a fully transferable gas token on the new blockchain The move is expected to provide greater flexibility and control over operations Partnership with Conduit is crucial to the development of Friendchain FRIEND token price increases by 11% following the announcement In a bold move that could redefine the landscape of SocialFi...

Front page, News, SocialFi

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Trump Backs Domestic Bitcoin Mining to Counter CBDCs

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Donald Trump met with Bitcoin mining executives, pledging support for their industry. Trump sees Bitcoin mining as a potential defense against central bank digital currencies (CBDCs). The former president also expressed his desire for the remaining Bitcoin to be mined in the United States. In a surprising turn of events, former President Donald Trump has emerged as a vocal supporter of Bitcoin mining in the United States....

Bitcoin, Crypto Mining, Cryptocurrencies, Front page, Press release

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Bitcoin, Ethereum, and Solana Experience Significant Drops as Dollar Hits 4-Week High

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Bitcoin, Ethereum, and Solana have seen significant drops in value. The U.S. dollar has reached a 4-week high. The market volatility is linked to the upcoming Federal Reserve decision and CPI inflation report. The cryptocurrency market is experiencing a significant downturn as Bitcoin, Ethereum, and Solana have all seen substantial drops in value. The U.S. dollar has reached a 4-week high, which has put additional pressure on...

Bitcoin, Cryptocurrencies, Ethereum, Front page, News, Solana

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UwU Lend

UwU Lend DeFi Hack: Analyzing the $20M Breach and Its Consequences

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On June 10, 2024, decentralized finance (DeFi) platform UwU Lend suffered a massive security breach, resulting in a $20 million loss. This incident highlights the growing challenges of security in the rapidly expanding DeFi sector. The hack has sparked discussions about the need for stronger security measures and more robust protocols in the DeFi ecosystem. The DeFi community is grappling with the implications of this breach,...

DeFi, Front page, News

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