The first half of 2024 has been a gold rush for cryptocurrency thefts: hackers took $1.38 billion in crypto, more than double the amount stolen in the corresponding period during 2022, according to the reseachers at TRM Labs. The largest heist of the year was the $300 million in bitcoin stolen from the Japanese crypto […]
Bitcoin also mounted a small bounce-back after taking a massive hit on its price, which rose 3.2 per cent for the day to $57,280.7 after the four-month low foisted by Mt Gox token-distribution fears. Other top tokens popped as well: Ether rose 5.4 per cent to $3,070.71 as traders awaited an announcement about the expected
The Rise of NFTs in the Collectibles Market Whether it’s vintage baseball cards, limited-edition vinyl toys, antique coins or fine art masterpieces, world of collectors is diverse and multi-faceted. But in recent times, a new celebration of collectibles has arrived. It’s called the Non-Fungible Token (NFT) and is revolutionising the way buyers and collectors perceive
In a hint of how damaging synthetic media is likely to become, the US Justice Department recently announced the shut-down of one vast Russian-state propaganda operation on the social media network X (formerly Twitter) where nearly 1,000 fake accounts, complete with auto-generated realistic images and texts, simulated Americans and pushed falsified, Kremlin-funded and -approved ‘pro-Russian
In drafting a 2024 party platform, the Republican National Committee is officially backing Bitcoin and promising to halt what they characterise as an ‘unconstitutional jihad’ from Democrats against the cryptocurrency ‘industry’. The draft, which will be voted on in full on Tuesday, says that the GOP will ‘oppose a Central Bank Digital Currency that is
Photograph by Sean Gallup/GettyThe founder of the investment firm Skyridge Capital and crypto evangelist Anthony Scaramucci’s optimism for Bitcoin remains unfazed following its 17 per cent loss over the past seven days. In fact, he thinks the cryptocurrency will reach ‘doubloon status’ by year’s end reaching at least $100,000 and potentially as high as $170,000.
A fresh wave of applications for spot ether Exchange-Traded Funds (ETFs) will be sent to the US Securities and Exchange Commission (SEC) today and could receive a close vote within the week or next. New ether ETFs are on the horizon amid a drop of 25% for Ethereum from its March peak (versus bitcoin’s drop
What Are Paper Wallets? But before we discuss why paper wallets could play a crucial part in keeping people’s crypto investment safe, we first need to understand what, exactly, a paper wallet is. A paper wallet is a way of storing your cryptocurrencies offline, by printing out your public and private keys on a piece
Understanding NFTs in the Sports Industry NFTs are making their way into the sports world as well, promising to bring fans closer to the teams and athletes they follow. Each NFT is a digital good that is unique and fully owned by the buyer. Because they’re stored on a blockchain, NFTs are protected against fraud
On 8 July, CBOE Global Markets filed for Solana exchange-traded fund (ETF) listings – with Solana being the cryptocurrency at the forefront of the VanEck and 21Shares new ETF proposals. As the fifth-largest cryptocurrency, the inclusion of Solana requires SEC approval via a 19b-4 application of the SEC and must pass a separate investor disclosure
