Tag: Ethereum

Auditing Firms Claim Crypto.com Lost $15 Million in Incident as Users Report Suspicious Activity

Auditing Firms Claim Crypto.com Lost $15 Million in Incident as Users Report Suspicious Activity

Crypto.com, a leading cryptocurrency exchange, experienced an incident on January 17 when some of its users reported strange activity in their accounts. The exchange acknowledged the event, and conducted an investigation immediately after, declaring that all funds were safe. However, reports from security and blockchain auditing firms Certik and Peckshield indicate that some funds were […]

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ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion

ETH 2.0 Contract Surpasses 9 Million Ethereum Worth $28 Billion

The number of ether locked in the Ethereum 2.0 contract has exceeded 9 million ethereum or more than $28 billion using today’s exchange rates. The amount of ethereum locked into the contract has increased 22.29% since the first week of September 2021, when the contract held 7.4 million ether. Ethereum 2.0 Contract Exceeds 9 Million […]

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Cardano surpasses Ethereum in transaction volume, ADA shoots up 13% – here’s why

Cardano (ADA) has surged 13 percent in the day and surpassed Ethereum in terms of transaction volume. Investors highly anticipate the launch of SundaeSwap DEX this Thursday, along with the developments following it. Cardano (ADA) is the current highlight of the crypto space following recent achievements and expected developments. ADA has gained over 13 percent […]

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On-Chain Data Shows Number of ETH Holders At All-Time High

The number of Ethereum addresses holding ETH is at an all-time high. Meanwhile, transaction count on the network remains near record highs, showing that user activity continues to grow. According to on-chain data, Ethereum addresses holding a balance now total over 68.26 million. This number seldom declined despite a rocky price history last year, maintaining […]

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North Korean Hackers Stole Nearly $400 Million in 2021: Chainalysis Reports

A recent report by blockchain forensics company Chainalysis stated that cybercriminals in North Korea stole bitcoin and Ether, worth almost $400 million but still have millions worth of stolen cryptocurrency funds unlaundered. Almost $400 Million Theft Recorded in 2021 The Chainalysis report published January 13, 2022, stated that the funds were stolen following attacks on […]

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Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum

Stablecoin USDC’s ERC20 Issuance Surpasses USDT’s Total Supply on Ethereum

On Saturday, January 15, 2022, the market capitalization of all the stablecoins in existence is $173 billion, which represents 7.93% of the $2.18 trillion crypto-economy. The market valuations of stablecoins tether and usd coin represent 71.84% of the entire stablecoin economy’s value. This week, the current total supply of usd coin surpassed tether, in terms […]

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North Korea made away with a record $400M of crypto in 2021: Report

2021 was the most successful year for crypto hackers in North Koreas as they stole $400M in cryptocurrencies. The nation has been accused of using stolen funds to evade international sanctions. Last year, about $400 million (£291M) worth of digital assets were drained from cryptocurrency platforms by hackers in North Korea – the highest ever […]

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Bank of America: Solana Could Become The Visa of Crypto

Alkesh Shah – analyst at Bank of America – predicted Solana could continue to steal some of Ethereum’s market share as it’s easy to use and has significantly lower transaction fees. The strategist further asserted that Solana could become “the Visa” of the cryptocurrency industry. High Hopes for Solana Solana has been one of the […]

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Is Ether a Security? SEC Chair Gary Gensler Avoids a Direct Answer

Is Ether a Security? SEC Chair Gary Gensler Avoids a Direct Answer

SEC chairman Gary Gensler hit the media headlines by avoiding directly answering whether or not he thinks Ethereum’s native cryptocurrency is a security. Instead, he took the opportunity to reiterate his pitch for a more comprehensive regulatory environment for the crypto sector. Gensler Fails to Clarify Ether’s Stance Gensler not answering the question on Ethereum’s […]

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