Digital assets worth just over $ 343 million were stolen from digital asset platforms in November alone. Centralized exchanges accounted for 53.8% of the total losses, with decentralized exchange platforms accounting for the remainder. The 34 attacks on BNB Chain and Ethereum represented 83% of the total losses across targeted chains. Highest Monthly Loss …
Only five percent of surveyed South African crypto-asset financial service providers (FSPs) are generating revenue between $ 8 million and $ 10 million. The Financial Sector Conduct Authority study found that many of the crypto asset FSPs “earn their revenue from trading fees.” Only 10% of FSPs Derive Income From Both Regulated and …
The transformation of the Ethereum network, popularly known as ‘The Merge,’ marked a significant shift in the blockchain’s energy usage and climate impact. A detailed report by the Cambridge Centre for Alternative Finance (CCAF) meticulously dissects this journey, offering invaluable insights into Ethereum’s historical and current ecological footprint. This transition, deeply rooted in environmental considerations, […]
Between 2018 and 2023, 2,127 out of 2,817 Web3 games launched have either failed or are now inactive, an analysis by Coingecko has shown. The failure rate was the highest in 2019 (94.3%) and 2020 (94.4%) while in 2021, 339 out of 738 games failed, translating to a failure rate of 45.9%. 2020 Had the […]
A recent study led by investigators from Cornell University has outlined how Bitcoin can help finance renewable energy installations by using surplus power even while these facilities are not yet integrated into the U.S. power grid. Texas is said to be one of the states with the most potential. Cornell Study Outlines How Bitcoin Can […]