Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among the reasons why the won is now the second most-used fiat currency. Decline in 2021/2 Crypto-to-Stablecoin Volumes According […]
In the first quarter of 2024, more than $ 336 million in digital assets were stolen from decentralized finance platforms across 61 incidents of hacking and fraud. During this period, criminals made off with digital assets valued at $ 144.48 million in two major hacking incidents. In contrast, centralized finance platforms reported no …
Amidst a vibrant resurgence in bitcoin’s value, a comprehensive analysis by Grayscale and researcher Michael Zhao sheds light on the anatomy of the current bitcoin market cycle. The study explores whether we are entrenched in a bull run, detailing the driving factors and possible implications going forward. In the Fifth Inning: Measuring Bitcoin’s Current Market […]
Families with a net worth of up to $ 100 million exhibit a strong preference for algorithmic cryptocurrencies over tokens (4.32% versus 0.92%), a new study has found. The study cites statistics indicating that ownership continuity is disrupted in 91% of cases involving a transition from crypto to fiat and vice versa. Traceability of …
In February alone, criminals stole digital funds worth over $ 67 million from decentralized finance (defi) platforms. The latest Immunefi data shows that hacking attacks accounted for more than $ 65 million, or 97% of the month’s losses. The Ethereum blockchain suffered the most individual attacks, with 12 incidents representing 85.71% of the …