The use of cryptocurrency for payments has seen significant growth, as evidenced by Binance Pay’s expanding user base and transaction volume in 2024. According to data provided by Binance and analyzed by CryptoQuant, the number of Binance Pay users tripled from the previous year, reaching 41.7 million. This rapid adoption highlights the increasing role of...Read More
The median cryptocurrency investor saw their portfolio grow by $5,482 in 2024, according to a recent report by crypto tax and portfolio tracking platform CoinLedger. The study analyzed data from more than half a million users, highlighting key trends in the digital asset market, including top-performing tokens and the impact of regulatory changes on trading...Read More
Ho Kai Xin, a former payroll processing staff member at WeChain Fintech Singapore, has been sentenced to nine years and 11 months in jail for embezzling over $5.7 million. WeChain Fintech Singapore, which was contracted to manage payroll for Bybit Fintech, employed Ho as a payroll processing staff member. Ho, who was responsible for processing...Read More
Solana has been performing worse these days following increasing selling pressure. The recent hack worth $1.5 billion in the Bybit exchange has strengthened the resistance levels. The recent drop in price has been also triggered by low network activities. Several on-chain metrics have now declined, suggesting that SOL price might be preparing for more pain...Read More
On-chain analytics platform Nansen has released a report examining the aftermath of the controversial LIBRA token. Its findings indicate that 86% of traders who bought the cryptocurrency collectively lost about $251 million, while a select group of winners walked away with at least $180 million in profits. A Rapid Rise and Fall LIBRA debuted on...Read More
The cryptocurrency exchange Bybit, which just suffered a major security incident, is now launching a recovery bounty program. The team wants to give back 10% of the funds that anyone is able to recover, according to a press release shared with CryptoPotato. As reported previously, Bybit suffered a security breach, resulting in the theft of...Read More
In what is considered now the largest hack within the cryptocurrency industry, Bybit’s hot wallet was compromised when trying to complete a legitimate transfer, and roughly $1.5 billion, mostly in ETH, was stolen by being sent to another address. Aside from the immediate impact on crypto prices, such a notable incident garnered the attention of...Read More
Bitcoin network activity has fallen to its lowest level in a year as demand for the leading digital asset remains low. A report from the on-chain analytics platform CryptoQuant has revealed that the Bitcoin Network Activity Index, which measures the growth across major metrics like active addresses, number of transactions, and block size, is down...Read More
Our one and only promise since 2014 has been that we will ALWAYS protect your assets. And we’ve kept this promise, with a track record of 0 customer funds lost till today. Our team has been up all night tracking the news around the Bybit hack. In short – all funds on BitMEX are SAFE...Read More
The crypto market cap increased by 64.94% last year with several new tokens reaching impressive heights, and there’s no predicting how high that number will go this year. Recently, analysts have revealed a staggering 15,000% ROI potential on emerging 1Fuel (OFT), a new cryptocurrency with a unique cross-chain transaction feature. Investors from established crypto communities...Read More
Data from Santiment shows that Kaito (KAITO), Sei (SEI), YAP (YAP), and Grok (GROK) are leading the discussions on platforms such as X, Reddit, Telegram, 4Chan, Farcaster, and Bitcointalk. This heightened enthusiasm coincides with steady growth in overall crypto market capitalization. KAITO, SEI, and GROK’s Popularity According to Santiment’s February 21 report, KAITO, the native...Read More
TL;DR Although the landscape around the entire crypto market and meme coins, in particular, seems quite gloomy recently, DOGE still has a chance for a major rally and a new all-time high, said Ali Martinez. However, it’s essential for the OG meme to remain above a certain support, which has historically led to impressive runs....Read More
The broader crypto market is facing a downturn, but some projects are still recording significant network activity. One such asset is Ondo (ONDO), the native token of the Ondo ecosystem. It is a decentralized finance (DeFi) network that leverages blockchain technology to tokenize real-world assets (RWAs). ONDO Dominates RWAs Space According to a tweet by...Read More
