Decrypt
The Consumer Federation of America reported that cryptocurrency scams and cybercrimes resulted in estimated losses of $80.7 billion, with investment fraud being the largest category at $8.6 billion. The FBI's complaint center recorded over 1 million complaints, totaling $20.9 billion in losses.
LATEST NEWS
Decrypt
Rain Lõhmus, an Estonian banker, revealed losing access to 250,000 Ethereum units purchased during the 2014 presale. With Ethereum's recent surge, the lost holdings are now valued at approximately $1.2 billion, nearly triple their worth in October 2023.
Decrypt
Google plans to update its Play Store policy for digital wallets, requiring custodial apps to obtain specific licenses for distribution in various markets. Non-custodial wallets are not affected by the changes, set to be enforced on October 29.
Decrypt
MetaMask is set to launch a stablecoin called mmUSD in partnership with Stripe, following a deleted Aave governance proposal. The stablecoin market is growing rapidly, with companies like JP Morgan, Bank of America, and Robinhood exploring stablecoin projects.
Decrypt
The stock market reached new highs as traders anticipated a potential interest rate cut by the Federal Reserve. Bitcoin surged by 6% in a week and is up 30% year-to-date, hitting the $100,000 mark in December.
Decrypt
Bullish's shares surged over 200% from its IPO price of $37 to $118, with a market value of $12.2 billion. The platform caters more to institutional investors than retail traders, marking a milestone as the first digital asset exchange to go public on NYSE.
bitcoinmagazine.com
The Lightning Network is a network of payment channels where users lock bitcoin into a multisignature address and update balance distributions off-chain. Different proposals like timeout trees and LN-Symmetry aim to enhance or replace existing mechanisms within the network.
Forbes
Bitcoin in 2010 was a little-known digital currency with limited use and viewed as a speculative asset. A $1,000 investment could have bought 16,666 to 3,448 bitcoin, with no standardized market in place.
Decrypt
Solana and Dogecoin experienced significant price surges, with Solana reaching nearly $204 and Dogecoin trading at over $0.24. Meanwhile, Bitcoin briefly surpassed $122,000, while Ethereum neared a new record of $4,720, driven by increased investor interest and corporate adoption.
Coindesk
Ethereum-based DEX volumes have surpassed Solana's due to a shift in sentiment towards ETH and institutional activity. This contrasts with earlier this year when Solana dominated trading with meme coins.
Decrypt
Odin.fun, a Bitcoin-based meme coin launchpad, suffered a $7 million loss in BTC due to a liquidity exploit. The company has paused operations and engaged a third-party security team for a code audit.