DeFi Hacks of 2024: A Year of Significant Losses and Lessons In 2024, the decentralized finance (DeFi) sector was rocked by a series of high-profile security breaches, resulting in a staggering $1.27 billion in stolen funds. This year’s hacks, from private key compromises to smart contract exploits, have laid bare the vulnerabilities within the crypto […]
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Oak Grove Ventures Invests $5M in DuckChain to Revolutionize Telegram’s Blockchain Integration Oak Grove Ventures has made a significant $5 million investment in DuckChain, a blockchain platform aimed at transforming Telegram’s ecosystem into a hub for decentralized applications (dApps). $5M investment from Oak Grove Ventures DuckChain leverages TON-based EVM solutions Aims to enable dApps within […]
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Cambodia Crypto Fraud Mastermind Traced to Uttar Pradesh: A Global Web of Cybercrime In a significant breakthrough, Indian authorities arrested Devendra Pratap Mourya, a central figure in a vast cybercrime network operating from Cambodia. This operation has shed light on the sinister side of cryptocurrencies, which, while providing privacy and freedom, are also exploited by […]
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Crypto Lost $2.2 Billion to Hackers in 2024: Analyzing the Top 5 Hacks and Their Impact Bitcoin’s ascent to over $100,000 in 2024 was overshadowed by a surge in hacking incidents, with cybercriminals making off with more than $2.2 billion in 303 attacks. This year saw a concerning rise in cyber theft, particularly from North […]
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Hash Global Fuels DataDance’s Vision with Multi-Million Dollar Investment Hash Global’s hefty investment in DataDance marks a bold leap forward in revolutionizing consumer data management through blockchain technology. This move not only fuels DataDance’s disruptive vision but also signals a significant shift towards decentralization in the data asset landscape. Hash Global leads a multi-million-dollar investment […]
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2024 Sees Favorable Rulings for Digital Assets in India In 2024, India has taken significant strides forward in recognizing and legitimizing digital assets, balancing optimism with the realities of stringent taxation. The year has brought not only judicial clarity but also high-profile endorsements, signaling a shift in perception that could reshape the future of cryptocurrency […]
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Rhodium’s Co-CEO Resigns Amid Bankruptcy and Bitcoin Mining Asset Sale Rhodium Enterprises, a prominent player in the Bitcoin mining sector, faces a tumultuous period as it navigates bankruptcy and the sale of key assets. Amidst these challenges, Co-CEO Nathan Nichols has resigned, adding further uncertainty to the company’s future. Nathan Nichols resigns amid fraud allegations […]
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Crypto Miner-hunting Siberian Power Provider Finds Illegal Farm on Its Own Property A Siberian power provider in Irkutsk discovered an illegal crypto mining operation on its own property, shedding light on the ongoing battle against unauthorized mining in Russia. Illegal mining farm discovered on power company’s property in Irkutsk Power company fined and faces legal […]
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Japan’s FSA Proposes Crypto Reclassification: From Payment Tools to Investment Assets The Japanese Financial Services Agency (FSA) is set to redefine the role of cryptocurrencies, proposing to label them as “financial assets” in its 2025 tax reform plans. This change would shift their status from “payment instruments” under the current Payment Services Act, signaling a […]
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RWA Tokenization Explodes: TVL Soars 58X in Three Years The real-world asset (RWA) sector has seen its total value locked (TVL) skyrocket by 58 times over the past three years, reaching an impressive $8.217 billion. This surge is driven by key players like Hashnote and Usual, but not all platforms are riding the wave, with […]
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