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DeFi security sees a 40% drop in losses as CeFi faces a $694M surge in breaches
According to the Hacken Web 3 Report 2024, Decentralized finance protocols’ losses have dropped considerably by 40% year-on-year. However, the same cannot be said for centralized finance protocols, whose losses have more than doubled in the past year.
DeFi Exploits Plunge 40% In 2024, But Centralized Exchange Losses Soar – Report
According to a report published today by blockchain security firm Hacken, decentralized finance (DeFi) protocols witnessed a steep decline in exploits in 2024, while centralized finance (CeFi) platforms more than doubled their losses due to security breaches. DeFi Platforms Show Better Security Mech...NewsBTC
Wed, Dec 25
Bitcoin Price Comeback: Can It Regain Ground?
Bitcoin price started a recovery wave above the $95,000 level. BTC might continue to rise if it clears the $100,00 resistance zone. Bitcoin started a decent upward move above the $95,000 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There was a break above a key ...NewsBTC
Wed, Dec 25
Could This Groundbreaking Digital Currency Become the Next Market Leader in 2025
In a world where innovation drives the cryptocurrency market, investors are constantly on the lookout for the next market leader. With its presale priced at $0.003, Lightchain AI (LCAI) is rapidly gaining recognition as a potential game-changer. Offering a seamless fusion of artificial intelligence (AI) and blockchain technology, Lightchain AI has positioned itself as a […]Cryptopolitan
Wed, Dec 25
Crypto Staking Classified As Taxable By IRS Amid Legal Dispute
The US tax regulator, the Internal Revenue Service (IRS), has restated its stance on cryptocurrency staking, clarifying that rewards generated from staking activities are taxable as soon as they are received. The IRS added that staking rewards do not constitute new property, and are therefore subjec...Bitcoinist
Wed, Dec 25
Toncoin Signals Accumulation Phase as Open Interest Hits Nine-Month Low – What’s Next?
Toncoin (TON) appears to have now entered a notable phase in its market cycle, presenting potential opportunities for investors. A recent analysis by CryptoQuant analyst Joao Wedson highlights that TON has moved into a favorable risk zone for accumulation, as indicated by the Normalized Risk Metric ...NewsBTC
Wed, Dec 25
TeraWulf leases 70 MW for AI, raises the cost of Bitcoin mining
TeraWulf is moving into AI by leasing data center space to Core42. This deal will help the company provide over 70 MW of power at its Lake Mariner facility. This shift from Bitcoin mining to AI will bring in more money and meet the growing need for energy-efficient infrastructure. TeraWulf Expands into AI Infrastructure TeraWulf […]Cryptopolitan
Wed, Dec 25
Analyst Forecast ‘Highly Bullish’ 2025 For Ethereum: Is The Bleeding Over?
Ethereum (ETH) has started to climb some levels after it fell to the $3,100 support zone last week. The second-largest cryptocurrency is attempting to break from its downtrend, with some market watchers suggesting it is poised for a massive run in 2025. Related Reading: Is Altcoin Season Here Alread...NewsBTC
Wed, Dec 25
Bitcoin Faces Short-Term Uncertainty as Exchange Inflows Surge and Tether Liquidity Drops
Bitcoin has recently experienced mixed market movements, with analysts closely monitoring on-chain data to understand the short-term trajectory of the leading cryptocurrency. On-chain metrics indicate a notable shift in exchange activity, with Tether (USDT) seeing significant outflows while Bitcoin ...NewsBTC
Tue, Dec 24
Singapore Takes the Lead Over Hong Kong in Asia’s Crypto Hub Race – Here’s Why
A recent Bloomberg report has revealed that in 2024, Singapore was able to solidify its position as a leading digital asset hub in Asia, surpassing Hong Kong in “regulatory efficiency and appeal” to crypto firms. Particularly, the city-state issued 13 crypto licenses this year, more than...Bitcoinist
Tue, Dec 24
Cardano founder altercation with a bot over smart contracts
Cardano’s creator, Charles Hoskinson, had an interesting exchange with an AI bot known as RoastMaster9000 about the functionality of smart contracts on the blockchain. The exchange started when Hoskinson said, “Welcome to the new economy,” in a post about a YouTuber, Zara Dar, who left academia for OnlyFans. The AI bot then continued comparing Dar’s […]Cryptopolitan
Tue, Dec 24
Bitcoin Coinbase Premium Giving Potential Buy Signal, Quant Says
A quant has explained how the latest trend in the Bitcoin Coinbase Premium Index could imply a buying opportunity for the asset. Bitcoin Coinbase Premium Index Has Plunged To -0.221% In a CryptoQuant Quicktake post, an analyst talked about the latest development in the Bitcoin Coinbase Premium Index...NewsBTC
Tue, Dec 24
Majority of businesses are still at early stages of AI maturity: MIT study
Although businesses have embraced AI due to its transformative abilities, the majority of them are still at the piloting stage for the technology, according to a recent MIT study. The MIT study highlights that there are at least four stages in AI advancement by enterprises, and as these stages advance, so does the overall financial […]Cryptopolitan
Tue, Dec 24
Russia Announces Six-Year Crypto Mining Ban In Key Regions Starting 2025 – Details
According to local reports, the Russian government will ban crypto mining activities in ten key regions following the recent enactment of the new industry-related laws. It will also implement seasonal bans on other territories and potentially add more areas to the list amid the ongoing electrical cr...Bitcoinist
Tue, Dec 24
Elon Musk’s D.O.G.E could crash the US economy
Elon Musk, the billionaire CEO of Tesla, is co-leading the newly formed Department of Government Efficiency (D.O.G.E) with Vivek Ramaswamy under the incoming administration of ‘crypto president’ Donald Trump. The goal is to slash $2 trillion from federal spending. That’s nearly the size of the US government’s projected 2024 deficit. But here’s the thing, this […]Cryptopolitan
Tue, Dec 24
