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  • Almost all $1.7 billion crypto stolen in 2022 has come from DeFi

    Almost all $1.7 billion crypto stolen in 2022 has come from DeFi

    Almost all $1.7 billion crypto stolen in 2022 has come from DeFi

    While illicit activity has fallen in the broader cryptocurrency community, it’s been rising sharply in decentralized finance (DeFi) protocols. Of the $1.7 billion worth of cryptocurrency stolen in 2022, 97% of it has come from DeFi protocols, according to a new report from blockchain analytics firm Chainalysis.

    That stat has largely been driven by two huge attacks earlier this year: the $622 million Ronin Bridge at the end of March and the $320 million Wormhole attack in February.

  • Coinbase CEO says crypto will heal, take 15% of global GDP

    Coinbase CEO says crypto will heal, take 15% of global GDP

    Coinbase founder and CEO Brian Armstrong dismissed the current pessimistic approaches to the market.

    Speaking at Coinbase’s Q1 earnings call, Armstrong said that in the next 20 years, the crypto economy is going to represent probably 15% of global GDP.

  • Despite the low price, Bitcoin’s hashrate remains elevated as difficulty taps an All-Time High

    Despite the low price, Bitcoin’s hashrate remains elevated as difficulty taps an All-Time High

    Despite the low price, Bitcoin’s hashrate remains elevated as difficulty taps an ATH

    Over the last two difficulty adjustment algorithm (DAA) changes, the network’s difficulty has increased by 10.45% in four weeks’ time. With the difficulty at 31.25 trillion, it is the most difficult it has ever been to mine bitcoin (BTC).

    In nine days, the DAA is expected to increase again by an estimated 0.72%. With the price down, BTC miners are seeing much smaller profits than two weeks ago.

  • More ETH traders are in profit despite pullback

    More ETH traders are in profit despite pullback

    The profitability of Ethereum remains higher than average despite being 57.58% down from its respective all-time highs.

    According to data provided by IntoTheBlock regarding the composition of its holders, 58% of all funds invested in ETH remain profitable even after it dropped to $2,076. Additionally, 2% of all holders are currently breaking even as 40% are facing losses.

  • Curve’s TVL plummeted 65% compared to the beginning of the year

    Curve’s TVL plummeted 65% compared to the beginning of the year

    Curve used to be the most locked-in value decentralized app for a long time. However, Curve has lost 65% of its TVL since the start of the year. On January 5, TVL was at around $24.3 billion but dropped to $8.5 billion on May 14, according to Defi Llama.

    Although TVL is decreasing, Curve still holds a larger share of TVL market than Lido, Aave, Convex Finance, Uniswap, Compound, PancakeSwap, Instadapp, SushiSwap and Balancer.

  • Soccer team RCD Espanyol to become the first Spanish club to accept crypto payments

    Soccer team RCD Espanyol to become the first Spanish club to accept crypto payments

    The professional soccer team based in Catalonia, Spain – RCD Espanyol – will enable fans to purchase game tickets, merchandise products, and food and beverages in several cryptocurrencies.

    The offering will be available with the start of La Liga’s next season (August 2022). To do so, the club partnered with Crypto Snack – a financial application based in Barcelona and Estonia.

  • KOK rises 108.51% after 24h

    KOK rises 108.51% after 24h

    KOK rises 108.51% after 24h

    KOK, the utility token of the KOK ecosystem, has thrived by more than 100% with a trading volume of $21.97 million in the past 24 hours. KOK has become the second-largest asset by trading volume on the ONUS app, just behind HARD.

  • Terra (LUNA) trading volume surge 200% as market adjusts to death spiral

    Terra (LUNA) trading volume surge 200% as market adjusts to death spiral

    Despite the risks involved, Terra’s ‘insane volatility’ still serves as an attractive market for many short-term investors — mainly because LUNA momentarily gained 600% in value on May 14.

    As investors try to recoup their losses while others attempt to cash in on Terra’s comeback, the trading volume of LUNA surged over 200% back to $6 billion.

  • Etherscan, CoinGecko warn against ongoing MetaMask phishing attacks

    Etherscan, CoinGecko warn against ongoing MetaMask phishing attacks

    Etherscan, CoinGecko warn against ongoing MetaMask phishing attacks

    Popular crypto analytics platforms Etherscan and CoinGecko have parallelly issued an alert against an ongoing phishing attack on their platforms. The firms began investigating the attack after numerous users reported unusual MetaMask pop-ups prompting users to connect their crypto wallets to the website.

    Based on the information disclosed by the analytics firms, the latest phishing attack attempts to gain access to users’ funds by requesting to integrate their crypto wallets via MetaMask once they access the official websites.

  • Brazil’s leading financial broker XP to launch a crypto trading platform

    Brazil’s leading financial broker XP to launch a crypto trading platform

    The Brazilian investment management company – XP Inc. – reportedly joined forces with Nasdaq to launch a cryptocurrency trading platform. Called XTAGE, it should go live by the end of June. Initially, it will enable investors to buy and sell Bitcoin and Ether.

    Lucas Rabechini, Director of Financial Products, asserted that XP does not care about the current condition of the cryptocurrency market. In his view, the niche has the potential to grow, and as such, the broker is focused on the next five ten years.