Cryptocurrency Analysis and News Portal
The cryptocurrency market is having its worst month of 2023, according to a report from Web3 outlet De.Fi shared with Cryptox. Losses for July totaled $486 million, more than six times the total from 2022:Cryptocurrency losses comparing July 2022 and July 2023. Source: De.FiThe report comes on the heels of
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Of the $303 million this month, investors lost about $285 million in exploit attempts and hacks including the Multichain and Curve attacks, per CertiK’s data. Roughly $8.7 million of assets were drained abusing flash loans. This is a sophisticated exploit venue that lets traders borrow unsecured funds using smart contracts
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Five tokens stand out as the biggest losers among the top 100 assets, facing significant challenges in recent times. As July comes to a close, the crypto market has witnessed notable fluctuations, with some assets experiencing a
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The appeal for such products is likely due to the ease of usage compared to a decentralized exchange, such as Uniswap, where users have to continually log in to their wallet, cross-check if all token information is correct, and encounter high fees to ensure their trades go through. Source
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The large gains began following Ripple’s partial court victory over the SEC in the middle of the month. Source
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"I'm looking into what tone the Fed will set for the next meetings in September and beyond. We are at an intriguing juncture, as inflation has been receding, but the favorable base effects will be less pronounced from here on. Additionally, the oil price bounced back about 10% over the
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Last week was marked by two new legislative initiatives for the crypto industry in the United States. Senator Jack Reed sponsored a bipartisan bill that would tighten Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations and sanctions requirements for decentralized finance (DeFi). The bill would subject DeFi operations to
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In this week’s newsletter, Google Play has officially allowed nonfungible token (NFT) games on its store — with some limitations. NFT company Dapper Labs has completed its third round of layoffs, and a blockchain gaming startup has enabled an automated refund feature for NFT purchases. In other news, check out
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The cryptocurrency industry offers investment opportunities, but choosing the right token can be difficult. Currently, market analysts are monitoring the price movements of two tokens: quant (QNT) and tradecurve (TCRV). TCRV has been bullish in June
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Given the current push for crypto regulation, the industry breathed a sigh of relief on July 13 as Ripple Labs scored a partial victory in its legal battle with the United States Securities and Exchange Commission (SEC) dating back to 2020.Judge Analisa Torres of the U.S. District Court for the
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