According to a new Medium post published on Dec. 26, decentralized finance (DeFi) architect Andre Cronje reaffirmed goals and priorities for the Fantom (FTM) ecosystem in 2023. Cronje, who previously created protocols such as Yearn Finance and Keep3rV1, also revealed that he accepted a position as a board of directors member for both Fantom Foundation Ltd and Fantom Operations Ltd,…
Bitcoin (BTC) hodlers enjoyed another day of zero volatility on Dec. 26 as hopeful forecasts sought signs of a trend change. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Opinions diverge further over BTC price bottom Data from Cointelegraph Markets Pro and TradingView confirmed more sideways action near $16,800 for BTC/USD on Boxing Day. The pair took the holiday period in…
Like most crypto projects this year, non-fungible tokens (NFTs) felt the pain of 2022’s crypto winter as sales are down a great deal and blue-chip NFTs have been slashed in value. For instance, last month, there was roughly $534 million in NFT sales compared to the $2.77 billion in NFT sales sold in Dec. 2021. The NFT Industry Takes a…
On Dec. 26, blockchain security firm CertiK issued a warning alleging that Defrost Finance, a decentralized leveraged trading platform on the Avalanche Blockchain, is an “Exit Scam.” In supporting the decision, CertiK wrote: “On 24 December we have seen an #exitscam on @Defrost_Finance. We have attempted to contact multiple members of the team but have had no response. The team…
Bitcoin (BTC) accumulation is nearing a new milestone this Christmas as redistribution of the BTC supply continues. Data from on-chain analytics firm Glassnode shows that the total BTC balance of so-called “accumulation addresses” is nearing all-time highs. “HODL-only” BTC addresses climb closer to 1 million mark Behind the scenes in the 2022 Bitcoin bear market, certain entities are in no…
The year spewed forth tons of memeable material for crypto pundits. First, there were the prices. If 2021 were the proverbial halcyon days, then 2022 was a sobering correction. Bitcoin more than halved over the course of the year, while its closest contender, Ethereum, was reduced by a factor of three. There was also the wild implosion of Terra’s dollar-pegged…
Major cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of funds by the company and its customers. BTC.com experienced a cyberattack on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets, the mining pool’s parent firm BIT Mining Limited officially announced on Dec. 26. BIT Mining and…
Cryptocurrencies were mostly consolidating on Dec. 26, as markets remained muted following the Christmas weekend. Bitcoin remained marginally above a key support point at $16,800, whilst ethereum remained near a ceiling at the $1,230 mark. Overall, the global crypto market is up 0.20% as of writing. Bitcoin Bitcoin (BTC) remained slightly above a ceiling at the $16,800 level to start…
Italy is one of the cultural hubs of Europe, with centuries of history, art and culture. Now it is also posed to create the crypto art Renaissance via its nonfungible token (NFT) market, says a new report. Data from Research and Market’s “Italy NFT Market Intelligence and Future Growth Dynamics Databook” says the country is projected to have a growth…
Researchers have unearthed a new phishing campaign involving North Korea-linked hackers targeting NFT users purchasing tokens on platforms such as OpenSea, X2Y2, and Rarible. Users would first purchase legitimate-looking NFTs on these websites, and these NFTs would then direct the buyer to fraudulent NFT-related websites to complete the minting process. However, as per a report from blockchain security company SlowMist,…
