The cryptocurrency industry saw a 23% decline in losses due to hacking and scams in the first quarter of 2024 compared to 2023, according to a March 28 research report by blockchain security firm Immunefi. According to the report, the total amount lost to hacking and fraud incidents in Q1 of 2024 amounted to approximately $336.3 million,…

Coinbase Ethereum layer-2 network Base has shattered its own trading volume record within a 24-hour period on decentralized exchanges (DEX), jumping up approximately 25% compared to the previous day, surpassing the $1 billion mark. On March 30, Base recorded $1.21 billion in DEX trading volume, up 25% from the previous day’s $959.63 million, as per…

Grayscale Investments has announced an investment fund tailored for sophisticated clients eager to expose their portfolios to income generated from staking cryptocurrency tokens. According to a recent statement, the Grayscale Dynamic Income Fund (GDIC) is only available to clients holding more than $1.1 million assets under management (AUM), or with a net worth of more than…

When the world’s fourth-largest cryptocurrency exchange delists its leading stablecoin for an entire continent, it raises eyebrows. But this may just be a harbinger of things to come. Expect more disruptions as Europe’s path-breaking Markets in Crypto-Assets Regulation (MiCA) regulatory regime takes effect at the end of June. Off-shore stablecoins, in particular, may face challenges….

The blockchain-based mini-decentralized applications (DApps) on Telegram, also known as Mini Apps, could be a “Trojan horse” for mass blockchain adoption. That’s according to Justin Hyun, the director of investments at TON Foundation, who told Cointelegraph: “That’s our thesis for bringing in more users onto the blockchain without even needing to educate them about the blockchain….

Ethereum co-founder Vitalik Buterin is proposing to raise the bar on what’s considered a rollup in the Ethereum ecosystem — and suggests developers should aim to get their decentralization efforts in order by the end of the year. The comments came in his latest blog post on March 28, reflecting on the year ahead following Ethereum’s latest Dencun upgrade,…

After rallying to $4,091 leading into the Dencun upgrade, Ether has underperformed over the last month compared to Bitcoin and the broader crypto market, leading traders to doubt whether the altcoin’s downtrend is over. To put this into context, Bitcoin’s price fell by 18% during the same period, while the total cryptocurrency market capitalization dropped by 16%. A number of…

The Ethereum network recently hit the one million validator milestone, with 32 million Ether currently staked, valued at approximately $114 billion based on current market prices. On March 28, the Dune Analytics dashboard created by Hildobby to track Ethereum staking progress showed that the network achieved a validator count of one million, with the 32 million ETH staked…

Cryptocurrency exchange KuCoin will hold an airdrop of Bitcoin and its native KuCoin (KCS) token worth $10 million, according to a letter from CEO Johnny Lyu posted on the exchange’s blog on March 27. The news comes a day after the United States Justice Department announced charges against the exchange and two of its founders. Lyu did not…

A clear ascending triangle is forming on the Bitcoin dominance chart, signaling a potential surge in Bitcoin’s market share, according to several crypto traders. Some, however, argue it’s going to go the other way. “The BTC dominance train is about to leave the station,” crypto trader and Into The Cryptoverse founder Benjamin Cowen declared to his…