Crypto-Analysis

US crypto firm Nomad has suffered a $190 million hack, blockchain analytics reported on August 3. Experts estimate the funds have been stolen from cross-chain bridges to $2 billion so far in 2022. Nomad said on an official Twitter account that it was “aware of the incident” and was currently investigating without giving further details….

Market participants spent 963,227 ETH, or about 2.7 billion, on NFT minting on the Ethereum blockchain during the first half of 2022. Over 1 million unique wallet addresses were involved in the minting process, signaling that NFT market activity remained strong. According to a new report by Nansen, about half (50.7%) of the ETH raised…

The Solana ecosystem suffered the multimillion-dollar hack, with users reporting that their funds have been drained silently from major internet-connected “hot” wallets, including Phantom, Slope, and TrustWallet. So far, at least 8,000 wallets have been affected, with about $8 million lost, but the source of the attack remains unknown. On August 3 night, an unknown…

Blockchain gaming and metaverse projects seem to have been making over the bear market much better than the other market niches. Despite the crypto market crash, the GameFi sector has spiked by 9.51% in the second quarter of 2022. According to a new report from DappRadar, blockchain games have sidestepped the ensuing bear market and…

A panel of crypto industry experts expects Dogecoin (DOGE) to completely lose its value. Dogecoin “was a meme coin that shouldn’t have really gotten to this point,” experts said, blaming Tesla CEO Elon Musk for the popularity of the meme cryptocurrency. On July 27, price comparison portal Finder updated its Dogecoin (DOGE) price predictions. The…

According to a new report by Boston Consulting Group (BCG), the UAE’s financial wealth will grow from $700 billion currently to $1 trillion during the 2021-2026 period. BCG’s chief believes that UAE is very well positioned to benefit from crypto opportunities, thanks to the crypto-friendly regulatory environment and an emerging regulatory setup. Mustafa Bosca, BCG’s…