Friends and FOMO pushed newbie investors to buy crypto in 2022 — Survey

    A survey from the United States Financial Industry Regulatory Authority indicates that new crypto investors tended to be swayed by suggestions from friends, compared to equities or bond investors. Influence from friends and the fear of missing out (FOMO) were some of the reasons investors bought crypto for the first time in 2022, according to…

    Tether market cap eyes record high after regaining 65% stablecoin dominance

    The market capitalization of Tether is nearly a billion dollars away from reaching a new lifetime peak while rival stablecoins struggle. Tether has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the United States. On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just 1.5% below…

    BlockSec launches collaborative testing toolkit for private forked chains

    With the toolkit, developers and security researchers can test, analyze and debug transactions via controlled private fork chains from the Ethereum mainnet. Blockchain security tech firm BlockSec has launched a new toolkit that enables collaborative testing on private chains “forked from arbitrary (transaction) positions” and block numbers on the Ethereum mainnet. The developer and security…

    SushiSwap approval bug leads to $3.3M exploit

    Only users who have traded on the decentralized exchange in the last four days are apparently affected. A bug on a smart contract on the decentralized finance (DeFi) protocol SushiSwap led to over $3 million in losses in the early hours of April 9, according to several security reports on Twitter. Blockchain security companies CertiK…

    More than 280 blockchains at risk of ‘zero-day’ exploits, warns security firm

    Dogecoin, Zcash and Litecoin have already patched the “critical” vulnerability, but hundreds of others may not have, risking billions’ worth of crypto. 280 or more blockchain networks are estimated to be at risk of “zero-day” exploits that could put at least $25 billion worth of crypto at risk, according to cybersecurity firm Halborn. In a…

    Stablecoins and Ether are ‘going to be commodities,’ reaffirms CFTC chair

    In the tug-of-war between the US regulators over control of crypto assets, the CFTC chair has triple-downed his stance — that Ether and stablecoins are commodities. Stablecoins and Ether are commodities and should come under the purview of the United States Commodity Futures Trading Commission (CFTC), its chairman has again asserted at a recent Senate hearing….