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Onyx Protocol, a decentralized finance (DeFi) platform, has recently fallen victim to a security breach, resulting in a loss of $2.1 million. This incident has raised concerns within the cryptocurrency community, highlighting the persistent vulnerabilities in the DeFi space. The Breach and its Discovery On November 1, 2023, Peckshield, a blockchain analysis and security team, […]

Jamie Dimon Discusses Nuclear Proliferation as Most Serious Global Issue Jamie Dimon, the CEO of JPMorgan Chase, has emphasized that nuclear proliferation poses the most significant threat to mankind. During a panel discussion at the Future Investment Initiative (FII) summit in Riyadh, Saudi Arabia, Dimon expressed his concerns about the current risk of nuclear weapons

A report issued by Ccdata, a digital asset-focused research firm, highlights the evolving nature of crypto custodians and their efforts to introduce new services for institutional customers. These services include staking, custody of tokenized real-world assets (RWA), and investment product-related opportunities. Report: Crypto Custodians Are Changing A report published by Ccdata, a cryptocurrency market research

Inflation Rates Exceeding 100% in Four Countries Drawing upon the latest statistics, ten nations are grappling with inflation rates surpassing 40% as of October 2023, while four countries are enduring inflation rates in excess of 100%. A look into the data curated by the International Monetary Fund’s World Economic Outlook reveals that the Venezuelan bolivar

FDUSD Witnesses Surge in Circulating Supply Over the past 85 days, the stablecoin FDUSD has experienced a remarkable increase in its circulating supply, rising by 62% since the beginning of August. This surge has propelled FDUSD into the top ten stablecoins by market capitalization, while also expanding its market volume share. Emergence of FDUSD in

The Resilience of Gold Last night, gold futures came within touching distance of $2,000, reaching $1,998.60 before closing at $1,994.40. This impressive move towards the key psychological level occurred despite the strength of the US dollar throughout the day. The short-term strength of both gold and the US dollar can be attributed to safe haven

The Growing Potential of Bitcoin Bitcoin (BTC), the leading cryptocurrency in terms of market cap, has been gaining significant attention in the digital currency realm, showcasing its strength and market dominance. Currently, its value is hovering just below the $34,000 mark. A recent report from finder.com, titled "Bitcoin to Hit $87,000 by 2025," sheds light

Nigeria Contemplates Outlawing Forex Parallel Market A Nigerian official recently announced plans to expand the official currency market to include "legitimate" participants such as bureaux de change and financial technology companies. The goal is to address the country's foreign exchange shortage. In addition, Finance Minister Wale Edun revealed that Nigeria is expecting $10 billion in

The Rise of Bitcoin On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin's value to $35,108 per unit, propelling the entire cryptocurrency market upwards by over 10%. Impressive Gains Across the Market As the market soared, traders who had placed

According to a recent report by blockchain forensics firm Chainalysis, North America remains the largest cryptocurrency market in the world, despite ongoing regulatory uncertainty. The report also highlights a decline in stablecoin-related activity and decentralized finance (defi) usage in the region. Institutional Crypto Activity Drives North America's Market Chainalysis reveals that between July 2022 and