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KyberSwap Reduces Staff Following Major Exploit
December 27, 2023
Decentralized exchange aggregator KyberSwap announced that it's laying off 50% of its workforce following a $54 million exploit in November. The decision to cut jobs was announced by the CEO …
Read moreLearn Concept: The Impacts of Crypto Exchange Security Breaches
December 27, 2023
One advanced crypto concept that frequently appears in the news is the security of cryptocurrency exchanges. On occasion, crypto exchanges can experience security breaches, which can have a substantial impact …
Read moreSolana Observes Booming December Despite Meltdown in Crypto Market
December 26, 2023
Solana has been witnessing a strong December, overshadowing the price dips experienced by crypto titans like Bitcoin and Ethereum. The Layer 1 blockchain has seen a rapid price recovery this …
Read moreMark Shifke Stepping in as Grayscale Chairman as Barry Silbert Steps Down
December 26, 2023
In a significant reshuffling at Grayscale, chairman Barry Silbert and president of its parent company Digital Currency Group (DCG), Mark Murphy, will be resigning from their board positions. The change …
Read moreTelcoin's Mobile App Security Breach Results in Massive TEL Coin Value Drop
December 26, 2023
Recently, cryptocurrency platform Telcoin reported a significant security breach within its mobile application, drastically affecting its native TEL coin's value with a notable decrease of over 35%. This incident was …
Read moreMt. Gox Initiates Repayments to Creditors; Oversights Lead to Double Payouts
December 26, 2023
The defunct cryptocurrency exchange, Mt. Gox has commenced compensating its creditors, nearly a decade after its collapse. Several creditors have unveiled that they have received fiat replacements of their erstwhile …
Read moreAdvanced Crypto Concept: Shifting Revenue Structure of Bitcoin Miners with the Rise of Inscriptions
December 26, 2023
The Bitcoin mining industry is experiencing a considerable shift in its revenue structure as inscriptions are occupying an increasing share of miners' revenues. The change has been traced through an …
Read moreSurging User Activity on Solana Demonstrates Market Interest, Pushes Trading Volume Beyond Bitcoin and Ethereum
December 25, 2023
The digital asset Solana (SOL) has seen a surge in weekend trading volume, exceeding that of established cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), on major centralized exchanges. The trend was …
Read moreBitcoin Miners' Revenue Shifts: Inscriptions Emerge as Key Income Source Amid Blockchain Overload
December 25, 2023
Quick Take A significant shift in the Bitcoin mining industry's revenue structure is observed as inscriptions occupy a growing share of miners' earnings. This shift has been tracked through an …
Read moreJapan Scraps Corporate Tax on Unrealized Crypto Assets
December 25, 2023
In a significant move for digital assets, Japan's government has abolished the tax on unrealized crypto gains for corporations. This major policy change, expected to take effect in April 2024, …
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