On December 1, 2023, at approximately 4 AM UTC, Clipper, a decentralized exchange (DEX), experienced a significant security incident that compromised its liquidity pools on the Optimism and Base networks. Initial analyses by security experts suggested that this exploit stemmed from a private key leak, allowing unauthorized transactions. However, Clipper has refuted this claim, maintaining
In a pivotal development for the cryptocurrency space, Coinbase has announced the integration of Apple Pay into its Coinbase Onramp service as of December 2nd. This integration aims to significantly enhance the user experience by simplifying the process of converting fiat currency into cryptocurrencies. With Apple Pay boasting over 60 million active users in the
RTFKT, a notable venture in the world of Web3 and NFT fashion, has recently announced its intent to shut down operations by January 2025. Founded just three years prior, the studio quickly garnered attention for its inventive projects such as Clone X and Cryptokicks. Its partnership with international artist Takashi Murakami for Clone X not
In an impressive turn of events, XRP has marked an extraordinary rally, surging over 100% within a mere week. This meteoric rise has propelled the cryptocurrency past its significant resistance levels, notably eclipsing the $2 mark to reach heights unseen since January 2018, culminating at $2.5. Such performance highlights a robust buying interest within the
In the ever-evolving landscape of cryptocurrencies, Ethereum has recently made headlines as it witnesses a significant rebound in its market price. As the second-largest cryptocurrency by market capitalization, Ethereum has experienced a surge of nearly 10% within the past week, indicating a revitalized interest among traders and investors alike. This upward momentum raises exciting prospects
In a stunning turn of events, XRP has ascended to become the third-largest cryptocurrency by market capitalization, surpassing the prominent stablecoin Tether (USDT) and Solana (SOL), often termed the “Ethereum Killer.” Data from CoinMarketCap indicates that XRP’s market cap has soared beyond $135 billion, positioning it behind only Bitcoin (BTC) and Ethereum (ETH). This rapid
In the rapidly evolving world of cryptocurrencies, SBI VC Trade, a subsidiary of the esteemed SBI Holdings from Japan, continues to redefine its operational strategies to assert its presence in the blockchain sector. SBI Holdings, a titan in internet banking and blockchain technologies, boasts a substantial asset pool exceeding $190 billion as of March 2024.
In November 2023, Cardano (ADA) experienced a remarkable surge, becoming one of the standout performers in the cryptocurrency market. The coin saw its value skyrocket by over 220%, propelling its market capitalization to approximately $38 billion. This impressive climb positioned Cardano back in the top ten of the largest cryptocurrencies by market cap, basking in
The world of cryptocurrency has always been fraught with volatility and unpredictability. Among the myriad of projects vying for attention, Pump.fun—a Solana-based meme coin launchpad—emerged as a notable player, especially with the surge of interest in meme coins. However, recent events have thrown a wrench into its operations, highlighting the potential dangers of unchecked features
In 2019, Facebook introduced Libra, a groundbreaking blockchain initiative aimed at addressing significant global payment challenges through a stablecoin mechanism. Spearheaded by David Marcus, the project sought to create a fast, efficient payment system that would empower individuals, particularly those without access to traditional banking. However, despite its utopian vision, Libra’s quest was short-lived, ultimately