Blockchain forensics firm Chainalysis says ransomware attacks involving payments decreased by 46% in 2023. As the ransomware market becomes increasingly saturated with new schemes due to lower barriers-to-entry, executing profitable attacks involving crypto payments has become a challenging thing, according to a new blog report from Chainalysis. Ransomware payments vs the amount of incidents | Source: Chainalysis The blockchain intelligence firm says the 46% drop in ransomware payments can be partly attributed to “enhanced cyber resilience among organizations,” adding that companies now possess a better understanding of the threats they…
Category: CryptoX News
Solv Protocol attracts over 12k BTC investment, integrates Babylon partnership
Solv Protocol, a decentralized liquidity financial protocol, has reported a significant milestone in its operations. According to an announcement on X, the protocol has attracted over 12,000 Bitcoin (BTC) in investments across multiple chains, including Arbitrum, BNB Chain, and Merlin Chain. Solv Protocol x @babylon_chain We’re thrilled to announce our partnership with Babylon, bringing native BTC restaking yields to SolvBTC. This integration will enable SolvBTC to be used to help secure PoS chains, roll-ups, and AVS, unlocking use cases for the large idle… pic.twitter.com/8A9pvhy27Q — Solv Protocol (@SolvProtocol) May 5,…
Analysts: Gold Rush In China Is Propping Prices Up
The interest and high demand for gold products in China is one of the factors that is propping the price of the precious metal up in international markets. Several analysts believe that the loss of confidence in traditional investment options in China, and the geopolitical factors and U.S. sanctions have contributed to this end. China […] Source CryptoX Portal
Over 90% of Stablecoin Transactions Are Non-Organic
CoinspeakerOver 90% of Stablecoin Transactions Are Non-Organic In a surprising report from Bloomberg, Visa and Allium Labs’ recent study challenges the notion that stablecoins are poised to transform the global payments landscape. The report suggests that a startling 90% of stablecoin transactions in April 2024 did not originate from regular consumers, casting doubt on their potential as a mainstream payment method. Visa’s metric seeks to isolate “organic payments activity” by filtering out transactions driven by bots and high-volume traders. This revealed that only $149 billion out of a total of…
Exploring Inccrypto’s free cloud mining for Bitcoin mining enthusiasts
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Explore the accessible and profitable world of cloud mining with Inccrypto, a leading platform that allows users to mine cryptocurrencies remotely without upfront investment. Cloud mining is a process of mining cryptocurrencies using remote data centers, where users can rent processing power and mining hardware to mine cryptocurrencies without having to manage the hardware themselves. The mining hardware is owned and operated by the cloud mining service provider, and…
Market Making Mastery: Coinrate.pro CEO Reveals the 12x Market Caps Strategy
PRESS RELEASE. Abu Dhabi, AE, May 6, 2024 – Amidst the 2024 resurgence of the bull market, with Bitcoin breaking the $72,000 mark, the demand for sophisticated market making has skyrocketed. Coinrate.pro has emerged as a trailblazer with its innovative market making strategies and forward-looking vision. Sergey Smotrov, the CEO of Coinrate.pro, unveils the company’s […] Source CryptoX Portal
Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations
The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […] Source CryptoX Portal
Jack Dorsey initiative pours $21m into Openstats
Former Twitter CEO Jack Dorsey has made a staggering $21 million donation to OpenSats, a platform dedicated to funding Bitcoin (BTC) development. The nonprofit announced Dorsey’s donation in a May 4 blog post, where it indicated the funds would be used to bolster the resources available for open-source projects, providing crucial funding to innovators across the globe. Dorsey, who led Twitter (now known as X) from 2015 to 2021, later confirmed the contribution while responding to a post by technology specialist and whistleblower Edward Snowden, who was warning Bitcoin developers…
Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real Economy’ The study, first reported on by Bloomberg, analyzes bank and credit card data from […] Source CryptoX Portal
Sui Surpasses Solana in Daily Transactions Amidst Spam Token Frenzy
Sui, a scalability-focused blockchain, has surpassed Solana, a top 10 cryptocurrency network, in activity levels, registering 41 million transactions on April 3. The activity overheating on Sui is caused by ‘spam’, a Sui native token designed to stress test the network’s capabilities, assigning tokens to users equivalent to the number of transactions issued. Sui Surpasses […] Source CryptoX Portal