Tag: Report

Crypto users spent $2.7B minting NFTs in first half of 2022: Report

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According to new market research published by blockchain data firm Nansen, crypto users spent 963,227 Ether (ETH), worth $2.7 billion, minting nonfungible tokens (NFTs) on the Ethereum blockchain in the first half of 2022. An overwhelming majority of minting took place on OpenSea.io.  Minting occurred across 1.088 million unique wallet addresses on Ethereum during this period, Nansen said. In comparison, about $107 million worth of NFTs were minted on BNB Chain and $77 million for Avalanche. A total of 263,800 unique wallet addresses were involved in NFT minting on the…

Web3 Development Remains Strong Despite Crypto Downturn: Report

Titled “Blockchain Open-Source Developers Signal Strength of Web3 Community,” the report examined developer activity on the Ethereum, Bitcoin and Solana blockchains. The data analysts looked at 1,000 active organizations contributing to more than 30,000 open source projects across the chains, collating data from a number of sources, including code repository GitHub. Source CryptoDevelopmentDownturnRemainsReportStrongWeb3 CryptoX Portal

Hedge fund billionaire Steve Cohen exits crypto startup Radkl amid bear market: Report

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Steve Cohen, the founder of hedge fund Point72 Asset Management, has reportedly exited his investment in crypto trading firm Radkl. According to a Tuesday report from Bloomberg citing a Radkl spokesperson, Cohen has reduced his exposure to crypto investments following his exiting the trading firm. However, the spokesperson reportedly said Radkl was still “extremely well capitalized with its current investors” and was continuing to grow. Cohen, whose net worth was estimated at more than $17 billion, has backed crypto and blockchain projects both using his personal portfolio and through Point72.…

Nomad Hacked, $45M Stolen So Far: Report

Cross-chain messaging protocol Nomad is being actively hacked and at least $45 million has been stolen, The Defiant reported Monday night, sighting several Twitter posts. Nomad posted on its Twitter account that it is aware of the situation and is investigating. Source

GameFi and Metaverse least affected by Terra debacle: Report

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Blockchain gaming and the Metaverse have managed to “sidestep” the “Lehman brothers-like” collapse of Terra in May — though decentralized finance (DeFi) and nonfungible tokens (NFTs) haven’t been so lucky, a report says.  In a July 29 report from decentralized application data aggregator DappRadar, the collapse of Terra in May was similar in scale to the 2008 subprime mortgage crisis — causing decentralized finance (DeFi), nonfungible tokens (NFTs) and firms such as Three Arrows Capital (3AC), Celsius and Voyager to cop the brunt of Terra’s destruction. “It is becoming clear…

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

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The crypto industry is fraught with different malicious actors preying on unsuspecting users, especially the cryptojacking attackers. Many hacks and exploits occur in the industry, targeting crypto firms and individual investors. According to data, crypto scams and exploits in 2022 amounted to $10.3 million from January to June. This shows that the industry is not safe to operate without caution. Apart from exploiting exchanges and networks, cybercriminals also target individuals through cryptojacking. This targeted attack on someone’s computer resources to mine crypto without permission. In cryptojacking, the lousy actor will…