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Approximately $215 million of stolen assets have since been recovered. According to a June 30 report by Web3 security firm Beosin, the total value of crypto currencies lost in scams , hacks and rug pulls amounted to $656 million during the first half of 2023. This includes the loss of $471.43 million in 108 protocol attacks, $108 million in various phishing scams and $75.87 million over 110 rug pulls . For hacks , the amount represented a significant decrease over H1 2022 and H2 2022, where $1.91 billion and $1.69 billion were lost, respectively. In addition, Beosin analysts wrote: “Approximately $215 million of stolen assets were recovered, accounting for 45.5% of all stolen assets. In contrast, in 2022, only 8% were recovered. $113 million of stolen assets were transferred to mixers: $45.38M into Tornado Cash and $68.14M into other mixers." In a dashboard compiled by Beosin and Footprint Analytics, only one project was hacked for more than $100 million, that being Euler Fin

Jun 30, 2023 at 08:23 // Price Author Coin Idol Cryptocurrency analysts of Coinidol.com report, the Ripple (XRP) price has fallen below the moving average lines. This suggests that selling pressure will continue to be on the downside. Long-term forecast for the Ripple price: bearish Before the breakdown, buyers were working feverishly to keep the price above the moving average lines. This allows the cryptocurrency to retest the $0.55 resistance level. Nevertheless, the bears have broken through the 50-day line SMA, which is caught in a trap. The cryptocur

According to its dedicated blockchain explorer PuppyScan , at the time of this writing, the total number of transactions on Shibarium beta had reached 25,505,315 while the number of wallet addresses is now at 17,001,839. advertisement The rate at which the number of transactions is rising is quite intriguing. A few hours ago, the total number of transactions on Puppynet was sitting at 25,466,859 with the total number of wallet addresses at 17,001,830. Currently, the total number of processed blocks is 1,483,165 at an average block time of 7.5 seconds.  Shytoshi Kusama’s Tweet Spark Excitement  Also, Shytoshi Kusama, SHIB lead developer posted a tweet alongside a 19-seconds video clip. In his tweet, he noted that “#wen is so last year. The real question is… #WHERE?”. His tweet consisted of so many hashtags including #SHIBARMY #SHIBARIUM #SHIBOSHIS #SHIBAETERNITY #MVSHIB #SHIBACALS #WELLY #UNIFICATION #BADIDEAI #SEEYOUTHERE. Recommended Artic

Join Our Telegram channel to stay up to date on breaking news coverage BitFlyer, one of the leading crypto exchanges in the world, has announced that new cryptocurrencies will be added to its European and American subsidiaries. The exchange service provider is working on improving its offerings for traders, and these new cryptos will help the platform to achieve that. Through a press release, BitFlyer announced that BitFlyer Europe has added Ethereum Classic (ETC), Lisk (LSK), Bitcoin Cash (BCH), Litecoin (LTC), and Monacoin (MONA) to the options traders have to buy and sell on the platform. On the US platform, BitFlyer has added ETC, BCH, and LTC. The addition of these cryptocurrencies gives traders on BitFlyer a more extensive range of options, and this will allow the exchange to attract more crypto traders. Andy Bryant, co-head and COO of BitFlyer Europe, said that the exchange is listing the additional cryptocurrencies to extend the offerings available to the European and

The Law Commission of England and Wales has issued recommendations to reform the legal framework surrounding digital assets. The new regulations will cover securities-style and e-money under the Electronic Money Regulations. The U.K.’s new regulations will bring protection and accountability to the crypto asset market. The UK is aiming for amenable crypto regulation Digital assets, including crypto-tokens (cryptocurrencies) and non-fungible tokens (NFTs), have become increasingly prevalent in modern society. They serve purposes such as investment, payment transactions,  representation of debt, and equity securities. NEW: Today we have published our recommendations for reform and development of the law relating to digital assets, like #NFTs and # crypto tokens. Our reform s aim to provide greater legal clarity and encourage technological innovation. Read more here: https://t.co/GEbJkTQWUm pic.twitter.com/VNPsmwkdXR — Law Commission (@Law_Commission) June 28, 2023 While persona

Altcoin spot instrument delistings skyrocketed during the month of June, according to a tweet by Crypto Sensei. The month of June saw more altcoin delistings than during the FTX meltdown of November 2022. Technical indicators for the total altcoin market cap suggested that altcoins may continue to suffer in the next 2 days. A crypto analyst and trader, Crypto Sensei, shared in a post on Twitter yesterday that the number of altcoin spot instrument delistings skyrocketed during the month of June. According to the post, there were about 441 delistings throughout the past 30 days. It is worth noting that June saw more of these delisings than during the FTX collapse back in November of 2022. During this time, there were only about 280 instruments that got delisted. Although the latest regulatory crackdown by the SEC could be to blame for this “altcoin cleansing” in the crypto space, Crypto Sensei also mentioned that the high number of delistings were caused by

MongCoin, a new meme coin launched on April 23, stands out because of its connection to the MONGS NFT collection. The project has gained popularity among crypto enthusiasts and meme lovers thanks to its high DEXTools ranking and a Huobi Global poll win. Source: DEXTools MONG Coin: Unleashing the Power of Memes and NFTs At the heart of MongCoin is its groundbreaking connection to the MONGS NFT collection. This is a captivating assembly of 6,943 digital collectibles that debuted in January 2022. Each NFT within the collection showcases a distinctive mongoose. They all draw inspiration from the remarkable hunting abilities of this small carnivorous creature. Mongoose, renowned for its prowess in subduing venomous snakes like cobras, symbolizes resilience and agility—attributes that resonate with the MONG community. One intriguing aspect of the MONGS NFT collection is the incorporation of a rewarding system. The platform incentivizes holders of these NFTs with MONG coins, infusing an

The powerful combination of AI and blockchain is the next frontier in technological innovation. Let’s explore how some prominent cryptocurrency platforms leverage OpenAI’s ChatGPT to revolutionize their operations and user experiences. In today’s fast-paced digital world, the fusion of artificial intelligence (AI) and blockchain creates groundbreaking shifts across industries.  Leading this digital revolution is OpenAI’s ChatGPT. This AI-powered language model is becoming an integral tool in crypto , enhancing everything from blockchain exploration to transaction monitoring.  Let’s dive into how several crypto platforms are making significant strides in their operations by integrating ChatGPT. Hedera: secure AI-Built interactions Hedera (HBAR), a well-established name in the crypto network landscape, is gearing up to incorporate ChatGPT into its operations.  We’re verified in the #ChatGPT #Plugins Store fam! Anyone with access to plugins can try the @Hedera plugin. pic.twitter.

The team behind zkSync Era, an Ethereum-compatible layer-2 zk-rollup, is launching an open-source framework for building zk-rollups and layer-3s, which they call “hyperchains,” based on its code. The concept — called ZK Stack — is meant to address a subset of developers for whom sovereignty is paramount. In addition to being free and open source, resulting chains remain customizable while maintaining the security of an Ethereum zk-rollup. Matter Labs CEO Alex Gluchowski told Blockworks that no other current solution for builders provides the combination of permissive open-source license — MIT/Apache — and scalability afforded by zero-knowledge proof technology. “The creator (you) possesses full rights to the code and enjoys unrestricted autonomy to customize and shape every aspect of the chain,” zkSync said in a blog post. “Hyperchains operate independently, relying solely on Ethereum [mainnet] for their liveness and security.” A platform to rival the Optimism “superchain” concep

Binance Deregisters in Austria Crypto exchange Binance continues to remove its license applications in several European countries after heightened regulatory challenges in Europe and a lawsuit by US Securities and Exchange Commission (SEC). Binance now only has licenses in France, Italy, Spain, Poland, Sweden, and Lithuania. advertisement Binance Austria GmbH has withdrawn its virtual asset service provider license from the Austrian Financial Market Authority (FMA), reported Finance Forward. “We are unable to provide details from our discussions with regulators, but we will continue to act in accordance with our commitments wherever Binance operates,” a company spokesman said. Binance recently withdrew its virtual asset service providers (VASP) registration in the UK, the Netherlands, Belgium, and Cyprus. The crypto exchange working to remain fully compliant with the MiCA regulation, expected next year. It will provide a passport for crypto firms to operate

Shiba Inu (SHIB), a cryptocurrency that gained popularity due to its meme-inspired origins, has witnessed fluctuations in its price performance. However, the project has shown notable progress in terms of its utility and development efforts. Distinguishing itself from other meme coins, Shiba Inu stands out by actively engaging in development projects and providing consistent updates to keep its community well-informed. Unusual and concerning activity has been detected in the on-chain data of SHIB. Crypto intelligence portal IntoTheBlock has reported noteworthy behavior among large SHIB holders. Despite showing highly positive dynamics throughout the week, the trend experienced a sudden and significant shift starting on Friday, continuing throughout the weekend. Notable drop in transaction volume by large Shiba Inu holders There has been notable concern regarding a significant decline in transaction volume among large holders of SHIB. Earlier in the week, this volume had been increasing

Join Our Telegram channel to stay up to date on breaking news coverage Crypto Profit provides the best crypto information regarding Wall Street Memes, which is the most talked about crypto presale right now. This emerging cryptocurrency is quickly gaining interest among early-stage investors, presenting itself as the next memecoin king. Crypto Profit provides a discussion about Wall Street Memes Wall Street Memes ($WSM), an innovative memecoin, has reached an incredible milestone by surpassing the $10 million presale investment mark. WSM coin is now in the 18th stage of its ongoing presale, with a price of $0.0301. See our guide to the best memecoins to buy here. While presales are inherently hazardous, they can generate significant gains, especially when a strong community backs the initiative. Wall Street Memes has a million followers dispersed across numerous social media sites, confirming the token’s tremendous support and potential. The project’s amazing success can be