On August 29, the US Federal Bureau of Investigation (FBI) updated its advice to DeFi investors, citing a rise in criminal use of smart contracts. The blockchain analysis business discovered in July that hacks were to blame for the overall theft of $1.9 billion in cryptocurrencies in 2022.
Author: hassan
hassan
Hassan Shittu contributed to Blockchain Journal as a cryptocurrency journalist, covering blockchain technology, digital asset markets, and broader industry developments. His reporting focused on delivering clear, timely coverage of crypto-related news, with attention to market structure, ecosystem trends, and factual accuracy.
Following the crises of the previous day, the CEO and founder of Avalanche, Emin Gün Sirer, has written an official statement debunking the bogus allegations made against AVAX.
Bitcoin (BTC) is “one of the worst cryptocurrencies” and “purely without utility” in comparison to other cryptocurrencies, according to Justin Bons, the founder and chief investment officer of crypto-focused fund Cyber Capital. This is because of a lack of technological development.
Ava Labs CEO Emin Gün Sirer refuted claims that the company “used legal techniques,” reaffirming that it was not involved in any criminal activities while also calling Crypto Leaks’ argument “nonsense” and conspiracy theory.
According to the founder of BitMEX, Arthur Hayes, the price of Ethereum (ETH) will increase when it combines with a proof-of-stake consensus mechanism.
Shaktikanta Das, governor of the Reserve Bank of India, has once again criticized cryptocurrencies harshly. He claimed that the virtual currency can seriously undermine the ability of the central bank to establish monetary policy.
KuCoin, a cryptocurrency exchange with headquarters in Seychelles and more than 10 million customers across 200 countries, undertook a poll to decide the number of crypto investors globally. India, the second-most populated country in the world was revealed to have more 110 million crypto investors.
One of the largest cryptocurrency investment companies in the world, Grayscale Investments, has made some questionable statements concerning Ripple (XRP.)
The hacker lost ETH 5 (USD 7,878) in the process of attacking the Rainbow Bridge. Still, the Rainbow Bridge has managed to withstand another attack.
Following a dramatic collapse warning, Bitcoin and other significant cryptocurrencies fell back last week on Friday, wiping out roughly $200 billion from the total market. More than 10% lower over the past week, the price of bitcoin plunged rapidly approaching $20,000 per coin, with double-digit losses also experienced by Ethereum and the other top ten cryptocurrencies.