Report: Crypto and DeFi Attacks Increase in Q2, But Total Stolen Funds Decrease
According to a report by Immunefi, there was a 65.3% increase in the number of attacks on crypto and DeFi in Q2 compared to the same period last year, but the total amount of funds stolen decreased by 60.4%. The losses for the quarter amounted to around $265.5 million, with the majority of losses attributed to hacks.
Architect Uses AI to Make Algorithmic Trading Strategies Easier for Crypto Traders
Architect, a new venture founded by former FTX.US CEO Brett Harrison, aims to bring investment tools to individual traders and large institutions using artificial intelligence (AI). The platform has been available in beta mode since May and uses generative AI tools such as OpenAI's ChatGPT to write algorithmic trading code for crypto.
Binance CEO Prepares Platform for Increased Trading Volume Expected in Next 6-18 Months
Binance CEO Changpeng Zhao has announced that the company is preparing for increased trading volume over the next six to 18 months, following a recent surge in activity. The surge has been attributed to several factors, including new filings for spot bitcoin ETFs and the upcoming Bitcoin halving event in 2024. Despite ongoing legal battles with regulators in the US, Zhao remains bullish on the future of crypto and believes the industry still has room to grow.
A Conversation with Market Making Mentor 0xjuu_17: Exploring Trading Strategies and Analyzing Market Predictions
Cointime invited 0xjuu_17 to share his trading experiences, investment strategies, and market forecasts.
Swiss Custody Report: Only 20% of Digital Asset Custodians Support Securities
The survey also covered a variety of companies, including exchanges, brokers, banks, wallet providers, and technology providers. With Switzerland's rich crypto and blockchain foundations, seven technology offerings are available, including global market leaders Metaco and Fireblocks.
Surge in Large Holders of Bitcoin Futures on CME Market Amid Crypto Rally
July 4 (Cointime) - According to data from The Block, the number of large holders in CME's bitcoin futures market has been increasing in recent weeks. The number of holders with a futures position of at least 25 bitcoin rose from 94 in the week of May 30 to 121 in the week of June 27.
Singapore and Thailand Crack Down on Crypto Staking Services
July 4 (Cointime) - Singapore and Thailand are implementing regulations on crypto, specifically cracking down on staking services. The Monetary Authority of Singapore aims to restrict Digital Payment Token service providers from facilitating lending and staking of DPT tokens by retail customers.
Why Do Crypto Exchanges Fail ?
Imagine waking up one morning and finding that your hard-earned Bitcoin has vanished into thin air. While you might be able to trace it on-chain, signs of recovery are slim to one, and the reality of facing a gut-wrenching loss sets in. This is the harsh reality faced by countless individuals who have fallen victim to the collapse of many a crypto casino, I mean exchange, throughout the last decade.
Paradigm Venture Capitalist Affirms Commitment to Crypto After Website Controversy
July 1 (Cointime) - Venture capitalist Matt Huang criticized Paradigm's decision to remove crypto and Web3 mentions from its website, calling it "ridiculous." However, Huang took to Twitter to reassure the market that the firm is still dedicated to crypto. Paradigm's website made headlines after changes were made to the site's boilerplate, describing it as a "research-driven technology investment firm" instead of one that specifically invested in disruptive crypto/Web3 companies and protocols. Huang stated that he and co-founder Fred Ehrsam had a shared curiosity for the future, deep conviction in crypto, and a desire to advance the frontier of what's possible, and that they continue to invest in crypto and publish original research.
More Layers on Ethereum - The Rise of Layer-3 Scaling Networks
Interesting stuffs everywhere!
