Reports | ForkLog

ForkLog 21 16.10.2024

Tether Reports 330 Million USDT Users

As of the end of the third quarter of 2024, the stablecoin USDT is utilized by 330 million cryptocurrency wallets and on-chain accounts, according to its issuer, Tether. Tether Insights Vol 1 How Many USDt Users Are There? Read more: https://t.co/KWycnb6xDfhttps://t.co/sZwx9tUtJ8 — Tether (@Tether_to) October 16, 2024 The company compared this figure to the population […]

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ForkLog 31 11.10.2024

Bitwise Report: Crypto Market Leaders and Narratives in Q3

Analysts at Bitwise have released a global report on the crypto market for the third quarter of 2024, examining the performance of major blockchains, key trends, and significant events. “[During the reporting period] cryptocurrency prices remained unchanged. The Bitwise 10 Large Cap Crypto Index ended the quarter down 3.5%, marking one of the smallest price […]

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ForkLog 9 04.10.2024

Ethereum’s Inflation Surge Challenges Its ‘Hard Money’ Status, Says Binance

The increase in Ethereum’s issuance to a two-year high of 0.74% per annum (30 DMA) raises doubts about the cryptocurrency’s deflationary prospects and its status as ‘hard money’. This conclusion was reached by Binance, reports Cointelegraph. Experts highlighted the shift of network activity to L2, which led to a reduction in the number of transactions […]

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ForkLog 7 02.10.2024

Crypto Hackers and Scammers Steal $753 Million in Q3

In the third quarter of 2024, participants in the crypto industry suffered losses amounting to $753 million due to 155 incidents of hacks, exploits, and scams, according to data from CertiK. ? Hack3D Report: Q3 2024 ? 155 hacks, scams, and exploits drained $753,094,610 from Web3 in Q3 2024. This represents a 9.5% increase in […]

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ForkLog 18 02.10.2024

Crypto Projects Suffer $120 Million Loss from September Hacks

In September, over 20 hacker attacks resulted in losses of approximately $120.23 million for the crypto industry, according to data from PeckShield. #PeckShieldAlert September 2024 saw 20+ hacks in the crypto space, leading to ~$120.23 million in losses. (Note: The $32.4 million worth of $spWETH drained in a Permit signature #phishing is not included)#Top 10 […]

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ForkLog 5 27.09.2024

Crypto Industry Faces $413 Million Loss from Hacks and Scams in Q3

Between July and September, cryptocurrency companies experienced 34 incidents of hacks and scams, resulting in losses exceeding $413 million, according to a report by Immunefi. Losses since January have risen to $1.34 billion, which is 3.9% lower than the same period last year. Compared to the previous quarter, the figure for July-September decreased by 28%, […]

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ForkLog 35 19.09.2024

Tether Responds to Comparisons with FTX and Alameda Research

350 million users engage in transactions with USDT, and its issuer collaborates with 180 institutions across 45 jurisdictions. Such information was presented by Tether Limited. The company described the stablecoin it manages as a “cornerstone in modern financial ecosystems.” According to the issuer, Tether is committed to consumer protection and regulatory compliance. This is reflected […]

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ForkLog 31 19.09.2024

BlackRock Identifies Bitcoin as a Unique Hedge Against Global Risks

The world’s largest asset manager, BlackRock, has released a report describing the first cryptocurrency as a “unique diversifier.” The document emphasizes the historical price dynamics and the challenges of forecasting it. Experts believe that investors find it much harder to analyze cryptocurrencies compared to traditional assets. Bitcoin price dynamics since 2010 (total investment return over […]

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ForkLog 14 14.09.2024

DappRadar Reports Record Activity in Blockchain Gaming Sector

In August, the number of unique wallets interacting daily with blockchain gaming applications reached a record 4.2 million, according to a report by DappRadar experts. The segment accounted for 24% of the total dapps market, which saw 17 million daily users. Leading the way with a 29% share were AI-oriented applications like DIN and Alaya […]

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ForkLog 15 10.09.2024

SEC’s Crypto Startup Penalties Reach Record $4.7 Billion

The amount collected by the SEC from enforcement actions related to digital assets in the 2024 fiscal year surged by 3018%, reaching a record $4.7 billion. These calculations were provided by Social Capital Markets. This was primarily driven by the settlement with Terraform Labs and its former CEO Do Kwon for $4.47 billion. In the […]

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ForkLog 14 07.09.2024

US Firms Poised to Invest $10.3 Trillion in Bitcoin Over 18 Months, Says River

Over the next 18 months, approximately 10% of American companies are expected to convert 1.5% of their reserves (around $10.35 trillion) into the leading cryptocurrency, according to a report by River. See our full report with a 1-page executive summary for all the key insights https://t.co/6TxmdsOLAw — River (@River) September 4, 2024 Analysts anticipate that […]

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ForkLog 47 04.09.2024

Experts Declare 96% of NFTs ‘Dead’

Experts from NFT Evening, after analyzing 5,000 collections and 5 million non-fungible token transactions, have concluded that 96% of them are dead. This category includes NFTs with zero sales volumes, low sales over a week, and no project activity on X. According to these criteria, the trend of collectible asset demise peaked in 2023, exceeding […]

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