Reports | ForkLog

ForkLog 46 29.08.2024

Crypto Industry Faces Over $1.2 Billion Loss from Hacks and Fraud in 2024

Since the beginning of 2024, the crypto industry has suffered losses exceeding $1.2 billion due to hacks and fraud across 154 incidents. This figure surpasses last year’s eight-month total by 15.5%, according to experts at Immunefi. They noted that this increase occurred despite a 95% reduction in losses in August, amounting to only $15.1 million […]

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ForkLog 122 29.08.2024

Nvidia’s Earnings Surpass Expectations, Yet Shares Decline

Nvidia reported revenue of $30.04 billion for the second quarter, exceeding the anticipated $28.7 billion, yet the company’s shares fell by 7% in after-hours trading. Nvidia’s stock performance following the quarterly report. Data: Yahoo Finance. “Better than expected is not good enough for Nvidia. Clearly, investors expect this company to exceed expectations,” remarked market commentator […]

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ForkLog 17 28.08.2024

PolitiFi Tokens Surpass Meme Coins with 782% Growth This Year

In 2024, the “political coins” category, known as PolitiFi, has significantly outpaced the growth of the entire meme coin segment, achieving a 782.4% increase in market capitalization compared to 90.2% for meme coins. This was highlighted by CoinGecko. How did PolitiFi coins perform against meme coins? ? Our study shows that the PolitiFI coins category […]

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ForkLog 17 26.08.2024

Bernstein Highlights Institutional Interest in Bitcoin Miners

Institutional investors are drawn to mining companies for their potential in the AI sector, yet they may ultimately benefit unexpectedly from a cryptocurrency bull run. This is reported by Decrypt, citing a Bernstein report. “If our forecast of a $200,000 Bitcoin price proves accurate, investors will come for AI but may end up enjoying the […]

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ForkLog 40 22.08.2024

Report: 77% of Hacked Cryptocurrencies Fail to Recover in Value

Most hacked cryptocurrencies struggle to regain their value post-exploit, according to a report by Immunefi, as reported by Cointelegraph. Over 77.8% of projects attacked by hackers experienced a sustained negative impact on the price of their native coins for six months following the incident. Moreover, 51.1% of such tokens lost more than 50% of their […]

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ForkLog 10 16.08.2024

Bernstein Sees Bright Future for Public Bitcoin Miners

Analysts at Bernstein have rated the shares of mining companies Riot Platforms, CleanSpark, IREN, and Core Scientific as outperforming the market. This was reported by The Block. This rating suggests a forecast of above-average growth for these firms, with an investment recommendation to buy. The prospects for the securities of MARA were deemed by experts […]

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ForkLog 18 16.08.2024

Chainalysis Reports Shift in Cybercriminal Focus from DeFi to Centralized Exchanges

In the first half of the year, cybercriminals stole nearly $1.6 billion in cryptocurrencies, increasingly targeting centralized exchanges (CEX), according to Chainalysis. ? Part 1 of our mid-year #cryptocrime update is here! ? Illicit on-chain activity dropped by nearly 20% YTD, but stolen fund activity is surging and ransomware payments are breaking records. Read our […]

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ForkLog 8 14.08.2024

Goldman Sachs and DRW Reveal Crypto ETF Holdings

Investment bank Goldman Sachs and trading firm DRW Holdings have disclosed in their filings to the SEC the addition of cryptocurrency-related exchange-traded funds to their portfolios. As of the end of July, the former institution held shares in spot BTC-ETFs from BlackRock, Fidelity, Grayscale, Invesco Galaxy, Bitwise, WisdomTree, and Ark 21Shares, valued at $418.7 million. […]

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ForkLog 12 12.08.2024

Solana and XRP Lead July’s Crypto Market Rally

In July, Solana and XRP surged by 30.5% and 27.6% respectively, while the market capitalization rose by 6.1%. TVL in the DeFi segment increased by 3.5%, whereas NFT sales decreased by 7.14%. Binance maintained its lead in trading volumes among centralized exchanges, despite a decline in figures. By the end of July, the price of […]

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ForkLog 14 08.08.2024

Robinhood’s Cryptocurrency Trading Revenue Soars 161% in Q2

The online broker Robinhood reported $81 million in revenue from cryptocurrency trading for the April-June period. This figure marks a 161% increase compared to the second quarter of the previous year and is double the revenue generated from stock-related metrics ($40 million). The largest source of revenue for the company remained options trading, which brought […]

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ForkLog 17 02.08.2024

CertiK Reports $278.8 Million Loss in Cryptocurrency Incidents for July

In July, cryptocurrency projects suffered losses amounting to $278.8 million due to malicious activities — the second largest figure in 2024, according to calculations by CertiK. #CertiKStatsAlert ? Combining all the incidents in July we’ve confirmed ~$270.9m lost to exploits, hacks and scams after ~$7.8m was returned. The amount is the second highest monthly loss […]

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ForkLog 21 02.08.2024

MicroStrategy Acquires $805 Million in Bitcoin in Q2

MicroStrategy has expanded its Bitcoin holdings by acquiring an additional 12,222 BTC for $805 million in the second quarter, bringing its total reserves to 226,500 BTC (~$14.7 billion). This was revealed in the firm’s report. Over the past three months, the company reported a loss of $5.74 per share with quarterly revenue of $111.4 million—a […]

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