Reports | ForkLog

ForkLog 41 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 19 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 14 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 15 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 19 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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ForkLog 106 01.08.2024

Meta’s Metaverse Losses Surpass $50 Billion

In its second-quarter report, Meta disclosed a $4.48 billion loss for its metaverse division, Reality Labs. The cumulative losses of the division since the end of 2020 are estimated to exceed $50 billion, including: 2020 — over $6 billion; 2021 — $10 billion; 2022 — $13 billion; 2023 — $16 billion. “A few years ago, […]

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ForkLog 27 01.08.2024

Tether’s Net Profit Reaches $5.2 Billion in First Half of 2024

The company behind the USDT stablecoin, Tether, reported a record net profit of $5.2 billion for the period from January to June. According to the report, operating profit amounted to approximately $1.3 billion, primarily from interest income on US Treasury bills. Direct investments in these instruments exceeded $80.9 billion, and including cash and other equivalents, […]

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ForkLog 9 30.07.2024

Crypto Industry Losses to Hackers and Scammers Surpass $1 Billion in 2024

Since the beginning of 2024, cryptocurrency companies have faced 149 incidents of hacks and fraud, resulting in losses exceeding $1.19 billion. This is according to a report by Immunefi, as reported by The Block. In July, hackers obtained $269.4 million through 14 incidents, making it the second most damaging month after May. The majority of […]

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ForkLog 11 29.07.2024

TRM Labs Highlights Dominance of Russian-Speaking Crypto Hackers

Russian-speaking hackers from the CIS countries have become a “ubiquitous force” in international cybercrime related to digital assets, according to a report by TRM Labs. The study indicates that Russian-speaking perpetrators are responsible for at least 69% of ransomware revenues, amounting to over $500 million in 2023. Share of Russian-speaking hackers. Data: TRM Labs. The […]

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