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Why is Bitcoin price down today?

Bitcoin price is down today as traders begin to realize profits ahead of the long-awaited spot ETF decision.

Crypto hacks cost over $1.8B in 2023, ENS token surges: Finance Redefined

Web3 hacks and scams cost the ecosystem $1.83 billion in 2023 despite dropping by half from 2022.

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Why a gold rush for inscriptions has broken half a dozen blockchains

Some suggest EVM inscriptions are the latest way for retail traders to access low-cap coins, while others argue it’s an over-hyped fad. Whatever it is, it’s clogging up the blockchain.

Zilliqa on-chain transactions plunge amid ‘technical issue’

“We are still investigating & we should be able to share an update soon,” wrote a Zilliqa community moderator.

Unofficial Arweave forking plans draw community controversy

A hard fork proposed by Arweave’s largest layer-2 solution, Irys, is allegedly in the making.

BlockShow unites with BlockDown for a crypto festival in Hong Kong

BlockShow marks its return to in-person conferences by joining forces with BlockDown to bring a crypto festival to an iconic Hong Kong location in May 2024.

OKX NFT Marketplace tops Blur and OpenSea in daily trading volume

OKX NFT Marketplace recorded a 24-hour trading volume of $50 million on Dec. 18, surpassing its competitors in the NFT space.

Trader gambles $226K on Solana memecoin, hits $1.69M in 5 days

Another dog-themed crypto token comes into the limelight as the Solana memecoin frenzy continues.

Blockchain-based private loans hit $582M, doubling from 2022

The average APR offered by blockchain credit protocols is 9.65% compared to an average personal loan interest rate of 11.5%, data shows.

Can crypto mixers adapt to survive US authority prosecution?

Cryptocurrency mixers face a dilemma between preserving financial privacy freedom or embracing increased compliance measures to avoid U.S. scrutiny.

Aurory’s USDC pool drained on Arbitrum’s DEX Camelot

According to initial reports and on-chain data, the attack targeted Aurory's SyncSpace bridge, draining nearly 80% of the AURY-USDC pool's liquidity.

Palau advances CBDC with Ripple in Phase 2 of PSC program launch

Phase 2 of the PSC program will prioritize the development of a digital ecosystem and increased user engagement, emphasizing adherence to regulatory compliance.

BlackRock revises BTC ETF filing, El Salvador’s crypto citizenship trending, and more: Hodler’s Digest, Dec. 10-16

BlackRock updates its Bitcoin ETF application to enable banks, demand for El Salvador’s crypto-linked citizenship, and Sam Bankman-Fried’s attorney interview.

Ripple’s Legal Chief predicts crypto landscape shifts in 2024

Stuart Alderoty predicts the possible resolution of Ripple’s SEC lawsuit in 2024 and lawmakers on Capitol Hill agreeing on the need for crypto regulations.

Ledger vulnerability put entire DApp ecosystem at risk: Finance Redefined

The Ledger connector vulnerability put the entire DeFi ecosystem at risk, with market experts asking users to remain cautious of using DApps even after Ledger released a patch.

Arbitrum network went offline for 78 minutes because of inscriptions

The Arbitrum One network stalled at 10:29 am ET (13:29 UTC), according to an alert issued by the network's status page.

Ledger attack shows company ‘learned nothing’ after multiple breaches: ENS developer

Members of the crypto community shared their sentiments about the Ledger Connect exploit a day after the hack.

Ethereum community adopts ERC-3643 as standard for compliant asset tokenization

The ERC-3643 Ethereum Improvement Proposal reached its final stage, emerging as a recognized standard for tokenizing real-world assets.

What are stealth addresses, and how do they work?

Stealth addresses in cryptocurrencies act like secret codes for transactions, providing enhanced privacy by generating unique addresses for each payment.

US corporate interest in crypto strong despite implementation hurdles

Ninety-nine percent of the respondents to a Paxos survey said their company had put an equal or greater focus on crypto and blockchain projects in 2023 than in previous years.

SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy

The SafeMoon token nosedived as it was revealed the company behind it had filed for bankruptcy, but it has regained slightly since.

a16z reveals lobbying plan: Throw money at tech-forward politicians

Ben Horowitz, one of the firm’s founders, has pledged to support any politician that helps push crypto and AI technology forward.

Web3 firm sees future where gamers rent out their in-game assets for crypto

Polemos co-founder Richard McLaren believes the future of blockchain gaming will involve gamers and developers renting out their in-game NFTs for profit.

Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express

Korean crypto firm pulls off the biggest raise in Asia this year, AI market in China is now worth $1.4T, and Huobi trademark court battle.

Ledger CEO explains hack, calls it ‘isolated incident’

CEO and chairman Pascal Gauthier says the company is working with law enforcement to “find this bad actor, bring them to justice.”

Security engineer pleads guilty to Nirvana Finance exploit and one other hack

Shakeeb Ahmed was arrested for hacking an unspecified DEX, and then admitted to the Nirvava Finance hack too.

Ledger breach possibly affecting whole EVM ecosystem — Linea

Wallet provider MetaMask was also affected by the incident. Ledger released a patch to resolve the issue but warned users to wait 24 hours before using its connector library again.

Decentralized applications pause Ledger Connect as exploit fix deployed

Ledger has since attributed the exploit to a phishing attack on a former employee.

Ledger attacker drained at least $484K

The hacker behind the attack on Ledger's connector library had stolen at least $484,000, according to blockchain analysis platform Lookonchain.

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