According to a report by Immunefi, cryptocurrency losses due to hacks and rug pulls amounted to over $473 million across 108 incidents in 2024. In May alone, $52 million was stolen, with Gala Games and SonneFinance being the hardest hit, losing $21 million and $20 million respectively.
Read MoreAvalanche (AVAX) is set to reduce the barriers to entry for launching a new subnet, aiming to attract more game development teams. Previously, creating a subnet required teams to also become validators for the main Avalanche layer, necessitating a stake of 2,000 AVAX.
Read MoreAlex Labs, a developer in the Bitcoin layer-2 space, has outlined plans to regain community trust and restart its operations following a recent breach.
Read MoreDay 2 of Consensus 2024 promises to be just as electrifying as the first, with a lineup of panels that tackle some of the most talked-about issues in the crypto and blockchain space. Whether you're attending in person or virtually, here are the top sessions you won't want to miss:
Read MoreDavido, the Afro-pop star, has faced backlash from the Nigerian crypto community regarding his management of his recently launched meme token, DAVIDO. There are concerns within the community that he may be planning to dump the token.
Read MoreRobinhood, the stock trading app, has introduced its cryptocurrency trading application programming interface (API) for users in the United States. This move, announced on May 30, aims to attract experienced crypto traders by offering an API for automated trading strategies.
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