As crypto prices fall, fund investors remain bearish with record weekly outflows from digital asset investment products totaling $207 million in the seven days through Jan. 7.The spate of redemptions adds to the pressure on the market that began in mid-December, bringing the four-week outflow total to $465 million.Investment funds focused on bitcoin, the world’s largest … [Read more...] about Digital Asset Funds Hit by Record Weekly Outflows of $207M
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Crypto Crime Hit All-Time High of $14B in 2021 as Prices Climbed: Chainalysis
Scams accounted for the lion’s share of crime in 2021, rising 82% to reach $7.8 billion. According to Chainalysis’ report, nearly $3 million of that total came from rug pulls, which are an increasingly popular crypto scam where developers build legitimate-looking projects, load their pockets and then disappear. Source link … [Read more...] about Crypto Crime Hit All-Time High of $14B in 2021 as Prices Climbed: Chainalysis
Solana hit with another network incident causing degraded performance
The Solana blockchain has suffered a third incident in just a few months that clogged the network and caused transactions to fail, with users debating whether it was caused by another DDos attack or if it was just network issues.The scale and nature of the incident is hard to ascertain, with Coinbase, Wu Blockchain and Redditors reporting there had been an incident causing the … [Read more...] about Solana hit with another network incident causing degraded performance
Digital Asset Funds Hit by Record $142M of Outflows
Following a 17-week run of inflows, outflows from cryptocurrency funds totaled $142 million during the seven days through Dec. 17, according to CoinShares, a digital-asset manager that compiles the industry data. The largest previous outflow on record was in early June, when net redemptions surged to $97 million. Source link … [Read more...] about Digital Asset Funds Hit by Record $142M of Outflows
Solana reportedly hit by DDoS attack but network remains online
Solana's blockchain performance was reportedly hit by a distributed denial of service (DDoS) attack over the past 24 hours, however the network appears to have remained online throughout.A DDoS attack generally refers to a large number of coordinated devices, or a botnet overwhelming a network with fake traffic to take it offline. This wouldn't be the first time Solana has … [Read more...] about Solana reportedly hit by DDoS attack but network remains online