Web3 promised us a new era of privacy and security, but a series of recent major hacks make all that look like a lie.
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DAO Treasuries Tumble $3.1 Billion Over Past Month
The total value of assets under management held by decentralized autonomous organizations (DAOs) has fallen by $3.1 billion in the past month—with more than a third of that sum in just the past week. According […]
Bitcoin Falls to Two-Year Low as Market Reels From FTX Fallout
The price of Bitcoin is now below $17,000—the first time that the asset has dropped that low since November 2020. It’s been a volatile week for crypto assets, as the market reacts to the news […]
Bitcoin Dips Below $20,000 as Crypto Market Pressure Intensifies
Bitcoin has once again slumped below the psychological mark of $20,000 on Wednesday morning, a level last seen on June 22. At the time of writing, the leading cryptocurrency is trading at $19,998, down 5.27% […]