Altcoin News by Thebittimes.Com

Polkadot (DOT) recently set a new record when it comes to the speed of minting non-fungible tokens (NFTs), according to the latest information shared with Finbold.  The massive mint was completed on Polkadot’s parachain, Unique Network, and created 4930 NFTs each minute. In total, the blockchain went through three batches of 100,000 new non-fungible tokens as part of the comprehensive speed and efficacy test. Polkadot hopes that the layer-0’s performance will position it as an attractive network for Web3 gaming projects and will introduce Web2-type instant gratification to its users. Commenting on the achievement, the CEO of Unique Network, Aleksandar Mitrovic, expressed his enthusiasm for Polkadot’s abilities: Cryptocurrency 3 cryptocurrencies to turn $10 into $100 Cryptocurrency Is Jerome Powell advising investors to buy Bitcoin? Cryptocurrency Machine learning algorithm sets Cardano (ADA) price on February 29, 2024 ...

North Korea-linked hackers stole nearly $430 million from decentralized finance and also targeted centralized services, exchanges, and wallet providers in 2023. Chainalysis, a blockchain forensic firm, says North Korea-affiliated hacking groups hit record in terms of attempted attacks against decentralized finance (defi) as well as centralized platforms like exchanges in 2023. According to the firm’s latest report, hacking groups Kimsuky and Lazarus Group have deployed 20 successful attacks against various platforms, netting around $1 billion worth of crypto in 2023, a 41.7% decrease in terms of stolen money compared to 2022. Value stolen by DPRK-linked hacking groups | Source: Chainalysis You might also like: US, South Korea and Japan collaborate to tackle North Korea cyberattacks While the hacking groups made approximately $428.8 million by attacking defi protocols, centralized services also fell victim, resulting in a loss of $150 million. Exchanges were not ...

OpenSecrets researchers have found that the cryptocurrency industry is on track to set a new record for federal lobbying spending. The record spending comes after a year in which firms struggled to rebuild their reputations and push for friendlire legislation, according to Reuters. In total, cryptocurrency firms spent $18.96 million over the three quarters of 2023. However, during the same period in 2022, $16.1 million was spent. In total, firms spent nearly $22 million on lobbying in 2022, including the failed crypto exchange FTX. Coinbase (COIN.O), the largest US crypto currency exchange, again topped the list with $2.16 million spent, followed by Foris DAX, which operates Crypto.com, Blockchain Association and Binance Holdings. You might also like: Coingecko: Coinbase tops crypto lobbying spenders in 2023 Experts point out that cryptocurrency companies are partly trying to improve their reputation after a string of scandals last year, including the collapse of FTX...

Bitcoin addresses holding up to 10 BTC have been accumulating record amounts of BTC in the aftermath of the FTX collapse. Some non-whale Bitcoin (BTC) investors seem to have had zero issues with the cryptocurrency bear market as well as fear, uncertainty and doubt (FUD) around the fall of FTX, on-chain data suggests. Smaller retail investors have turned increasingly bullish on Bitcoin and started accumulating more BTC despite the ongoing market crisis, according to a report released by the blockchain intelligence platform Glassnode on Nov. 27. According to the data, there are at least two types of retail Bitcoin investors that have been accumulating the record amount of BTC following the collapse of FTX. The first type of investors — classified as shrimps — defines entities or investors that hold less than 1 Bitcoin ($16,500), while the second type — crabs — are a category of addresses holding up to 10 BTC ($165,000). “Shrimp” investors have reportedly added 96,200 BTC ($1,6 billion) ...