Day: January 30, 2025
Cryptocurrency Hack Losses Decreased by 44.6% Year-over-Year in January
A recent report from Immunefi, a platform specializing in Web3 bug bounties and security services, details the cryptocurrency industry’s losses from hacking incidents in January 2025. Significant Increase in Monthly Losses The industry faced losses totaling $73.9 million from 19 different hacking events. This figure represents a staggering ninefold increase compared to the previous month.
Bitcoin continues its upward trend following the Fed meeting and Powell’s comments
Bitcoin continues to rise following the Federal Reserve’s (FED) recent monetary policy meeting and President Jerome Powell’s remarks on cryptocurrency regulation. Market Performance The leading digital asset increased by 1% at the opening of Asian markets, reaching around $105,000. Since the U.S. market opened, Bitcoin has gained 3.5%. Smaller tokens like Ether and Solana also
Trump’s coin will be used for buying and selling products
Donald Trump is expanding his cryptocurrency presence by allowing the use of the meme coin TRUMP for product purchases. Launched on January 17, TRUMP can now buy items like sneakers, watches, and perfumes from websites linked to Trump’s businesses, such as GetTrumpSneakers.com, GetTrumpWatches.com, and GetTrumpFragrances.com. These sites also accept Bitcoin and belong to CIC Ventures