Crypto Hacks and Exploits Peak Year-to-Date in July: Report
The cryptocurrency sector experienced a surge in money lost through hacks and exploits, hitting a year-to-date peak in July, with losses amounting to USD $303 million. Security platform Certik provided insights into the alarming increase in cyberattacks on the blockchain technology industry. Story on Finance Magnates.
Flashbots becomes unicorn after completing $60 million raise
Flashbots, a prominent company in the blockchain space, secured a staggering $60 million in its Series B funding round. The participants included leading venture capital firms, Layer-2 networks, angel investors, decentralized exchanges, and apps, contributing to the company's new unicorn status, according to an email sent to The Block.
Bitcoin mining update: Stocks cool off, miners send BTC to exchanges to prep for halving
In anticipation of the BTC block reward halving scheduled for April 2024, Bitcoin miners are strategically sending BTC to exchanges. The decline in Bitcoin's price has impacted miner profitability, and the mining difficulty reached an all-time high, posing new challenges for miners. Article on CoinTelegraph.
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