In 2023, the blockchain security landscape witnessed a $50 billion drop in lost crypto assets, depicting a shift towards enhanced security protocols and the maturation of the DeFi ecosystem. According to crypto security firm Hacken’s end-of-year report, last year marked a notable reduction in the scale of financial damages from hacks and scams. Total losses The post Hacked crypto funds falls 98% YoY to $1.9 billion as US leads attacks: Report appeared first on CryptoSlate.

Welcome to my new weekly column, Core Corner. This feature is focused on Core Blockchain (XCB), a layer-1 ecosystem attempting to reshape the decentralized digital landscape. Last year, I met with the chain’s core developers, CoDeTech, and produced this short documentary on the development up to that point. Since then, the team has launched the first The post A new take on Proof of Work – Core Blockchain XCB is a dark horse for 2024 appeared first on CryptoSlate.

Since finance YouTuber Andrei Jikh recently covered the so-called Bitcoin Power Model, there has been a notable debate within the Bitcoin community around its viability. Jikh opened his video entitled “2024 Bitcoin Price Prediction (CRAZY!)” by stating, “Today I want to show how a simple math rule that’s able to predict patterns of the universe has The post Is the Bitcoin Power Law model more realistic than Stock-to-Flow? appeared first on CryptoSlate.

In a move to bolster its global expansion efforts, Coinbase has enlisted George Osborne, a prominent figure in U.K. politics and finance. Osborne, known for his tenure as the U.K.’s Chancellor of the Exchequer (Treasury) from 2010 to 2016 and his contributions to the country’s economic and financial policies, joins Dr. Mark T. Esper, former The post Coinbase taps former UK Treasurer who warned of ‘run on pound’ in 2008 for Advisory Council appeared first on CryptoSlate.

Crypto and NFT payments infrastructure company Transak has partnered with Visa to integrate Visa debit capabilities into its global off-ramp service. This move increases the options for crypto-to-fiat off-ramps, allowing users in over 145 countries to convert their crypto holdings into local fiat currencies. Using a product called Visa Direct, Transak will allow the fluid The post Non-custodial fiat off-ramp now available in crypto wallets via Visa debit appeared first on CryptoSlate.