Orbit Bridge, an inter-blockchain bridging protocol, has confirmed that it was recently exploited, losing over $81.5 million in several assets, including USDT, DAI, USDC, WBTC, and ETH. Orbit Chain is trying to communicate with the group responsible for the attack and has asked cryptocurrency exchanges to freeze stolen assets.
Orbit Bridge Hacked, Losses Registered for Over $81.5 Million
In one…
Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction
January 3, 2024
The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged crypto asset, observed a…
New Crypto Tax Law Takes Effect in US: Transactions of $10,000 or More Must Be Reported to IRS Within 15 Days
January 3, 2024
A new tax reporting law has entered into force in the U.S. Starting on Jan. 1, all Americans receiving $10,000 or more in crypto in the course of their trade or business must file a report with the Internal Revenue Service (IRS) within 15 days. “If you don’t file a…
The sector of crypto economy dedicated to artificial intelligence (AI) has been expanding steadily, and in the past 34 days, since Nov. 29, 2023, the market capitalization of AI-focused crypto assets has surged by $1.75 billion. A majority of the leading ten AI tokens experienced substantial growth, with more than half recording gains in the double digits. Notably, the graph (GRT) emerged as the…
One of the first depictions of the Mickey Mouse character has finally entered the public domain, and it is now immortalized in a non-fungible token collection. A limited edition of 2,000 NFTs featuring the famous mouse in one of its first animated shorts, “Steamboat…
The expected approval of spot bitcoin exchange-traded funds (ETFs) applications by the U.S. Securities and Exchange Commission will see the top crypto asset’s price jumping to $50,000 in January, the latest market preview by Matrixport has predicted. The crypto financial…
Start 2024 with a $401 discount on the folding HeyBike e-bike, plus deals on other EVs and electric tools
January 3, 2024
Don’t think you have room for an e-bike? This affordable HeyBike model will prove you wrong thanks to its folding design that clocks in at $401 off. Complete with a 48-mile range and 20 MPH top speed, it falls to $799 alongside a deep New Year’s discount on this electric motorbike from Hover-1 as well as all of the other new Green Deals to kick off 2024.
Head below for other New Green Deals…
The world’s largest ultra-high-altitude wind farm came online on January 1 in Tibet, or what China now refers to as the Xizang Autonomous Region.
The 100-megawatt (MW) wind farm is at an altitude of 4,650 meters (15,256 feet) in the Seni District. A wind farm built at…
New Porsche Taycan smokes Tesla Model S Plaid record, is it the next electric hypercar?
January 3, 2024
A new Porsche Taycan is expected to be unveiled soon. Ahead of its release, Porsche tested the pre-series Taycan out at the Nurburgring. The new Porsche Taycan lapped the Nurburgring 26 seconds quicker than the current version, topping the Tesla Model S Plaid by a whopping…
Rivian (RIVN) stock is down Tuesday after releasing Q4 and full-year 2023 results. Despite beating its 2023 production goal, Rivian’s deliveries fell short of Wall St’s expectations. Rivian said it expected a gap between deliveries and production due to Amazon limiting EDV intake during the holiday season.
Rivian stock falls after Q4 deliveries miss expectations
Rivian produced 17,541…
