Polkadot – See the Reality https://www.seethereality.com Official Crypto News Website Fri, 07 Jul 2023 20:05:28 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.seethereality.com/wp-content/uploads/2023/03/cropped-onlinelogomaker-032123-0229-2177-32x32.png Polkadot – See the Reality https://www.seethereality.com 32 32 Over the previous decade, centralized exchanges have misplaced practically $11 billion to hackers https://www.seethereality.com/?p=35877 https://www.seethereality.com/?p=35877#respond Fri, 07 Jul 2023 20:05:28 +0000 https://www.seethereality.com/?p=35877

Since 2012 The cryptocurrency trade misplaced simply over $30 billion to hackers, greater than 30% ($10.95 billion) of which was stolen from centralized exchanges, in response to a research by blockchain safety agency SlowMist.

The safety firm reported that since 2012 till 2023 this trade has skilled 118 hacks, with the 2 most important hacks occurring in 2021. and suffered practically $5 billion in whole losses.

The information additionally exhibits that a lot of the large-scale hacks occurred throughout bullish market cycles.

Compared, hackers managed to mine lower than $1 billion immediately from blockchain networks and cryptocurrency wallets throughout this era. Sizzling wallets alone suffered 408.9 million. USD in losses, whereas blockchain networks misplaced a comparatively smaller quantity of $207.2 million to malicious actors.

The non-fungible token (NFT) trade has suffered $200 million in losses, primarily resulting from hyperlink phishing and social engineering scams.

Lastly, the Bridge Protocol hacks accounted for simply over $2 billion in whole funds stolen throughout this era.

Ecosystem losses

The information reveals that Ethereum and BNB Chain (previously Binance Good Chain) had been probably the most affected by hackers, each by way of the variety of hacks and cash misplaced.

Hackers stole $3.1 billion from the Ethereum ecosystem in 217 separate hacks. BNB Chain, alternatively, suffered a lack of $1.45 billion. USD loss in 162 totally different hacks.

Regardless of being the third largest, the EOS ecosystem misplaced a a lot smaller quantity, totaling 25.9 million. In distinction, Solana and Polygon posted vital losses of $202.7 million and $177.9 million, respectively.

Avalanche’s community was breached eight instances, leading to a complete lack of $127.7 million.

The research additionally contains information from chains reminiscent of Tron, Fantom, Polkadot and HECO. Collectively, these chains have endured lower than 50 hacks and misplaced lower than $200 million.

Lastly, the remaining $10.9 billion of the full stolen funds falls beneath the “Different” class, in response to SlowMist. This class contains all different kinds of blockchain hacks, scams, rug-pulling, and numerous types of digital theft not particularly talked about.

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The Atomic Pockets hack affected lower than 1% of month-to-month lively customers https://www.seethereality.com/?p=27667 https://www.seethereality.com/?p=27667#respond Mon, 05 Jun 2023 09:32:47 +0000 https://www.seethereality.com/?p=27667 Log in by way of entry protocol Entry Protocol is the cost wall of net 3 monetization. When customers have interaction in ACS, they’ll entry paid content material. Be taught extra > Disclaimer: By selecting to lock […]]]>

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seethereality wMarket Replace: Litecoin Re-enters High 10 Amid Broader Market Weak point https://www.seethereality.com/?p=22593 https://www.seethereality.com/?p=22593#respond Tue, 16 May 2023 12:40:45 +0000 https://www.seethereality.com/?p=22593

Within the final 24 hours, the cryptocurrency market has reached 17.6 billion.

Through the reporting interval, the market values ​​of Bitcoin (BTC) and Ethereum (ETH) fell by 1.4% and 1%, respectively, to 523.55 billion. and 218.09 billion

Many of the prime 10 crypto belongings noticed losses within the final 24 hours, excluding TRON (up 0.3 %) and Litecoin up 2.1 % to re-enter the highest 10 and oust Polkadot. The largest losers have been Solana and Polygon, with 2.4% and 1.9% respectively.

Top 10 Cryptocurrencies
Supply: seethereality.com

Tether’s market cap (USDT) rose to $82.84 billion. In distinction, USD Coin (USDC) and Binance USD (BUSD) fell to 29.80 billion respectively. and 5.56 billion USD.

Bitcoin

Within the final 24 hours, Bitcoin is down 1.4% to $27,018 as of 07:00 ET. Its market dominance remained at 46.5%.

Through the reporting interval, BTC reached a excessive of $27,660 earlier than declining to seek out help at $26,860 by Monday night (ET). A muted restoration above $27,250 led to additional spills.

Bitcoin chart
Supply: TradingView.com

Ethereum

Ethereum is down 1% within the final 24 hours, buying and selling at $1,812 as of 07:00 ET. Its market dominance fell to 19.4% from 19.7%.

Through the reporting interval, ETH trailed BTC and hit a excessive of $1,846 shortly after midday (ET) on Monday, whereas bears fell to $1,796. A subsequent rally misplaced $1,828, prompting additional promoting.

Ethereum chart
Supply: TradingView.com

High 5 earners

MiL.okay

MLK is the largest gainer of the day, rising 14.4% to USD within the final 24 hours0.38392 at press time. The venture has but to be tweeted as of April 18. Its market cap was USD108.66 million.

DAO developer

The DAO jumped 11.9% to $1.57356 within the final 24 hours. The venture not too long ago launched Tenet, the upcoming Layer 1 circuit. Its market cap was $226.5 million.

HEX

HEX is up 9.7% in opposition to the USD within the final 24 hours0.03487 at press time. PulseChain mainnet launched on Could thirteenth. Present actions are centered on switching belongings to the brand new circuit. Its market cap was 6.05 billion.

Conflux Community

CFX rose 9% to USD0.31291 at press time. The token was at its peak yesterday resulting from current curiosity in Conflux’s incubating venture, Flux Hearth. In the present day it was introduced that Mildew Finance will likely be shifting into the Conflux ecosystem. Its market cap was $900.91 million.

Ontology

ONT rose 7.7% to commerce at $USD0.21919 deal with time of writing. Node API firm GetBlock has partnered with Ontology. Its market cap was $191.84 million.

High 5 losers

Open the campus

EDU is the largest loser of the day, falling 10.1 % $1.18428 on the time of writing. The venture introduced a $10 million world educator fund for content material creation grants. The token was the largest gainer of yesterday. His the market cap was $171.86 million.

Telcoin

TEL fell 9% to commerce at $USD0.00172. The cell funds platform stated USDC deposits and EUR withdrawals at the moment are out there. its market cap was $115.41 million.

OriginTrail.

TRAC fell 8.4% to commerce at USD0.26243 how press time. Could 15 the workforce held a particular tech AMA. Her 12 monthsarket cap was $103.29 million.

XinFin

XDC misplaced 6.9% to $0.03138 through the reporting interval. its market cap was $434.19 million.

UMA

UMA fell 6.5% to USD2.20875 through the reporting interval. Optimistic UMA oracle was carried out in Coinbase’s Layer 2 venture base. its market cap was $157.49 million.

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seethereality wMarket Replace: False US Govt Bitcoin Sale Rumors Result in Small Selloff https://www.seethereality.com/?p=21324 https://www.seethereality.com/?p=21324#respond Thu, 11 May 2023 11:46:24 +0000 https://www.seethereality.com/?p=21324

Over the previous 24 hours, the cryptocurrency market cap has seen a web outflow of round $10 billion. USD and at the moment stands at USD 1.13 trillion, down 0.36% from USD 1.14 trillion.

Throughout this era, the market worth of Bitcoin (BTC) and Ethereum (ETH) decreased by 0.50% and 1.06% to 531.38 billion respectively. and 219.29 billion

The entire high 10 crypto property have seen losses previously 24 hours Polkadot, BNB and Cardano with minimal features.

CryptoSlate wMarket update
Supply: seethereality

Tether’s market cap (USDT) rose to $82.66 billion. In distinction, USD Coin (USDC) and Binance USD (BUSD) fell to 30.12 billion respectively. and 5.76 billion USD.

Bitcoin

Within the final 24 hours, Bitcoin is down 0.51% to $27,472 as of 07:00 ET. Its market dominance remained diminished to 46.9% from 47%.

Throughout the reporting interval, the value of BTC fell sharply to $26,883 after crossing the $28,000 degree. The flagship asset sell-off was fueled by false rumors that the US authorities was shifting its holdings.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

Ethereum is down 1.13% within the final 24 hours, buying and selling at $1,823 as of 07:00 ET. Its market dominance fell to 19.3% from 19.5%.

ETH mirrored BTC’s worth efficiency, dropping to $1,795 earlier than rallying to present ranges.

CryptoSlate wMarket update
Supply: Tradingview

High 5 earners

Aragon

ANT is the largest gainer of the day, rising 17.3% in opposition to the USD within the final 24 hours3.24027 at press time. The token has gained 12% previously seven days. Its market cap was 129.71 million.

Hex

HEX rose 15.06% to USD0.06680 at press time. HEX founder Richard Coronary heart says PulseChain will launch in seven days. Its market cap was 11.58 billion.

Liquidity

LQTY rose 7.2% to commerce at $USD1.27271 deal with time of writing. The Ethereum-based token is down 26% previously week. Its market cap was 214.96 million.

Open the campus

EDU jumped 6.8% to USD1.12873 within the final 24 hours. A decentralized schooling protocol was applied within the Dalton Studying Lab as we speak. Its market cap was 163.8 million.

aelf

ELF is up 6.86% in opposition to the USD within the final 24 hours0.29884 at press time. Its market cap was 117.05 million.

High 5 losers

Pepe

PEPE is the largest loser of the day, down 14.64% to commerce at USD0.0000016307 on the time of writing. The high-flying meme coin has misplaced greater than $1 billion in market worth previously seven days. His the market cap was 640.64 million.

tomiNET

TOMI fell 8.23% and traded at USD4.05133. Regardless of as we speak’s cashout, the token is up greater than 73% previously month. its market ceiling reached 160.6 million.

Bitcoin SV

BSV was down 7.78% and traded at USD35.7792 as press time. Controversial Token Might 9 rose 33%. His yrarket cap was 689.32 million.

Radix

XRD misplaced 6.41% to $0.07189 through the reporting interval. The good contract community has elevated by 30% within the final 30 days. its market cap reached 730.97 million.

Bitcoin Money

BCH fell 5.13% to $114.177 through the reporting interval. it market cap was 2.21 billion.

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seethereality wMarket Replace: Bitcoin Holds $27,000 As Community Charges Rise https://www.seethereality.com/?p=20655 https://www.seethereality.com/?p=20655#respond Tue, 09 May 2023 11:51:35 +0000 https://www.seethereality.com/?p=20655

Over the previous 24 hours, the cryptocurrency market cap has seen a web outflow of round $20 billion. USD and at present stands at USD 1.14 trillion, down 1.16% from USD 1.16 trillion.

Throughout this era, the market worth of Bitcoin (BTC) and Ethereum (ETH) decreased by 1.31% and 0.85% to 534.37 billion respectively. and 221.6 billion

Excluding Tron, the highest 10 cryptocurrencies recorded losses within the final 24 hours. The most important losers had been Polygon, Solana and Polkadot, which had been down greater than 2 % respectively.

CryptoSlate wMarket update
Supply: seethereality

Tether’s market cap (USDT) rose to $82.39 billion. In distinction, USD Coin (USDC) and Binance USD (BUSD) fell to 30.24 billion respectively. and 5.97 billion USD.

Bitcoin

Within the final 24 hours, Bitcoin is down 1.24% to $27,609 as of 07:00 ET. Its market dominance remained at 46.9%.

Throughout the reporting interval, BTC continued to commerce round $27,000 amid considerations over rising community charges. The property reached $27,310.

CryptoSlate wMarket updTe
Supply: TradingView

Ethereum

Within the final 24 hours, Ethereum is down 2.43% to $1858 as of 07:00 ET. Its market dominance elevated to 19.4%.

ETH mirrored BTC’s value efficiency, reaching $1,876 through the reporting interval.

CryptoSlate wMarket updTe
Supply: TradingView

High 5 earners

Bitcoin SV

BSV is the largest gainer of the day, rising 32.26% to USD within the final 24 hours0.17221 at press time. As considerations over BTC community congestion points have grown, the blockchain community’s native token has grown. Its market cap was 779.01 million.

Bitget Token

BGB traded up 17.42% to USD0.46661 at press time. The change token has gained 18% up to now seven days. Its market cap was 653.26 million.

tomiNET

TOMI is on the checklist of hottest gamers for the second day in a row. It has risen 14.33% to $4.11 within the final 24 hours at press time. Its market cap was 163.16 million.

Espresso

RAD rose 8.28% to $0.77 time of writing. Its market cap was 394.63 million.

Lido Dao Token

LDO rose 8.2% to $1.87 within the final 24 hours. Its market cap was $1.65 billion.

High 5 losers

RSK infrastructure construction

RIF is the largest loser of the day, down 18.81% to commerce at USD0.13 on the time of writing. its market cap reached 136.22 million.

Radicle

RAD fell 16.4% to commerce at $USD2.62. Regardless of at present’s cashout, the token is up greater than 40% up to now month. its market cap reached 130.56 million.

Pepe

PEPE fell 15.15% to $0.0000019 at press time. The fast-floating memecoin is experiencing a significant selloff as traders start to take income. Her 12 monthsarket cap was 772.25 million.

WOO community

WOO fell 14.71% to $0.22 through the reporting interval. its market cap was 385.38 million.

Core

CORE misplaced 13.2% to $0.90 through the reporting interval. The EVM appropriate blockchain is down greater than 40% within the final 30 days. its market cap reached 100.6 million.

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seethereality wMarket Replace: Bitcoin Falls to $27,000 As a consequence of Community Congestion Points https://www.seethereality.com/?p=20357 https://www.seethereality.com/?p=20357#respond Mon, 08 May 2023 11:53:02 +0000 https://www.seethereality.com/?p=20357

Because the final market replace, the cryptocurrency market cap has grown by greater than $30 billion. USD and presently stands at USD 1.16 trillion, down 2.72% from USD 1.19 trillion.

Over the previous 24 hours, Bitcoin (BTC) and Ethereum (ETH) have misplaced 3.1% and a pair of.35% in market worth to $541.42 billion, respectively. and 223.85 billion

The highest 10 cryptocurrencies recorded losses within the final 24 hours, falling by greater than 2% respectively.

The most important losers had been Bitcoin, XRP, Cardano, Polygon, Solana and Polkadot, which misplaced greater than 3%.

CryptoSlate wMarket update
Supply: seethereality

The market capitalization of Tether (USDT) and USD Coin (USDC) rose to $82.18 billion respectively. and 30.39 billion USD. In distinction, Binance USD (BUSD) fell to five.97 billion.

Bitcoin

Within the final 24 hours, Bitcoin is down 3.18% to $27,942 as of 07:00 ET. Its market dominance decreased to 46.9%.

Over the weekend, BTC noticed a spike in uncooked transactions as a result of community congestion. This pressured Binance to droop withdrawals twice inside 24 hours of the change, citing excessive gas charges.

Glassnode famous the “very excessive demand for block area” brought on by BRC-20 tokens.

CryptoSlate wMarket update
Supply: Tradingview

Ethereum

Within the final 24 hours, Ethereum is down 2.43% to $1858 as of 07:00 ET. Its market dominance elevated to 19.4%.

Deposits of ETH on exchanges rose to an 18-month excessive over the weekend as PEPE buyers parlayed their good points into the digital asset. Like BTC, the blockchain community’s gasoline charges have additionally risen to new heights with the current memecoin craze.

CryptoSlate wMarket update
Supply: Tradingview

High 5 earners

RSK infrastructure construction

RIF is the most important gainer of the day, rising 40.08% to USD within the final 24 hours0.17221 at press time. The third layer, constructed on prime of Bitcoin, has gained curiosity as a result of community congestion preventing the flagship digital asset. Its market cap was 165.33 million.

tomiNET

TOMI has gained 11.26% to USD within the final 24 hours3.56926 at press time. Its market cap was 141.49 million.

Stacks

STX rose 10.62% to USD0.77470 at press time. Because of the rising demand for Ordinals, the BTC layer2 community’s market cap has regained the $1 billion mark. Its market cap was 1.07 billion.

Radicle

RAD rose 10.53% to commerce at $USD3.11719 deal with time of writing. The token continues to carry out positively, gaining 64% within the final 30 days. Its market cap was 155.33 million.

MX token

MX gained 5.82% to USD2.92006 within the final 24 hours. Its market cap was 292.01 million.

High 5 losers

Bitgert

BRISE is the most important loser of the day, down 12.9% to commerce at USD0.13080 on the time of writing. Over the previous week, the change’s token has seen a minimal sell-off, down 13%. its market cap was 130.37 million.

Uma

UMA fell 12.88% and traded at $USD0.87442. Regardless of at present’s lending, the decentralized monetary contract platform is up greater than 30% prior to now week. its market cap was 191.31 million.

Core

CORE misplaced 12.45% to $1.03664 throughout the reporting interval. The EVM appropriate blockchain is down greater than 30% within the final 30 days. its market cap reached 115.52 million.

SUI

SUI fell 11.7% to commerce at USD1.14938 at press time. The Layer 1 blockchain has skilled vital volatility for the reason that launch of the mainnet, dropping over 70%. Her 12 monthsarket cap was 607.19 million.

DeFiChain

DFI fell 10.99% to USD0.40535 throughout the reporting interval. its market cap was 282.55 million.

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Deloitte Switzerland collaborates with the Polkadot KILT protocol https://www.seethereality.com/?p=19658 https://www.seethereality.com/?p=19658#respond Thu, 04 May 2023 18:39:41 +0000 https://www.seethereality.com/?p=19658
  • The KILT protocol developed by Polkadot is a blockchain-based id verification platform.
  • Many monetary establishments nonetheless use time-consuming and costly guide checks.

Deloitte Switzerland has partnered with Polkadot’s KILT protocol to enhance its know-your-customer (KYC) resolution. This new curiosity in blockchain know-how to enhance compliance procedures is especially related for the banking sector.

Apparently, utilizing blockchain to confirm Know Your Buyer can drastically cut back prices, pace up operations, and improve safety.

Polkadot’s KILT protocol is a blockchain-based id verification platform that ensures the privateness and safety of person data. Every person of the platform has their very own digital id. Resulting from Decentralized Identifiers (DIDs), this may be shared with functions and companies.

KYC is made easy and safer

The KILT protocol makes use of blockchain know-how to make sure that personal data is safe and accessible solely to those that want it. Deloitte Switzerland’s software of the KILT protocol to its Know Your Buyer resolution exhibits how blockchain know-how will help remedy a few of the key challenges dealing with compliance professionals. The corporate is well-known for its curiosity in cryptocurrency-related applied sciences.

Notably, many monetary establishments nonetheless use time-consuming and costly guide checks and paperwork as a part of their know-your-customer (KYC) processes.

Errors and delays result in buyer dissatisfaction and lowered income. Deloitte Switzerland can enhance the effectivity of its Know Your Buyer (KYC) procedures and cut back the prospect of errors or fraud by implementing the KILT protocol.

Equally, the platform facilitates quick and safe switch of delicate data between customers. Consequently, monetary establishments could cut back assets whereas persevering with to adjust to all relevant rules. Making use of Blockchain know-how to Know Your Buyer (KYC) procedures can enhance privateness along with effectivity and safety.

Advisable for you:

Mythic Video games has left Ethereum to launch its new ecosystem, Polkadot.

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