Ethereum blockchain – DIGIT INFO

On-chain messages on Ethereum uncover tales of love, loss and scams

DIGIT — Tue, 28 May 2024 05:21:04 +0000

“I feel kinda pathetic reaching out to you this way, but what can I do,” one hopeless romantic told their ex-lover in an on-chain message.

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$25M Sophisticated Ethereum Blockchain Exploit Leads to Arrests in US

DIGIT — Thu, 16 May 2024 23:00:58 +0000

The U.S. Department of Justice (DOJ) has indicted two brothers for wire fraud and money laundering. They allegedly exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Using sophisticated techniques, they manipulated transactions and concealed their identities. If convicted, each faces up to 20 years in prison for each count. DOJ […]

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Tornado Cash Developer Alexey Pertsev Sentenced to 64 Months for Money Laundering

DIGIT — Tue, 14 May 2024 14:30:09 +0000

A Dutch court has sentenced Tornado Cash developer Alexey Pertsev to five years and four months in prison for laundering $2.2 billion through the cryptocurrency mixing service. The case represents a pivotal moment for decentralized finance (defi) regulation and crypto privacy. Dutch Court Imprisons Tornado Cash Developer for $2.2 Billion Money Laundering via Crypto Mixing […]

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New Study Unveils the Total Cost to Attack Bitcoin and Ethereum

DIGIT — Fri, 16 Feb 2024 19:30:32 +0000

A newly published Social Science Research Network (SSRN) paper by Lucas Nuzzi, Kyle Waters, and Matias Andrade introduces a novel approach to calculating the Total Cost to Attack (TCA) Bitcoin and Ethereum. The comprehensive analysis sheds light on the economic barriers to 51% attacks, challenging previous assumptions about blockchain vulnerability. Unveiling the Cost of Compromise: […]

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Surge in Ordinal Inscriptions Ignites Exponential Growth in BRC20 Token Economy

DIGIT — Tue, 16 May 2023 20:05:04 +0000

Over the past four days, there has been a surge in Ordinal inscriptions, and as a result, the BRC20 token economy has experienced significant growth with over 10,000 additional coins. The current value of the BRC20 token economy now stands at $497.75 million, comprising a total of 24,677 distinct tokens. Bitcoin Users Issued More Than […]

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Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

DIGIT — Tue, 21 Mar 2023 20:00:30 +0000

Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17 […]

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Bridged Bitcoin on Avalanche Surpasses Value Locked on the Lightning Network

DIGIT — Tue, 24 Jan 2023 09:00:23 +0000

Members of the crypto community have been discussing the number of bitcoins that have been bridged over to the Avalanche network, which is now larger than the total value locked on the Lightning Network. At the time of writing, there are 5,493 bitcoins circulating on the Avalanche blockchain, while the Lightning Network holds 5,248 bitcoins. […]

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Decentralized Exchange Trading Volumes Remain Lackluster in the New Year, Uniswap Leads the Way with Daily Swaps

DIGIT — Sat, 14 Jan 2023 21:30:53 +0000

According to statistics, decentralized exchange (dex) monthly trading volumes have dropped significantly since Jan. 2022. After a brief spike in volume in Nov. 2022, dex trade volumes have been lackluster for the past 44 days. As of Jan. 14, 2023, Uniswap version three (V3) has the highest trade volume during the past 24 hours at […]

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Report Suggests FTX’s Tokenized Stocks Might Not Have Been Backed 1:1, Synthetics May Have Been Used to ‘Manipulate’ Real Stock Prices

DIGIT — Tue, 06 Dec 2022 20:30:31 +0000

On Dec. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. In May 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually held the real stocks in the first place. FTX Listed 36 Synthetic Stocks and […]

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What is an Ethereum Virtual Machine (EVM) and how does it work?

DIGIT — Sun, 27 Nov 2022 14:22:00 +0000

Forming the backbone of the Ethereum Blockchain, EVM provides developers with a run-time environment to build DApps and other applications.

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