financialloss

Hut 8's $134M Loss? 3 Reasons Why It's a Genius Move

Hut 8's $134M Loss? 3 Reasons Why It's a Genius Move

Okay, let's talk about Hut 8. $134 million loss. Ouch, right? Headlines are screaming it. The internet is buzzing with doubt. What if I told you everyone’s barking up the wrong tree… dog kennel. What if we find that this so-called “loss” is really a masterstroke in disguise? Looking forward...

DeFi Security Lapses Expose Investors to Billion-Dollar Losses

DeFi Security Lapses Expose Investors to Billion-Dollar Losses

Tens of billions of dollars in crypto assets have flooded the somewhat new decentralized finance (DeFi) market. This increase in demand comes with a serious security risk. Just in 2024, investors have already lost almost US$1.5 billion from security exploits and fraud in the DeFi ecosystem. Our recent survey reveals...

Coinbase Urges States to End Staking Program Lawsuits, Citing $90 Million Loss

Coinbase Urges States to End Staking Program Lawsuits, Citing $90 Million Loss

Coinbase is intensifying its fight against state-level bans on its staking program, calling on California, Maryland, Wisconsin, New Jersey, and Washington to drop their pending lawsuits. The firm argues that these legal attacks are not only incorrect, but waste millions of dollars of residents’ money. In leading this campaign, Coinbase...

$90M Staking Loss: Are Coinbase's Risks Worth the Regulatory Fight?

$90M Staking Loss: Are Coinbase's Risks Worth the Regulatory Fight?

Coinbase is playing hardball. They’re directly in the ring with regulators, gloves off, and they’re calling for clarity. At what cost? That $90 million in lost staking rewards isn’t chump change either. Is this regulatory standoff some sort of gambit, or are they painting themselves into a corner?Is Regulatory War...

Coinbase: $90M Lost! Are State Staking Bans Hurting Consumers?

Coinbase: $90M Lost! Are State Staking Bans Hurting Consumers?

State-level bans on cryptocurrency staking are proving to be a highly controversial topic, with Coinbase leading the charge against them. The exchange’s digital asset research team calculated how many Americans in six states failed to take advantage of large staking rewards. These bans have cost them far more in lost...