Author: Meesum Raza
Meesum Raza
Meesum Raza is an experienced crypto journalist and senior analyst with a background in financial analysis. He has contributed to platforms like Business2Community and AMBCrypto and previously worked as a senior assurance associate at an audit firm.
The results of the 2024 election may still be days away, but some crypto support industry backers are already focused on the next Congress. Just 48 hours before the polls close for the 2024 U.S. elections, a political action committee (PAC) announced that it has raised millions to back pro-crypto candidates in the 2026 midterms. On Nov. 4, Fairshake PAC shared that it received $48 million in contributions from crypto exchange Coinbase and venture firm Andreessen Horowitz, adding to $30 million already saved. Coinbase CEO Brian Armstrong donated $25 million on Oct. 30, while Andreessen Horowitz contributed $23 million. “We’ve…
In October, the biggest crypto losses and security issues included the Radiant Capital hack, a phishing attack, and a breach on the crypto exchange M2. Security problems like exit scams, flash loan attacks, and other hacks led to a total of $129.6 million in losses for the month. Data from blockchain security firm CertiK shows that exit scams caused $1.2 million in losses, flash loan attacks caused $1.5 million, and other hacks led to the most losses at $127 million. The largest incident was the Radiant Capital hack, which lost over $50 million. A phishing attack that took $36 million…
Bitcoin ETF demand is mostly driven by everyday investors rather than big institutions, according to a new Binance report. As of October 25th in a Binance report, nearly 80% of the total assets under management (AUM) in spot Bitcoin ETFs came from non-institutional investors. Spot Bitcoin ETFs launched in January 2024, attracting $21.6 billion in net inflows over 10 months. However, Binance analysts noted that much of the ETF’s $63.3 billion AUM wasn’t entirely new investment. Instead, a large portion came from retail investors moving their Bitcoin holdings from digital wallets and exchanges to these funds, which offer better regulatory…
RedStone introduces the first major oracle provider to launch on EigenLayer, an Ethereum restaking protocol, as shared with News website on October 23. Although still in the testing phase, RedStone aims to build a “scalable framework” to increase security as decentralized finance (DeFi) continues to expand. According to RedStone’s website, its oracles operate on over 50 blockchain networks and help secure nearly $3.5 billion in crypto assets. Alan Curtis, COO of Eigen Labs, said that this launch highlights RedStone’s strong oracle system, which is now enhancing security with the help of restaking guarantees. How Decentralized Oracles Connect Blockchain with External…
Solana is located in its middle position after many oscillations during the past weeks. The Solana price experienced volatility as well after the Federal Reserve lowering its interest rate – it surged by 26% however, it then fell by 17% proving the stability in the crypto market is still unpredictable. Shareholders are expected and ready for the next big move. Several analysts are following Solana closely, and one of them said that $160 is a significant level. If it goes past this level, it may lead to another round of price increase, though, if it fails in do so, the…
X users will be able to send money to friends and make purchases at retail stores in the future using the app’s upcoming event features. They can also get interest on the amounts in their accounts. According to the head of X, users of Twitter will soon be able to spend money at stores and send money to others. They can even earn interest like they would in a bank account. Twitter X In-App Wallet: Advancing Financial Integration Christopher Stanley, the security information security officer, mentioned in an April 22 update that besides typing, X will also offer an in-app…