Tag: loss

Crypto, News

Digital Asset Outflows Reach $584M, Yet Smart Traders Accumulate ETH Amid Dip

According to CoinShares, digital asset investment products experienced significant outflows totaling $584 million last week, shaving off US$1.2bn in total. Bitcoin led the pack with outflows of $630 million, while Ethereum saw $58 million in outflows. In contrast, multi-asset products attracted inflows of $98 million, suggesting that investors view weakness […]

Crypto, News

Web3 Projects Face Substantial $2.02 Billion Losses In 2023 Due To Security Breaches

The escalating risks to the security of web3 have become significant concerns for the future of this decentralized internet paradigm. Beyond the financial implications, the losses incurred from hacking attempts on web3 and smart contracts have cast doubts on the dependability of this emerging technology.¬† Globally, the perception of web3 […]