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HodlX Guest Post  Submit Your Post   Stress tests of major banks have repeatedly failed to uncover serious issues that have led to billions of dollars in losses – DeFi (decentralized finance) changes all of this. Right now, the world’s financial system operates under a veil of secrecy. Global banks currently undergo stress tests to examine whether they can withstand significant and sudden market...
A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new currency designed to drop dependence on the US dollar. South African Ambassador to China Siyabonga Cyprian Cwele says BRICS members will meet this month to discuss the specifics, reports the Chinese state-backed Global Times. On the agenda is a debate on whether a digital currency would...
Global investment giant Franklin Templeton thinks Solana (SOL) is primed to establish itself as the “third major crypto asset” after Bitcoin (BTC) and Ethereum (ETH). In a new analysis, the firm’s digital assets unit notes that the Solana network has witnessed significant increases in total fees and decentralized exchange (DEX) volumes in the past year. “We expect this growth to continue as...
Jack Dorsey’s fintech conglomerate Block is now investing 10% of its gross profit from Bitcoin products directly into BTC itself. In a new announcement, the firm notes that it is making a strategic investment in the top crypto asset “following numerous positive developments both within the company and in the broader market.” “In April, Block implemented a bitcoin dollar cost average (DCA)...
Two Wells Fargo customers are calling out the banking giant after scammers ripped tens of thousands of dollars from their accounts in a matter of minutes. Jolinda Crocker says $60,000 was stolen from her account while she was teaching at her music school in Italy, reports the Daily Mail. Crocker says she received a text message from the bank asking her to call and verify whether she had made two...
A crypto wallet lost $69.3 million worth of Wrapped Bitcoin (WBTC) in an apparent address-poisoning attack, according to the blockchain security firm CertiK. Address poisoning usually involves a scammer sending a wallet a tiny amount of crypto via an address that’s designed to look similar to the wallet’s, according to an explanation provided by Ledger, a digital asset wallet provider. The ploy...
New data from crypto insights firm Galaxy Research finds that during the first quarter of the year, venture capitalists poured in billions of dollars into the digital assets industry. In a new article, Galaxy Research says that venture capitalists invested $2.49 billion into cryptocurrencies during Q1 of 2024, a 29% quarter-over-quarter (QoQ) rise. The analytics platform says that heavy...
A closely followed crypto strategist is updating his outlook on one red-hot altcoin amid a crypto market correction. Pseudonymous analyst Altcoin Sherpa tells his 215,800 followers on the social media platform X that he is long-term bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs). “ONDO: still one of the best-performing coins and has held up the best....
A closely followed crypto strategist believes that one Ethereum (ETH) competitor is ripe to witness steep bursts to the upside. Trader Ali Martinez tells his 61,400 followers on the social media platform X that he is bullish on Cardano (ADA). According to the analyst, ADA “seems ready for a parabolic bull run” after seeing its value drop by about 50% over the past month. Martinez points out that...