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Breaking Down the State of Hacking in 2024
Over $473 million worth of cryptocurrency has been lost to hacks and rug pulls across 108 incidents in 2024, according to a report by security service provider Immunefi.
In May alone, $52 million was stolen, with the majority of that being siphoned out of Gala Games and SonneFinance, which were hacked for $21 million and $20 million, respectively. The total marks a 12% decrease compared to May 2023.
The cryptocurrency industry is set for significant growth this due to increasing global awareness and adoption. Key factors include: Mainstream Media Coverage: Increased attention from mainstream media and high-profile endorsements are attracting new audiences.Institutional Investment: Major financial institutions and corporations investing in crypto enhance its legitimacy and stability.Technological Advancements: User-friendly platforms and improved security measures make crypto more accessible.Educational Efforts: Online courses and informational content are reducing barriers to entry and building a knowledgeable investor base.Global Economic Trends: Economic instability and inflation concerns drive people to cryptocurrencies as a hedge against traditional systems.Social Media Influence: Influencers and viral content on social media spark curiosity and investment interest.Government and Corporate Adoption: Growing adoption by governments and large corporations normalizes cryptocurrency use. These factors are converging to drive the cryptocurrency market to new heights and mainstream acceptance
ButtChain (BUTT) ButtChain has launched its presale, capturing the crypto community's attention with a perfect blend of humor and cutting-edge innovation
Pepe, a meme-inspired cryptocurrency, was launched in April 2023 as part of the growing trend of meme coins. Inspired by the popular internet meme, Pepe the #Frog, created by Matt Furie, the Pepe cryptocurrency aims to leverage the meme’s widespread recognition to create a fun and engaging digital asset.
Initially, Pepe #coins were distributed through various airdrop campaigns and community-driven initiatives, quickly gaining traction among meme coin enthusiasts. The project’s decentralized nature and vibrant community support have contributed to its rapid adoption and popularity in the crypto space. #PEPE
If you’re a cryptocurrency enthusiast, you’ll love Binance’s airdrop campaigns. Airdrops are a way for new and existing projects to distribute free coins or tokens to the crypto community. Binance often participates in these events, giving users the chance to earn free cryptocurrency simply by holding certain tokens or completing specific tasks.
To participate, keep an eye on Binance's announcements and make sure you meet the eligibility criteria for each airdrop. This could include holding a minimum amount of a specific coin or engaging in promotional activities. It’s an excellent way to explore new projects and diversify your crypto portfolio without spending a dime!
reading mix info on #pepe makes daily rollercoaster rides, exciting and scary at the same time It's important to do our own research constantly no matter what news circulates around #pepe