Bitcoin & major altcoins are up meanwhile Crypto market lost $3.9B in 2022
In this newsletter :
Cryptocurrency market lost $3.9 billion in 2022: Report.
According to a report released on January 6 by Immunefi, a platform for bug bounties and security services for the Web3 ecosystem, the cryptocurrency market lost a total of 3.9 billion dollars in 2022.
The research states that hacks, which accounted for 95.6% of the total losses, were the primary cause, with fraud, scams, and rug pulls accounting for the remaining 4.4%. Immunefi also discovered that the most targeted industry was decentralised finance (DeFi), which lost 80.5% of its value, as opposed to centralised finance (CeFi), which lost 19.5%. As stated in the report:
“DeFi has suffered $3,180,023,103 in total losses in 2022, across 155 incidents. This number represents a 56.2% increase compared to 2021, when DeFi lost $2,036,015,896, in 107 incidents.”
BNB and Ethereum were the most targeted chains, with BNB Chain surpassing Ethereum to become the most targeted in 2022. In Q4 of 2022, the industry suffered losses of approximately 1.6 billion dollars, with DeFi being the main target at 57.6% and CeFi at 42.4%.
Cryptocurrency prices today: Gains in Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies help the market rise.
The price of one bitcoin has increased by 0.1% during the past day to $16,946.17. It has increased by 2.5% over the prior week.
Ethereum is currently trading at $1,263.84, flat from yesterday. It is 5.6% higher than the previous week.
Bitcoin and Ethereum currently have market capitalizations of $326.39 and $152.36 billion, respectively.
As of right now, the prices for Solana, Polka Dot, Shiba Inu, and Polygon are $13.29 (up 0.2%), $4.64 (down 0.4%), $0.0000088 (down 0.7%), and $0.88 (up 0.5%), respectively.
According to the weekly chart, Polka Dot has increased by 7.6% while Solana has increased by 33.4%.
Shiba Inu has increased in value by 4.2% during the past week while Polygon has increased by 5.9%.
BNB is currently trading at $261.31, up 5.9% from last week and 0.2% from yesterday.
After declining 0.4% over the past day, XRP is now trading at $0.33. Comparing to previous week, it is up 0.4%.
Cardano and Dogecoin are currently trading at $0.22 and $0.077, respectively, down 0.1% and 0.4%.