ArkotNews

Highly skilled crypto users have reportedly lost an estimated $10 million in stolen funds since December, MyCrypto founder Taylor Monahan said.

The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis.

The firm started its fund as more crypto projects seek non-U.S. jurisdictions.

The token was up more than 5%. Institutional investors remain in wait-and-see mode, says one analyst.

Lido needs to complete security audits of its V2 upgrade before it can allow withdrawals.

The firm introduced an upgraded credit underwriting process and appointed a new head of credit. The developments came after M11 Credit suffered $36 million of loan defaults on lending protocol Maple Finance following FTX’s November collapse.

ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital-asset innovation and leadership away from the U.S.?

Sebastien Borget says artificial intelligence will bring a greater volume of original content to metaverse platforms.

In a CoinDesk interview, Colin Brady, chief creative officer at AMGI Studios, talks about how Web3 and AI will change movie-making, and why big studios fail to adopt new technologies.

ETH’s share of the total crypto market capitalization rose to a one-month high, according to TradingView data.