Daily Insights: Updates on Crypto, Blockchain, NFTs, Web3, and Play-to-Earn Gaming

crypto Hacks Skyrocket Alongside Market Boom Oh, it's true, folks When the crypto market starts to soar, it attracts more than just investors and enthusiasts July was a month of fireworks with bitcoin almost kissing the $70,000 mark, barely missing by $50 Then comes the big news, the United States SEC lighting the green signal for ethereum ETFs You would think it's all good news, right...

## The $266 Million July Crypto Hack Wave and Growing Countermeasures In the realm of digital currency, July was a tumultuous month, with the crypto sphere witnessing an unprecedented number of hacks, totaling close to $266 million in losses across 16 separate incidents This surge in cyber theft has mobilized various nations and organizations to enhance their cybersecurity frameworks vigorously Among them, India's Bharat Web3 Association is leading initiatives in bolstering digital defenses, while on the American front, Wisconsin’s Department of Financial Institutions has introduced a crypto scam tracker to combat fraud Additionally, despite China's stringent stance against cryptocurrencies, it continues its crackdown on cyber fraud, recently making significant arrests **July’s Crypto Hacks Total $266M** A significant portion of the reported financial havoc in July was attributed to a massive breach at an Indian crypto exchange, with losses zooming past $230 million, constituting over 86% of the month's total crypto heists...