IoT Development

During 2024, hacks and scams have escalated to new heights, resulting in a huge $3.01 billion in losses, a 15% increase from the $2.61 billion recorded in 2023. For investors, the stakes have never been higher, and protecting your assets is no longer optional, it’s important. In this blog, we will learn about what’s going on, why it’s happening, and how you can become an entrepreneur by contacting a crypto wallet development company. The Alarming Rise in Crypto Crimes Crypto scams and hacks aren’t just news headlines anymore, they’re becoming a harsh reality for many investors. According to blockchain forensic firm PeckShield, a huge $2.15 billion of the total losses in 2024 came from hacks alone, while scams contributed $834.5 million. While some stolen funds around $488.5 million were recovered, the sheer scale of these crimes is unsettling. Decentralized Finance protocols continue to be the prime targets, contributing the lion’s share of the losses. Over 70% of the total losses...

  According to a report, Crypto venture capital investments are growing by 26% compared to last year, now is the best time to start a crypto wallet business. Even if you are considering using a Metamask clone script or a Trust wallet clone script , this sector offers a big chance to use this for the current market trends.  The 2024 Crypto VC Investments Crypto VC investments reached a huge $9.33 billion in 2024, just slightly higher than 2023’s $9.28 billion. A report from Wu Blockchain, which referred to RootData statistics, there were 1,535 publicly announced projects throughout the year. While December showed a small drop in projects compared to the previous year, there was a monthly increase from November, showing that investors are still confident in the crypto sector. In December alone, funding rose sharply to $740 million, which was a 60.9% increase from November. Where Is the Money Going? DeFi (Decentralized Finance) led the way, making up 24.4% of all projects. NFTs ...