Investment management firm VanEck has found that exchange trading volume in the decentralized finance (DeFi) sector dropped to $52.8 billion in August, making a 15.5% decline in a month.
The cryptocurrency-focused arm of the Stuttgart Stock Exchange, Boerse Stuttgart Digital, is planning to launch a fully insured cryptocurrency staking service next year, in a move underpinned by an insurance product dedicated to reducing the risks of slashing.
Billionaire Mark Cuban recently fell victim to a phishing attack on one of his cryptocurrency wallets, which allowed the attacker to drain it of over $860,000 in cryptocurrency and non-fungible tokens (NFTs).
Top stories in the Crypto Roundup today:
- DeFi Trading Volume Drops 15.5% in August
- Boerse Stuttgart Digital to Launch Insured Crypto Staking Service
- Mark Cuban Loses Over $800,000 in Crypto and NFTs to Phishing Scam