Important Points:
- With 150 million users, Hamster Kombat is one of the fastest apps ever.
- In the first half of 2024, crypto hacks cost $1.19 billion.
- The case that Ripple has against the SEC might be over by July 31, 2024.
- AI will still be a big deal in the crypto world all through the first half of 2024.
Fame for Hamster Kombat, an app that breaks records
A Telegram game called Hamster Kombat has made an amazing milestone: 150 million users in record time. With this accomplishment, the game becomes one of the apps with the fastest growth in history. It might even get added to the Guinness Book of Records. Like Pokemon Go and Meta’s Threads, which hit similar milestones in 33 days and six days, respectively, the game does the same thing.
Bringing together gaming and crypto
As a cryptocurrency exchange CEO simulator, Hamster Kombat has become very famous. With an eye on the July Token Generation Event (TGE), players make and spend in-game coins. Over the past three months, the number of people who play the game has grown by leaps and bounds, and players are looking forward to future airdrops based on how much they play.
Try for the Guinness World Record
Besides its success in games, Hamster Kombat’s YouTube channel tried to set a Guinness World Record by getting 10 million followers in just seven days. By the third week, the channel had 22 million followers, making it bigger than MrBeast and the biggest YouTube channel in the world.
Crypto losses in the first half of 2024: a security crisis
A Look at the Losses
A report from CertiK says that in the first half of 2024, there were major security breaches in the cryptocurrency industry that cost $1.19 billion. About $498 million, or almost half of these losses, were caused by phishing attempts. Hackers stole more than $304 million from DMM Bitcoin, which was the biggest breach. Another big event happened with BtcTurk. Several hot wallets had $90 million stolen from them.
Different Kinds of Security Breach
The $1.19 billion loss was also caused by weak access controls, code that could be hacked, exit scams, honey pots, price manipulation, and private key compromises. To fix these problems, CertiK’s report stresses that the whole crypto business needs to take stronger security measures.
Ripple vs. SEC: A Possible Ongoing Court Case In conclusion
Fred Rispoli, an attorney, said that the long-running court case between Ripple and the U.S. Securities and Exchange Commission (SEC) might end on July 31, 2024. Judge Annalisa Torres of the Federal Court said last year that XRP is a good when it is sold to the public. The case is not over yet, though. U.S. District Court Judge Amy Berman Jackson partly agreed with the SEC on some points, such as the direct sale of cryptocurrency tokens as securities.
Dominance of AI in the Crypto Sector
The Report by Grayscale
The “Crypto Sectors in Q3 2024” study from Grayscale shows how Artificial Intelligence (AI) is becoming more important in the cryptocurrency business. AI has been very important in the growth of smart contract platforms and utility sectors, showing how important it is to the changing crypto scene.
In conclusion
The top stories this week show how the cryptocurrency business is always changing and growing. The crypto world continues to get a lot of attention around the world, thanks to apps like Hamster Kombat that break records, major security holes, and current court cases involving Ripple. AI will have a big impact on the future of this new field as it grows.
FAQ
Q1: What is Hamster Kombat? A1: Hamster Kombat is a viral Telegram-based game that simulates a cryptocurrency exchange CEO experience. It has reached 150 million users in record time.
Q2: How much crypto was lost to hacks in H1 2024? A2: The cryptocurrency sector lost $1.19 billion to various security breaches in the first half of 2024.
Q3: When is the Ripple vs. SEC case expected to conclude? A3: The Ripple vs. SEC case might conclude by July 31, 2024.
Q4: What role does AI play in the crypto sector? A4: AI is a dominant theme in the crypto sector, driving growth in smart contract platforms and utility sectors.
Q5: How significant is the influence of AI in the cryptocurrency industry? A5: AI has demonstrated its significance by enhancing the capabilities and growth of various crypto platforms, making it a critical component of the industry’s evolution.
