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Until last week, the r/bitcoin subreddit added between 20,000 and 30,000 new members on a weekly basis.

That number of new subscribers surged to more than 150,000 for the week of January 24, according to data collected by The Block Research.

Other cryptocurrency-related subreddits saw significant growth as well. 

The week of January 17th, the r/Ethtrader subreddit added about 15,120 members. The week of January 24th, however, the same subreddit’s ranks swelled by more than 287,000.

The culprit? One might chalk it up to the groundswell of activity on Reddit around investments, particularly meme-driven stocks like GameStop as well as the meme-themed cryptocurrency dogecoin. 

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The latest in the saga of WallStreetBets vs the world.

What the GameStop stock market chaos can teach crypto and why the Bank of International Settlements is pitching central bank digital currencies (CBDC) instead of crypto. Also the privacy concerns around China’s digital yuan.

The bitcoin fund is available in both U.S. dollars and Canadian dollars and is listed on the Toronto Stock Exchange.

The world is watching U.S. markets with great interest, and more than a little FOMO, as Reddit investors continue to test their might against Wall Street. It all started when retail investors on the Reddit community wallstreetbets began pumping the price of U.S. video game retailer GameStop’s (GME) stock to counter Wall Street hedge funds […]

Stani Kulechov has backed nearly 40 projects in his search for founders who see two or three moves ahead.

The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins.

Volume on decentralized finance (DeFi) platforms was at an all-time high in 2020 — and so were the number of attacks and thefts in that arena, according to blockchain analysis firm CipherTrace’s Crime Report. 

Over 50% of crypto thefts in 2020 stemmed from DeFi attacks, adding up to $129 million. That’s more than 25% of the year’s total volume from hacks and other incidents.

Eighteen protocols were attacked in 2020, which CipherTrace says represents “the most DeFi hacks in a year to date.” One notable attack was the $8 million lost from the lending protocol bZx, which was exploited twice in February due to a faulty code. 

The largest hack happened on the KuCoin centralized exchange in September, with hackers stealing $281 million from the Singaporean exchange. However, the attackers laundered their money through Uniswap, one of the biggest decentralized exchanges, then through mixers like Tornado Cash to throw off their scent. 

In all, the average amount stolen from a DeFi protocol was about $6 million, per CipherTrace’s report.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Crypto spot volumes rose to the second-highest level in over a month.

Robinhood didn’t halt GameStop trading to punish retail players; it reacted to market risk. And, no, blockchain wouldn’t have fixed this.