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💥 The Biggest Losses in Crypto History Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones: 🔥 1. Mt. Gox Hack (2014) Loss: ~850,000 BTC (worth billions of dollars today) What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt. Impact: A huge blow to trust in Bitcoin. Prices plummeted. 🔥 2. Terra / LUNA Collapse (2022) Loss: Be...
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BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
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90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
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💥 The Biggest Losses in Crypto History Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones: 🔥 1. Mt. Gox Hack (2014) Loss: ~850,000 BTC (worth billions of dollars today) What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt. Impact: A huge blow to trust in Bitcoin. Prices plummeted. 🔥 2. Terra / LUNA Collapse (2022) Loss: Be...
Information you need or don't need about web 3 - 1
BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
Information you need or don't need about web 3 - 11
90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
When OpenSea was founded in 2017 by Devin Finzer and Alex Atallah, NFTs were far from the global phenomenon they are today. Their inspiration came from a blockchain game called CryptoKitties, which sparked a frenzy by allowing users to buy and sell digital cats as NFTs. Seeing the success of this game, the founders decided to create a marketplace that could support all kinds of NFTs.
But here’s the interesting part: in the early days, OpenSea had only 4,000 active users and a monthly trading volume of just $1.1 million (as of March 2020). In other words, the giant platform we know today actually started from very humble beginnings!
When OpenSea was founded in 2017 by Devin Finzer and Alex Atallah, NFTs were far from the global phenomenon they are today. Their inspiration came from a blockchain game called CryptoKitties, which sparked a frenzy by allowing users to buy and sell digital cats as NFTs. Seeing the success of this game, the founders decided to create a marketplace that could support all kinds of NFTs.
But here’s the interesting part: in the early days, OpenSea had only 4,000 active users and a monthly trading volume of just $1.1 million (as of March 2020). In other words, the giant platform we know today actually started from very humble beginnings!
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