Blackberry has detected several malware families that are being used to run massive campaigns for stealing crypto from devices. In the August edition of ‘The BlackBerry Global Threat Intelligence Report,’ the former titan of the smartphone industry found that finance, healthcare, and government are the top three industries with the highest distribution of cyberattacks. Malware...Read More
The approaching presidential vote in the United States in 2024 promises to be intriguing and contested as more and more well-known candidates announce their participation in the election. Both the Democratic and the Republican parties have amassed serious figures who put the economic welfare of Americans, the improvement of the domestic health sector, the US...Read More
NFT sales have had a rocky start in 2023 but the underlying technology still holds plenty of utility. Ticketing is an interesting yet underdeveloped facet of the NFT space. It stands out as a promising frontier for NFTs in the ever-evolving world of digital advancements. As a noteworthy application of NFTs, NFT tickets play a...Read More
Bankrupt crypto lender, BlockFi revealed that the US Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement. The development essentially demonstrated that the reorganization process of BlockFi continues to make gradual progress eight months after filing the voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code....Read More
Seychelles-based cryptocurrency derivatives exchange Bitget has announced a one-year partnership with renowned American actor and comedian, Adam Devine, as part of the #SetForChange campaign. With the move, Bitget aims to promote crypto education and foster wider adoption through an “engaging and lighthearted approach.” The collaboration also comes amidst the rebranding initiative following its acquisition of...Read More
On Aug. 3, CEO and founder of MN Trading, Michaël van de Poppe, reported on the current state of the crypto market and the lengthening crypto winter. Altcoin investors are slowly losing faith in the markets as they are still not moving at all, he said. Furthermore, altcoin markets have been trending downwards since May...Read More
Records show one of United States President Joe Biden’s Senate closest allies placed a substantial financial wager against the country’s economy last month. The latest development comes amidst mounting regulatory pressures on the cryptocurrency industry by the US regulatory watchdogs that have argued that the asset class poses a serious threat to the economy. Shorting...Read More
BTC is up 80%+ from recent lows. ETH is up 60%. Meanwhile, some crypto stocks are up by quite a bit more. A U.S. court ruling this week siding with the SEC is an understandable time for markets to chill. Way back in July, US News suggested seven crypto stocks to buy. The paper touted...Read More
Fitch downgraded the U.S. government’s credit rating Tuesday, citing the national debt and deteriorating politics. Bitcoin is already looking good this year with the NFTs. But this really puts the shine on BTC. One of the “Big Three” credit ratings companies, Fitch, notched the United States’ rating down from AAA to AA+ this week. Only...Read More
The Ordinals protocol team announced the launch of a non-profit organization, dubbed ‘Open Ordinals Institute,’ to fund its open-source development. The Open Ordinals Institute is a registered 501(c)(3) California-based public charity that will collect donations in Bitcoin to back the protocol’s development by funding its core group of developers. The focus will also be on...Read More
Coinbase CEO Brian Armstrong revealed that the crypto exchange is exploring the “best” way to integrate the Lightning Network after being called out for not adding support for the layer-2 scaling solution, which enables faster and cheaper BTC transactions than the Bitcoin base network. The comment comes a month after Binance added LN capability for...Read More
After being trapped between $31,500 and $29,500 for more than a month now, Bitcoin broke below the price range due to a lack of positive stimuli. Higher timeframe on-chain metrics, however, continue to signal a bull market. In fact, the latest edition of Bitfinex Alpha said that we could still be in the early part...Read More
The US Securities and Exchange Commission (SEC) asked Coinbase to halt the trading of all cryptocurrencies except for Bitcoin before pressing charges against the exchange for breaching federal securities law. According to Coinbase CEO Brian Armstrong, delisting every other asset except for Bitcoin would mean the end of the crypto industry. Coinbase vs. SEC In...Read More
Despite being in the early innings of development, tokenization of real-world assets (RWA) has gained significant traction in recent years attracting users and large institutional players alike. A new study suggests that RWAs have emerged as the 10th largest sector in DeFi based on protocols tracked by DeFi Llama after climbing from the 13th spot...Read More
Cybercriminals are increasingly moving away from ransomware attacks and opting for a more covert strategy of utilizing stolen computing power to mine digital currency. To increase their likelihood of success, these malicious entities constantly vary their tools, tactics, and procedures, remaining adaptive and evasive in their approach. According to SonicWall, the publisher of cyberattack intelligence...Read More
The Bank of Canada published a report on Wednesday outlining Canadian crypto ownership trends last year. Its Bitcoin Omnibus Survey found that Bitcoin (BTC) ownership across the country declined from 13% to 10% of the population in 2022. The report noted that the ownership decline occurred on the back of Bitcoin’s massive price decline of...Read More
According to recent research by CoinGecko, two-thirds of the 30 biggest global banks by assets under management (AUM) support crypto trading through regulated exchanges. Furthermore, around 74% of the top 50 banks worldwide support crypto trading by connecting to regulated exchanges, the report added. “However, none support retail crypto trading or on-ramping from respective native...Read More
The number of average daily active addresses on the BNB Chain spiked to 1.4 million in the second quarter of 2023, signaling a 25.6% increase from the figure recorded in Q1. According to a report by crypto intelligence firm Messari, the number of daily active addresses almost reached an all-time average of approximately 1.5 million...Read More
FTX and Genesis have come to an agreement in principle to settle claims made by both parties in their ongoing legal brawl. Both bankrupt firms had previously claimed that the other party owed money. However, the legal counsel representing both wrote to bankruptcy Judge Sean Lane stating that they had agreed to a settlement. The...Read More
Well-known crypto critic, Senator Elizabeth Warren, won support from Washington-based banking advocacy group, the Bank Policy Institute (BPI), for newly introduced bipartisan legislation that seeks to regulate the crypto industry and eliminate loopholes for illicit activity. Its support has been viewed as a peculiar move because both Warren and the Wall Street banks have hardly...Read More
Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. The first release is...Read More
Deloitte, a prominent member of the renowned “Big Four” accounting, consulting, and professional service firms, has joined forces with Chainalysis, a blockchain analytics company, this week. The newly formed strategic alliance aims to offer comprehensive solutions and services for digital asset data and analytics. The collaboration will enable their shared clients to utilize Chainalysis’ exclusive...Read More
Amidst a lack of bullish cues in the market, SHIB rose by almost 6% over the past day, which pushed its monthly gains to nearly 12%. The meme coin’s surge can be attributed to the Shibarium Beta Bridge, which went live for public testing this week. The move is part of an ambitious roadmap that...Read More
A Tennessee couple was charged for operating a $6 million digital assets commodity pool scheme by the Commodity Futures Trading Commission (CFTC) this week. The United States derivatives market regulator charged the owners of a Clarksville real estate company, Michael and Amanda Griffis, for allegedly defrauding more than 100 people across the country. The couple...Read More
The United States Securities and Exchange Commission (SEC) and its Chairman, Gary Gensler, have received a significant wave of criticism from numerous organizations and individuals (including some American politicians) for the way they have treated the cryptocurrency industry over the years. Ripple’s recent court victory against the Commission prompted even more lawmakers to castigate the...Read More
Artificial Intelligence (AI) is all the rage owing to the success of OpenAI’s ChatGPT, which has taken conversations about the space to a whole new level. Off late, several AI-related crypto tokens have sprung up, capturing the imagination of investors amidst a dull market. After initial gains, however, these assets underwent significant value reductions. Prominent blockchain...Read More
Wyoming-based Custodia Bank’s application to become a member of the Federal Reserve System was rejected earlier this year by the Kansas City Fed. But the platform has no intention of backing down. The legal dispute took a new turn after Custodia slapped three lawsuits against the regulator in three separate circuits. According to attorney John...Read More
It has been a wild ride for the world’s largest cryptocurrency exchange – Binance, this year. As US watchdogs pursue it for alleged violation of federal laws, the platform appears to be losing its market share at a rapid pace. Blockchain analytical firm Kaiko reported that Binance’s spot market share has dropped to 50% from...Read More
The recently launched Worldcoin human identity verification system elicited mixed reactions among people. While the project deems itself as a privacy-preserving digital identity, many prominent players in the community view the iris scanning process specialized Orb hardware device to be Orwellian. The crypto-focused project, co-founded by OpenAI CEO Sam Altman, has witnessed significant security concerns...Read More
According to a recent report by blockchain analytics firm TRM Labs, terrorist groups globally, including those linked to ISIS, frequently utilize cryptocurrency for fundraising purposes. In certain instances, these terrorist organizations have been able to attract supporters and bolster their operations. TRM Labs revealed observing “mounting on-chain evidence” over the past 12 months that pro-ISIS...Read More
