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Hacker Siphons $80 Million From Qubit Cross-Chain Bridge, Largest Defi Exploit of 2022 to Date
28.1.2022
Findings stemming from a recent report published by the security-focused blockchain firm Certik indicate that the Binance smart chain ↔ Ethereum bridge called Qubit has been hacked for $80 million. Data shows on January 27, 2022, an attacker siphoned a number of tokens from an exploit...
Putin Urges Government, Central Bank to Reach Consensus on Crypto, Highlights Russia’s Mining Potential
27.1.2022
President Vladimir Putin has joined the debate on the future of cryptocurrencies in Russia, calling on the government and central bank to work out a common position on their regulation. The Russian leader also emphasized Russia’s strengths as a crypto mining destination. Putin Asks Ministers...
Putin ‘Supports’ Plan to Legalize and Regulate Bitcoin & Crypto Mining – Report
27.1.2022
Russia could accelerate its path to becoming one of the world’s biggest Bitcoin (BTC) and crypto miners – with reports that President Vladimir Putin has backed a measure that may see the industry legalized and brought under government regulation....
Read More: Putin ‘Supports’ Plan to Legalize...
Crypto industry seems willing to adopt FATF travel rule: Survey
27.1.2022
A new report claims that about 70% of respondents are either practicing the travel rule or planning to complete their compliance in Q1/Q2 2022
ETH to hit $20 trillion market cap by 2030: Ark Invest
27.1.2022
ARK Invest’s new report predicts Ether’s market cap will reach $20 trillion and the Bitcoin price will exceed $1 million by 2030 based on BTC’s use cases and how ETH captures market share from TradFi
Global Crypto Owners Predicted to Surpass 1 Billion This Year
27.1.2022
The number of global crypto owners is expected to exceed one billion by the end of the year, according to a report by Crypto.com. “Nations can no longer afford to ignore the growing push to crypto by the public. We may in many cases expect a friendlier stance towards the crypto...
Study Shows Dogecoin, XRP Saw Largest Network Fee Increases Last Year
26.1.2022
There’s been a lot of action in the world of cryptocurrencies over the last 12 months and a myriad of metrics have changed. A recent report from forexsuggest.com shows that dogecoin fees saw the largest increase since January 1, 2021, jumping 4,230% in a year. Ethereum’s transaction...
Mark Zuckerberg’s Meta in Talks to Sell Assets in Crypto Project Diem: Report
26.1.2022
Meta, formerly Facebook, is reportedly in talks with investment bankers to sell its assets in the cryptocurrency project Diem, formerly Libra. The diem USD stablecoin was supposed to be issued by Silvergate Bank but it failed to get regulatory approval. Meta Reportedly Seeking Buyers for Diem...
IMF Urges El Salvador to Drop Bitcoin Tender Law, Executive Board Report criticizes BTC Bonds, Chivo Wallet
25.1.2022
The International Monetary Fund (IMF) has been very critical of cryptocurrencies and according to a report on Tuesday, the IMF’s board has “urged” El Salvador to discontinue its bitcoin tender status. A few members of the IMF’s board said the country’s decision...
What is the best marketplace to buy NFTs? | Find out now on The Market Report
25.1.2022
Cointelegraph’s resident experts discuss which NFT marketplace offers the best features
Report: Google Launches Blockchain Division
25.1.2022
The software behemoth Google has reportedly started a new blockchain-based division inside its Labs group. The division will also deal with other distributed computing and data storage technologies. While the company has been wary of associating with any form of cryptocurrency, Bill Ready...
SEC Has Taken 97 Crypto Enforcement Actions So Far — Crypto a Top Priority for Chairman Gensler
24.1.2022
The U.S. Securities and Exchange Commission (SEC) has brought 97 cryptocurrency enforcement actions so far. Furthermore, the securities regulator has imposed approximately $2.35 billion in total monetary penalties against digital asset market participants. 97 Crypto Enforcement Actions Cornerstone...
Biden Administration Preparing to Release Government-Wide Crypto Strategy: Report
24.1.2022
The Biden administration is reportedly drafting a government-wide cryptocurrency strategy as an executive order. The directive is expected to be presented to President Joe Biden in the coming weeks. The strategy could be released as soon as next month. US Government-Wide Crypto Strategy The Biden...
New BHUNT Malware Targets Cryptocurrency Wallets via Software Installs
22.1.2022
Bitdefender, a cybersecurity and antivirus company, has detected BHUNT, a new kind of malware that targets cryptocurrency wallets via software installs. The malware works on top of installs of unsecured or cracked software, that already comes packaged with the system to be deployed on desktop...
SEC rejects MicroStrategy's Bitcoin accounting practices: report
21.1.2022
The business intelligence firm has reported it used non-GAAP methods of calculating figures for its BTC buys excluding the “impact of share-based compensation expense and impairment losses and gains on sale from intangible assets."
Report: A16z to Raise $4.5 Billion for Crypto Investments
21.1.2022
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year....
Bulgaria's finance minister says country is exploring crypto payment options: report
21.1.2022
The government official added that he thought Bulgaria was unlikely to become a major hub for crypto miners, many of whom many are reportedly considering leaving Kazakhstan
Nations to adopt Bitcoin, crypto users to reach 1B by 2023: Report
21.1.2022
Global crypto users could top a billion by the end of 2022, according to a new report by Crypto.com
New research expects a gloomy year for Bitcoin as DeFi and DAOs rise
21.1.2022
On the brighter side, DeFi will continue to expand and adapt, with DAO governance eventually becoming a major driver of activity on the chain
SundaeSwap launches on Cardano but users report failing transactions
21.1.2022
The first DEX on Cardano launched on the mainnet today to allow traders to perform swaps and add liquidity, but network congestion has slowed transactions processing