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Blockchain Security Firms Warn of Advanced AI Crypto Scams in 2024
27.12.2023
Source: Adobe / ink drop Blockchain security firms are cautioning crypto projects and investors about the looming threats of more sophisticated AI-powered scams in 2024. Despite the improvement seen in scam and hack-related losses, dropping from $4 billion in 2022 to $1.7 billion in 2023, experts...
Solana Price Prediction as SOL Drops 10% – Time to Buy the Dip?
27.12.2023
Solana. Source: Adobe The price of SOL, the native cryptocurrency of the smart-contract-enabled layer-1 Solana blockchain protocol, continues to cool following a meteoric rise in the past few weeks. SOL was last changing hands around $112 per token, down roughly 10% from highs printed earlier...
South Korea to Mandate High-Ranking Public Officials to Disclose Cryptocurrency Holdings by Next Year
27.12.2023
Source: CJ Nattanai/Adobe South Korea has announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year. In a Wednesday press release, the country’s personnel ministry said this proactive approach is intended to address potential...
Top Crypto Gainers Today on Uniswap – 1CAT, METIS, UNI
26.12.2023
The 1CAT, METIS, and UNI prices are surging today, making them the top crypto gainers on Uniswap. Image by: vladim_ka, Adobe Stock. The 1CAT price is surging currently, positioning the token as one of the top crypto gainers today on Uniswap. 1CAT in particular is seeing an uptick in trading...
New EU Crypto Regulation Allow Governments to Freeze and Seize ‘Unexplained Wealth’ Believed Tied to Crime
26.12.2023
EU has passed expanded powers allowing governments to freeze and confiscate crypto tied to a crime. Image by Vitalii Vodolazskyi, Adobe Stock. European Union officials reached an agreement on December 12 on new crypto regulations that will grant member states expanded powers to freeze...
Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding
26.12.2023
Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...
Telcoin Loses $1.3 Million in Security Breach, TEL Price Plummets Over 50%
26.12.2023
Source: Adobe / zedtox The Telcoin app recently faced a series of targeted attacks draining several wallets, causing a sharp 65% decline in the price of Telcoin ($TEL) for a brief period. The exploited vulnerability is estimated to have resulted in a loss of around $1.3 million. The identified...
Balancing Act: Cryptocurrency, Data Mining, and Sustainability – Navigating the Right Path
25.12.2023
Source: Adobe / Photocreo Bednarek Data mining plays a crucial role in the cryptocurrency space as it is integral in providing market analysis, risk management, and ensuring security and integrity of transactions is in place. Traders and investors use data mining techniques to analyze market trends...
Storm Thwarts Suspected South Korean Crypto Price Fixer’s Flight to China
25.12.2023
Source: Robert Kneschke/Adobe South Korean coast guards – and rough sea weather – appear to have thwarted a high-profile suspected crypto price fixer’s daring effort to flee the country for China. Per Joongang Ilbo, coast guards in South Jeolla Province arrested the man, surnamed Park and nicknamed...
People’s Bank of China Stresses on Global Regulation for Crypto and DeFi Markets
22.12.2023
Source: Eagle/Adobe China’s central bank has called on global financial authorities to regulate the digital asset and decentralized finance (DeFi) markets in its recent financial stability report. The People’s Bank of China released a report on Dec 22 highlighting a regulatory pathway for local...
New Argentina President Legalizes All Foreign Currencies For Payment – Including Bitcoin
22.12.2023
Source: Alexey Novikov / Adobe Argentina’s newly elected leader, Javier Miliei, has struck down forced legal tender laws forcing Argentinians to settle debt obligations in specific currencies, enabling use of alternatives like USD and Bitcoin (BTC). The rule comes attached to a sweeping executive...
Hong Kong Financial Regulator Prepared to Accept Applications for Spot Crypto ETFs
22.12.2023
Source: Adobe/leungchopan Hong Kong’s Securities and Futures Commission (SFC) has expressed its readiness to consider applications for spot crypto exchange-traded funds (ETFs). The SFC and the Hong Kong Monetary Authority (HKMA) have issued a joint circular addressing the increasing interest...
Ripple CEO Brad Garlinhouse Fires At SEC Over Crypto Noncompliance Comments
22.12.2023
Source: Adobe/Kristina Blokhin Ripple CEO Brad Garlinghouse has lashed out at the US Securities and Exchange Commission (SEC) chair Gary Gensler, accusing him of “stunning hypocrisy” in the crypto industry. Garlinghouse’s criticism comes in response to Gensler’s recent...
Scammers Banked $59 Million in Crypto Exploiting Google Ads
22.12.2023
Source: Adobe / zedtox Scammers have over the past nine months used a wallet-draining service named “MS Drainer” to siphon around $59 million worth of crypto from numerous victims, according to a recent report by blockchain security firm Scam Sniffer. The scam operated through Google...
Solana (SOL) Flips BNB, Gains 17% in 24 Hrs to Become Fourth Largest Crypto
22.12.2023
Solana. Source: Adobe The price of Solana (SOL) gained as much as 17.15% within the last 24 hours in a massive rally to become the fourth largest crypto in terms of market cap. As of writing, SOL is trading at $98.63, boasting a market capitalization of nearly $42 billion. This surge propels Solana...
Russia’s Digital Ruble ‘Will Affect Banks’ Liquidity’ – Report
22.12.2023
Source: Yevgeniy Vershinin/Adobe Russia’s digital ruble will affect the commercial banking sector’s liquidity, experts have claimed as the nation prepares for a CBDC rollout. Per the media outlet Comnews, Russian financial industry experts expressed mixed feelings about the CBDC at a banking...
Big Rise in New Spanish Crypto Firms Recorded in 2023, Says Central Bank
22.12.2023
Source: bin/Adobe Spain’s Central Bank says the number of licensed crypto-related firms in the country grew by 50% in 2023. Per data released by the bank, as well as a report from Criptonoticias, the bank has recently given some 30 firms operating permits. The list of Bank of Spain-approved crypto...
Crypto Analysts are Building a Position in This AI Token – What Do They Know?
21.12.2023
Launchpad XYZ is running an AI token presale while building AI tools to empower crypto investors with data-driven insights. Image by ginstudio, Adobe Stock. With over 8,000 active cryptocurrencies crowding the market, it can be an overwhelming task for investors to identify promising projects with...
SEC and Terraform Labs Court Filings to Stay Confidential Prior to Crypto Fraud Trial
21.12.2023
A judge has approved confidential court filings in the SEC’s lawsuit accusing Terraform Labs of crypto fraud ahead of the much-awaited trial. Image by maurice norbert, Adobe Stock. New details have come to the surface regarding the high-profile crypto fraud case between the United States...
Bitcoin Dominance Reaches 2-Year High, Exceeding 53%
21.12.2023
Source: Adobe / AMERO MEDIA Bitcoin’s share of the overall crypto market capitalization, known as the Bitcoin dominance, has reached a 2-year high at over 53%. According to data from TradingView, the Bitcoin (BTC) dominance has risen from 52% to over 53% over the past week, after having traded...