Crypto.com Finally Admits It Lost $30 Million in a Hack

Crypto.com Finally Admits It Lost $30 Million in a Hack

As Russia continues to teeter on the brink of invading Ukraine, IT administrators in the beleaguered country and researchers have discovered destructive data wiping malware posing as ransomware and lurking in a number of Ukrainian networks. The situation evokes past devastating Russian malware campaigns against Ukraine—including the infamous NotPetya attack in 2017. Elsewhere on the continent, … Read more

What does it mean in crypto?

Buyback-and-burn: What does it mean in crypto?

Miners can burn virtual currency tokens using the proof-of-burn (PoB) consensus mechanism. Proof-of-burn is one of several consensus mechanisms blockchain networks use to verify that all participating nodes agree on the blockchain network’s genuine and legitimate state. A consensus mechanism is a collection of protocols that use several validators to agree on the validity of … Read more

How to Invest in Crypto, COVID Winners and Losers in Stocks: Advisor

How to Invest in Crypto, COVID Winners and Losers in Stocks: Advisor

Kevin Philip believes that the COVID-weakened sectors are poised to make big gains this year. He also says that Web3 applications will be a big economic driver, allowing tech to dominate. Philip shared how he plans to use “classic” investing methods to gain crypto exposure. In the first innings of COVID-19, recreation, travel, leisure, and … Read more

How to Get a Job in Crypto

How to Get a Job in Crypto

Insider asked Messari analyst Mason Nystrom how to get a job in crypto or Web3. He shared five tips for newcomers to the space who are looking to boost their resumes. “We’re seeing a brain drain from existing companies into crypto because it’s an opportunity to build the future,” Nystrom said. Two of last year’s … Read more

Crypto Crash Outlook and Strategy From Sports Investing Titan, Paul Martino

Crypto Crash Outlook and Strategy From Sports Investing Titan, Paul Martino

Venture capitalist Paul Martino made a name for himself in the business of sports after investing in FanDuel early doors. He explains why he isn’t sold on crypto companies yet, even as they splurge on sports. He shares 2 companies that are combating the challenging growth environment in sports betting. Paul Martino, general partner and … Read more

Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country’s Muslim Population – Regulation Bitcoin News

Indonesian Religious Organization Issues Decree Forbidding Use of Crypto by Country's Muslim Population – Regulation Bitcoin News

Indonesia’s Tarjih Council and the Central Executive Tajdid of Muhammadiyah have issued a fatwa (decree) stipulating the illegality of cryptocurrency use or investment by the country’s Muslims. The fatwa points to the volatility as well as the lack of state backing as reasons why Muslims must avoid investing or using cryptocurrencies. Cryptocurrencies Thought to Be … Read more

Dangerous game? Football clubs look to mine fans’ cash with crypto offerings | Cryptocurrencies

When FC Barcelona took to the pitch for the 2021 Spanish Super Cup final, the trophy wasn’t the only prize at stake.Thousands of blaugrana fans were also keeping an eye on the market for FCB’s “fan token”, the club’s very own cryptocurrency. Socios, the web-based platform that pioneered fan tokens, had promised to “burn” 20,000 … Read more

Crypto prices today continued to decline as Bitcoin, Ether, Shiba Inu fall

Bitcoin price today continued the declining trend by trading below $39,000 level, hit by investors’ weakening sentiment. (REUTERS)

With cryptocurrencies trudging through a dark stretch, Bitcoin price today continued the declining trend by trading below $39,000 level. The largest digital asset by market value has been on a downward streak losing roughly 40% since a peak reached in November. Continuing the declining trend, Bitcoin price today tanked 9.4 % trading at $36,436.88. For … Read more

Why Some Countries Are Banning Crypto Advertisements

Profile image

Despite immense popularity, the cryptocurrency market remains unregulated in many countries. This leaves investors vulnerable to various scams and frauds. Misleading advertisements is one such menace that can result in some investors losing their hard-earned money.Sensing the urgency of the matter, some governments across the world have now planned to crack down on such misleading … Read more

Mitigation of Crypto Risk from Bank Regulation

Mitigation of Crypto Risk from Bank Regulation

Gabriel is an Associate on the Telecom team and the Co-Lead Associate on the Blockchain and Digital Assets team in the firm’s Washington, D.C. office. He is a Blockchain Law Professional as Certified by the Blockchain Council. At Sheppard Mullin, Gabriel assists the Telecom team in all aspects of communications law and regulation including, satellites, … Read more

2022 crypto predictions from Prime Trust CFO Rodrigo Vicuna – TechCrunch

2022 crypto predictions from Prime Trust CFO Rodrigo Vicuna – TechCrunch

Rodrigo Vicuna Contributor Cryptocurrency and blockchain had a breakout year in 2021. ust look at the numbers: 80 million unique crypto wallets; Bitcoin and Ether grew 60% and 407%, respectively; El Salvador adopted bitcoin as official currency; the NFT market generated $2.5 billion in trades. Even Burger King announced a whopper when they got in … Read more

MicroStrategy shares drop on bitcoin’s slide, SEC rejection of company’s crypto accounting

MicroStrategy shares drop on bitcoin's slide, SEC rejection of company's crypto accounting

MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.Joe Raedle | Getty ImagesShares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission reportedly rejected the company’s bitcoin accounting strategy.The business-intelligence software company’s … Read more

Twitter’s new NFT profile feature ruffles feathers in crypto community, including those of Elon Musk

Twitter's new NFT profile feature ruffles feathers in crypto community, including those of Elon Musk

Reaction in the crypto community has been mixed to Twitter’s move to start allowing some users to use their non-fungible tokens, or NFTs, as their profile pictures on Thursday.  Users of Twitter TWTR, -5.95%’s Blue Subscription service, which charges a monthly subscription fee of$2.99, can now connect their Twitter account with a cryptocurrency wallet, and … Read more

SEC, CFTC May Be the Way in Crypto Regulation

SEC, CFTC May Be the Way in Crypto Regulation

Calling cryptocurrency the “Wild West” of finance, the U.S. Securities and Exchange Commission (SEC) chairman has said regulating crypto trading platforms is one of the biggest challenges facing Congress. Yuliya Guseva, a professor of law at Rutgers Law School and head of the blockchain and FinTech programs, told PYMNTS the SEC needs new specific rules … Read more

Missed Out On The Crypto Increase? Don’t Worry There’s A Bonus Round With Avalanche and HUH Token

Missed Out On The Crypto Increase? Don't Worry There's A Bonus Round With Avalanche and HUH Token

Missed Out On The Crypto Increase? Don’t Worry There’s A Bonus Round With Avalanche and HUH Token by Analytics Insight January 21, 2022 The investors of Avalanche and HUH Token have received some spectacular rewards.After an embarrassingly slow start to the crypto new year, the tides of the crypto machine are starting to change and … Read more

EXCLUSIVE Islamist attacker’s suspected accomplices used crypto exchange Binance, German police say

EXCLUSIVE Islamist attacker's suspected accomplices used crypto exchange Binance, German police say

Biance app is seen on a smartphone in this illustration taken, July 13, 2021. To match Special Report FINANCE-CRYPTO-CURRENCY/BINANCE REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to Reuters.comRegisterLONDON, Jan 21 (Reuters) – Two men suspected by Germany of assisting an Islamist gunman, who killed four people in Vienna in 2020, used the major cryptocurrency … Read more

2021: The year that made crypto a household name

2021: The year that made crypto a household name

With the first public companies and legendary investors publicly stating their support for Bitcoin, 2021 will go down as the year of mass adoption and the beginning of institutional interest in crypto. After an already crazy year for crypto in 2020, the market continued to soar and, more importantly, network adoption followed suit. An estimated … Read more

Bitcoin Outlook and 7 Blockchains to Beat Ethereum: VC

Bitcoin Outlook and 7 Blockchains to Beat Ethereum: VC

CV VC is one of the biggest investors in blockchain companies in Switzerland’s “Crypto valley.” We spoke to its founder and CIO on the market outlook, including what’s next for bitcoin and ethereum. He shared seven crypto projects he’s most bullish on, even in light of the current market sell-off. Switzerland’s ‘Crypto Valley’ is one … Read more

After Ban, Kosovo’s Crypto Miners Weigh Options

After Ban, Kosovo’s Crypto Miners Weigh Options

Crypto mining has become a craze particularly in several northern, majority-Serb municipalities of Kosovo where consumers have not paid for electricity since the 1998-99 Kosovo war, when NATO air strikes halted a brutal Serbian counter-insurgency war and the then province became a ward of the United Nations. Majority-Albanian Kosovo declared independence in 2008 but still … Read more

El Salvador Plans to Offer Crypto-Based Loans for SMEs

El Salvador Plans to Offer Crypto-Based Loans for SMEs

According to Steiner, the government has been in talks with Acumen since October 2021, following the approval of bitcoin as legal tender in the Central American country. In parallel, it holds negotiations with different crypto lending platforms looking to provide loans to Salvadoran SMEs, Steiner said, adding that, if signed, the agreements could total $200 … Read more

budget: Budget 2022: Crypto startups and exchanges seek clarity on taxing, buying and selling cryptocurrencies

budget: Budget 2022: Crypto startups and exchanges seek clarity on taxing, buying and selling cryptocurrencies

NEW DELHI: The cryptocurrency bill may not be introduced in the Budget session of Parliament as the Centre needs more time to build consensus on the regulatory framework for these digital assets in India. The government is reportedly also waiting for the Reserve Bank of India to first conduct a pilot launch of its own … Read more

Bitcoin falls below $40,000, ether, dogecoin, Solana, other crypto prices today also crash

Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed in this illustration. (REUTERS)

Bitcoin price today continued the declining trend by trading below $40,000 level, hit by investors’ weakening sentiment. The world’s most popular and largest cryptocurrency by market value tanked 5% to $39,749. Bitcoin has slipped more than 10% since the start of this year (year-to-date or YTD). Meanwhile, the global cryptocurrency market cap today plummeted over … Read more

Witnesses Debate Crypto Mining’s Efficiency in Congressional Hearing on Environment

Witnesses Debate Crypto Mining's Efficiency in Congressional Hearing on Environment

Rep. Cathy Rodgers (R-Wa.), who began the hearing with an off-topic speech about inflation, COVID and the current U.S. president, asked about the potential of blockchain to protect citizens’ privacy, as well as the potential adverse impact of regulation on job and investment growth. Rep. Annie Kuster (D-N.H.) inquired about innovations that could stem from … Read more

Robinhood to start rolling out crypto wallets

Robinhood to start rolling out crypto wallets

Robinhood Markets Inc is rolling out crypto wallets to a 1,000 users, allowing them to send and receive cryptocurrencies through their brokerage accounts, the company said in a blog post on Thursday.The Menlo Park-based online brokerage had laid out plans to begin testing cryptocurrency wallets last year, with the aim of a broader rollout in … Read more

Eric Adams Is Taking His First Paycheck in Crypto

Eric Adams Is Taking His First Paycheck in Crypto

On some level, the new mayor is simply employing an age-old political strategy: making overtures to the business community. Fintech is a growing field in New York City, and blockchain-based companies represent a significant part of the sector.The industry, in turn, has embraced Mr. Adams. In late September, Michael Novogratz, a major cryptocurrency investor, hosted … Read more

Cryptos Are Rising, but a ‘Crypto Winter’ May Be Coming

Cryptos Are Rising, but a 'Crypto Winter' May Be Coming

Text size Venture capital is also flooding into the crypto space. Dreamstime Bitcoin and other cryptocurrencies rallied on Thursday as investors snapped up stocks and other “risk assets” after days of selling pressure. Bitcoin was ahead 2.3% in afternoon trading to $43,000. Ether, Solana, Terra, and other major tokens were also rallying, pushing the overall … Read more

Crypto platform Stader Labs raises $12.5 mn on $450 mn valuation

Crypto platform Stader Labs raises $12.5 mn on $450 mn valuation

Crypto currency staking management platform Stader Labs, has raised $12.5 million in a strategic private sale that values the company up to $450 million. The sale was led by Three Arrows Capital with additional participation from Blockchain.com, Accomplice, DACM, GoldenTree Asset Management, Accel, Amber, 4RC, Figment and select angels, including Prabhakar Reddy, Cofounder of FalconX … Read more

Russia proposes ban on use and mining of cryptocurrencies

Russia proposes ban on use and mining of cryptocurrencies

Russian c.bank proposes ban on cryptocurrency useRegulator warns of risks to financial stabilityAnalysts say wider impact negligible for nowBan on cryptocurrency exchanges also proposedMOSCOW, Jan 20 (Reuters) – Russia’s central bank on Thursday proposed banning the use and mining of cryptocurrencies on Russian territory, citing threats to financial stability, citizens’ wellbeing and its monetary policy … Read more

Understanding DeFi and Its Importance in the Crypto Economy

Understanding DeFi and Its Importance in the Crypto Economy

The goal of DeFi is to create an open financial market that is trustless and permissionless. Significant development and investment has been placed into the advancement of DeFi, and as financial advisors, it’s important to understand this space. Much of the technology in the DeFi space builds upon, and improves, the TradFi system, possibly resulting … Read more

Bank of Russia Calls for Full Ban on Crypto

Bank of Russia Calls for Full Ban on Crypto

Mining creates fresh supply of cryptocurrencies, so it stimulates the demand for other crypto services such as exchanges and “creates a non-productive electricity expenditure, which undermines the energy supply of residential buildings, social infrastructure and industrial objects, as well as the environmental agenda of the Russian Federation,” the report said. Source link

Andreessen Horowitz seeks $4.5bn for new crypto investments

Andreessen Horowitz seeks $4.5bn for new crypto investments

Andreessen Horowitz plans to raise up to $4.5bn for a new set of cryptocurrency funds, aiming to more than double the amount it raised less than one year ago in a sign of the growing frenzy surrounding digital assets.The Silicon Valley-based venture capital firm told investors last week it planned to raise up to $3.5bn … Read more

Crypto mining continues to get more difficult despite crackdowns

Crypto mining continues to get more difficult despite crackdowns

Crypto mining hashrates have touched all time highs in the past few months, despite concerns around energy consumption. A global energy crisis has prompted countries like Kosovo, Iran and more to shun crypto miners to prevent power outages. China, famously, drove out almost all of its Bitcoin miners in 2021. Despite many countries showing a … Read more

UnionBank of the Philippines Picks IBM and Metaco for Crypto Custody

UnionBank of the Philippines Picks IBM and Metaco for Crypto Custody

“Think of all the tier-one banks in the market, they’re probably all IBM clients, many of them strategic clients,” said Donoghue in an interview. “They can leverage the existing stack, existing run capabilities to manage Metaco vaults directly from existing infrastructure. And we have a number of other similar deals in the pipeline, leveraging our … Read more

With Bitcoin down, diversify crypto holdings to guard against inflation

With Bitcoin down, diversify crypto holdings to guard against inflation

Bitcoin has had a rough month of declines, likely driven by the Federal Reserve’s planned tightening of its monetary policies this year.Will Cong, professor of finance in the Cornell SC Johnson College of Business and an expert on financial technology, economics and investments, has ongoing research on the coming battle of digital currencies and the … Read more

JPMorgan Has Issued A Stark Ethereum NFT Warning After Huge Solana And Cardano Surge Hits Bitcoin

JPMorgan Has Issued A Stark Ethereum NFT Warning After Huge Solana And Cardano Surge Hits Bitcoin

Bitcoin, ethereum and cryptocurrency prices are struggling after a terrible start to 2022 (even as the non-fungible token (NFT) craze rolls on). Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains The bitcoin price has lost 40% from its value since its November peak … Read more

Govt taps experts on taxing crypto assets held by firms, family offices

Govt taps experts on taxing crypto assets held by firms, family offices

The government has sought the views of tax experts on disclosure and taxation guidelines for companies and family offices that hold cryptocurrencies, said two people aware of the matter. Companies currently have to disclose any holdings or dealings in cryptocurrencies or crypto assets in their filings with the Registrar of Companies (RoC). One of the … Read more

Crypto.com CEO confirms hundreds of accounts were hacked, hedges on other details

Crypto.com CEO confirms hundreds of accounts were hacked, hedges on other details

The CEO of cryptocurrency exchange Crypto.com, Kris Marszalek, has finally confirmed that hundreds of user accounts were indeed compromised by hackers and had funds stolen as a result, though details of the exact method of breach remain unclear. Marszalek acknowledged the hack in an online interview with Bloomberg Wednesday, stating that around 400 customer accounts … Read more

3 Ways Multinational Firms Use Crypto

Investors Pour Almost $30B into Crypto Firms

PYMNTS research into cryptocurrency has found that 58% of firms that operate in six or more markets use at least one cryptocurrency. These companies’ use of cryptocurrency might just be practical, born from a desire for more convenience, as offers unique benefits for cross-border commerce. We also found that multinational firms will typically use cryptocurrency … Read more

Tom Brady’s buzzy celebrity NFT startup Autograph banks $170M from Silicon Valley’s top crypto investors – TechCrunch

Tom Brady’s buzzy celebrity NFT startup Autograph banks $170M from Silicon Valley’s top crypto investors – TechCrunch

Autograph, an NFT agency co-founded by athlete Tom Brady with a particularly deep bench of star power, has banked new funding from crypto investors who hope the platform can bring a new generation of celebrities and their fans into the fold of crypto collectibles. The startup tells TechCrunch it has closed a $170 million Series … Read more

Billionaire Mark Cuban on why NFTs led him to be a crypto evangelist

Billionaire Mark Cuban on why NFTs led him to be a crypto evangelist

For billionaire investor Mark Cuban, there was one defining moment that led him to go all in on cryptocurrency.”I always paid attention to bitcoin, the pricing, the tokens and the [crypto]currencies,” Cuban told Miami Mayor Francis Suarez at The North American Bitcoin Conference on Monday. “But what really got me into it was, about a … Read more

Inflection raises $40 million for its second crypto-focused fund – TechCrunch

Inflection raises $40 million for its second crypto-focused fund – TechCrunch

Early-stage venture firm Inflection has raised a new found to invest into the “open economy”, as the firm says in its investment thesis. With that term, the firm means that it plans to cover all things crypto, web3 and blockchain with its new $40.7 million fund. Limited partners in the Mercury Fund include Accolade Partners, … Read more

Portals, Whatsapp groups assisting crypto investors : The Tribune India

Portals, Whatsapp groups assisting crypto investors

Tribune News Service Chandigarh, January 19 With a sizeable chunk of the Indian populace getting interested in cryptocurrency, there is demand for information. After dedicated websites and portals, many WhatsApp groups have emerged which are not only educating masses on cryptocurrency but are also sharing latest news, information and buying types on crypto. India has … Read more

Crypto IRA Platform iTrustCapital Raises $125M at $1.3B Valuation

Crypto IRA Platform iTrustCapital Raises $125M at $1.3B Valuation

Crypto individual retirement account (IRA) software platform iTrustCapital has raised $125 million in Series A funding with a post-money valuation of over $1.3 billion, according to a press release provided to CoinDesk. The round was led by growth equity firm Left Lane Capital. As part of the investment, Left Lane Principal Matthew Miller will join … Read more

Starving Afghans Use Crypto to Sidestep Sanctions, the Taliban

Starving Afghans Use Crypto to Sidestep Sanctions, the Taliban

When the Taliban took over Afghanistan in August of last year, Fereshteh Forough feared that the group would close her school in Herat, the country’s third-largest city. Code to Inspire, an NGO Forough founded, was teaching computer programming to young Afghan women, and the Taliban oppose secondary education for women. Months later, the picture is … Read more

DeFi platform Multichain says $1.4 million in crypto siphoned from users in a cyber attack

DeFi platform Multichain says $1.4 million in crypto siphoned from users in a cyber attack

Atleast $1.41 million (Rs 10 crore approx.) has been mooched off by cyber criminals due to a “critical vulnerability” in one of the largest crypto token swapping platforms in the world, Multichain, formerly known as Anyswap. This development comes at a time when the security ecosystem around decentralised finance (DeFi) is being questioned, with billions … Read more

Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business

Crypto Miner Argo Diversifies Into Non-Mining Blockchain Business

Argo Labs will mainly focus on network participation and strategic diversification through the efficient deployment of the company’s crypto treasury assets. The network participation will consist of providing infrastructure support, running nodes and validators, and staking in innovative projects. Meanwhile, the other half of the business will include supporting early-stage projects, decentralized finance, NFT and … Read more

Crypto-Related Job Adverts on LinkedIn Increased by 395 Percent in 2021

Crypto-Related Job Adverts on LinkedIn Increased by 395 Percent in 2021

Job postings in the cryptocurrency world jumped nearly fivefold in 2021 amid an explosion of interest in digital assets and NFTs. As per a study conducted by popular professional networking platform LinkedIn, postings with titles including terms such as “bitcoin,” “ethereum,” “blockchain,” and “cryptocurrency” grew a whopping 395 percent in the US year on year, … Read more

EU should ban energy-intensive mode of crypto mining, regulator says

EU should ban energy-intensive mode of crypto mining, regulator says

A top EU financial regulator has renewed calls for a bloc-wide “ban” on the main form of bitcoin mining and sounded the alarm over the rising proportion of renewable energy devoted to crypto mining. Erik Thedéen, vice-chair of the European Securities and Markets Authority, told the Financial Times that bitcoin mining had become a “national … Read more