Welcome to PYMNTS’ new series on crypto crime. In it, we’ll be taking a look at the crimes that have not only been committed in the cryptocurrency industry but have defined it — especially Bitcoin — in many people’s minds. We’ll give you a look at the realities and the myths, the methods and tools … Read more
Former First Lady Melania Trump’s hat auction may have become collateral damage in the crypto crash. Trump is taking bids for the hat in the crypto Solana, which plunged 40% over the last week. The hat was meant to be sold with a starting bid of $250,000, but the lot is currently fetching just over … Read more
“With other types of malware, less sophisticated hackers can take a cheaper ‘spray-and-pray’ approach, spamming millions of potential victims and stealing smaller amounts from each individual tricked into downloading the malware.”The report outlines four main examples of crypto-focused malware:Info-stealers: The software collects saved credentials, files, autocomplete history and crypto wallets from devices.Clippers: This can insert … Read more
Express News Service BENGALURU: Even as the crypto market has been struggling for a week now with Bitcoin and Ethereum hitting a six-month low after another wave of selling, crypto platforms have been offering a host of products and launching many tokens. They are optimistic of a recovery soon. Singapore-based crypto exchange Vauld on Tuesday … Read more
The head of South Korea’s biggest cryptocurrency exchange has promised that its non-fungible tokens featuring K-pop stars BTS will be “eco-friendly” after a backlash from environmentally conscious young fans.Upbit launched its crypto art marketplace in November and plans to release a range of NFTs featuring members of BTS in a joint venture with the boy … Read more
Ryan Wyatt, YouTube’s head of gaming who oversaw some of its big deals to bring Twitch streamers to YouTube, is leaving to join the crypto company Polygon Technology, where he will be leading its Polygon Studios organization. Polygon is a “protocol and a framework for building and connecting Ethereum-compatible blockchain networks,” according to its website. … Read more
“You’re going to get more people calling their elected representatives, generally unhappy about crypto or feeling they were wronged in some way,” said Ian Katz, managing director of Capital Alpha Partners, a Washington policy analysis firm. “All regulators and members of Congress want to appear to be alert behind the wheel, and if this turns … Read more
The US-focused shakeout in financial markets has at least given us clarity on one point: bitcoin is not “digital gold” or a “store of value”, to mention two grand claims made about the cryptocurrency when its price was going up.At $37,000, the late-afternoon level on Tuesday, bitcoin has fallen by 22% since the start of … Read more
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution.Jakub Porzycki | NurPhoto via Getty ImagesAfter recent market dips, reporting last year’s cryptocurrency profits on your tax return may be less appealing. But hiding taxable … Read more
Bitwise Asset Management CIO Matt Hougan breaks down the digital coin market on ‘The Claman Countdown.’ Elon Musk has a proposition for McDonald’s: Start accepting Dogecoin. The Tesla CEO teased he would eat a Happy Meal on television if the restaurant giant made the move. Inquiries by FOX Business into McDonald’s were not immediately returned. … Read more
A Cornell Tech expert on blockchain technology testified Jan. 20 before a Congressional subcommittee that digital currency, a notorious energy guzzler, can be validated in more ecologically prudent, greener ways. Ari Juels, the Weill Family Foundation and Joan and Sanford I. Weill Professor at the Jacobs Technion-Cornell Institute at Cornell Tech, told the Subcommittee on … Read more
Leo Lu, founder and CEO of BitFuFu. Courtesey of BitFuFu Cryptocurrency mining services company BitFuFu, backed by industry giant Bitmain, is slated to go public in the United States by merging with a special-purpose acquisition company in a deal that will value the company at $1.5 billion. BitFuFu announced on Tuesday that it would enter … Read more
The fortunes of the wealthiest Bitcoin, XRP and other crypto investors and entrepreneurs have imploded along with the value of digital assets. The worst may not be over. Bitcoin has fallen nearly 50% since it’s record high in November. SOPA Images/LightRocket via Getty Images Ten of the wealthiest cryptocurrency moguls tracked by Forbes have lost … Read more
For now, most crypto-enthused officials are focused on comparatively modest projects. Mark Wheeler, chief information officer for Philadelphia, became fascinated with crypto in 2018 after hearing about an effort in Cook County, Ill., to list property records on a decentralized database.“Improving the quality of property-data management inside city government is like the white whale that … Read more
Hackers are ramping up their activities in targeting the booming crypto sector around the world. In a recent incident, hackers took control of several YouTube channels that belonged to crypto-supporting influencers as well as Indian exchanges, such as CoinDCX, WazirX, and Unocoin. The hackers posted video instructions asking people to wire them money in cryptocurrency. … Read more
Starting on Jan. 27, the South Korean crypto exchange Bithumb will not allow users to withdraw their crypto assets to unverified private wallets.On Jan. 24, the exchange announced that it would be the second of the four major exchanges in the country to ban withdrawals to unverified wallets. Coinone enacted a similar policy late last … Read more
A representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for FREE unlimited access to Reuters.comRegisterJAKARTA, Jan 25 (Reuters) – Indonesia’s Financial Services Authority (OJK) on Tuesday warned that financial firms are not allowed to offer and facilitate sales of crypto assets amid a boom in crypto trading in Southeast Asia’s … Read more
Getty Images Early to mid-career Australians are defecting from legacy organisations and finance to get in on the ground floor of the crypto boom. They say it’s an opportunity to impact real change as Australia develops a regulatory framework for the sector. “In recent months, I’ve heard of a great number of people who are … Read more
Crypto gamers are renting NFTs and paying with a cut of their profits | Fortune Source link
A crypto collective backing web3 startups is seeking new members. The only condition for joining? Applicants must be alumni of the Y Combinator accelerator. The group, called Orange DAO, is an effort to build out a venture structure which can scout out and back young crypto startups. It was formed this fall with a few … Read more
But even the most generous estimates of the number of crypto users, about 200 million today, are a far cry from the more than 1 billion internet users in December 2004. People were actually buying things on Web 1.0 – books, plane tickets, pizzas – and, after 13 years, not many of them are using … Read more
After plunging over the weekend and in early Monday trading to nearly $33,000, the price of Bitcoin bounced back, with the world’s largest cryptocurrency climbing to $35,852 in the mid-afternoon. It was a rise of about 2.2 percent over the prior 24 hours, according to CoinMarketCap. Despite the boost, Bitcoin remains well off its all-time … Read more
It’s looking a little dark out there.Bitcoin, ether and the broader crypto market faced another wave of selling Monday, with the world’s most-traded digital currency down another 8% in a selloff that has seen the digital token shed about a quarter of its value in January alone.’A Window of Opportunity’Invariably, investors are hearing calls of “buy … Read more
Given the recent release of the whitepaper from the Federal Reserve analyzing the pros and cons of a U.S. central bank digital currency (CBDC), it seems a good time to take a fresh look at this issue. Since multiple countries around the world have already launched, or are in the process of launching, CBDCs the … Read more
CHICAGO–(BUSINESS WIRE)–Decentral Publishing, the financial publishing leader dedicated to producing content on the topics of crypto investing, blockchain, and adjacent technologies, is proud to announce that the Uncensored Crypto docuseries is officially available for public consumption by visiting www.UncensoredCrypto.com. The free nine-episode series which resulted in over 200,000 sign ups, was created to demystify the … Read more
The real estate listing reads like your typical Bay Area condo – a tidy, two-bedroom, one-bathroom, with upgraded appliances, granite countertops and just a 10-minute bike ride to Google headquarters and downtown Mountain View. But the Silicon Valley seller and agent added a sweetener for the crypto-savvy: Bring your offers in bitcoin, Ethereum or other … Read more
WACO, Texas (KWTX) – You might have heard the term cryptocurrency, or Bitcoin, but what exactly does that mean, and how can you get started with it?Cryptocurrency is decentralized financial medium, not connected to any country. Dr. Rob Tennant, an accounting professor at Texas A&M University Central Texas, said that’s different than most other money, … Read more
Switzerland is referred by some as a ‘crypto nation’ Switzerland, by some referred to as a ‘crypto nation’, already has non-profit foundations to house hundreds of millions of dollars crowdfunded by blockchain projects and the crypto foundations continue to thrive in Switzerland.In December 2021, the Swiss Federal Tax Administration as well as the Association of … Read more
The Polish crypto exchange serves more than one million customers and has recently rebranded from BitBay. Zonda has become the first European cryptocurrency exchange to be granted regulatory approval to operate in Canada, signaling a new chapter for digital currencies in the country, the firm announced.Catering to more than a million active users, the European-based … Read more
Analytics Insight has listed the top 10 current cryptocurrency prices for January 24, 2022Along with the volatile nature of cryptocurrencies, the crypto market is currently going up a little. Analytics Insight has listed the top 10 current cryptocurrency prices as of January 24, 2022. Bitcoin- US$35,393 (up by 0.45%)Ethereum- US$2,183.32 (up by 0.84%)Binance Coin- US$373.38 (up … Read more
Editor’s Note: This is the third of a three-part series exploring the world of cryptocurrencies and crypto-assets on the tri-campus. The first part of this series covered student involvement, and the second covered risks and valuation techniques. The final segment will cover investment recommendations and University connections to the space. A gaggle of finance students … Read more
A Canberra-born crypto crook who swindled $123 million from investors has given a tell-all interview about why he did it before entering prison.An Aussie crypto fraudster, who stole $123 million from investors and spent most of the money on sugar babies, has given a tell-all interview claiming “greed”, bullying and an ex-girlfriend caused his offending.Stefan … Read more
Image: Bored Ape Yacht Club / My Right Mouse ButtonEvery year ahead of the actual Game Developers Conference the show’s organisers run an industry survey, polling creators around the world on what’s happening and what could be happening in the games business. With 2022 promising to be a tumultuous 12 months, this year’s results are … Read more
Brazilian financial services provider Dock plans to use cryptocurrencies to process international remittances, according to a Friday (Jan. 21) Reuters report. The company also plans to expand to Latin America and Europe. Per the report, Brazilian reais will be converted into bitcoin and then into another currency. From there, the funds will reach end users … Read more
Bitcoin is up 18% over the last 12 months. That’s slightly worse than the 24% gain in Apple’s stock price, and on a par with the 18% gain in the S&P 500 index. Does this mean Bitcoin (BTC) has gone so mainstream that its annual returns are on a par with traditional stock investments? Not … Read more
Last week, Pakistan’s Sindh High Court held a hearing on the legal status of digital currencies that might lead an outright ban of cryptocurrency trading combined with penalties against crypto exchanges. Several days later, the Central Bank of Russia called for a ban on both crypto trading and mining operations. Both countries could join the growing ranks … Read more
Cryptocurrency exchange platforms Lao Digital Assets Exchange and Bitqik are expected to start providing services in April. Get access today Sign up for a free 2-week trial and get instant, unrestricted and unlimited access to Regulation Asia. FREE TRIAL Already taken your free trial? Get in touch with our team and enquire about a subscription … Read more
(Bloomberg) — Solana, one of the largest blockchain networks, was hit by instability during a turbulent week for cryptocurrencies. The issue experienced by validators that use their computing power to help verify the network was caused by excessive duplicate transactions, according to a notice on the Solana website dated Jan. 22. Engineers have released version 1.8.14, … Read more
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.Turkey — the cradle of civilization — is quietly digitizing despite its high-inflation economy, and the lira’s volatility … Read more
Cryptocurrency popularity has boomed in recent years, and celebrities have gotten in on the fanfare. But as criminal activity in the space soars, so has the likelihood that influencer endorsements could lure investors into costly digital-asset scams.Kim Kardashian, Floyd Mayweather, and former NBA star Paul Pierce are among recent celebrities in the hot seat for … Read more
To stake or not to stake, that’s the question being discussed during the Jan. 12 episode of “The Crypto Show” on Backstage Pass. Fool.com contributors Chris MacDonald and Jon Quast discussed how to stake various cryptocurrencies, and whether it makes sense as a long-term strategy. 10 stocks we like better than CelsiusWhen our award-winning analyst … Read more
Value for play-to-earn crypto games comes from a variety of sources, not just one thing. A game’s popularity and demand for its underlying crypto token are all part of the equation, along with transaction fees. Such a business model relies on a constant new flow of players entering the ecosystem and adding value that can … Read more
(WKBN) — Tax season is upon us and for anyone who invested in cryptocurrency or day trading stocks on apps, you might have more taxes you’re responsible for this year. For those who purchased stock and held it before 12 months was up, capital gains taxes will be higher than if it was held for … Read more
One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive. Philippines’ Unionbank to Offer Crypto Trading and Custodial Services Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial … Read more
San Francisco: Silicon Valley-based online trading app Robinhood has announced that it has begun rolling out crypto wallets to 1,000 users from the top of the wallets waitlist. By March, the company said it will expand the programme to 10,000 users before rolling out crypto wallets to the rest of the WenWallets waitlist. “We are … Read more
Tumbling tech stocks and cryptocurrencies have seen the fortunes of some of the world’s richest people take a hit over the past week.Bloomberg reports that Tesla and SpaceX founder Elon Musk lost $25.1bn, Amazon’s Jeff Bezos saw a $20bn drop in his fortune, Changpeng Zhao of Binance lost $17.7bn, and Facebook’s Mark Zuckerberg is $10.4bn … Read more
Mumbai: Indian crypto investors, most of who have jumped on the crypto bandwagon in the past year, are a jittery lot as cryptocurrencies again fell sharply across the board in the past 24 hours following a selloff led by technology stocks in the US on Friday. “I started investing last year after being influenced by … Read more
The price of bitcoin has fallen from its November highs of nearly $70,000 to now around $35,000. On Saturday, bitcoin, the world’s largest cryptocurrency by market value, had fallen around 9 percent in just 24 hours. Since the start of the year, it has fallen around 23 percent. Meanwhile, Ethereum, the second largest cryptocurrency, fared … Read more
Tumbling tech stocks and cryptocurrencies have seen the fortunes of some of the world’s richest people take a hit over the past week.Bloomberg reports that Tesla and SpaceX founder Elon Musk lost $25.1bn, Amazon’s Jeff Bezos saw a $20bn drop in his fortune, Changpeng Zhao of Binance lost $17.7bn, and Facebook’s Mark Zuckerberg is $10.4bn … Read more
(Image: Getty)Startup 6Dot50 is making it easier for holders of crypto tokens such as bitcoin, ethereum, and litecoin to spend it at major South African retailers.Crypto holders signed up on its app can purchase goods and services through its platform at over 80,000 stores in chains such as Dis-Chem, and Incredible Connection.Using crypto, users can … Read more