When Privacy Counts, Crypto Users Turn to Mixing Services

When Privacy Counts, Crypto Users Turn to Mixing Services

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

How criminals get their hands on millions in crypto

How criminals get their hands on millions in crypto

“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

Despite crypto markets sliding into red, betting on digital tokens unabated- The New Indian Express

Despite crypto markets sliding into red, betting on digital tokens unabated- The New Indian Express

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

South Korean crypto exchange plans ‘eco-friendly’ NFTs for K-pop fans

South Korean crypto exchange plans ‘eco-friendly’ NFTs for K-pop fans

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

The man who oversaw YouTube Gaming’s huge streamer deals is leaving for crypto

The man who oversaw YouTube Gaming’s huge streamer deals is leaving for crypto

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

Crypto crash shocks average investors

Crypto crash shocks average investors

“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

Crypto’s gold standard claims are fading fast | Nils Pratley

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

What happens if you don’t disclose crypto activity this tax season

What happens if you don't disclose crypto activity this tax season

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

Elon Musk’s crypto proposition for McDonald’s

Elon Musk's crypto proposition for McDonald's

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

Cornell Tech professor tells Congress crypto can go greener

Cornell Tech professor tells Congress crypto can go greener

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

Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public

Bitmain-Backed Crypto Mining Company Reaches $1.5 Billion SPAC Merger To Go Public

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

These Ten Crypto Billionaires Have Lost $27 Billion Since November

These Ten Crypto Billionaires Have Lost $27 Billion Since November

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

The Rise of the Crypto Mayors

The Rise of the Crypto Mayors

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

YouTube Channels of Crypto Influencers, Indian Exchanges Hijacked to Scam Innocent Investors

YouTube Channels of Crypto Influencers, Indian Exchanges Hijacked to Scam Innocent Investors

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

Bithumb to block crypto withdrawals to unverified private wallets

Bithumb to block crypto withdrawals to unverified private wallets

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

Indonesia regulator says financial firms banned from facilitating crypto sales

Indonesia regulator says financial firms banned from facilitating crypto sales

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

Why young Australians are defecting to work at crypto startups

Why young Australians are defecting to work at crypto startups

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

Hundreds of Y Combinator alumni join crypto collective to back web3 startups – TechCrunch

Hundreds of Y Combinator alumni join crypto collective to back web3 startups – TechCrunch

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

Bitcoin Price Zooms Back Above $35,000 As Crypto Rout Shows Signs Of Easing

Bitcoin Price Zooms Back Above $35,000 As Crypto Rout Shows Signs Of Easing

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

Crypto Crash Sparks ‘Buy the Dip’ Refrain. What To Know Before Your Move ?

Crypto Crash Sparks 'Buy the Dip' Refrain. What To Know Before Your Move ?

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

Decentral Publishing Announces the Launch of the Cryptocurrency Focused Docuseries, Uncensored Crypto With Over 200,000 Sign Ups

Decentral Publishing Announces the Launch of the Cryptocurrency Focused Docuseries, Uncensored Crypto With Over 200,000 Sign Ups

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

Is Bay Area real estate the next frontier for crypto?

Is Bay Area real estate the next frontier for crypto?

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

Decrypting Crypto: Getting started with cryptocurrency

Decrypting Crypto: Getting started with cryptocurrency

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

Swiss tax authorities provide additional clarity on crypto-taxation

Swiss tax authorities provide additional clarity on crypto-taxation

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

Zonda brings European crypto exchange to Canada with FINTRAC approval

Zonda brings European crypto exchange to Canada with FINTRAC approval

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

A Light of Hope in Crypto Market,Top 10 Cryptocurrency Prices Today

A Light of Hope in Crypto Market,Top 10 Cryptocurrency Prices Today

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

University encourages students to study crypto assets // The Observer

University encourages students to study crypto assets // The Observer

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

Crypto fraudster Stefan Qin reveals why he stole $123m

Crypto fraudster Stefan Qin reveals why he stole $123m

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

Survey Says Developers Are Definitely Not Interested In NFTs

Survey Says Developers Are Definitely Not Interested In NFTs

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

Dock to Use Crypto in International Money Transfers

Dock, crypto, remittances, Brazil

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

Here are the countries that moved to outlaw crypto in the past year

Here are the countries that moved to outlaw crypto in the past year

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

Laos Central Bank Authorises Crypto Exchange Platforms

Laos Central Bank Authorises Crypto Exchange Platforms

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

Solana Suffers Network Instability During Brutal Week for Crypto

Solana Suffers Network Instability During Brutal Week for Crypto

(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

Crypto and NFTs meet regulation as Turkey takes on the digital future

Crypto and NFTs meet regulation as Turkey takes on the digital future

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

Here are the celebrities promoting crypto — even as concerns around scams mount

Here are the celebrities promoting crypto — even as concerns around scams mount

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

Creating Passive Income in Crypto: Is It Worth It?

Creating Passive Income in Crypto: Is It Worth It?

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

How It Works, Where Value Comes From

How It Works, Where Value Comes From

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

Union Bank of Philippines to Offer Crypto Trading and Custodial Services – Featured Bitcoin News

Union Bank of Philippines to Offer Crypto Trading and Custodial Services

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

Robinhood: Robinhood starts rolling out crypto wallets to 1,000 users

Robinhood: Robinhood starts rolling out crypto wallets to 1,000 users

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

Elon Musk and Jeff Bezos lose billions as crypto and tech stocks suffer steep falls

Elon Musk and Jeff Bezos lose billions as crypto and tech stocks suffer steep falls

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

Bitcoin, Ethereum, crypto prices fall amid market selloff, Fed digital currency report

Bitcoin, Ethereum, crypto prices fall amid market selloff, Fed digital currency report

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

Elon Musk and Jeff Bezos lose billions as tech stocks and crypto suffer steep falls

Elon Musk and Jeff Bezos lose billions as tech stocks and crypto suffer steep falls

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

This app converts crypto into vouchers you can use at Checkers, Pick n Pay, and Steers

(Image: Getty)

(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