KlaySwap crypto users lose funds after BGP hijack

KlaySwap crypto users lose funds after BGP hijack

Hackers have stolen roughly $1.9 million from South Korean cryptocurrency platform KLAYswap after they pulled off a rare and clever BGP hijack against the server infrastructure of one of the platform’s providers. The BGP hijack—which is the equivalent of hackers hijacking internet routes to bring users on malicious sites instead of legitimate ones—hit KakaoTalk, an instant … Read more

Coinbase And TurboTax Users Can Now Accept Tax Return In Crypto

Coinbase And TurboTax Users Can Now Accept Tax Return In Crypto

Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners.Crypto fans can now receive their yearly tax return in the form of over 100 different cryptocurrencies, including bitcoin and ethereum. … Read more

Crypto Goes Crosschain As Users Chase L1 Incentives

Crypto Goes Crosschain As Users Chase L1 Incentives

The crypto market has changed dramatically throughout the past year as volume, capital, TVL, and incentives migrate away from Ethereum and towards other layer one and layer two blockchains. This has led to a fragmentation of liquidity across various chains, creating slightly more friction for users who are looking to jump into the emerging DeFi … Read more

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

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

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

Most Crypto Users Believe Cryptocurrency Payments Will Become a Standard, Paysafe Study Reveals

Most Crypto Users Believe Cryptocurrency Payments Will Become a Standard, Paysafe Study Reveals

The use of cryptocurrencies has grown considerably over the past year, as more people fall down the Bitcoin rabbit hole. According to a study by payment processor PaySafe, most cryptocurrency enthusiasts are willing to put their money where their mouth is and get paid in cryptocurrencies, ditching fiat once and for all. The report “Inside … Read more

Gullible users, lack of regulation, spur crypto cybercrimes in India

While it’s still not clear how many people in India own cryptos, some of the large crypto exchanges such as CoinSwitch Kuber claim to have over 15 million users. (REUTERS)

NEW DELHI : Last week, India’s Enforcement Directorate conducted several raids as part of an investigation into a massive crypto scam that involved a fake crypto called Morris coin that was floated to dupe millions of investors in Kerala, Tamil Nadu, and Karnataka of over ₹1,200 crore. Last month, the official Twitter handle of Prime … Read more

In charts: Investors not affected by uncertainty over crypto bill, platforms continue to attract users

In charts: Investors not affected by uncertainty over crypto bill, platforms continue to attract users

NEW DELHI Despite uncertainty over crypto taxation and the impending Cryptocurrency Bill, leading industry players continue to attract investors, according to data analysed by conversion media platform Bobble AI. Crypto trading platform CoinDCX witnessed a 45.78 per cent spike in installed users between October and November 2021, while industry player Bitbns leads in terms of … Read more

Airbnb users want crypto payment options, according to CEO Twitter poll

Airbnb users want crypto payment options, according to CEO Twitter poll

Airbnb CEO Brian Chesky tweeted a poll on Monday asking his roughly 400,000 followers what they wanted from the rental platform in 2022.Chesky has today revealed that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. Other requests … Read more

Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’ – Regulation Bitcoin News

Canadian Regulator Insists Binance Is Unauthorized, Calls the Crypto Exchange’s Letter to Users ‘Unacceptable’

The Ontario Securities Commission (OSC) claims that Binance has rescinded its commitment to comply with previously agreed requirements. The crypto exchange told the regulator that there would be no new transactions involving Ontario residents after Dec. 31. However, Binance recently informed its Ontario users that they no longer have to close their accounts by year-end. … Read more

Jack Dorsey says VC involvement means crypto users don’t own Web3 — and Elon Musk seems to agree | Currency News | Financial and Business News

Jack Dorsey and Elon Musk

“You don’t own ‘web3.’ The VCs and their LPs do,” Dorsey said on Monday.MARCO BELLO/AFP/Picture Alliance/Getty Images Jack Dorsey and Elon Musk are decrying venture capital influence on Web3. Crypto users don’t own the next version of the internet, venture capitalists do, Dorsey said. When Musk asked if anyone’s seen Web3, Dorsey said “it’s somewhere … Read more

Coinbase will let users earn interest on crypto but not in the US

Coinbase will let users earn interest on crypto but not in the US

Coinbase has announced that it’ll let users earn interest on their cryptocurrency by lending it to a decentralized finance app called Compound (via Bloomberg). The program isn’t currently available to US users, though, after plans for a similar feature got the company into trouble with the Securities and Exchange Commission. Coinbase says that customers in … Read more

Crypto Users in Australia Up By Over 10 Percent, Bitcoin Most Popular: Report

Crypto Users in Australia Up By Over 10 Percent, Bitcoin Most Popular: Report

The number of crypto investors in Australia has risen to 28.8 percent this year – registering a ten percent increase in the 18.4 percent that was recorded last year, according to a recently released report. This report is called the 2021 Independent Reserve’s Cryptocurrency Index (IRCI). The results of this study also reveal that Bitcoin is … Read more

Australian Tax Office says it can’t rely on crypto users’ own records

Australian Tax Office says it can't rely on crypto users' own records

The Australian Tax Office (ATO) says it can’t rely on crypto investors to keep track of their crypto transactions and profits — even though most investors try their best. Speaking at the 14th International ATAX Conference on Tax Administration conference on Nov. 23, ATO commissioner Chris Jordan stressed that many new crypto investors may not … Read more

A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey

A quarter of Aussie crypto users plan to buy crypto Christmas gifts: Survey

More than a quarter of Australian crypto users surveyed in October plan to use digital assets as a part of their Christmas presents this holiday season. The survey by crypto wallet and services provider Crypto.com polled 2,020 Australians aged 18-59. Of those that had used crypto over the past 12 months, 26% responded that they … Read more

Shiba Inu ($SHIB) Coming to India’s First Crypto Unicorn With 3.5 Million Users

Shiba Inu ($SHIB) Coming to India’s First Crypto Unicorn With 3.5 Million Users

The popular meme-inspired cryptocurrency Shiba Inu ($SHIB) is being listed on the retail-friendly platform of Indian cryptocurrency trading platform CoinDCX. Until now, SHIB was available in the platform in trade-only mode on the professionally-oriented CoinDCX Pro. According to a tweet from CoinDCX, the listing happened this Friday, November 12. CoinDCX is looking to onboard 50 … Read more

Trading App With Over 1 Million Users Expands Crypto Offering With $SOL, $MATIC, $LUNA, and Others

Trading App With Over 1 Million Users Expands Crypto Offering With $SOL, $MATIC, $LUNA, and Others

Public, a popular trading app competing with Robinhood (NASDAQ: HOOD) that has already amassed over one million users, has expanded its cryptocurrency offering with the addition of numerous new cryptocurrencies. According to Business Insider, the company now offers 21 cryptocurrencies via its commission-free trading platform, as it has recently listed Solana ($SOL), Terra ($LUNA), Chainlink … Read more

Crypto gaming, NFTs, Web3 expected to onboard the next billion users into crypto?

Crypto gaming, NFTs, Web3 expected to onboard the next billion users into crypto?

Here’s one way to bring the next billion users in the crypto sector: Crypto gaming + NFTs + Web3. Let’s talk about the recent boom in the gaming aspect. DappRadar, an analytics platform showed a boom in crypto gaming. Last month saw blockchain games make up the majority of activity in the Dapp industry. Around 55% of unique … Read more

What Drives Crypto Users? Distrust of the System or Speculation?

What Drives Crypto Users? Distrust of the System or Speculation?

The rise of bitcoin, ether, Cardano’s ADA and related cryptocurrencies – with market capitalizations returning to all-time highs and at times rivaling that of metals like silver and the world’s major financial companies – warrants an examination of investor views, characteristics and sophistication.One motivation for creating these digital assets was finding a substitute to fiat … Read more

Crypto scammers target iPhone users via dating apps, report says

Crypto scammers target iPhone users via dating apps, report says

The attackers post fake profiles on legitimate dating sites. They connect with their targets through these sites and convince them to continue the conversation on a messaging platform. An international cryptocurrency trading scam is targeting iPhone users through popular dating apps, such as Bumble and Tinder, cybersecurity firm Sophos said.(Sign up to our Technology newsletter, … Read more

CrossTower offers Indian users ₹5,000 credit for learning crypto trading

CrossTower is offering free credit of ₹5,000 to each Indian user

NEW DELHI: Crypto-asset investment and trading CrossTower is offering free credit of ₹5,000 to each Indian user’s wallet for trading in cryptocurrency on its platform. CrossTower has launched this feature to allow Indian users to learn crypto trading without investing their own. Users will be able to claim the ₹5,000 credit after completing the Know … Read more

Will target 50 mn Indian crypto users in 2 years: CoinSwitch Kuber CEO

(L-R) Vimal Sagar (Co-founder & COO), Govind Soni (Co-founder & CTO), Ashish Singhal (Co-founder & CEO)

Cryptocurrencies are waiting to explode in India and Ashish Singhal, Co-founder and CEO of leading crypto exchange CoinSwitch Kuber, aims to onboard at least 50 million users from India in the next two years, educating them around crypto investments and helping them create wealth. With more than 15 million users in India, CoinSwitch Kuber has … Read more

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