Crypto is generally perceived as a risky investment, and while there is some truth to that, no one can ignore the utility of digital assets. Bitcoin and other similar cryptocurrencies were created with a purpose in mind; thus, they have different real-world applications. If you’re wondering what you can do with digital currencies, this article …
Happy New Year! The New Year sees a continuation of the fallout from bankrupt crypto exchange FTX, with its new management now trying to claw bank charity donations and other investments made under former CEO SBF, who has denied fraud. $1.7 million has also been sent from Alameda Research controlled wallets to mixers days after …
Question If an experienced early-stage fintech operator was looking for a change of pace and wanted to jump into a product strategy or business development role at a more mature, established company that was looking to import some fintech brain power, where should they look? Answer 1 There are a few different options that an …
The crypto market is different from the traditional one, and here are the main differences: Crypto is not released by central banks, so does not have central control Crypto emission is laid in the algorithms that can’t be changed Nobody can increase the emission of crypto or cut it. Crypto coin price depends on the …
Question Are there any viable options for cryptocurrency mining available in the present day? Ethereum has discontinued mining afte switched to proof-of-stake model, and Bitcoin requires a substantial amount of data processing power. Are there any other cryptocurrencies that can be mined? Answer 1 It is not economically feasible for individuals to mine profitably. This …
The US Department of Justice is reportedly considering charging executives of Binance, the world’s largest cryptocurrency exchange, with various criminal charges, including for money laundering and sanctions violations. This comes after the recent collapse of the FTX cryptocurrency exchange and this week’s arrest and indictment of its founder and former CEO Sam Bankman-Fried. Before it …
Updated on 2022-11-14 FTX reported suffering a theft of $600 million from its wallets. The crypto exchange urged users to delete their FTX apps and refrain from using the website. Read more: $1 billion of FTX customer funds have vanished, Reuters reported Updated on 2022-11-13: ‘FTX Has Been Hacked’ – Outflows Exceeding $600M FTX officials …
Updated on 2022-11-13: U.S. seizes $3.36 billion in cryptocurrency from second Silk Road hacker Remember a few years ago how “Individual X” stole 70,000 bitcoins, worth about $1 billion, from the notorious Silk Road dark web marketplace and held onto it for seven years, only to apparently give it back to feds and no charges …
Updated on 2022-11-15 In one of the most tumultuous weeks in crypto, the formerly second largest crypto exchange FTX collapsed, with a potential rescue deal from competitor Binance ending in 48 hours. The exchange is now facing criminal misconduct charges in the Bahamas, questions are being thrown around about what this means for crypto regulation, …
Updated on 2022-12-22: Kiss-a-Dog expansion Cado Security has an update on the Kiss-a-Dog crypto-mining gang. Researchers say the group, which was known to target Docker and Kubernetes servers, is now also going after Redis databases. Read more: CrowdStrike Identifies New Kiss-a-Dog Cryptojacking Campaign Targeting Vulnerable Docker and Kubernetes Infrastructure Kiss-a-Dog Discovered Utilizing a 20-Year-Old Process …
Updated on 2022-10-13 The Celsius cryptocurrency exchange laid bare an enormous database of 14,500 pages, containing the names and transaction details of its users, as part of a court filing. Read more: Celsius Exchange Data Dump Is a Gift to Crypto Sleuths—and Thieves Updated on 2022-10-11: Celsius Accidentally Doxxed Hundreds of Thousands of Users Celsius …
Updated on 2022-10-27: Binance hack investigation Binance CEO Changpeng Zhao said the company is narrowing down the identity of the hacker behind the recent $570 million hack of its BNB Chain platform earlier this month. Read more: Binance is ‘narrowing down’ identity of hacker behind $570 million crypto attack, CEO says Updated on 2022-10-10: Binance …
a16z’s newest bet on Twitch co-founder’s Web3 startup Twitch co-founder Justin Kan’s newest venture, Rye, is an ecommerce marketplace that wants to be the “Spotify for ecommerce.” Read more: A16z Crypto Leads $14 Million Bet On Rye, New Web3 Commerce Startup From Justin Kan Singapore gets sweeter on crypto Coinbase Singapore and Blockchain.com have earned …
Updated on 2022-09-28: npm malware Twenty-three JavaScript libraries were removed from the npm portal over the past two days after researchers found malware hidden in their code. See the list here. Updated on 2022-09-23: Compromised npm Packages Affect Cryptocurrency Projects Multiple npm packages used by cryptocurrency projects have been compromised and are installing information stealers. …
Overview: Singapore’s DBS Bank Expands Its Crypto Trading Service For 100K Customers Singapore based bank DBS has expanded its crypto trading service to more its 100,000 of its high net worth clients. The DBS clients will trade virtual currencies through its member-only decentralized exchange, DDEx, which was previously limited to corporate and institutional investors, family …
