Social media platforms have implemented verification features to prevent scammers from impersonating legitimate organizations. However, according to cybersecurity researcher ZachXBT, this well-intentioned feature has inadvertently created a new black market. In the past, verified accounts were easily identified by blue checkmarks. But now, blue checkmarks indicate that the account owner has an X Premium subscription
Crypto
In a recent government vote, Srettha Thavisin, a candidate from the Pheu Thai Party, was elected as Thailand’s 30th Prime Minister. This decision brings a new leader to power who has a history of involvement in the cryptocurrency industry. Thavisin’s previous role as CEO of real estate giant Sansiri led to his company investing in
In recent years, the US Federal Bureau of Investigation (FBI) has uncovered a series of cyber-attacks carried out by the Lazarus Group, a notorious North Korean hacking collective. With each attack, the hackers have drained millions of dollars’ worth of cryptocurrencies. The FBI has now issued a statement, warning cryptocurrency companies about a potential move
In a recent announcement, Binance, the largest cryptocurrency exchange in the world, declared the termination of its crypto debit cards for customers in the Latin America and Middle East regions starting from September 2023. The decision will render the Binance crypto debit cards unavailable for use in the affected regions, effective from September 21. The
The world of Web3 has just witnessed a groundbreaking development with the launch of Unstoppable Messaging by Unstoppable Domains. This cutting-edge end-to-end encrypted Web3 domain messenger aims to revolutionize the way Web3 participants connect with friends, stay updated on their projects, and foster communities in a decentralized manner, all while ensuring utmost privacy. Unstoppable Messaging
Sonik Coin ($SONIK) is a rapidly emerging player in the meme coin space. As a community-driven meme token, it aims to become the fastest-growing project in its niche. With a fair presale currently underway and attractive staking rewards, Sonik Coin injects hilarity and vibrant energy into the meme coin market. Following the recent successes of
Cryptocurrencies have become increasingly popular in recent years, with stablecoins being one of the fastest-growing sectors. However, last year’s stablecoin implosion highlighted the need for global regulations and norms to ensure the stability and transparency of this sector. While many international leaders have called for such regulations, only a few have taken concrete steps to
Chainlink, the decentralized oracle network, has further expanded its integrations by partnering with Base, a Coinbase-incubated layer-2 network. With this recent collaboration, Chainlink now supports a total of 12 integration partners, including Ethereum, Arbitrum, Avalanche, BNB Chain, and Polygon. The integration will provide developers building on the layer-2 blockchain with access to Chainlink Data Feeds
The US Commodity Futures Trading Commission (CFTC) recently made a significant announcement regarding a fraudulent project involving precious metals and digital assets. This fraudulent operation, run by four individuals and their unincorporated entity called Fundsz, managed to attract over 14,000 customers at its peak. However, the CFTC alleges that Fundsz never actually engaged in any
The blockchain market intelligence firm, Nansen, has recently released a comprehensive report analyzing the behavior and investment patterns of the early whales who onboarded Coinbase’s layer 2 blockchain, Base. This article aims to delve deeper into the findings of Nansen’s report and shed light on the preferences and strategies adopted by these pioneering investors. Ethereum
Evernode, a layer 2 smart contract solution built on top of the XRP Ledger (XRPL), has recently announced an upcoming airdrop that aims to benefit XRP holders. This airdrop presents an exciting opportunity for investors to receive free Evers tokens. In this article, we will explore the details of the airdrop and what it means
Brazil is making significant strides in the world of finance with its plan to introduce a central bank digital currency (CBDC) known as DREX. Set to launch in 2024, this innovative digital currency aims to revolutionize the country’s financial services sector and promote financial inclusivity. While Brazil is not alone in its pursuit of a
Attorneys representing Tesla CEO Elon Musk are urging a judge to dismiss a multi-billion dollar case that accuses the billionaire entrepreneur of insider trading with Dogecoin (DOGE), arguing that the accusations are baseless and frivolous. The lawyers argue that the plaintiffs should be barred from burdening the judicial system with additional accusations based on Musk’s
Singapore, known as a global financial hub, has once again solidified its position in the cryptocurrency industry. The leading cryptocurrency exchange, Blockchain.com, has recently obtained a payment institution (MPI) license from the Monetary Authority of Singapore (MAS). This is the second license the company has secured in the city-state, following an in-principle approval obtained in
As the summer season progresses, the digital asset market seems to be experiencing a slump in trading activity. This is evidenced by the outflows of $107 million recorded in digital asset investment products this week. The decline in trading volumes has been significant, with weekly volumes in investment products falling 36% below the year-to-date average.
The cryptocurrency market has entered a period of stagnation, with major cryptocurrencies showing minimal movement in price over the past 24 hours. Bitcoin, the leading cryptocurrency, has been trading around $29,000 for several days now, a narrow range for a typically volatile asset. In fact, Bitcoin’s recent lack of volatility has even led to comparisons
The cybersecurity landscape is constantly evolving, with new threats emerging every day. Blackberry, a pioneer in the smartphone industry, has recently detected several malware families that are being used to run massive campaigns aimed at stealing cryptocurrencies from unsuspecting victims. In its recent report, titled ‘The BlackBerry Global Threat Intelligence Report,’ the company highlights the
The current state of the cryptocurrency market has left altcoin investors disillusioned and doubtful about the future. Michaël van de Poppe, CEO and founder of MN Trading, sheds light on the prolonged crypto winter and its impact on altcoin markets. With the bear market lasting for more than two years, many investors are losing faith.
In the fast-paced world of cryptocurrencies, scammers are constantly finding new ways to exploit unsuspecting users. Changpeng “CZ” Zhao, the CEO of Binance, recently shared a near-miss scam incident, highlighting the need for increased vigilance. This article will discuss the scam tactic used by fraudsters and provide tips on how to protect yourself in the
GameStop, the prominent gaming merchandise retailer, has announced its decision to remove its cryptocurrency wallets from the market starting November 1, 2023. These wallets were introduced by GameStop in the spring of the previous year and allowed users to manage digital assets and non-fungible tokens (NFTs). However, due to the regulatory uncertainty surrounding the crypto
In a new ruling, the Internal Revenue Service (IRS) has declared that staking rewards obtained by U.S. cryptocurrency investors should be included in their gross income. The IRS considers cryptocurrencies as property for federal income tax purposes, and therefore, rewards acquired through the Proof-of-Stake consensus mechanism fall under taxable income. This decision has significant implications
The U.S. Department of Justice (DOJ) has made a formal request to the court to revoke the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of FTX, a bankrupt cryptocurrency exchange. The DOJ’s request is based on SBF’s alleged attempts to tamper with witnesses, which could impede the government’s pursuit of a
Cybercriminals are evolving, shifting their focus from traditional ransomware attacks to a more covert strategy: cryptojacking. As businesses become less willing to pay ransom demands, attackers are turning to the exploitation of stolen computing power to mine digital currency. This adaptive and evasive approach increases their chances of success. According to SonicWall, a leading publisher
In recent days, SHIB, the popular meme coin, has seen a significant rise of nearly 6%, contributing to its monthly gains of almost 12%. This surge can be attributed to the introduction of the Shibarium Beta Bridge, an essential component of the Shiba Inu project’s larger vision to become a comprehensive ecosystem. The team behind
Crypto.com, a leading cryptocurrency exchange, has announced that it has obtained regulatory approval from the central bank of the Netherlands to register as a provider of digital asset services. This recent approval adds to the company’s growing list of authorizations from various European nations, including the United Kingdom, France, Italy, Spain, and more. In its
The House Financial Services Committee (HFSC) faced obstacles in reaching an agreement for stablecoin legislation on Thursday. The failure was primarily due to disagreements between Democrats and the existing text of the bill. Committee Chair Patrick McHenry (R-NC) blamed the White House for the delay, suggesting that the administration’s unwillingness to compromise had brought negotiations
In an unexpected turn of events, Twitter has undergone a sudden rebranding and is now known as X Corp. This surprising move has left many people bewildered, but it appears that Elon Musk has had a grand vision for the platform for quite some time. Let’s delve into what we know about Musk’s plans for