ZachXBT, a cryptocurrency news outlet, reported that four Friend.Tech users lost a total of $385,000 to SIM-swap attacks. SIM-swap attacks are a type of cybercrime in which a hacker takes control of a victim’s phone number and uses it to gain access to their online accounts. The victims of the attack were not identified.SIM-swap attacks […]
El Salvador is pioneering a novel approach to Bitcoin mining with the launch of “Lavapool”, a mining pool powered by renewable energy. The ambitious project, spearheaded by Volcano Energy, seeks to establish a nationwide mining industry by leveraging the country’s abundant geothermal potential.Volcano Energy is constructing a 241-Megawatt renewable energy park in Metapán, as well […]
The Stellar Development Foundation has released a financial inclusion framework that provides insights into the role of blockchain technology in facilitating payments both locally and internationally. The framework was developed in cooperation with PricewaterhouseCoopers International (PwC) and focuses on four countries: Kenya, the Philippines, Columbia, and Argentina.The framework provides a methodology to assess the capabilities […]
MultiBank.io is a trading platform that supports 90+ crypto trading pairs and can handle 9 million trades per second. It offers low fees and an impressive 125:1 leverage on certain digital assets, including Bitcoin and Ethereum. Fiat to crypto transfers are enabled via credit and debit cards, bank transfers and Apple Pay. MultiBank also acts […]
The ongoing trial of the former CEO of the defunct crypto exchange FTX, Sam Bankman-Fried, continued on October 4 with both parties giving their opening arguments. The prosecution accused SBF of stealing customers’ funds up to $10 billion and spending it on himself and political contributions. The defense argued that SBF acted in good faith […]
The FTX exploiter has moved roughly $36.8 million worth of Ether ETH in the last 24 hours, amidst the ongoing court trials of the defunct crypto exchange’s ex-CEO Sam Bankman-Fried (SBF). On November 11, 2022, accounts linked to FTX and FTX U.S. were drained off $600 million, hours after the crypto exchange had filed for […]
MEXC Ventures, a subsidiary of the MEXC cryptocurrency exchange, has made a significant investment in The Open Network (TON). This marks the company’s most ambitious layer-1 financial commitment to date. The partnership aims to transform Telegram’s app into a user-friendly cryptocurrency hub, with TON as a bridge to the Web3 platform.The native digital asset of […]
Binance, the world’s leading cryptocurrency exchange, has announced that it will be delisting 19 BUSD trading pairs on October 6th. The exchange cites poor liquidity and an upcoming discontinuation of BUSD support in Q1 2024 as possible reasons for the delisting. Tokens remain available on Binance’s Spot platform, and users are advised to update or […]
Visa has been playing a crucial role in driving the adoption of digital assets by integrating conventional payment cards into cryptocurrency exchange offerings. Akshay Chopra, VISA’s VP head of Innovation & Design, spoke to Cointelegraph reporter Ezra Reguerra during a panel at the Blockchain Economy Dubai Summit and highlighted the role that Visa cards have […]
Central Banks in the Eurozone are planning to launch a wholesale Central Bank Digital Currency (CBDC) in the near future. This CBDC is designed for financial institutions and businesses, and is intended to streamline financial operations and enhance efficiency in settling transactions. The Central Bank is exploring various protocols, blockchains, and even a proprietary Distributed […]
