The United States Securities and Exchange Commission (SEC) has reiterated its warning about the dangers of fear of missing out (FOMO) investing, advising investors to tread carefully. This cautionary advice comes just before the commission’s announcement on the approval of pending spot Bitcoin ETFs.The SEC’s Office of Investor Education and Advocacy issued the warning, which […]
Hazem Shawki, a former Goldman Sachs Group, Inc banker who was involved in a 1Malaysia Development Bhd (1MDB) mega deal with fraudster Jho Low, has been appointed to run UBS’ investment bank in the Middle East. Shawki, who was working for Goldman Sachs in Dubai in 2012, was deeply involved with Jho Low and the […]
In a surprising turn of events, the number of kiosks offering the option to purchase cryptocurrencies using cash or debit cards has been on a decline, despite Bitcoin’s record-breaking performance throughout 2023. Data from Coin ATM Radar reveals that the total count of crypto ATMs worldwide has decreased from 37,827 on January 1, 2023, to […]
Crypto payment gateway CoinsPaid has fallen victim to its second security breach in the past six months, with unauthorized transactions amounting to nearly $7.5 million. The breach was detected by Web3 security firm Cyvers, whose artificial intelligence system identified multiple irregular transactions on January 6. These transactions allowed the withdrawal of $6.1 million worth of […]
In the ever-evolving world of cybercrime, a new form of malware, known as “Wallet Drainers,” has been making significant strides. This malware, discovered by Scam Sniffer, is deployed on phishing websites to trick users into authorizing harmful transactions, leading to the theft of assets from their crypto wallets.In a recent report, Scam Sniffer revealed that […]
In a significant development, FTX Group has managed to recover approximately $7 billion in liquid assets. This recovery is a result of a challenging investigation that tested the determination and resilience of all involved parties. Despite the recovered amount being less than the $8.7 billion owed to clients, the gap is gradually closing.A second investigative […]
The influence of cryptocurrency platforms is significant, and their operations can have far-reaching effects across the entire crypto landscape. The recent allegations against Metamask, a popular Ethereum wallet and browser extension, underscore the need for these platforms to operate with transparency and be held accountable for their actions. The potential of the digital currency market […]
The crypto industry is on tenterhooks as it awaits the SEC’s decision on Bitcoin ETFs. Asset management firm VanEck has pledged to donate 5% of the profits from its spot Bitcoin ETF (if approved) to support core Bitcoin developers. Valkyrie’s filing for securities registration of its Spot Bitcoin ETF with the SEC has sparked anticipation […]
Bitcoin developer Luke Dashjr has been unsuccessful in rallying support for a proposed “bug fix” to the Bitcoin code that would halt Ordinals and Inscriptions on the blockchain. Dashjr’s proposal was aimed at addressing the congestion caused by Ordinals and BRC-20 tokens on the Bitcoin network. However, the Bitcoin community has been divided on the […]
Blockchain intelligence firm TRM Labs has revealed that groups associated with the Democratic People’s Republic of Korea (DPRK) were behind approximately 33% of all cryptocurrency thefts through hacks in 2023. The firm’s research, published on January 5, suggests that North Korean hackers may have stolen up to $700 million in cryptocurrency in 2023, with $600 […]
