Scammers are using compromised YouTube accounts to steal millions of dollars in crypto from unsuspecting viewers, according to a new report. The cybersecurity firm Tenable says digital thieves are employing a savvy blend of fake celebrity endorsements and trending cryptocurrencies to reap illicit gains through fake giveaway events. Analyst Satnam Narang says the scammers are …
Yearly archives: 2021
Tanzania reportedly makes plans to launch CBDC
The Bank of Tanzania is reportedly planning to introduce a central bank digital currency, or CBDC, for the African nation after neighboring countries announced similar initiatives. According to a Friday Bloomberg report, Bank of Tanzania Governor Florens Luoga said on Thursday that Tanzania was planning to follow Nigeria’s example in rolling out its own CBDC. …
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DappRadar pivots business model to DApp store with native token
DappRadar, a popular platform that provides analytics and portfolio tracking for the decentralized application (DApp) and nonfungible token (NFT) markets, has announced an upcoming company restructuring to a decentralized business model, in addition to releasing a native governance token, RADAR. Founded in 2018, the site currently boasts over 4 million global users, 600,000 of which …
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Stablecoin issuers poised to be banks of the future on road to adoption
There is no denying the fact that the crypto market has grown from strength to strength over the course of 2021, as is best highlighted by the total capitalization of the industry recently hitting the $3-trillion mark, albeit for a relatively brief period of time. That said, stablecoins, a class of cryptos that have their …
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Hackers can use compromised Google Cloud accounts to install mining software in under 30 seconds: Report
In a report aimed at assessing threats to Cloud users, Google’s Cybersecurity Action Team said that some attackers are exploiting “poorly configured” accounts to mine cryptocurrency. On Wednesday, the Google team said out of 50 analyzed incidents that compromised the Google Cloud Protocol, 86% were related to crypto mining. The hackers used the compromised Cloud …
Whales bought 40,000 Bitcoin during the dip this week
While many individuals might see the recent crypto market correction as a reason not to invest in any of the crypto assets, Bitcoin whales have taken advantage of the dip to buy over $2 billion worth of the flagship digital asset. Bitcoin whales buy more BTC despite the dip Data shared by Santiment recently revealed …
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Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume
A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it’s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today …
Crypto Economy Slides 8% in Value Shaking Out Billions, Blame Placed on New Covid Variant
During the last 24 hours, the crypto economy has lost 8% in value as a great number of crypto asset prices dropped significantly during the overnight trading sessions. Crypto markets lost more than $22 billion in value as the leading digital currencies in the top 20 standings lost anywhere between 6% to 20%. Global Markets …
Flexible Staking Now Live on Bybit’s ByFi Center
sponsored Bybit recently launched Flexible Staking on its ByFi Center. This new service allows traders to stake BTC, ETH, USDT, and USDC to earn stable and guaranteed yields. Participants will receive yield every day for their staked tokens. Traders can get started by staking at least 0.01 ETH, 0.001 BTC, 50 USDC, or 50 USDT. …
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Russian Parliament Sets Up Working Group on Cryptocurrency Regulations
A working group on cryptocurrencies and related activities will soon begin to meet at the State Duma, the lower house of Russian parliament. Its members are expected to take on the task of clarifying various regulatory aspects related to digital financial assets such as the legalization of mining and the introduction of taxation. Working Group …
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Kazakhstan working on a nuclear power plant to sustain crypto mining
When China banned crypto mining earlier this year, miners were not left with any alternative other than to look for overseas markets. One of the markets fighting to be a major contributor to crypto mining in Kazakhstan, as it has become a major hub for miners. However, crypto mining has created an energy crisis for …
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New German coalition government talks of supporting crypto innovations
The current government in Germany has talked about cryptocurrencies in its coalition agreement. The government has stated that there needs to be a level playing ground between traditional finance and “innovative business models.” In a coalition agreement that was signed this week, the Social Democrats (SDP), the Green Party and the Free Democrats will be …
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Here’s What’s Next for Decentraland, The Sandbox and Elrond, According to Crypto Analyst Michaël van de Poppe
Cryptocurrency analyst and trader Michaël van de Poppe is warning traders against buying Decentraland (MANA), The Sandbox (SAND) and Elrond (EGLD) at their current prices. Van de Poppe tells his 148,000 YouTube subscribers that following the “epic runs” of these three altcoins, it’s time for investors to take profits in Decentraland, a virtual-world blockchain; Elrond, …
Acid, Bitcoin mining and a bad trip to North Korea
Ethan Lou is a journalist turned Bitcoin miner turned two-time author whose latest book, Once a Bitcoin Miner: Scandal and Turmoil in the Cryptocurrency Wild West, is a modern western recount a gloomy millennial’s rebirth in the wild west of crypto — complete with scammers, party drugs and a North Korean crypto conference. “Want to …
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Bitcoin reverses ‘bear market’ at $53.5K as Pfizer gains on fresh panic over Coronavirus ‘Nu’ variant
Bitcoin (BTC) stemmed some of its losses as Wall Street opened on Nov. 26 after concern over a new COVID-19 variant spark a global market sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pfizer gains as coronavirus panic sets in Data from Cointelegraph Markets Pro and TradingView showed BTC/USD ending its downturn at just above $53,500 …