Authorities from Russia’s Zavolzhsky district have found a 34-year-old local man guilty of stealing cryptocurrency mining equipment worth more than 1.6 million rubles (nearly $22,000). According to the report shared by the Prosecutor’s Office of the Yaroslavl Region, the state prosecutor confirmed that the Yaroslavl resident was found entering a friend’s garage unlawfully back in …
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Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet. Bilaxy announced on its Telegram channel that the crypto exchange suffered a “serious hack” on Aug. 28 between 6 p.m. and 7 p.m. UTC, resulting in the transfer of 295 …
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Solana (SOL) prices rose on Aug. 30 as traders speculated on what appeared to be a key but mysterious feature launch later this week. The SOL/USD exchange rate climbed to a new record high of $103.06 following a 9.35% intraday rally. The upside move surfaced days after Solana introduced “Ignition” on their official media handles. …
The decentralized finance project xToken has suffered another exploit over the weekend after hackers discovered a vulnerability in the smart contracts for its xSNX product. On Aug. 29, the xToken team reported that the attack had resulted in roughly $4.5 million worth of funds being drained from xToken’s xSNX product — which allows users to …
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The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable for Use as Legal Tender The International Monetary Fund tweeted about …
A commissioner with the U.S. Commodity Futures Trading Commission (CFTC) has detailed how crypto assets are regulated in the U.S. and whether they fall under the jurisdiction of the CFTC or the Securities and Exchange Commission (SEC). “There has often been a grossly inaccurate oversimplification” of how crypto assets are regulated in the United States, …
A cryptocurrency project called Safemoon has been trending in forums and social media in recent times, as the crypto asset team promised a few new products, but the team claims that the launch has seen difficulties. This weekend, a post published to the subreddit forum r/cryptocurrency claims “Safemoon has been exploited from day 1 and …
A recent survey from Deloitte that collated data from 1,280 senior finance executives in 10 locations across the world produced interesting results regarding the blockchain industry. This survey is Deloitte’s fourth annual Global Blockchain Survey, which focuses on the financial services industry (FSI). Findings from the survey show that there is a need for the …
Dogecoin: one of crypto’s most hyped coins. It seems as if it is always in the mouths and minds of young investors. Moreover, more notable investors have praised the coin both for its comedic origins and as a viable “medium of exchange.” But what exactly is this comical fad? Additionally, what does it have to …
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New technologies will change not only the way we communicate or process payments but also our cities, transportation system and many other spheres. With smart cities, IoT and other large-scale innovations being around the corner, more and more people are concerned about the security of their data. Will Google or other major corporations control every …
Bitcoin scams have been rampant since the market started gaining popularity. Since its over a decade-long existence, there has been an uncountable number of scams. Some of these scams have become well-known that most people do not fall for them again. But others have evolved to be harder to spot. Hiding in the shadows so …
Continue reading “Man Sues Parents Of Teens Who Stole Nearly $1M In Bitcoin Heist”
The high jump in new registrations is on 45% increase, equivalent to 70 million compared to the previous year. The BSE stock exchange revealed this information was in their data. There had been an increasing number of users, mostly young investors in remote locations across India last year. According to the Economic Times report, these …
A prominent crypto analyst and trader is outlining key support levels for Bitcoin, Ethereum, Chainlink and two other crypto assets in the case of a broad correction in the digital asset markets. In a new strategy session, the trader known in the industry as Altcoin Psycho tells his YouTube subscribers that he’s looking at two …
Global Bitcoin adoption is accelerating as another Central American nation sees the arrival of its first-ever crypto ATM machine. According to Reuters, local firm TGU Consulting Group installed the machine called “la Bitcoinera” in an office tower in Tegucigalpa, the capital of Honduras. ADVERTISEMENT The machine allows users to purchase Bitcoin (BTC) and Ethereum …
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Enterprise adoption of blockchain technology is an important long-term goal of the cryptocurrency community because the integration of digital currencies with daily business activities will bring new users into the ecosystem and provide a boost to on-chain activity. One protocol that has been gaining traction on the enterprise adoption front is XinFin Network (XDC), an …
Continue reading “XinFin (XDC) hits a new ATH after fresh partnerships and exchange listings”
