A North Korean threat actor was behind the $50 million attack on Radiant Capital in October and spoofed being an ex-contractor, the DeFi platform said.
Yearly archives: 2024
Brooklyn DA shutters 40 NFT scam sites after artist loses $135K
An investigation into the victim of an NFT scam led the Brooklyn District Attorney’s Virtual Currency Unit to discover and dismantle a network of fake NFT marketplace sites.
Blockchain needs a killer use case, and authentication is cold-blooded
The following article is an op-ed by Tyler Adams, CEO & Co-Founder at COZ. For the last two years, crypto developers and venture capital have been hyper-focused on supporting infrastructure projects to the detriment of consumer-facing applications. If you look around this industry, you will see a plethora of tools for developers to integrate privacy …
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Crypto industry frustrated over possibility of SEC commissioner Caroline Crenshaw’s renomination
On Dec 11, the U.S. Senate Banking Committee will decide whether to renominate Caroline Crenshaw, a Democrat Securities and Exchange Commission (SEC) commissioner. Crenshaw has always been a staunch critic of cryptocurrencies and the crypto community is not happy with the prospect of her re-election. Crenshaw is ‘anti-crypto,’ says Coinbase COO Crenshaw, who was sworn …
Iran Embraces Crypto Regulation to Counter Economic Sanctions
Iran is shifting its stance on digital currencies, focusing on regulation rather than imposing restrictions, according to Minister Abdolnaser Hemmati. Speaking at a Tehran event, Hemmati highlighted the government’s plan to mitigate the economic risks of digital currencies while leveraging their potential benefits. He emphasized the Central Bank of Iran’s authority in managing digital assets …
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Big Banks vs. Bitcoin: The Battle for Financial Freedom
For decades, the big banks have had us all on a leash. They control our savings, dictate our loans, and profit off the very money they “lend” us—money they didn’t even have to begin with. If you think about it, it’s an elaborate game of Monopoly where the banker always wins, and the rest of …
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XRP’s $149B Power Play: Tokenization, Defi, and a Regulated Stablecoin
XRP, with a market cap of $149 billion, isn’t just a heavyweight in cryptocurrency—its distributed ledger network has been diving headfirst into tokenization and decentralized finance (defi). Meanwhile, Ripple is turning heads with the forthcoming launch of its much-anticipated stablecoin, ripple usd (RLUSD). A Focus on RLUSD and Defi Marks Strategic Shift for XRP Ledger …
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A Crypto Tax Paradise? Czech Republic Pioneers Tax-Free Crypto Policies
Czech lawmakers have approved a groundbreaking tax reform exempting bitcoin and other digital assets from capital gains tax if held for over three years, effective Jan. 1, 2025. Additionally, annual crypto income below CZK 100,000 ($4,000) will be tax-free. Prime Minister Petr Fiala highlighted the policy as a move to simplify taxation, promote long-term holding …
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Latam Insights: Bolivian Crypto Market Overheats, Chile Belittles Bitcoin
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, the Bolivian cryptocurrency market keeps growing after the repeal of a blanket ban, the Central Bank of Chile rejects bitcoin, and Bolivian attorneys propose implementing USDT to invigorate the Bolivian economy. …
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Dubai’s SEE Institute and Cardano Foundation Collaborate to Advance Blockchain-Powered Sustainability
The SEE Institute and Cardano Foundation have partnered to integrate blockchain technology into global sustainability efforts. Advancing Blockchain-Powered Sustainable Solutions The Dubai-based sustainability education and business incubation hub, SEE Institute, has signed an agreement with the Cardano Foundation to incorporate blockchain technology into its global sustainability efforts. The partnership aims to advance blockchain-powered sustainable solutions. …
National Center for Public Policy Research proposes BTC treasury to Amazon
The National Center for Public Policy noted that MicroStrategy’s stock outperformed Amazon’s stock by 537% due to its Bitcoin strategy.
Key Bitcoin Stakeholders Unload Over $8,500,000,000 Worth of BTC in Just 48 Hours, Says Analytics Firm Santiment
A prominent crypto analytics firm says one of the most important Bitcoin investor cohorts is unloading BTC at a rapid rate. Santiment says on the social media platform X that Bitcoin miners offloaded over $8.55 billion worth of BTC in just two days, representing the largest distribution of the last 10 months. While Bitcoin miners …
Majority of Americans Say Inflation Will Make Santa ‘Less Generous’ This Holiday: Survey
A new survey suggests most Americans are having a tougher time than usual buying gifts this holiday season. In its new Holiday Shopping Survey, WalletHub surveyed 210 individuals and then normalized the results by age, gender and income to accurately reflect U.S. demographics. The results paint a relatively bleak picture of the American consumer. According …
Former New York Fed President Says Strategic Bitcoin Reserve Would Drive Up Inflation and Government Debt
A former Fed president is warning that the proposed Bitcoin (BTC) strategic reserve concept won’t yield any positive benefits for the American people. Bill Dudley, former president of the Federal Reserve Bank of New York and ex-vice chair of the Federal Open Market Committee (FOMC), says in a new opinion piece on Bloomberg that the …
JPMorgan Chase, Wells Fargo, Bank of America and 9 Wall Street Firms Forecast Record-Breaking Year for US Stock Market in 2025: Report
A dozen Wall Street firms including JPMorgan Chase, Wells Fargo and Bank of America are revealing their 2025 targets for the S&P 500. The financial companies collectively expect the US stock market to reach fresh all-time highs next year amid expectations that a Trump presidency will create a favorable macroeconomic environment for equities, reports Yahoo! …