Avast Antivirus (AA) has turned up a newly discovered Monero mining malware, which they call “Crackonosh.” Crackonosh is distributed as a trojan with cracked software. It searches for and disables many popular antivirus programs as part of its anti-detection and anti-forensics tactics. Monero is said to be the top choice for cybercriminals looking to hijack …
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The buzzing world of Decentralized Finance (DeFi) has racked up its fair share of brickbats and bouquets ever since rising to popularity in 2020. It broadly refers to non-custodial, peer-to-peer financial services built on smart contract-enabled protocols, usually for services like lending, flash loans, trading, insurance, and many others. But with the innovations comes the …
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FTX Trading Limited has announced the company has partnered with seven-time Super Bowl Champion Tom Brady and Brazilian model Gisele Bündchen in a long-term deal. Both celebrities will have an equity stake in FTX and receive payments in crypto, the announcement explains. The NFL star Brady will serve as the ambassador for FTX, while the …
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A growing number of crypto firms in the U.K. are withdrawing their applications to register with the Financial Conduct Authority (FCA). Around 64 firms have already withdrawn their applications and will not be able to operate in the U.K. The list of cryptocurrency companies abandoning their attempts to register with the U.K.’s financial regulator is …
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Mexico’s central bank, finance ministry, and banking regulator have jointly issued a warning about cryptocurrency. Finance Minister Arturo Herrera emphasized that cryptocurrencies are prohibited from being used in Mexico’s financial system. The central bank of Mexico, the finance secretary, and the National Banking and Securities Commission (CNBV) said in a joint statement Monday that crypto …
All cryptocurrency exchanges in South Korea except the largest four may be unable to meet the bank account requirements needed to stay in business. A number of Korean crypto exchanges are considering suing the government and financial authorities, claiming that the country’s crypto law is unconstitutional. A number of exchanges are currently considering filing a …
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The overall activity of addresses (or wallets) on the Ethereum (ETH) blockchain has exceeded that of Bitcoin’s on Monday—for the first time in the history of digital assets, according to crypto metrics firm Santiment. “Following up on yesterday’s report on #Ethereum #FUD and the buying opportunity we saw, today has marked a historic day – …
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Mexico’s central bank (Banxico) and financial regulator (CNBV) issued a joint statement confirming that banks are not authorized to use Bitcoin as a payment method. At the same time, Banxico said they are currently studying the implications of digital currencies. But so far, they remain somewhat unconvinced on the touted benefits of using them. This …
Crypto investments in India have been gaining significant traction over the past year, blockchain data indicates. Despite the ambiguous regulatory situation in the country, more than 15 million Indians have bought or sold digital currencies. Indian Crypto Investments Increase Amid Regulatory Uncertainty A growing number of Indians have put money into cryptocurrencies in the past …
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Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest in launching a Bitcoin ETF this year. Cathie Wood’s …
On Tuesday, Deutsche Börse Group, marketplace manager for the trading of shares and other securities, explained the company has acquired a major stake in Crypto Finance AG. The move adds to Deutsche Börse’s extension into the cryptocurrency industry in order to provide custody solutions and a “direct entry point for investments.” Deutsche Börse Group to …
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The self-proclaimed inventor of Bitcoin, Craig Wright, has won a default judgment in London’s High Court in his copyright infringement case against the pseudonymous operator of bitcoin.org. According to a report, the website and its owner Cobra must remove the Bitcoin white paper from the web portal and pay $48K in legal costs as well. …
$270 billion fund Guggenheim is seeking Bitcoin exposure, SEC filing shows Guggenheim Partners, one of the world’s largest fund managers with $270 billion in client assets under management, is seeking exposure to Bitcoin as part of a new fund, a filing with the US Securities and Exchange Commission (SEC) showed yesterday. 2 min read → …
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Lyn Alden, the founder of Lyn Alden Investment Strategy company, a firm famous for providing market research to several individual investors and financial professionals and institutions, argued in a recent tweet that the demise of Grayscale’s neutral arbitrage trade has played a part in Bitcoin’s ‘top.’ GBTC, a popular institutional vehicle for trading Bitcoin, is …
Continue reading “Bitcoin’s ‘biggest buyer’ is seemingly selling BTC, here’s why”
Cryptocurrency exchange Coinbase has obtained approval from Germany’s financial regulator, Bafin, to provide cryptocurrency trading and custody services. Coinbase Germany will launch in the coming weeks. Coinbase, a Nasdaq-listed company, announced Monday that it has secured a cryptocurrency license in Germany. The company explained: “The German Federal Financial Supervisory Authority (Bafin) has awarded Coinbase Germany …
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