Last year was the worst on record for cryptocurrency heists, with hackers stealing as much as $3.8 billion, led by attackers linked to North Korea who netted more than ever before, a U.S.-based …
Will regulated cryptocurrency become the new fiat currency?
With the collapse of FTX in November 2022 bringing to the forefront the need for regulation in the crypto industry, both policymakers and the financial sector are left asking how a virtual asset, …
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Bean obsessed crypto-weeb community harvested for $2.74m in cryptocurrency NFTs
Another installment in the series of life affirming Web3 downfalls, over $1.74 million has been robbed from unsuspecting, would-be cryptocurrency investors after the Azuki NFT anime world's Twitter …
My Big Coin cryptocurrency firm founder gets 8 years in prison for fraud
The founder of a defunct cryptocurrency business was sentenced on Tuesday to more than eight years in prison for defrauding investors and customers out of millions of dollars by marketing a virtual …
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Here’s how to prevent NFT theft, according to industry professionals
As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and …
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Coinbase Wallet Adds Safety Features Following High-Profile NFT Scams
Coinbase says it is improving the safety and user experience of its Wallet app. The crypto firm announced a number of new features on Monday aimed at improving blockchain transparency and security for …
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Lazarus attempt to launder additional $27.2M of funds stolen from Harmony bridge hack
On-chain analysis shows that North Korean hackers responsible for Harmony’s Horizon bridge hack spent the weekend attempting to move some of the illicit funds. Using Railgun, a smart contract system …
Hong Kong Says “No” to Algorithmic Cryptocurrency Stablecoins
Hong Kong has revealed its regulatory plans for the cryptocurrency industry. The special administrative region will not allow algorithmic stablecoins and will require licenses for stablecoin issuers. …
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After a tough year for crypto, here’s how to handle losses on your tax return
After a tough year for crypto, you may be looking for ways to turn steep losses into possible tax breaks. The digital currency industry lost nearly $1.4 trillion in 2022 after a slew of bankruptcies …
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New paradigms for enterprise blockchain adoption
Blockchain technology has created a new avenue to reconfigure the vision for the future of the internet. Data on the internet generated by individuals, organizations and other users are controlled by …
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