Over 14 years has passed since the introduction of Bitcoin, the first and best-known cryptocurrency. Although Bitcoin exchanges, wallets, and other third-party services that store the digital assets …
‘A fraud and a bubble are two different things’: Crypto is shocking to a financial historian who literally wrote the book on financial bubbles
The crypto space has lost more than $2 trillion in value over the past year. But for crypto loyalists, this is just another Crypto Winter. Remember 2018—when Bitcoin prices dropped 80%, and the media …
Coinbase cutting nearly 1,000 jobs, citing rough cryptocurrency climate
Cryptocurrency trading platform Coinbase is cutting approximately 20% of its workforce, or about 950 jobs, in a second round of layoffs in less than a year. The company cited adverse economic …
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Hackers target cryptocurrency customers by impersonating well-known employee
Researchers at Division Seven, SafeGuard Inc.’s threat intelligence team today detailed how customers at a cryptocurrency firm they work with were targeted by a threat actor using a social engineering …
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Wyre Announces Withdrawal Limits as Crypto Firm Navigates Crypto Winter
Wyre, a San Francisco-based crypto payments firm, is implementing withdrawal limits for user accounts, citing “the best interest of our community.” “We are modifying our withdrawal policy. While …
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DeFi-type projects received the highest number of attacks in 2022: Report
It’s no secret that in 2022 the world of Web3 and decentralized finance (DeFi) experienced a slew of major exploits and attacks. From the Ronin bridge attack to the Nomad hack, the top 10 exploits …
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Cybercriminals Using ChatGPT to Build Hacking Tools, Write Code
Expert and novice cybercriminals have already started to use OpenAI’s chatbot ChatGPT in a bid to build hacking tools, security analysts have said. In one documented example, the Israeli security …
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Crypto layoffs mount as exchanges continue to be ravaged by the prevailing bear market.
There’s no denying that the crypto market has been gripped by immense bearish pressure over the past year, as made evident by the fact that the total capitalization of this sector has continued to …
DeFi security losses rose 47.4% in 2022 to hit $3.64B: Report
According to a Jan. 5 report published by Chinese blockchain security firm LianAn Technology, decentralized finance (DeFi) exploits across blockchains worldwide totaled $3.64 billion in 2022. This …
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US authorities to intensify scrutiny of crypto industry in 2023
Fourteen years after Bitcoin’s genesis block launched a profound disruption in financial services and other industries through the rise of blockchain technology, United States authorities are finally …
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