28 Jan 2023

Federal Reserve Board issues policy statement to promote a level playing field for all banks: Includes guidances on ‘crypto-assets’

The Federal Reserve Board has issued a policy statement to promote a level playing field for all banks under its supervision, regardless of deposit insurance status. The statement clarifies that both uninsured and insured banks will be subject to the same limitations on activities, including those related to crypto-assets. The

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27 Jan 2023

Phantom Wallet Claims It Thwarted Over 18K Attacks

After the latest high-profile NFT hack, this time taking down tech entrepreneur Kevin Rose, the security advantages of self-custody wallets were making the rounds on Crypto Twitter again. On Wednesday, the creator of Proof and the Moonbirds NFT project was the victim of a phishing attack after the scammer sent

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27 Jan 2023

Bithumb Offices Stormed In Coin Manipulation Investigation

Bithumb offices in South Korea were stormed on Thursday by local authorities investigating token price manipulation, media house Yonhap news reported late yesterday. The crypto exchange is one of five crypto trading venues still running in South Korea after a major crackdown on digital asset service providers in 2021. Per the

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27 Jan 2023

U.S. says it ‘hacked the hackers’ to bring down ransomware gang, helping 300 victims

The FBI on Thursday revealed it had secretly hacked and disrupted a prolific ransomware gang called Hive, a maneuver that allowed the bureau to thwart the group from collecting more than $130 million in ransomware demands from more than 300 victims. At a news conference, U.S. Attorney General Merrick Garland,

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27 Jan 2023

How the Feds Could Regulate Crypto (and Why All Is Not Lost for Investors)

Each day seems to carry with it a new, ominous headline propounding the imminent demise of cryptocurrency. The death of Bitcoin has been predicted more than 450 times as of this writing. And yet, it seems to have staying power: more than $23 billion of Bitcoin has changed hands in

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27 Jan 2023

Most Criminal Cryptocurrency Funnels Through Just 5 Exchanges

For years, the cryptocurrency economy has been rife with black market sales, theft, ransomware, and money laundering—despite the strange fact that in that economy, practically every transaction is written into a blockchain’s permanent, unchangeable ledger. But new evidence suggests that years of advancements in blockchain tracing and crackdowns on that

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26 Jan 2023

Hackers Take Over Robinhood Twitter Account To Promote Scam

Cybercriminals hacked the Twitter account of the Robinhood exchange on Wednesday. In a now-deleted tweet, the hacked account was used to promote a scam offering crypto tokens and NFTs on the Binance Smart Chain through the PancakeSwap decentralized exchange. Robinhood’s other social media profiles were also compromised. According to a

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26 Jan 2023

Government Sanctioned Cybercrime – What is the Lazarus Group?

Cybercrime is a menace. Estimates suggest that the combined harm cybercrime could inflict on systems worldwide was as high as US$6 trillion in 2021. And if the number already appears frightening, it is expected to hit US$10.5 trillion by 2025. In 2015, it was US$3 trillion. A growth of more

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26 Jan 2023

Crypto Actors Face Increased Enforcement Spurred by DOJ Network

Adding to the turmoil in the cryptocurrency industry over the past year, the Justice Department has been more actively pushing criminal enforcement actions around cryptocurrency and other digital assets. For observers of regulatory activity in this space, the DOJ’s priorities come as no surprise. Announcements in the past year by the

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26 Jan 2023

Why You Should Avoid Investing In Cryptocurrency In Retirement

Many people feel that investing in cryptocurrency is a way to increase their retirement savings, but it is not without risks. Cryptocurrency is a highly volatile asset class with prices that can fluctuate wildly in a short amount of time. This makes it a risky choice for those who are

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