One specific method of hacking decentralized finance (DeFi) protocols is on the rise, according to blockchain data platform Chainalysis. In a new blog post, the market intelligence firm estimates that …
29 arrested in Egypt after thousands were swept up in Hoggpool cryptocurrency investment scam
Egyptians who invested in a cryptocurrency mining app were hit last week with the daunting realization that the incredible profits they thought they were making all boiled down to fiction. The …
Biden budget proposes closing crypto loophole to raise $24 billion in new revenue
Tucked within President Biden's budget is a proposal to change the tax treatment of cryptocurrency transactions that would eliminate investors' ability to take advantage of losses to lower their tax …
New York sues KuCoin, expands cryptocurrency crackdown
New York's attorney general on Thursday sued KuCoin for failing to register with the state before letting investors buy and sell cryptocurrencies on its platform, as part of her effort to rein in what …
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Is security tokenization the ‘Amazon-moment’ for blockchain technology?
Blockchain technology is like a Swiss Army knife that can provide different solutions depending on the problem. Over the past decade, the use cases for blockchain technology have grown from money and …
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How Blockchain Technology Can Create Transformative Change On A Global Scale
It’s safe to say 2022 was a tough year for the global cryptocurrency industry. It began with the price of bitcoin steadily falling from its all-time high of nearly $69,000 and ended with the stunning …
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Multisig wallets vulnerable to exploitation by StarkEx apps, says developer Safeheron
Certain multisignature (multisig) wallets can be exploited by Web3 apps that use the StarkEx protocol, according to a March 9 press release provided to Cointelegraph by Multi-Party Computation (MPC) …
Cryptocurrency-Related Crime Boomed in 2022
Cryptocurrency crime is flourishing, according to multiple year-end reports. For starters, cryptocurrency losses due to cyber theft rose to $3.7 billion last year. That’s a 58% increase over the $2.3 …
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Crypto Bank Silvergate Goes Out of Business
It's a new thunderclap that falls on the crypto industry. A disaster that had been brewing for a few days and which has just shaken the young financial services industry, powered by blockchain …
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India subjects crypto transactions to Anti-Money Laundering law
While there’s nothing new in imposing Anti-Money Laundering (AML) standards on crypto, it is only now that the Indian government has decided to notify all interested parties of the obligation to …
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