30 Jan 2023

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 centralized entities, with a significant concentration of economic power and influence held by a few key corporate players who

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30 Jan 2023

SEC Chair Gary Gensler Says There Are Three Ways to Tell If a Crypto Project Is a Scam

How hard is it to spot a crypto scam? According to SEC Chair Gary Gensler, it’s not nearly as difficult as it might sound. Speaking to the U.S. Army during a Twitter Spaces earlier this month, Gensler and SEC Commissioner Caroline Crenshaw discussed what they consider the dangers of investing

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30 Jan 2023

South Korea to deploy cryptocurrency tracking system in 2023

The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities. The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and

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30 Jan 2023

Cryptocurrency might be the greatest Ponzi scheme of all time

The seemingly limitless innovations that are springing out of information technology have created enormous opportunities for all kinds of predatory behavior uninhibited by social regulation. Cryptocurrencies are one of the leading contestants in this competition. Crypto is a Ponzi scheme. It’s the IT version of what Bernie Madoff did in

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30 Jan 2023

OracleSwap Hacked: Private Keys Exposed

OracleSwap, a decentralized exchange (DEX) protocol on the Songbird Network, has recently become the subject of concern among its users and the wider decentralized finance (DeFi) community. The protocol, which allows users to earn interest for delegating their Flare and Songbird tokens, announced on Jan. 28 that its private keys

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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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