Crypto.com, the popular cryptocurrency exchange platform, halted all deposits and withdrawals on Monday, January 11, citing “unauthorized activity” on some accounts. It has, however, reinstated some accounts and withdrawal services, noting that the accounts are now safe. News From Yesterday According to security and data analytics firm PeckShield, Crypto.com has been the latest target of a cyberattack, with about $15 million worth of cryptocurrency stolen. At least 4,600 Ether has been taken from some of the exchange’s accounts. Crypto.com issued a tweet informing users that a number of users have reported suspicious behavior on their accounts. Withdrawals will be temporarily halted as their staff investigates the situation. All of the monies are safe, according to the message. We have a small number of users reporting suspicious activity on their accounts. We will be pausing withdrawals shortly, as our team is investigating. All funds are safe. — Crypto.com (@cryptocom) January 17, 2022 Dogecoin (DOGE) founder Billy Markus spotted a strange transaction pattern on Etherscan, leading the firm to suspend all transactions until it can figure out what’s wrong with their platform. Several users reported on social media that their tens of thousands of dollars worth of digital assets had vanished from the exchange. I really hope @cryptocom gets their shit together. Because a lot of theft is going on and if you check https://t.co/tO1rPRGTgC from the cryptocom wallet address. You’ll see a bunch of 2ETH to 5ETH transactions being sent to wallets with single transactions. How did it bypass 2FA? — BEN BALLER™ (@BENBALLER) January 17, 2022 Ben Baller, a cryptocurrency enthusiast and jeweller, claimed that his account had been hacked and that he had lost 4.28 Ether (ETH) (about $15,000). He also said he used two-factor authentication, meaning that the suspected criminals had to get around some of Crypto.com’s security measures. BTC/USD yet to break psychological barrier. Source: TradingView Tornado Cash was used to move the funds, making it harder to track. Technical glitches on cryptocurrency trading platforms have been increasingly widespread in recent months. Even some of the most prominent crypto exchanges have experienced significant disruptions during peak period. Related article | Sports NFT Marketplace Lympo Suffers An $18.7 Million Hack Crypto.com Lost $15 Million To The Hack Although Crypto.com claims that the accounts are safe, Peckshield, a blockchain security and data analytics firm, claims that the exchange has lost a whopping $15 million in the recent theft, or at least 4,600 ETH. The @cryptocom loss is about $15M with at least 4.6K ETHs and half of them are currently being washed via @TornadoCash https://t.co/PUl6IrB3cp https://t.co/6SVKvk8PLf pic.twitter.com/XN9nmT857j — PeckShield Inc. (@peckshield) January 18, 2022 CEO Kris Marszalek stated on Twitter that no customer funds had been lost. In reaction to the event, the Crypto.com team reinforced the exchange’s security infrastructure, he noted. The security incident is currently being investigated internally at the exchange. Some thoughts from me on the last 24 hours: – no customer funds were lost – the downtime of withdrawal infra was ~14 hours – our team has hardened the infrastructure in response to the incident We will share a full post mortem after the internal investigation is completed. — Kris | Crypto.com (@Kris_HK) January 18, 2022 After hours of waiting, Crypto.com tweeted that security on all accounts is being increased out of an abundance of caution, asking users to sign in to their App & Exchange accounts and Reset their 2FA. They also stated that this update will be gradually given out to users over the next few hours. Withdrawals will be re-enabled once this process is completed. They stated that they recognize that this may be inconvenient for users, but that security comes first. With over 10 million customers, Crypto.com is one of the most popular trading platforms in the United States. We’d like Crypto.com to provide us with more information about this. Related article | Largest DeFi Hack Yet? BadgerDAO Hack Results In Loss Of $120M+

China is expected to maintain its “zero-COVID” policy approach to battling the ongoing pandemic through most of 2022. That’s according to a recent note from financial services firm Jefferies. China’s strict policy that requires the implementation of severe operating limitations on most nonessential businesses when COVID-19 outbreaks occur has greatly limited the recovery of Macau’s […]

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The year 2021 was out of the ordinary as global businesses struggled to keep afloat amid the pandemic. This unusual situation accelerated digitization in businesses, which led to a surge in “digital data.” This year witnessed a record number of hires of data scientist and data analyst positions as businesses realized that data-driven market intelligence […]

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Binance Smart Chain is the third largest chain by TVL and its token, BNB, is the third-largest token by market capitalization. However, there are questions about hacks, centralization, lack of[...]

The post Is Binance Smart Chain Being Run ‘Like the Project of a Stoned Teenager?’ Two BSC Execs Answer appeared first on Unchained Podcast.

According to new data from Linkedin, a professional work-based social network, the number of cryptocurrency-related job postings soared in 2021. The increase was even higher than the general increase in tech-related job postings. The nature of these posts is also diversifying, with various industries requiring people with crypto know-how. Linkedin Says Crypto Jobs Are on […]

The Chizhou police arrested eight people from different provinces in December and froze assets worth millions.

Artificial intelligence (AI) and machine learning (ML) are two critical technologies that are shaping our future, how we work, and how businesses persevere through future black swan events. With the ability to analyze, learn, and become more intelligent and intuitive over time, AI and ML will continue to expand the ability of businesses to leverage […]

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Crypto exchange giant Crypto.com has become the latest target of a cyberattack as around $15 million worth of cryptocurrencies have been stolen, according to security and data analytics firm PeckShield. At least 4,600 Ether has been siphoned from some accounts of the exchange. The analytics company further cited blockchain data detailing that half of the […]

Before now, some countries have mapped out some crypto taxes for transactions on cryptocurrency assets within their jurisdiction. Thailand is one of the countries that proposes some taxation plans. As the new year begins, the revenue department of Thailand is setting up its measures for implementing its tax plans on crypto traders this January. The move is to provide more clarifying information on the tax over crypto-related activities. According to the director-general of the revenue department, this month will mark the finalizing of the criteria for tax calculations which will be on crypto trading profits. The statement’s release was one week following its government’s disclosed plans to levy crypto miners and traders with a capital taxation gain of 15%. A Bangkok Post article on Tuesday reported the instruction of Prayut Chan-o-cha, the Thai Prime Minister, to the revenue department. He told the department to analyze the issue and map out the taxation plans for the investors and the entire public. Related Reading | Upside Potential in NFTs is Massive Says, Gary Vaynerchuk Following the Prime Minster’s instructions, the department has engaged the Bank of Thailand in a discussion. The talk is also the country’s Stock Exchange and Security and Exchange Commission. Cryptocurrency Investors React On Taxation Plan The Thai Digital Asset Association, while seeking clarifications, got in touch with the revenue department on Sunday. A local media reports that the association seeks to know more concerning withholding taxes and capital gains. Suppakrit Boonsat, the President of the Association, stated that many cryptocurrency investors accept the taxation. However, their concern is making moves that may violate the Revenue Code. Some traders are worried that there could be back taxation or penalties to trades and profits in previous years. According to a spokeswoman from the government, the authorities are not posing any hindrance to industrial development and innovation with fintech included. However, she warned that a rush to accept crypto trading without a thorough understanding could lead to a crypto crisis. Thailand intends to place its new taxation only on profits from miners and traders. In addition, there is an exemption of the country’s digital asset exchanges. With the largest affiliated with commercial banks and billionaire business tycoons. Related Reading | January Proves Turbulent For Investors But NFT And GameFi Seems To Be Eating Good According to the latest filing requirements, those that fail to comply with the rule will be heavilThethe move. In addition, they issued some warnings to individual businesses and commercial banks concerning adopting the country’s digital assets as pa through the movement options. In December, through the move Bank of Thailand mentioned its plan of drawing out measures for regulating crypto-related activities. The regulation, which was tagged ‘Red Lines,’ will cover both businesses and individuals within the crypto industry. Featured image from Pixabay, chart from TradingView.com

INTERNET CITY, DUBAI, Jan. 17, 2022 – LBank Exchange, a global digital asset trading platform, will list Clifford Inu (CLIFF) on January 20, 2022. For all users of LBank Exchange, the CLIFF/USDT trading pair will be officially available for trading at 20:00 (UTC+8) on January 20, 2022. As a highly deflationary token on the Ethereum...

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With some 74 Airbus A340s listed as active in 2022, just 14 of them are the longer -600…

The TVL of Ethereum Layer 2 projects increased 600% from Q3 to Q4 of 2021, surpassing a peak of $7.17 billion on Nov 25th, 2021.

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