The start of the week has seen crypto markets surge as the ruble plunged upon news of the US and allies imposing stricter sanctions. This suggests the apparent increased demand for crypto could be a result of Russians looking to ditch the ruble in favor of Bitcoin and other cryptocurrencies. This week, we also add […]
The crypto market cap briefly reclaimed the $2 trillion level today following news of the Canadian government invoking new emergency powers to surveil and seize their citizens’ finances. Currently, there is a large number of truckers stationed in Canada’s capital in protest of Covid-19 restrictions and vaccine mandates. To fund the protest, the trucker convoy […]
The Bitfinex hack worth nearly 120,000 BTC has caught the attention of Netflix. The streaming giant has ordered a documentary series about the couple’s alleged scheme to launder bitcoin that amounted to 72 million dollars at the time of the hack in 2016. Reportedly, Chris Smith, known for FYRE: The Greatest Party That Never Happened […]
Cybercriminals are receiving a high percentage of their payments in Bitcoin and Monero, according to a Chainalysis report. The Crypto Crime Report examines the prevalence of illegal activities in the crypto space last year.
Over $3.6 billion dollars worth of Bitcoin linked to the Bitfinex hack of 2016 has been seized, according to a statement from the US Justice Department. Ilya Lichtenstein, 34, and his wife, Heather Morgan, 31, were arrested on Tuesday for allegedly trying to launder the Bitcoin stolen from Bitfinex in a series of sophisticated strategies. […]
The US Department of Justice has arrested two individuals that were allegedly connected to the Bitfinex hack and seized a record sum of over 94,000 BTC. Two Arrested for Alleged Conspiracy to Launder $4.5 Billion in Stolen Cryptocurrency Government Seized $3.6 Billion in Stolen Cryptocurrency Directly Linked to 2016 Hack of Virtual Currency Exchangehttps://t.co/4TOI59QVp6 pic.twitter.com/cwMJyTuQfI […]
17 of the biggest crypto firms in the world have formed a new advocacy group aimed at promoting a “safe and sensibly-regulated crypto industry.” The group, called the Crypto Market Integrity Coalition (CMIC), says that it “brings together market participants in the digital asset space who are committed to enabling a safe and sensibly-regulated crypto […]
In the growing DeFi panorama, both institutional traders and retail investors are starting to notice the inherent privacy issues with the most popular Layer-1 blockchains. The extreme transparency of L1s such as Ethereum, Solana, and Avalanche, to name a few, leaves investors vulnerable to attacks such as front-running and MEV. Meanwhile, the lack of interchain…
In recent years, crypto has transformed from a niche tech community into a trillion-dollar industry. An increasing number of investors and users are entering the space, and while the crypto market is still in its infancy, it will not last that way forever. Hence, individuals seeking to boost their portfolios should start investing in crypto...
Cardano (ADA) is a third-generation blockchain. What does that mean? In a nutshell, it builds on all the lessons learned from other coins to create a layered and distributed computing platform that places a special emphasis on security and engineering rigour. Cardano was officially launched in September 2017 under the so-called ‘Byron’ bootstrap phase. It […]
Privacy-focused Secret Network (SCRT) has been one of the few outliers during a multi-month market-wide correction, currently up 111% in the last 30 days. Secret Network is a delegated proof-of-stake blockchain that supports an ecosystem of secrecy-preserving decentralized applications (dapps). Part of the ecosystem includes a decentralized finance (DeFi) protocol called Secret Swap which features […]