A hacker who tricked people into thinking the SEC had approved Bitcoin ETFs is facing a plea deal. The Fake News Tweet In January, the hacker took control of the SEC’s Twitter account and posted a fake announcement claiming the agency had approved Bitcoin ETFs. This caused a huge spike in cryptocurrency prices. The SEC…
Chainlink, the network that connects blockchains to real-world data, is still a top performer when it comes to development activity. According to Santiment, a crypto analytics platform, Chainlink has had the most development activity among all ERC-20 projects for the past 30 days. What’s the Big Deal About Development? Santiment says that a lot of…
The US is getting ready to unleash a new wave of sanctions against Russia, targeting companies and individuals helping Moscow’s war effort. This comes as Russia and China, both members of the BRICS economic bloc, are strengthening their ties. BRICS: A Growing Force? BRICS, which stands for Brazil, Russia, India, China, and South Africa, is…
A crypto payment company called Transak has had a major security breach, affecting over 92,000 of its users. The culprit? A hacker who got into an employee’s laptop. How Did It Happen? The hacker used a “sophisticated phishing attack” to steal an employee’s login credentials. This gave them access to a third-party company that Transak…
Get ready for some serious crypto FOMO! Several Bitcoin holders who bought the coin years ago have recently woken up from their digital slumber and moved their holdings, making massive profits in the process. The Big Sleepers The 14-Year Nap: One lucky investor, who bought Bitcoin back in 2010, recently activated a wallet containing 50…
Cryptocurrency has become increasingly popular, but unfortunately, so has criminal activity involving digital assets. The Growing Threat of Crypto Crime While the value of crypto transactions received by illegal addresses has decreased, experts believe this figure will rise as more suspicious addresses are uncovered. This has led to a global crackdown on crypto crime, with…
Bitcoin has been on a wild ride lately, swinging from highs of $69,500 to lows of $65,000. But even with the price cooling off a bit, everyone’s watching to see what happens next. BlackRock’s Growing Influence One thing that’s got people talking is BlackRock, a massive financial company. A crypto analyst named Maartunn noticed that…
Circle, the company behind the popular stablecoin USDC, is still planning to go public. Their CEO, Jeremy Allaire, says they’re in a strong financial position and don’t need to raise more money before the IPO. Circle’s IPO Plans Circle filed a confidential draft registration for an IPO with the SEC back in January. They’re also…
Bitcoin’s open interest has been making headlines lately. It’s a measure of how much money is being bet on Bitcoin’s future price, and it’s been hitting record highs. What Does Open Interest Mean? Open interest tells us how much money is tied up in Bitcoin futures contracts. These contracts are basically bets on whether the…
Big banks like JPMorgan Chase, Bank of America, and Wells Fargo are refusing to define what an “unauthorized transaction” is, even though this term is crucial for determining if fraud victims get their money back. Banks Aren’t Clear on What’s “Unauthorized” Consumer Reports found that these banks, along with Capital One, U.S. Bank, and Truist,…
