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The bull market has renewed investors’ interest in cryptocurrencies as they hope to receive massive returns from their investments. Sensing the opportunity, several celebrities have created and promoted tokens with a promise of significant gains. However, not all tokens launched by celebrities have lived up to the hype. Some have performed poorly in recent weeks
Andrew Richard3 min read
From supporting the creation of cryptocurrencies to enabling fast and cheap cross-border payments, blockchain technology is proving to be a significant innovation in today’s world. Its latest use case is decentralized science (DeSci), a new way of conducting scientific research and study. Read our comprehensive guide to learn more about decentralized science. DeSci Defined Decentralized
Andrew Richard3 min read
Key Insights: The UK government is under scrutiny for failing to meet its own requirement to list the use of artificial intelligence (AI) systems on a public register. Despite announcing in February that it was mandatory for all departments to disclose their use of algorithms, no submissions have been made by Whitehall departments, sparking concerns
Curtis Dye4 min read
South Korean authorities have accused North Korean hackers of attacking the Upbit crypto exchange in 2019 and making away with $50 million in crypto. According to the National Office of Investigation (NOI), notorious hacker organizations Andariel and Lazaraus were behind the hack, in which about 342,000 ETH were stolen. Stolen Crypto Value Exceeds $1 Billion
Andrew Richard2 min read
The crypto world is filled with bad actors looking to exploit vulnerabilities and steal funds from investors. Therefore, choosing a secure desktop wallet is vital. This article lists some of the top desktop wallets in the market to help you make the right choice. Read on to find out more. Best Crypto Desktop Wallets Exodus
Andrew Richard3 min read
Key Insights: Tether’s CEO, Paolo Ardoino, has provided additional context regarding a recent $2 billion USDT minting on the Ethereum blockchain. The transaction, flagged by on-chain tracker Whale Alert, initially raised questions within the crypto community. Ardoino clarified that the issuance was part of a planned chain swap operation rather than an increase in the
Curtis DyeUpdated 3 min read
Forcount Promoter to Serve a 20-Year Jail Term A New York-based federal court sentenced to jail Juan Tacuri on Wednesday. The man, who had been living in Florida, is expected to serve a 20-year jail term after being found guilty of promoting a global crypto Ponzi scheme, Forcount. Following the court’s ruling, the US Attorney’s
Andrew Richard2 min read
On Wednesday morning, an anonymous Bitcoin whale who participated in mining the earliest blocks sent their rewards to one of the leading exchanges, Kraken. On-chain data shared by crypto analytics firm Arkham Intelligence indicates that the whale, currently holding mined BTC worth over $75 million, transferred $850,000 worth of coins in three transactions. Furthermore, Arkham
Andrew Richard2 min read
A dark web forum user named FireBear claimed on Tuesday that they had illegally accessed sensitive data of over 12.9 million Binance users. The alleged leaked information included names, phone numbers, physical addresses, and email addresses. However, Binance has released a statement denying FireBear’s claims. In a post on the forum, FireBare bragged about how
Andrew Richard2 min read
Bitcoin ATMs provide crypto users with a convenient way to buy and sell digital currencies. They look similar to standard ATMs installed in traditional banks, allowing people to exchange fiat for BTC and vice versa. However, not every Bitcoin ATM is compliant. As interest in crypto grows, several bad actors are installing illegal Bitcoin ATMs
Andrew Richard3 min read
Key insights: Ripple CEO Brad Garlinghouse expressed optimism regarding the future of stablecoins in Japan, particularly for a Yen-backed stablecoin. In a recent interview with Bloomberg’s The China Show on September 7, Garlinghouse indicated that Japan’s favorable regulatory environment has fostered a promising market for stablecoin development. However, Ripple plans to focus on the launch
Curtis Dye3 min read
Key Insights: The WazirX exchange, one of India’s cryptocurrency platforms, recently announced that its internal systems remained secure following a $230 million hack that took place last month. A forensic probe led by Mandiant Solutions, a subsidiary of Google, confirmed that the cyberattack did not stem from a breach in WazirX’s internal infrastructure. However, the
Curtis Dye4 min read
