Chainalysis alerts rise in crypto hacks and ransom in 2024
Cryptocurrency hackers have been returning to their roots to targeting centralized exchanges amid a spike in the Bitcoin price in 2024.
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Bitfinex Cries Fraud as Crypto Capital Executive Indicted by US
Over the past week, news broke detailing that Oz Yosef, an executive of the mysterious firm Crypto Capital, has been indicted by the United States for conspiracy to commit bank fraud and conspiracy to operate an unlicensed money transfer service.The news came just days after Crypto Capital’s president, Ivan Manuel Molina Lee, was arrested by…
JPMorgan Chase CEO: Crypto Projects Pose No Threat to Banking System
JPMorgan Chase CEO Jamie Dimon said that he does not think that cryptocurrency projects pose an existential threat to JPMorgan's core business. During an interview with Yahoo Finance on June 27, Dimon discussed crypto’s potential impact on the existing banking system:"We move $6 trillion a day around the world. It is very cheap, very secure, it…
‘Invest In Bitcoin’ Galaxy Digital Ad Tells Financial Times Readers
‘Now is the time to invest in Bitcoin,’ the full-page ad in UK-based international business newspaper Financial Times states. Mike Novogratz’s Galaxy Digital is following in Grayscale Investments’ footsteps by releasing an ad for cryptocurrency to the general public, this time using print media.A full-page ad for the cryptocurrency investment bank appeared in the U.K.-based…
Bitcoin Double-Spends an Inevitable Network Feature, Legitimate or Not
Double-spending is an issue that has existed ever since Bitcoin’s (BTC) inception, and according to a recent report from ZenGo, it still persists across cryptocurrency wallets such as BRD, Ledger Live and Edge.Although these companies have updated their product offerings since ZenGo pointed out this discrepancy, it is speculated that millions of crypto users could…
Data suggests traders view $46,000 as Bitcoin’s final line in the sand
Dec. 13 will likely be remembered as a “bloody Monday” after Bitcoin (BTC) price lost the $47,000 support, and altcoin prices dropped by as much as 25% within a matter of moments. When the move occurred, analysts quickly reasoned that Bitcoin’s 8.5% correction was directly connected to the Federal Open Market Committee (FOMC) meeting, which starts…
Bitcoin Price Breakout Scheduled for August, Says Fundstrat’s Tom Lee
Fundstrat Global Advisors co-founder Thomas Lee broke with tradition about Bitcoin (BTC) price forecasts on March 14, telling CNBC he thinks a bull mark could return within six months.In an interview with the publication, Lee, who is well known as a Bitcoin bull — but said he would stop giving out timeframes for a price…
Former Celsius exec pleads guilty to criminal charges
Roni Cohen-Pavon, Celsius’ former chief revenue officer, has pleaded guilty to four criminal charges and will be free on bail until a Dec. 11 sentencing hearing. 103 Total views 1 Total shares Roni Cohen-Pavon, the former chief revenue officer of cryptocurrency lending firm Celsius, has reportedly pleaded guilty to charges related to fraud and price
Report: Critical Vulnerabilities Leaking User Data Found on DX.Exchange, Patched Later
Estonia-based cryptocurrency and tokenized stock exchange DX.Exchange has reportedly fixed a critical vulnerability that leaked sensitive user data.Technology news website Ars Technica reported on the security leak Jan. 9, citing an anonymous trader who conducted a security analysis of DX.Exchange.According to Ars Technica’s article, a trader, who wished to remain anonymous due to legal concerns,…