Crypto hackers surpass $1.2 billion stolen in 2024: Immunefi
Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year.
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Bitfinex CTO Reinforces Rumors Exchange Has Raised $1 Billion in IEO
The CTO of cryptocurrency exchange Bitfinex appeared to confirm the entity had raised $1 billion in fresh investment in new social media comments on May 13.Following rumors that began with a major shareholder in the platform announcing $1 billion confirmed in hard and soft commitments, CTO Paolo Ardoino took to Twitter on Monday to report…
Third non-EU country, Ukraine, joins the European Blockchain Partnership
With the ultimate goal of integrating its digital economic space with the EU, Ukraine plans to expand its interstate blockchain network partnership with other countries. 49 Total views 1 Total shares After Norway and Liechtenstein, Ukraine became the third country outside the European Union (EU) to join the European Blockchain Partnership (EBP), an initiative derived…
EY, Microsoft and ConsenSys Launch Enterprise Platform on Ethereum Mainnet
Global taxation and transaction advisory firm EY have announced the launch of their open-source Baseline protocol. Baseline comprises a smart contract and tokenization platform built for enterprises on top of the Ethereum blockchain. Baseline was founded by EY in partnership with Microsoft and ConsenSys, and was developed in collaboration with many companies operating in the cryptocurrency…
Crypto 401(k): Sound financial planning or gambling with the future?
In April, United States-based retirement plan provider Fidelity Investments moved to allow 401(k) retirement savings account holders to invest directly in Bitcoin (BTC), the flagship cryptocurrency, making crypto a potential part of one’s savings for the future.A 401(k) is a retirement savings plan offered by many U.S. employers that give the saver tax advantages and…
Global search interest for ‘NFT’ surpasses ‘crypto’ for the first time ever
Cointelegraph Research predicts that nonfungible token sales could eclipse $17.7 billion by the end of 2021. 848 Total views 24 Total shares For the week ending on Christmas, global searches for the term "NFT," which refers to nonfungible tokens, have surpassed "crypto," according to Google Trends. The sharp increase in search traffic for NFTs offers…
Yale University Invested in New $400 Million Crypto-Focused Fund, Says Report
Ivy League U.S. university Yale is said to be one of the investors that helped to raise $400 million for a major new cryptocurrency-focused fund, Bloomberg reports October 5.The fund, dubbed ‘Paradigm,’ was reportedly created by Coinbase co-founder Fred Ehrsam, former Sequoia Capital partner Matt Huang, and Charles Noyes, formerly of stalwart crypto fund Pantera…
The impact of Bitcoin hacking incidents in the crypto market
In the 2013–2017 period, 29 hacks occurred in the Bitcoin market where a total of 1.1 million Bitcoin were stolen. Noting that the average price for Bitcoin (BTC) in December 2020 exceeded $20,000, the corresponding monetary equivalent of losses is more than $22 billion, which strongly highlights the societal impact of this criminal activity. What did…
Binance gets crucial license for its Spanish subsidiary from the Bank of Spain
Changpeng Zhao, the CEO of Binance, said that compliance with regulation is very crucial to the broader adoption of crypto. 148 Total views 15 Total shares Crypto exchange Binance has been registered as a virtual asset service provider (VASP) by the Bank of Spain. This allows the exchange to offer custody and crypto exchange services…