Crypto losses from fraud and hacks declined 12% in May — Immunefi
The decline in crypto scams and frauds continued, with only $52 million lost in May compared to $59 million the previous year.
Related Posts
21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks
When assisted senior living home The Preston of the Park Cities approached Owen Robertson to hold a course on crypto, NFTs, and the Metaverse for their residents, the 21-year-old didn’t expect how quickly they’d pick up on the complex topics. Speaking to Cointelegraph, the Quai Network marketing associate, board member of the Mccombs blockchain initiative, and…
Japan’s Messaging Giant LINE Announces New Digital Coin and 5 Decentralized Apps
Japanese social messaging giant LINE has unveiled 5 new decentralized applications (DApps) and a new Japan-focused digital coin. The plans were announced in a press release shared with Cointelegraph Friday, September 28.LINE’s messaging service is reported to have over 214 million active users, with 30 million in Japan already using its mobile payment service, Line…
OpenAI fundraising could push valuation to $150B
As fundraising unfolds, OpenAI’s valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round.
Appellate court decision allows Bitconnect class action to proceed
The superior court has reversed a lower court’s decision, making it possible for a class action to proceed against the promoters of one of crypto’s most infamous scams. The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action suit by reversing a previous ruling…
Can exchanges create imaginary Bitcoin to dump price? Crypto platform exec answers
Serhii Zhdanov called for broader regulation in offshore crypto exchanges that do not go through financial audits. 1507 Total views 41 Total shares One of the most substantial value propositions of Bitcoin (BTC) is that no one can create more of it apart from its fixed supply. However, an executive from a crypto exchange made…
Binance launches New Zealand-based offices following regulatory approval
New Zealand lawmakers and regulators largely have not imposed strict guidelines for crypto firms to operate in the country, nor for Kiwis to use cryptocurrencies freely. 107 Total views 4 Total shares Global cryptocurrency exchange Binance has registered with New Zealand’s Ministry of Business, Innovation and Employment and opened local offices in the country.In a…
Top-5 Crypto Performers: XLM, MIOTA, ETH,TRX, XRP
Bakkt Daily and Monthly Bitcoin Futures will launch on Sept. 22 at 8 p.m. EDT. This is likely to increase volatility in Bitcoin, which has been stuck in a tight range for the past few weeks. Expectations are that Bitcoin-settled contracts and the backing of the New York Stock Exchange will attract institutional players, who…
Nigeria revisits its payments landscape amid sluggish eNaira adoption
Nigeria’s central bank will explore the adoption of blockchain technology to power a central bank digital currency (CBDC), the potential of stablecoin adoption and regulatory considerations of initial coin offerings (ICOs) over the next two years.These are the key takeaways of a policy document titled Nigeria Payments System Vision 2025, published by the Central Bank…