DHS says it thwarted over 500 crypto ransom attacks in 3 years
The US Homeland Security Investigations (HIS) Cyber Crimes Center reported it disrupted hundreds of ransom attacks since its formation in 2021.
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Inside the Iranian Bitcoin mining industry
ViraMiner is an Iranian company that sets up Bitcoin mining farms and maintains them. It has two offices in western Tehran, located in separate adjacent buildings.When Magazine visits, its old office is busy on a Monday afternoon. This place is now officially dedicated to its repairing services alone.Mining devices are stored upon each other in…
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Bitmain Co-Founder Launches Another Lawsuit to Regain CEO Role
Micree Ketuan Zhan, the co-founder of leading mining hardware producer Bitmain launched another lawsuit in an attempt to regain his position as the CEO of the firm.According to a court filing in Fujan province, Zhan initiated a lawsuit against Bitmain’s subsidiary Fujian Zhanhua Intelligence Technologies and Beijing Bitmain Technologies.A hearing on the case was initially…
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Ethereum Now Rivals Bitcoin for Daily Value Transfers
The daily average transaction values across the Ethereum platform are now equal to those of the Bitcoin (BTC) network.According to blockchain analytics firm Messari, the daily value transfer — the total value of assets moved on the blockchain over a day — of the Ethereum network began rivaling those on the Bitcoin network as of…
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3 reasons why Bitcoin’s drop to $56.5K may have been the local bottom
The first rule of Bitcoin (BTC) trading should be “expect the unexpected.” In just the past year alone, there have been five instances of 20% or higher daily gains, as well as five intraday 18% drawdowns. Truth to be told, the volatility of the past 3-months has been relatively modest compared to recent peaks.Bitcoin historical…
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Insta-rally! FLOW token jumps 50% amid Instagram adoption euphoria
FLOW latest price rally has turned it into an "overbought" asset, which could amount to an imminent correction. 397 Total views 23 Total shares Flow (FLOW) logged its best daily performance on Aug.4 after becoming the latest blockchain to support Instagram's nonfungible token (NFT) features.Insta-made FLOW rallyMeta CEO Mark Zuckerberg announced on Aug. 4 that…
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Imprisoned Silk Road founder causes a stir with NFT drop
Those who support him hope he raises enough money to fulfill his personal and charitable needs, while others don’t think he should be selling NFTs at all. 962 Total views 16 Total shares Ross Ulbricht, founder of defunct dark web marketplace Silk Road, has created a stir by announcing he will auction off his series…
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Tornado Cash shows that DeFi can’t escape regulation
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) issued sanctions against Tornado Cash this month, marking its first action against a decentralized finance (mixer in what may prove to be a watershed moment for DeFi regulation.A lack of response and regulatory preparation from the industry is perhaps unsurprising of a mindset honed outside the…
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Web3 ecosystem thrives as AI DApps capture 28% market share
AI-based DApps have not only overtaken gaming but also set the stage for future innovations in the decentralized application space.