US national debt passes $35T — 5 Things to know in Bitcoin this week

A ransomware attack against Garmin affected pilots that rely on the company’s support for aviation navigational equipment. 422 Total views 7 Total shares Smartwatch maker and data-syncing service provider, Garmin, was the subject of a ransomware attack that took down several of its services on July 23, which managed to encrypt its internal network.According to…

The two U.S. Senators said the downfall of FTX clearly exemplified “the need for greater federal oversight of the digital asset industry.” 613 Total views 15 Total shares United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022…

This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn.

Bitcoin’s (BTC) price has been grinding up nicely over the past few weeks, but the past 24 hours have seen a significant correction. BTC price dropped by over $10,000 from $58,000 to under $48,000, a correction of almost 20%. This pullback — which many anticipated as 28,000 BTC was deposited to Gemini — also caused other cryptocurrencies…

Despite the volatility of the March 12 - 13 crypto market meltdown, Coinbase has identified several unusual methods through which traders were profiting amid the chaos.The crash saw rare profits being generated through ‘crypto-and-carry’ derivatives arbitrage, stablecoin speculation, and the failure of MakerDAO’s auction protocol.Derivatives arbitrage through ‘crypto-and-carry’ tradesCoinbase asserts that the sudden flip in…

Anthony Scaramucci called NAYG’s lawsuit against Galaxy Digital “lawfare,” while another crypto executive said the particular law was so unusual he had to look it up on ChatGPT. 366 Total views 2 Total shares The New York State Attorney General’s (NAYG) recent legal action against Galaxy Digital over its promotional ties to the now-collapsed cryptocurrency

Blockchain Capital has attracted investment from PayPal, Visa, and other investors to the tune of $300 million for its Fund V LP. 601 Total views 4 Total shares PayPal and Visa are among several major investors to have participated in a $300 million funding for Blockchain Capital.In a release issued on Tuesday, Blockchain Capital announced…

A new Microsoft report states that India encounters the second-highest number of cryptojacking incidents in the APAC region. 975 Total views 8 Total shares Cryptojackers are hitting pay dirt in India, according to Microsoft's newly released Security Endpoint Threat Report 2019.The report states that web users in India encounter crypto mining malware attacks at a…