Category: Cryptocurrency

Crystal Blockchain Study Reveals $16.7 Billion in Crypto Assets Stolen Since 2011

March 21, 2023 Caden

Crystal Blockchain, a company that provides blockchain data and analytics, published a study covering security breaches, fraud, and scams related to cryptocurrency and decentralized finance (defi). According to the study, approximately $16.7 billion in crypto assets have been stolen since 2011. Last year, Crystal’s intelligence team documented 199 incidents resulting in the theft of $4.17…

Analytics, Blockchain, Blockchain Analysis, China, crypto exchange, Cryptocurrency, cryptocurrency mixing service, cryptocurrency theft, Crystal Blockchain, Cyber Security, cyberattacks, Cybercrime, decentralized finance, DeFi, Digital Assets, Ethereum blockchain, financial damage, Financial Technology, Fraud, Hackers, Money Laundering, News, nft, Ponzi scam, Ronin network bridge hack, rug pulls, Scams, security breaches, stolen assets, Tornado cash, United States

Blockchain.com Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil

March 11, 2023 Caden

According to reports and a filing that shows its name struck off the U.K. companies’ register list, Blockchain.com is sunsetting its Blockchain.com Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business. The Impact of Crypto Winter on the Cryptocurrency Industry…

Altis Partners, Asset Management, bankruptcies, Blockchain, Bloomberg News, Business Decision, Company Valuation, contagion, crypto firms, Crypto Winter, Cryptocurrency, Digital Assets, economic conditions, Family Offices, Financial Markets, Financial Services, Global Economy, High-Net-Worth Individuals, Industry Challenges, Industry Impact, Industry Turmoil, institutional investors, Institutional Product, layoffs, Market Capitalization, Market Observer, News, partnership, regulatory landscape, UK Companies Register

Investment Fund Focused on Crypto Mining to Be Created in Russia

March 3, 2023 Caden

The establishment of Russia’s first mutual investment fund dedicated to financing cryptocurrency mining operations is underway. According to a report by the Russian press, it will be available to qualified investors and will finance the acquisition of coin minting equipment. Russian Crypto Mining Sector to Attract Shareholders Through Investment Fund Work has begun to set…

Bank of Russia, Crypto, crypto mining, Cryptocurrencies, Cryptocurrency, equipment, establishment, fund, Hardware, investment, investment fund, Mining, mutual fund, Regulations, rules, Russia, russian

Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic

February 28, 2023 Caden

Following the initial incident on Feb. 25, Solana resolved the blockchain’s performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed that the “root cause is still unknown and under active investigation.” Social Media Mocks Solana’s 10th Downtime, Supporters Defend Project…

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Briton Wanted by US for Advising North Korea on Crypto Arrested in Russia

February 23, 2023 Caden

A British national wanted with a red notice from Interpol for consulting North Korea on cryptocurrencies has been detained in Moscow. U.S. authorities allege that the man helped the regime in Pyongyang to bypass sanctions using digital assets. U.K. Citizen Sought by U.S. for Violating North Korea Sanctions Apprehended in a Moscow Hostel The Russian…

American, Arrest, Arrested, Blockchain, blockchain technologies, Brit, British citizen, Briton, Crypto, crypto entrepreneur, crypto technologies, Cryptocurrencies, Cryptocurrency, detained, evasion, INTERPOL, News, north korea, pyongyang, Russia, russian, Sanctions, U.S., US

Helium Network Migration to Solana Blockchain in March Drives Significant Gains for SOL and HNT Tokens

February 20, 2023 Caden

Over the past seven days, the crypto asset solana has increased more than 23% against the U.S. dollar after the announcement that the Helium Network plans to migrate to the Solana blockchain on March 27. Helium Network’s native token, helium, has also risen, jumping 25% over the past week against the greenback. Core Helium Devs…

Altcoin Development, Altcoins, Blockchain, Blockchain network, blockchain technology, commercial demand, Core Developers, crypto assets, Cryptocurrency, cryptocurrency market, Data Transfer Accounting Oracles, Digital Currency, digital wallets, Finance, Governance, Helium Network, hotspots, Internet of Things, investment, IoT, LNS, Market Valuation, Migration, network of networks, network scalability, network transition, network upgrade, PoC Oracles, Solana, technical development, Token, token holders

Russia Releases Bitzlato Co-Founder Anton Shkurenko After Questioning

February 12, 2023 Caden

Russian authorities have released the recently arrested co-founder of crypto exchange Bitzlato, said to have processed illicit funds worth millions of U.S. dollars. Anton Shkurenko, who was questioned in Moscow, denies the French charges against him that became the reason for his brief detention. Shkurenko Says Potential Case Against Him in Russia Won’t Interfere With…

Anton Shkurenko, Arrest, Bitzlato, Charges, co-founder, Crypto, crypto exchange, Cryptocurrencies, Cryptocurrency, Europol, Exchange, Exchanges, extradition, France, french, INTERPOL, Prosecutor's, Release, Russia, russian, Shkurenko

NFT Sales Soar: January 2023 Reaches Nearly $1 Billion in 30 Days With 41% Increase

February 2, 2023 Caden

Non-fungible token (NFT) sales increased 41.96% from the previous month, according to data recorded on Feb. 1, 2023. NFT sales reached nearly $1 billion in 30 days, with an approximate total of $997.53 million. Additionally, the number of digital collectible transactions rose more than 22% in the past month. Bored Ape Yacht Club Dominates, Ethereum…

$997.53 million, 1 month, 2023, 22, 30 day sales, 30-day rise, 30-days, 41.96%, Blockchain, Bored Ape Yacht Club, crypto assets, Cryptocurrency, cryptoslam.io, dappradar.com, data, digital collectible transactions, Digital Collectibles, Ethereum, Feb. 1, increase, january, January 2023, Markets and Prices, Mutant Ape Yacht Club, nearly $1 billion, nft, NFTs, NFTs 30 day, Non-fungible tokens, Number, past month, previous month, sales, Solana

Hive Ransomware Network Dismantled by American, European Law Enforcement

January 27, 2023 Caden

Law enforcement authorities from over a dozen countries in Europe and North America have taken part in disrupting the activities of the Hive ransomware group, the U.S. Justice Department and Europol announced. Hive is believed to have targeted various organizations worldwide in the past couple of years, often extorting payments in cryptocurrency. Captured Decryption Keys…

companies, Crypto, Cryptocurrency, darknet, DOJ, EU, Europol, Extortion, FBI, government facilities, hive, hospitals, IT, Law Enforcement, News, OIL, Payments, ransom, ransom payments, ransomware, Ransomware attacks, uk, US, Victims

Germany’s Financial Watchdog Warns of ‘Godfather’ Malware Attacks on Crypto Apps

January 12, 2023January 27, 2023 Caden

The agency overseeing the financial sector in Germany has issued a warning about the ‘Godfather’ malware attacking banking and crypto applications. Hundreds of these platforms have been targeted, the regulator noted, including those operating in the Bundesrepublik. Financial Authorities Advise Germans How to Protect Their Mobile Apps From Malware The Federal Financial Supervisory Authority of…

accounts, android, applications, Apps, Attacks, banking apps, Crypto, crypto apps, Cryptocurrencies, Cryptocurrency, german, Germany, Godfather, Hacks, Malware, mobile apps, regulator, Security, Trojan, Wallets, watchdog