The National Fraud Intelligence Bureau (NFIB) in the UK has taken action against 43 potential crypto phishing websites, highlighting the growing concern of fraudulent activities in the digital asset industry. These websites have been impersonating popular blockchain-based firms and attempting to exploit vulnerabilities in order to deceive unsuspecting users. The NFIB identified a spoof email
Blockchain
The Bank of International Settlements (BIS) has recently released a report emphasizing the importance of regulatory measures to safeguard the digital economy against the potential risks of an unregulated metaverse. The 31-page report raises concerns that the emergence of future money and virtual environments may lead to fragmentation and the dominance of powerful private firms.
Blockchain technology has long been touted as a game-changer in the world of finance, and a recent report from leading cryptocurrency exchange Coinbase reaffirms this notion. In its latest “State of Crypto Report,” Coinbase emphasizes the potential of blockchain to save American consumers billions of dollars. The report highlights the frustration among Americans with the
In a heated battle within the cryptocurrency industry, Digital Currency Group (DCG) has launched a fierce opposition against the bankruptcy plans put forth by its subsidiary, Genesis. The dispute between the two entities has prompted DCG to file a court document arguing that the proposed plan is not only unlawful but also biased towards a
In a recent development, Han Chang-joon, the former Chief Financial Officer (CFO) of Terraform Labs, has been extradited to South Korea by Montenegrin Police after serving his jail term. The extradition was made possible by a decision taken by the Ministry of Justice of Montenegro, as stated in an official release on February 5, 2024.
In today’s healthcare landscape, organizations are increasingly recognizing the importance of advanced data management solutions. The need to effectively manage, govern, exchange, and analyze both internal and external datasets has become vital. Moreover, ensuring adequate data protection has emerged as a major concern, particularly in light of the rising number of data breaches in the
The convergence of blockchain technology and artificial intelligence (AI) has the potential to revolutionize the Web3 landscape. According to a recent report by TenSquared Capital, AI can play a crucial role in enhancing speed, efficiency, and trust in Web3 applications. By automating tasks, facilitating data-driven decision-making, and increasing transparency, AI can address complex global challenges
Renowned crypto influencer BitBoy, also known as Ben Armstrong, has shocked the cryptocurrency community by announcing the end of his daily crypto show after three years. In a recent video posted on his YouTube channel, BitBoy revealed that financial challenges and ongoing legal battles have forced him to make this difficult decision. The Financial Struggles
In a high-profile case in South Korea, eight prosecutors and police officers are possibly going to face trial due to their connections to a suspected crypto fraudster. The trial of one prosecutor has already commenced, shedding light on the alleged involvement of these officials in the case. The accused individual, referred to as “A” by
Visa, a global payment giant, is taking another step forward in its journey towards cryptocurrency adoption. The company has joined forces with Web3 infrastructure provider Transak to introduce a new method for exchanging cryptocurrencies for fiat currencies without relying on centralized exchanges. The collaboration leverages the power of Visa Direct, allowing users to withdraw cryptocurrencies
