The summer period has been marked by lackluster trading activity in the digital asset market. Investment products in the cryptocurrency space have seen outflows amounting to $107 million. This trend is indicative of profit-taking among investors, with weekly trading volumes in these products 36% lower than the year-to-date average. The decline in trading activity extends
Crypto
Over the past week, Bitcoin has shown an unusual calmness, with its price hovering around $29,000. This is quite surprising for a cryptocurrency as volatile as BTC. In fact, Bitcoin’s volatility has dropped to levels lower than even that of gold, as indicated by the 5-day weighted average. Looking at the 1-hour chart, it is
With the continuous evolution of cyber threats, Blackberry has recently detected multiple malware families that target crypto assets, leading to massive campaigns in stealing cryptocurrencies from vulnerable devices. In the recent edition of ‘The BlackBerry Global Threat Intelligence Report,’ the once-dominant smartphone giant highlighted the finance, healthcare, and government sectors as the most targeted industries
The crypto market has been experiencing a prolonged winter, causing altcoin investors to lose faith. According to Michaël van de Poppe, CEO and founder of MN Trading, altcoin markets have been in a bear market for over two years, making it the longest existing bear market for cryptocurrencies. This downward trend in the altcoin market
In a recent incident, Changpeng “CZ” Zhao, the CEO of Binance, shared a cautionary tale of a clever scam attempt that was fortunately unsuccessful. This incident highlights the increasing sophistication of scammers in the crypto world and serves as a reminder for users to stay vigilant. Scammers have devised a new weapon in their arsenal
GameStop, the renowned American gaming merchandise retailer, has recently announced its decision to remove its cryptocurrency wallets from the market starting from November 1, 2023. This move comes after the company had introduced these features in the spring of the previous year, allowing users to manage digital assets and non-fungible tokens (NFTs). In an official
The Internal Revenue Service (IRS) has recently made a ruling regarding the inclusion of staking rewards in the gross income of U.S. cryptocurrency investors. This ruling is significant as it considers crypto assets as property for federal income tax purposes. In this article, we will delve into the details of this ruling, its implications for
The recent request by the U.S. Department of Justice (DOJ) to revoke the bail bond of Sam Bankman-Fried (SBF), the founder and former CEO of bankrupt cryptocurrency exchange FTX, sheds light on concerning behavior. The DOJ is seeking a detention order against SBF due to his persistent attempts to tamper with witnesses. These actions, as
Cybercriminals are constantly adapting their methods to maximize their chances of success. As ransomware attacks lose their appeal due to businesses refusing to pay the ransom, malicious entities are turning to a more covert strategy: cryptojacking. By harnessing stolen computing power, these criminals engage in cryptocurrency mining without the knowledge or consent of the device
Amidst a lack of bullish signals in the market, Shiba Inu (SHIB) experienced a significant 6% increase over the past day, driving its monthly gains to almost 12%. This surge can be attributed to the recent launch of the Shibarium Beta Bridge, which is part of the Shiba Inu project’s ambitious roadmap to transform into
