Recent investigations reveal an alarming trend in cybercrime, particularly within the cryptocurrency ecosystem. Cybercriminals have taken to leveraging widely trusted tools, such as Zoom, to carry out sophisticated phishing scams. This method of deception is not only alarming but underscores the vulnerability of even the most reputable digital platforms to malicious exploitation. A recent phishing
Crypto
December 2023 has emerged as a defining period for MakerDAO, demonstrating exceptional growth amidst a dynamic cryptocurrency landscape. As outlined by insights from the decentralized finance (DeFi) analytics platform DeFiLlama, the protocol not only recorded impressive fee revenues but also shattered its own historical performance metrics. MakerDAO realized an astonishing $40.86 million in fees throughout
The cryptocurrency landscape has undergone significant transformations in recent months, marked by a stark contrast in the performance of various sectors. As 2024 comes to an end, AI-driven projects have surged in popularity while traditional favorites like meme coins and modular projects have faced substantial setbacks. The emergence of artificial intelligence (AI) as a central
The ongoing shifts within the cryptocurrency market have raised various questions about the future landscape, particularly regarding Bitcoin’s position as a leader. Despite facing recent fluctuations, financial forecasts predict that Bitcoin will not only maintain its influential status but will strengthen its role as a key global financial asset. The latest report from Franklin Templeton
In 2024, a troubling shift has emerged in the cryptocurrency landscape, where access control vulnerabilities have become the predominant factor for the staggering financial losses resulting from hacks across various sectors, including decentralized finance (DeFi), centralized finance (CeFi), and the gaming/metaverse arenas. Remarkably, these vulnerabilities accounted for a striking 75% of the total losses, as
As the calendar turns towards a new year, the infamous figure known as the “Blockchain Bandit” has resurfaced, orchestrating a colossal transfer of 51,000 ETH—amounting to approximately $172 million—into a consolidated multisig wallet. This shocking move occurred on December 30, following a lengthy period of inactivity. Crypto sleuth ZachXBT provided crucial insights by revealing that
In the wake of prolonged conflict and economic instability, Syria finds itself in desperate need of innovative solutions to breathe life into its ailing economy. The Syrian Center for Economic Research (SCER) has put forth an ambitious proposal aimed at legalizing Bitcoin and digitizing the Syrian pound. This transformative approach seeks not only to combat
The evolving landscape of cryptocurrency regulation continues to present challenges for users and investors alike, particularly as the Internal Revenue Service (IRS) seeks to clarify and implement new reporting requirements. In light of these developments, the IRS has introduced a temporary relief measure that is poised to significantly impact how taxpayers approach their crypto transactions,
On December 31, 2022, Switzerland witnessed a significant development in the realm of cryptocurrency. The Swiss Federal Chancellery registered an initiative that proposes the Swiss National Bank (SNB) to include Bitcoin in its reserves. Spearheaded by a coalition of ten Bitcoin proponents, including notable figures like Giw Zanganeh—Vice President of Energy and Mining at Tether—and
The Bitcoin market has gained a reputation for its cyclical nature, particularly during the final quarters of halving years when price rallies often occur. Traditionally, this trend has been buoyed by strong investor demand. However, recent movements in Bitcoin’s price suggest that this customary seasonality may be dissipating. Price fluctuations over the past two weeks
