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The rise of cryptocurrencies has brought with it a plague of hacks and exploits that have cost investors billions. Quantstamp CEO Richard Ma offers a sobering inside look at the limitations of security audits in an exclusive interview, explaining why an “Audited By” label offers little protection. Read on to
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Hackers Gain Access to Crypto Analytics Firm's Data, Raising Concerns The cryptocurrency world was rocked this week by news that major crypto analytics platform Nansen suffered a data breach that exposed sensitive customer information. According to the company's own admission, hackers gained access to Nansen'
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The spectacular raid of a Venezuelan maximum security prison housing 11,000 inmates this week uncovered a massive illegal Bitcoin mining operation unlike anything authorities had seen before. On Thursday September 21st, over 11,000 National Guard troops stormed the prison in Portuguesa state in search of illegal activities. What
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More crypto companies look abroad as U.S. regulators crack down The winds of governmental regulation are blowing cold and harsh against the crypto industry in the United States. While the Securities and Exchange Commission aggressively pursues enforcement actions against top players like Binance and Coinbase, lawmakers dither and delay
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A lethal combination of surging crypto adoption and lack of regulation has left investors lost in a lawless abyss as frauds run rampant across the nation. With complaints going unregistered and landmark cases yet to set precedent, has India's crypto dream turned into an unpoliced digital nightmare? India
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The notorious hacking group Lazarus Group, allegedly run by the North Korean government, currently holds cryptocurrency worth over $47 million in their linked wallets according to new data. This alarming finding once again highlights the cybersecurity risks facing the cryptocurrency industry as malicious actors seek to exploit vulnerabilities for financial
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In an unprecedented move that signals escalating oversight of the cryptocurrency industry, South Korean financial authorities are gearing up to initiate stringent eligibility reviews for major shareholders of cryptocurrency exchanges, mirroring the rigorous standards upheld within the traditional banking sector, multiple local media outlets reported late last week. The planned
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The ongoing legal battle between the SEC and leading crypto exchange Binance has reached an impasse, leaving the industry in limbo. Meanwhile, Bitcoin advocates are doubling down on claims that the NSA had a hand in creating Bitcoin. This vital news means the crypto industry's future remains uncertain
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The cryptocurrency market has been on a wild ride in recent weeks, with major coins like Bitcoin, Ethereum, and XRP seeing major price swings. This past week proved no different, with more volatility that has crypto investors on the edge of their seats. What lies ahead, and can any sense
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Ethereum co-founder Vitalik Buterin believes cryptocurrencies currently provide the greatest real-world utility in emerging economies, according to a recent interview with CNBC. While developed nations often view crypto as a speculative digital asset, Buterin claims its most meaningful use cases exist in lower-income developing countries that lack essential financial services.
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Powerful Lobbying Needed Before 2024 Election, Says Coinbase CEO The crypto industry is facing an "unfair" regulatory environment according to Brian Armstrong, CEO of top U.S. exchange Coinbase. In a new interview, Armstrong stated that certain government actors like SEC Chair Gary Gensler and Senator Elizabeth Warren
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Amid cautious optimism that a new era of maturity could be dawning for crypto, publicly traded companies find themselves on the front lines, under intense scrutiny as they work to bring the industry into the mainstream. Though the path is filled with challenges, their efforts may pay dividends for the
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Ex-Banker Faces Up To 30 Years in Prison for $1.5 Million Cryptocurrency Scheme A former Deutsche Bank executive who ran a fraudulent cryptocurrency investment fund has pleaded guilty to charges of investment fraud and identity theft, the U.S. Department of Justice announced on Monday. Rashawn Russell, 27, faces
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The crypto world faces a monumental shift as the UK imposes new regulations on digital assets. Leading exchange Bybit just announced it will suspend services in Britain to comply with the Financial Conduct Authority's stringent promotion rules. This drastic move underscores how seriously the UK treats crypto oversight
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With Ripple stuck battling the SEC in court and the 2024 US Presidential election approaching, the future of the XRP cryptocurrency remains uncertain. Will a potential Republican administration usher in a new era for crypto regulation, or will the status quo prevail? This article will provide the latest updates on
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When the crypto empire of Sam Bankman-Fried collapsed in November 2022, it didn't just wipe out the billions of the young crypto mogul himself. It also destroyed the financial futures of countless ordinary investors who had placed their trust in the "King of Crypto's"