Hackers Take Over Robinhood’s Twitter to Promote Scam Token –

Hackers

Robinhood’s social media profiles suffered a hack, which the company claims was carried out by a third-party vendor. The hacker allegedly made off with over $8,000 in cash. One of the most popular channels for hackers to find victims is social media. The official Twitter page of crypto investment platform Robinhood was reportedly compromised and … Read more

Binance Admits that its Funds Management is not “Perfect”

Binance is reportedly planning to acquire renowned Indonesian crypto exchange Tokocrypto and is currently engaged in negotiations.

Binance began providing proof of reserve following FTX’s collapse to assure its users of its stability. A spokesperson said the exchange is working on moving the collaterals to a dedicated collateral wallet. Binance, the leading cryptocurrency exchange, has admitted that its management of users’ funds has not always been perfect and noted that it “mistakenly” … Read more

Victims of Ransomware Attacks Refusing to Pay: Chainalysis

Chainalysis stated that ransomware attackers extorted at least $456.8 million from victims in 2022, down from $765.6 million in 2021.

Parth Dubey January 23, 2023 at 03:48 UTC (3 minutes ago) Chainalysis stated that ransomware attackers extorted at least $456.8 million from victims in 2022, down from $765.6 million in 2021. “Much of the decline is due to victim organizations increasingly refusing to pay ransomware attackers,” said the blockchain firm. Most of the funds made … Read more

SEC Charges Avraham Eisenberg over Mango Markets Exploit

The SEC has charged Avraham Eisenberg, popularly known as Mango Avi, with orchestrating an attack on Mango Markets.

Parth Dubey January 21, 2023 at 13:58 UTC (1 minute ago) The SEC has charged Avraham Eisenberg, popularly known as Mango Avi, with orchestrating an attack on Mango Markets. The agency accused Eisenberg of stealing $116 million worth of digital assets and manipulating the price of MNGO token in a Friday filing. Eisenberg made a … Read more

Binance Intensifies its NFT Listing Process – Bitnation

The bankruptcy court has given crypto exchange Binance the initial nod to go ahead with the purchase of Voyager Digital.

Binance was recently named a counterparty to the unknown exchange Bitzlato, which is currently being investigated for alleged money laundering in the US. Regulators have accused Binance of aiding money laundering and have increased their scrutiny of the exchange. Crypto giant Binance has tightened its requirements for nonfungible token listings, according to a release shared on … Read more

Digital Dollar Project urges US Authorities to work on a CBDC

The Digital Dollar Project (DDP) has asked the American authorities to work on the development of the digital dollar.

Parth Dubey January 19, 2023 at 03:30 UTC (1 minute ago) The Digital Dollar Project (DDP) has asked the American authorities to work on the development of a CBDC. An extended version of the whitepaper was released by DDP which focuses on the usage of the digital dollar on an international level. CBDC projects around … Read more

ConsenSys Confirms 11% Job Cuts

ConsenSys Confirms 11% Job Cuts – Bitnation

ConsenSys joins several crypto firms, including Coinbase, in laying off employees. Affected employees are entitled to a generous severance package. Microsoft also announced on Wednesday that it would lay off 10,000 employees. Confirming recent rumors, the CEO of Ethereum development company ConsenSys, Joe Lubin, announced on Wednesday that the company will be laying off 97 employees. … Read more

Bank of America Says CBDC Could be the Future of Money –

Bank of America Says CBDC Could be the Future of Money –

China has the most advanced CBDC structure but bans cryptocurrency as a means of payment. The Bank of America believes CBDCs and stablecoins could play a role in how money is defined. Over 90% of central banks are considering issuing a CBDC. The growth of the crypto sector has captured the attention of global organizations, … Read more

Anthony Scaramucci Slams SBF, Calls him Bernie Madoff of Crypto

Anthony Scaramucci said that he thought SBF was Mark Zuckerberg of crypto but he turned out to be Bernie Madoff of crypto.

Parth Dubey January 17, 2023 at 09:18 UTC (1 minute ago) Anthony Scaramucci said that he thought SBF was Mark Zuckerberg of crypto but he turned out to be Bernie Madoff of crypto. The Skybridge Capital founder believes that the “ninth circle of hell” is reserved for Bankman-Fried for betraying his trust. Despite being “betrayed” … Read more