In a disturbing recent incident, multiple users of the Binance platform reported falling prey to a sophisticated SMS spoofing attack. The nature of this attack raised significant alarms in the cryptocurrency community, as the phishing messages were cleverly disguised within what appeared to be genuine conversations from Binance itself. This blurring of lines between legitimate
Crypto
In a notable advancement in the ongoing battle against cryptocurrency-related crime, US authorities have successfully seized approximately $31 million connected to the infamous 2021 hack of Uranium Finance. This significant achievement, announced by both the US Attorney’s Office for the Southern District of New York (SDNY) and Homeland Security Investigations (HSI), showcases the increasing vigilance
The world of cryptocurrency has become an alluring field for both investors and criminals alike. The latest report from Chainalysis reveals an intricate landscape of illicit activity that is not only pervasive but increasingly sophisticated. As we delve deeper into the current state of crypto crime, it becomes clear that the tactics and tools used
The cryptocurrency market is a realm of constant flux, driven not only by technological advancements and investor sentiment but also by political events and decisions. Recent developments have led many to reflect on whether specific moments could signify a turning point in this volatile market. One such moment that has generated significant discourse is January
The cryptocurrency market has been on a turbulent ride, particularly for spot Bitcoin and Ethereum exchange-traded funds (ETFs). Recent developments indicate a stark contrast in the performance of these assets, wherein Bitcoin ETFs have experienced a painful phase of net outflows, while Ethereum’s situation remains dire as it continues to face losses. This article aims
After a turbulent week marked by dramatic price fluctuations, Bitcoin has finally managed to stabilize following a tremendous dip to $78,000. The leading cryptocurrency experienced a rollercoaster drop, nearly descending below key psychological levels, but has since rebounded by approximately $7,000. This recovery signals a potential turning point in market sentiment as not only Bitcoin
In the ever-evolving landscape of cryptocurrency, the Tron network stands out, particularly in its stablecoin sector. USDT (Tether) has established itself as the uncontested leader, acquiring an astonishing 98.5% of the total stablecoin supply on the platform. With a circulating supply nearing $62.76 billion, USDT dwarfs its competitors, who collectively represent a mere 1.5% of
Thorchain has emerged as a notable protocol in the decentralized exchange landscape, primarily due to its commitment to interoperability. However, recent events have put the project’s stability and ethical framework in jeopardy. The catalyst for this turmoil appears to be the protocol’s inability to manage and prevent illicit funds, especially in light of a serious
The US Securities and Exchange Commission (SEC) recently made headlines by clarifying its position regarding meme coins and their classification under federal securities laws. Unlike traditional financial instruments such as stocks or bonds, the SEC has categorized meme coins more similarly to collectibles. This new perspective marks a significant evolution in how the agency views
The cryptocurrency landscape has experienced a significant downturn recently, with the overall market capitalization falling beneath the $2.8 trillion mark. Bitcoin (BTC) has taken a considerable hit, observing a dramatic 19% decrease over the past week. Ethereum (ETH), a primary competitor in the market, has encountered even steeper losses, with prices briefly falling below the