Tag Archives: crypto

Deputy Attorney General Lisa Monaco says that a new division of the Federal Bureau of Investigation (FBI) has been formed to crack down on cyber fraud and tackle bad actors in the crypto space. Lisa Monaco Says Crypto Security in the U.S. Is a Big Deal The United States as of late appears to be putting the crypto industry at the forefront of its priorities list, though this hasn’t always been a good thing. The recent infrastructure bill passed last summer, for example,...

It’s a real problem getting your crypto account hacked, but if it contains the funds you’re going to use to retire, well… Then the situation becomes even bigger, and for several customers of IRA Financial Trust – a firm that allows its clients to invest their retirement funds in digital assets – this truth is hitting home right about now. IRA Financial Trust Sees a Lot of Money Disappear IRA Financial Trust has recently had about $36 million in client-owned digital funds...

More and more customers of traditional banks and financial institutions are seeking ways to retain their monetary freedom and find new methods of investing. Crypto’s popularity is growing steadily every day, and there are now several banks seeking to provide their clients with ways of garnering crypto and adding digital assets to their portfolios. The latest bank to join this list is Valliance, which has chosen Bakkt as the official institutional platform that will grant...

It’s been months, and the fight surrounding crypto in India doesn’t appear to have an end in sight. The Reserve Bank of India (RBI) and its deputy governor T Rabi Sankar have recently issued statements saying that the only way to deal with crypto within the nation’s borders is by banning it. India and Crypto… The Fight Is Still Waging The words came at the recent Indian Banks Association 17th Annual Banking Technology Conference and Awards. Not long ago, it was announced...

It appears that the crypto space is becoming far more attractive to minority groups. Caroline Altagracia, for example, is a college student at the University of Albany. While in high school, she learned about digital currencies and became fascinated with the technology behind them. Minorities Are Entering the Crypto Space In an interview, she stated: It’s definitely been an empowering journey. I feel like when I initially was intimidated, I had to kind of get past that...

The Justice Department has arrested a couple in New York for their alleged participation in a crypto scam that occurred roughly six years ago. Ilya Lichtenstein – age 34 – and his wife Heather Morgan, age 31, have been charged with laundering funds garnered through a massive $3.6 billion cryptocurrency hack that targeted popular digital currency exchange Bitfinex in 2016. The Crypto Space Still Sees Its Fair Share of Hacks Cryptocurrency hacks and thievery in the world...

Cryptocurrencies have shot up over the past several days. Bitcoin, for example, has gone up past $43,000, while Ethereum has shot past $3,100. Dogecoin has also jumped by more than six percent and is trading for about 15 cents at the time of writing. Bitcoin Is Doing Better Bitcoin has been suffering throughout the new year, and while things are certainly up at press time, it’s likely going to be a while before they fully recover. Bitcoin initially rose to about $68,000...

Bitcoin and crypto has been around for many years, but none of the well-known assets of today have hit a peak. None have reached mainstream acceptance levels, and there are several people out there wondering what it’s going to take for these currencies to be given their due. Why Is Crypto Not Further Ahead? A recent panel of experts – including Chris Smith, founder of BIG Esports; Josh Marcus, COO at Rumble Gaming, and Evan Heby, senior marketing manager at Tipalti – sat...

The prices of the world’s major cryptocurrencies – including bitcoin and Ethereum – have crashed this week. Bitcoin, for example, has fallen below $33,000 per unit, while Ethereum is down to about $2,300. At the center of all this is a new executive order that Joe Biden is set to issue. The order will ask the Fed and other financial agencies in the U.S. to look at cryptocurrency and determine the risks and opportunities that come with the space. The U.S. Is Looking to Implement New Crypto...

Hackers have learned to manipulate smart contracts so they can engage in what are known as crypto “rug pulls” and make off with heavy profits. Rug Pulls Are Becoming Too Common According to a recent document published by blockchain analysis firm Chainalysis, rug pulls were the most common cyberattack to occur in the crypto space throughout 2021. Rug pulls are when new coins or tokens are established very quickly. The developers ultimately do all they can to bring...