Month: December 2020

US Treasury Unveils Stifling Crypto Wallet Regulation — Experts Break Down the Rules

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The Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Treasury Department, has unveiled its proposed rules on transactions involving cryptocurrency wallets. Experts in the crypto community have weighed in on what the new proposed regulation means, what crypto owners should do, and which wallets are affected. FinCEN’s New Rules for Crypto Wallets The … Read more

Survey: There Is ‘Significant Room’ for the NFT Market to Grow Despite Widespread Lack of Knowledge Among People

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A survey about non-fungible token (NFT) trends on crypto users revealed that 47% of correspondents had heard of NFT, and among these, 63% of them had only a basic understanding about it, while 57% of them had never used them. Survey Reveals Common User Has Just a Basic Understanding of NFT Market According to a … Read more

American Express’ Venture Arm Invests in a Cryptocurrency Trading Platform

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American Express says its venture arm, Amex Ventures has invested in Falconx the cryptocurrency trading platform that focuses on serving institutional trading clients. Amex’s investment, which was announced during a record-breaking week for bitcoin, underscores the credit card issuer’s desire to cash in on the growing institutional interest in cryptocurrencies. Amex Venture’s Long Term Interest … Read more

Two Rubygems Infected With Crypto-Stealing Feature Malware Spotted by Researchers

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New infected Rubygems packages have been spotted in its open-source software repository and which contained malicious code mainly used to steal cryptocurrencies from users via supply chain attack. Two Cryptocurrency-Stealers Rubygems Detected by Researchers at Sonatype According to Ax Sharma, a security researcher at Sonatype, the two gems detected — pretty_color and ruby-bitcoin — had … Read more