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Cryptocurrencies have changed how online transactions are made and it may remain to do so in the next few years. Many people use cryptos like Bitcoin and altcoins like Ethereum, Litecoin, and DogeCoin in different ways. People mainly use these for online transactions as its quicker, safer, and somehow gives them anonymity as much as … Read more
Digital asset platforms have proven to be of great interest to financial service providers. Even Fidelity International is getting in on the action. The investment management firm has acquired a relatively big stake in OSL. Fidelity International Makes its Move That latter company is a major digital asset platform in Asia, primarily catering to professional … Read more
Facebook’s coin project, Libra, continues to draw attention despite setbacks, including a shrinking pool of backers and a growing number of worried regulators. But now with JP Morgan seeing potential for the social network’s cryptocurrency and e-commerce giant Shopify joining the Libra Association, its chances might have improved. Although, assuring governments that Libra won’t undermine … Read more
On February 21, the crypto Twitter commentator Dovey Wan published a series of tweets about an alleged SIM card hack that purportedly saw the loss of $30 million in bitcoin cash. The story stemmed from a Reddit post that’s now deleted and so far no one has provided any verifiable proof from the proclaimed victim. … Read more
Losing funds is not uncommon in the cryptocurrency space. This is primarily due to the ongoing rise in SIM swapping attacks. Several users have fallen victim to a SIM swap in recent years. BCH SIM Swap Story Seems Questionable It has proven to be a very effective method for criminals to exploit. One user claims … Read more
Wells Fargo, one of the largest U.S. financial services companies, has agreed to pay $3 billion to resolve the U.S. government’s investigations into fraudulent sales practices spanning over 15 years. The Wells Fargo fraud case involved the company forging customer signatures, moving money from millions of customer accounts to unauthorized accounts, and misusing customers’ sensitive … Read more
Twitter always seems to be up in arms when it comes to cryptocurrencies. This week, someone explained how Binance is now licensed to operate in Malta. While that is indeed a fact, it simply doesn’t matter. Binance Seemingly has Nothing to do With Malta Binance is not based in the country, thus obtaining an authorization … Read more
Two recent flash loans on the defi platform Bzx have started a fierce debate about the subject of using uncollateralized loans in a quick trade. Essentially these flash loans are providing people with the ability to borrow crypto without relinquishing any collateral. The scheme was used to exploit funds from the Bzx platform twice, as … Read more
The recent incident affecting the IOTA network still leaves many people surplussed. A full incident report has finally come to light, which puts things in their proper perspective. It is rare for a cryptocurrency network to be halted completely. Documenting the IOTA Network Hack This is especially true when it comes to developers causing this … Read more
China’s Center for Information and Industry Development has published its latest crypto project ranking — the first this year. A total of 37 crypto projects, two more than in the previous ranking, were evaluated and ranked overall this month as well as in three separate categories. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett … Read more
