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Hacker Deploys 1 Million Virtual Servers in Illicit Crypto Mining

Hacker spins up 1 million virtual servers to illegally mine crypto

A 29-year-old man in Ukraine was arrested this week for using hacked accounts to create 1 million virtual servers used to mine $2 million in cryptocurrency. As announced today by...

8 months ago

IMF CHIEF GEORGIEVA DISTINGUISHES CRYPTOS AS INVESTMENT ASSETS, NOT CURRENCY

IMF managing director Kristalina Georgieva on crypto

Crypto's latest big moment is worthy of one big reminder too. The US dollar is still the US dollar, and crypto is, well, just an investment vehicle. Said reminder comes c...

8 months ago

The UN “completely neglects” developing economies using stablecoins like USDT because servicing them would be “unprofitable” for the agency, Tether argued.

Tether responds to UN report about ‘illicit activity’ of USDT

Major stablecoin firm Tether has responded to a United Nations (UN) report highlighting the alleged involvement of its Tether stablecoin in illicit activity. On Jan. 15...

8 months ago

HashKey’s $100M Fuels Crypto Renaissance; Unicorn Title Seals Success

Crypto’s HashKey Raises $100 Million, Claims Unicorn Status

HashKey Group, one of the two licensed cryptocurrency exchange operators in Hong Kong, recently announced a milestone. The company has successfully raised near...

8 months ago

Cryptocurrency exchange Bitget has launched a new initiative dubbed the “Blockchain4Her” group which aims to support female-led businesses.

Bitget Launches $10M Fund to Support Female Led Startups in Web3

It is no secret that the blockchain and Web3 sector has been historically male-dominated. Blockchain4Her will launch incubation programs tailored especially for female entrepreneurs. This will i...

8 months ago

The Financial Intelligence Unit issued a notice of noncompliance against 10 foreign crypto exchanges on Dec. 28, 2023.

Indian crypto exchanges lure in Binance, OKX investors after FIU ban

Indian crypto exchanges are promising hassle-free transfers for users who want to transfer their crypto assets from foreign crypto exchanges after the country’s Ministry of Finance Financi...

8 months ago

The successor to Saga will have new hardware and a cheaper price point, according to a person familiar with the plans.

Solana Mobile to Sell Second Crypto Smartphone: Source

Solana Mobile plans to launch a second smartphone as it looks to ride the unlikely success of its first crypto-ready smartphone, a person familiar with the matter said. The upcoming ph...

8 months ago

$40,000 Bitcoin Price is Necessary for CleanSpark and Other Crypto Miners Post-Halving

Leading Crypto Miners Riot, TeraWulf, CleanSpark Brace for 2024 Bitcoin Halving

Leading cryptocurrency miners are bracing themselves for the challenges ahead as the mining industry prepares for a major transformation with the 2024 Bitcoin (BTC) halving event. ...

8 months ago

The former biotech executive was the only Republican contender to have a crypto plan.

Vivek Ramaswamy, Crypto-Friendly U.S. Presidential Candidate, Suspends Campaign

Vivek Ramaswamy – who pledged to lay off most of the Securities and Exchange Commission (SEC) and direct a path for digital assets policy if elected President– suspended his campaign...

8 months ago

The Crypto Fear & Greed Index has fallen back to “neutral” for the first time since October 2023, despite the launch of spot Bitcoin ETFs in the United States only days ago.

Bitcoin greed index plummets to ‘neutral’ as ETFs fail to buoy prices

The Crypto Fear & Greed Index has just plunged back to “neutral” levels last seen in October 2023, just days after the historic approval of spot Bitcoin.exchange-traded...

8 months ago