Category: cryptocurrencies

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Chainalysis acquires cybercrime investigative firm Excygent in fight against ransomware attacks

October 6, 2021

“Following the flow of ransomware payments on the blockchain is instrumental for law enforcement to understand and dismantle ransomware operations,” said Chainalysis CEO Michael Gronager. Blockchain analytics firm Chainalysis has purchased cybercrime investigative company Excygent for an undisclosed amount, hinting that the two will continue to work together to help “dismantle ransomware operations.” In a…
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3 reasons why Terra (LUNA) price hit a new all-time high

October 6, 2021

The successful launch of the long-awaited Columbus-5 upgrade is just one of the factors in LUNA’s ascension to a new record high. Protocol upgrades are one of the biggest drivers of momentum because they show developers’ dedication to fixing bugs, incorporating user requests and adding new features that make the protocol competitive and shore up…
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Ukrainian president returns virtual asset bill to parliament for revision

October 6, 2021

Volodymyr Zelensky did not object to the bill’s fundamental principles, but opposed the idea of creating a new watchdog agency. Volodymyr Zelensky, president of Ukraine, has delayed signing a bill that would establish the nation’s regulatory framework around digital assets. The draft law, entitled “On virtual assets,” secured parliamentary approval on Sept. 8. However, according…
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IMF Head Says Central Bank Digital Currencies Are Reliable, Hard to Think of Bitcoin as Money

October 6, 2021

Digital currencies backed by central banks are the most reliable form of digital money, according to IMF managing director Kristalina Georgieva. At the same time, to think of cryptocurrencies such as bitcoin as money is difficult, believes the chief executive of the international financial institution. IMF Chief Georgieva Marks Top Issues for Policymakers Exploring CBDCs…
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UAE crypto exchange BitOasis raises $30M to expand in MENA

October 6, 2021

“Our aim is to build the largest and most trusted cryptocurrency platform in the region,” BitOasis CEO Ola Doudin said. Dubai-based cryptocurrency trading platform BitOasis is expanding in the Middle East and North Africa (MENA) with another major funding round. BitOasis closed a $30-million Series B funding round led by Chicago-based venture capital firm Jump…
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Indian crypto exchange CoinSwitch Kuber raises $260M

October 6, 2021

Valued at $1.9 billion, CoinSwitch Kuber has become the largest crypto company in India, CEO Ashish Singhal said. Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round. According to an official announcement on Oct. 6, the new funding has propelled CoinSwitch Kuber to…
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US Senator Warren introduces bill to study crypto’s role in ransomware

October 6, 2021

The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat. As cryptocurrency adoption continues apace in the United States,  lawmakers want to better understand how it’s used — for both legal and illegal purposes. The Ransom Disclosure Act, introduced by Senator Elizabeth Warren…
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AMC Theatres debuts crypto payments for e-gift card purchases

October 6, 2021

The major American theater chain wants to let customers buy movie tickets with crypto by 2022. American cinema giant AMC Theatres is steadily approaching its goal of accepting cryptocurrency payments by year-end, now debuting crypto purchases for electronic gift cards. AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through…
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Bitcoin price pushes through $51K, extending bulls’ short-term target to $56K

October 6, 2021

BTC price broke out of its multi-month long range, securing a daily close above $50,000 and prompting traders to extend their short-term target to $56,000. The early morning momentum that pushed Bitcoin (BTC) above $50,000 on Oct. 5 continued throughout the day after bulls took control of the market and bid the price of BTC…
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Traders pile into altcoins after Bitcoin bulls take hold of $50K

October 5, 2021

LINA, SCRT and PRE each rallied by 20% and Bitcoin’s attempt to flip $50,000 to support could extend the current rally seen across the altcoin market. Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft-disputed level.  The strength of Bitcoin (BTC) has also helped to kickstart…
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