An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors. South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme. According to TV Chosun, police are looking into reports that over 160 individuals are believed to have operated the alleged scam,…
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Thousands have their personal data leaked by a crypto-based phishing scam. Fraudulent websites successfully have stolen the personal records of a number of individuals from the U.K., Australia, South Africa, the U.S., Singapore, Malaysia, Spain, and more. The attack was executed as a targeted multi-stage Bitcoin (BTC) scam propagated by a number of fraudulent websites.…
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The announcement from LCX and LunarCRUSH states the partnership will provide data for better crypto trading and investment decisions. The Liechtenstein Cryptoassets Exchange (LCX) and social analytics platform LunarCRUSH will be working together to provide crypto market insights on security tokens. According to a June 29 press release available to Cointelegraph, the two firms have…
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Proofpoint research shows that phishing-based ransomware attacks are on the rise amid the COVID-19 pandemic. A study published by cybersecurity firm, Proofpoint, shows an increase in email-based phishing attacks used to deliver ransomware over the last few months. According to the report, first-stage deployments of ransomware are reportedly on the rise and have mostly been…
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The Lightning Network is susceptible to attacks that could drain Bitcoin wallets by flooding the blockchain. A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system. According to the “Flood & Loot: A Systemic Attack On The Lightning Network”…
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Speed, reliability and availability are the cornerstones of modern finance, and DeFi has the potential to enhance and even supplant traditional finance. When blockchain technology began to expand beyond Bitcoin (BTC) and into more general-purpose applications, many within the industry saw an opportunity to remake key financial infrastructure using this technology. They soon came to…
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Researchers behind the June 2020 report from the Crypto Research Report used Bitcoin’s target addressable market to predict a rise to $397K. A new report from a crypto research group suggests that the price of Bitcoin could approach $400,000 in the next ten years, with altcoins following its bullish example. According to the June 2020…
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You might be able to buy crypto on PayPal soon, but it’s unlikely that you’ll be getting anything from Wirecard. Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a…
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The lack of progressive jurisdictions in which a particularly attractive regime for regulating derivatives exists keeps crypto in a gray area, and it has to be changed. Like every maturing industry, the cryptocurrency market is experiencing extensive developments on many fronts. The potential continues growing every year — from the emergence of initial coin offerings,…
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John McAfee-backed privacy coin Ghost Coin partners with ivendPay as a payment option for Hong Kong vending machines. Ghost Coin, the proof-of-stake privacy coin led by John McAfee, can now be used in vending machines in Hong Kong Disneyland. Ghost announced on Twitter that it partnered with crypto payment system ivendPay to deploy the coin…
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