[ad_1] Over 2,000 Australian-owned crypto wallets discovered by the Australian Federal Police (AFP) have been hacked by foreign fraudsters, the Financial Review reported. Part of a larger effort called Operation Spincaster, which seeks to fight cybercrime worldwide, this concerning find marks the latest accomplishment in the war against crypto crime. Both the AFP and the Joint Policing Cybercrime Coordination Centre (JPC3), which collaborates with law enforcement agencies from other governments to curb digital fraud and scams, have been the driving forces behind this operation respectively. Compromised Crypto Wallets Tied To Several Exchanges Based on the report, the compromised digital wallets…
Author: dfrancis36
[ad_1] Binance Coin (BNB) succumbs to bearish pressure alongside other altcoins in the market. According to the latest market data, the token is down nearly 10% since last week representing a big slash in value for investors in the long-term. The huge drop is due to the current underperforming market after the major cryptocurrencies slipped with Bitcoin and Ethereum by almost 10% respectively. Despite the recent regulatory turmoil between the Securities and Exchange Commission and Binance, BNB still shows some strength as it maintains its top four spot, topping SOL and XRP. Binance Coin Market Vs Macroeconomics The early half…
[ad_1] The cryptocurrency industry recently experienced a substantial reduction in its overall market capitalization as prices plummeted sharply over the weekend. This downturn was particularly notable as Bitcoin, the leading cryptocurrency by market value, fell below the $60,000 mark on Saturday, August 3. Ethereum, the second-largest cryptocurrency, also faced significant losses, dipping below $3,000 and reaching a low of $2,860. This caused other cryptocurrencies to follow suit, with most bleeding red immediately. Such volatility is not uncommon within the crypto space, where prices often fluctuate dramatically in response to various factors. These price swings are typically driven by market reactions…
[ad_1] Bitcoin can’t seem to leave the $60,000 price level as it continues to trade in uncertainty. On Saturday, August 3, the cryptocurrency experienced another sharp decline, briefly dipping below the $60,000 mark. Although this drop lasted only a few minutes, it was quite significant, especially given that Bitcoin had traded above $62,000 earlier the same day. This fluctuation has notably impacted market participants, leading to the liquidation of numerous long positions. Related Reading At the time of writing, over $197 million worth of leveraged positions have been liquidated in the past 24 hours. Notably, this figure soared to as…
[ad_1] At the recent Bitcoin conference in July, popular crypto-friendly senator Cynthia Lummis announced plans to introduce a bill that will allow the US government to adopt Bitcoin as a strategic reserve asset. Five days later since Lummis’ declaration, there have been notable encouraging developments with what could be the most significant legislation in terms of crypto use and adoption in the US. Lummis’ Bitcoin Reserve Bill Explained According to data from US Congress, Lummis, who is representing Wyoming, introduced a legislative bill on July 31 that will direct the US government to establish a “Strategic Bitcoin Reserve” program. Speaking…
[ad_1] Filecoin remains beaten up by the current market’s heavy volatility as it continues pointing downwards. According to the latest market data, FIL plummeted by 18% since last week, representing a significant slash in value. Investors remain shaken by the current market losses of the token. However, several developments might repair the lost trust in the token, but it remains to be seen what impact they might have on the future performance of FIL. Related Reading A Series Of Wins For Filecoin Despite having a bad start in August, the ecosystem still has aces up its sleeve that might turn…
[ad_1] The chief executive of USDC issuer Circle is revealing his “extraordinary” long-term outlook on the digital assets industry. In a new interview with investor Anthony Pompliano, Circle CEO Jeremy Allaire says that over the years, stablecoins will slowly encroach on the dominance of electronic money held by banks. Allaire compares stablecoins to online videos and banks to traditional cable broadcast, noting that it took decades for online videos to significantly intrude on the viewing hours of the latter. “You have currently a total addressable market of about $100 trillion of legal electronic money. Most of that is bank-intermediated electronic…
[ad_1] The price of Bitcoin has maintained a consistent decline over the past week following several economic and market developments. According to data from CoinMarketCap, the premier cryptocurrency currently hovers around the $60,000 price zone, having lost over 11.17% of its market value in the last seven days. As many crypto enthusiasts may hope Bitcoin finds some stability soon, CryptoQuant analyst abramchat has predicted a reverse scenario, indicating the crypto market leader may experience more losses in the coming days. Bitcoin Price Far From Recovery? In a Quicktake post on CryptoQuant, abramchat stated that amidst the recent market downturn, Bitcoin…
[ad_1] The Ethereum price performance has been a major source of concern for investors over the past few weeks, persisting in a downward trend. What makes the token’s struggles even more worrying is that it has not shown any signs of relief despite the recent launch of spot ETH ETFs (exchange-traded funds) in the United States. However, it appears that the underwhelming performance of the ETH ETFs — so far — might even be contributing to the Ethereum price troubles in recent weeks. Specifically, Grayscale has been seeing a significant flow of capital out of its Ether fund, the Grayscale…
[ad_1] Many people consider Bitcoin mining to be an attractive way to earn passive income, but traditional mining requires a lot of electricity and expensive equipment. In contrast, more and more people are choosing to use Bitcoin cloud mining. Bitcoin cloud mining provides a simplified method of cryptocurrency mining, allowing users to participate in the mining of virtual currencies without having to purchase equipment and build the infrastructure themselves, which is why Bitcoin cloud mining platforms are so popular.This guide will review the most well-known Bitcoin cloud mining sites currently available, as well as their features, pros and cons. We…