Crypto crime joins the gig economy. Avaddon, a new ransomware-as-a-service, or RaaS, protocol, is the latest to jump on the crypto extortion bandwagon. Similar to ransomware from groups like Maze and REvil, the Avaddon project offers revenue-sharing for users who successfully deploy the software on unsuspecting victims. According to research by the cyber intelligence firm, […]
Continue Reading
Veteran crypto traders Scott Melker and Michaël van de Poppe will be discussing Bitcoin’s different types of correlation with traditional assets and how to best profit from them. Bitcoin’s correlation with traditional assets has grown in the last few months, mainly due to the ongoing, unprecedented macro-economic situation. How strong are these correlations and how […]
Continue Reading
Getting all the facts right is hard, especially when you don’t have internet access. Ross Ulbricht, the founder of SilkRoad, has issued a short follow-up to his essay on MakerDAO (MKR) and how it could be redesigned and improved. The follow-up amounts to a small correction to an assumption he made earlier about the Maker […]
Continue Reading
Grayscale’s exponential growth demonstrates institutional demand for Bitcoin and other digital assets. Grayscale Investments, the largest digital asset management firm in the world, has been showing exponential increases in investment to its cryptocurrency products. The total sum of assets under management grew by $1 billion in less than two weeks in July, as a Twitter […]
Continue Reading
Justice Department announces the largest ever seizure of terrorist-bound crypto assets today in Washington, DC. Per an Aug. 13 announcement from the United States Department of Justice, the authorities have seized millions of dollars worth of cryptocurrency from over 300 accounts. The announcement does not specify the specific amount, but does identify the operation as […]
Continue Reading
Your next job might hire you using the Blockchain. Persol Group, one of the largest human resource companies in Japan, has partnered with major Japanese IT and electronics company, NEC Corporation, to build a new blockchain-powered recruiting platform. Persol Group is one of the largest staffing companies in the country, with 32,000 employees and a […]
Continue Reading
Is Ethereum’s architecture to blame for the growth of decentralized finance hacks, and will the network upgrade make the sector more secure? The decentralized finance sector continues to gain unprecedented popularity as the total value of assets locked in DeFi products doubled to over $4 billion in July and is now approaching the $5 billion […]
Continue Reading
Ethereum has been going skyhigh in more ways than one. According to blockchain data platform Blockchair, the average transaction fees paid by Ethereum users have reached a new record average of over $7.50. Average Ethereum transaction fee in USD chart. Source: Blockchair During a similarly congested period from June – July 2020, Ethereum co-founder Vitalik […]
Continue Reading
According to the Norwegian Hodlnaut, it seems that Wright is ignoring his legal obligations following a failed legal battle. Craig Wright, a self-proclaimed creator of Bitcoin (BTC), is reportedly ignoring a court ruling that requires him to pay legal fees for a libel suit against Twitter crypto persona Hodlonaut. According to Hodlonaut, a court in […]
Continue Reading
Ethereum’s oldest user-friendly wallet is staking territory in DeFi. MyEtherWallet is expanding its integrations with decentralized finance through its dedicated wallet communication tool, MEWconnect. On Thursday, the project announced an integration with Aave and Ren, which marks the first time that third parties are using the MEWconnect technology. MEWconnect is a wallet linking system developed […]
Continue Reading