An investigation provided in-depth info regarding how sextortion scams remain profitable for cybercriminals. A study carried out by SophosLabs in conjunction with cryptocurrency intelligence company, CipherTrace, revealed that sextortion scams are a profitable business. Between September 1, 2019, and January 31, 2020, nearly $500,000 in profits we gained by cybercriminals engaging in sextortion. According to […]
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After a deep dive into Facebook’s Libra project, Binance Research found the proposed concept could change the face of the payment sector. Binance Research dove into Libra’s most recent whitepaper, surfacing with a lenghty report, in part claiming Facebook’s proposed asset could significantly alter the payments world. “Libra’s envisioned global payment system could do to […]
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With no formal announcement, former CME exec Miguel Vias has quietly left his role as Head of XRP Markets for Ripple Labs. Ripple looks to have lost its second executive of 2020 after Head of XRP Markets, Miguel Vias, updated his LinkedIn status to signal the end of his tenure with the company. Vias joined […]
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Blockchain startup incubator claims to launch the first crypto decentralized exchange plugin for WordPress. Blockchain startup incubator, Draper Goren Holm, launched what it claims to be the first crypto decentralized exchange, or DEX, plugin for leading website backend software, WordPress. According to an April 22 announcement, the plugin is “the easiest way for anyone, not […]
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Companies involved in the blockchain pilot platform praise new systems and claim success with first trades. Recently, a blockchain-backed cross border platform pilot was implemented in the Chinese city of Qingdao. The companies involved have now made their first trades with partners in North America and Southern Asia. As reported on April 22 by local […]
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Details of the dForce hack led to many in the DeFi community to question the security practices of the firm, which many believe cloned Compound’s code. The hacker who stole $25 million in crypto on April 19 from decentralized finance, or DeFi, protocol, dForce, has since returned the money. Most signs indicate that this was […]
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MakerDAO founder, Rune Christensen, explained how Maker Foundation will prevent future protocol failures and predicted the merger of DeFi and centralized finance. MakerDAO founder, Rune Christensen, explained the measures taken by the Maker Foundation to prevent future failures in Maker’s protocol and predicted the future merger of DeFi and centralized finance. How to prevent future […]
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Blockchain technology is becoming more and more common in the traditional finance market with stablecoins and CBDCs — could these bring stability for the crypto industry? Stablecoins have become widely popular in the digital currency industry because they don’t have the volatility associated with other cryptos like Bitcoin (BTC) for instance. Despite their popularity, the […]
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The bounce in most major cryptocurrencies shows demand at lower levels and also increases the possibility of an up move in the next few days. The recent carnage in US crude oil futures and the selling in Brent affected the equity markets but did not cause any noticeable fall in the crypto markets. This is […]
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Adam Charles, communications manager for DeFi solution, Kava, detailed his reported efforts to get banned crypto YouTubers back online. YouTube has banned a number of crypto channels recently, often restoring them shortly after. Adam Charles, senior communications manager for DeFi solution, Kava, said he has been working to help these channels get back online. Charles […]
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