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The Akira ransomware organisation has been targeting corporations and key infrastructure institutions in North America, Europe, and Australia since March 2023, according to information uncovered by the U.S. FBI. Leading international cybersecurity agencies were informed that Akira, a ransomware group that has been active for a year, had compromised over 250 organisations and taken away
Verifying transactions and adding them to a blockchain ledger are the tasks of cryptocurrency mining, which calls for the solution of challenging mathematical puzzles. Central processing units, or CPUs, were primarily used for mining in the early days of cryptocurrencies. But because GPUs (graphics processing units) have better processing power, they have grown in popularity
The company behind the biggest stablecoin in the world, Tether, has announced that it is restructuring as it moves into new digital asset categories. The USDT issuer said in a release on Thursday that it has divided into four sections to reflect its expanding focus. The four divisions—Data, Finance, Power, and Edu(cation)—will manage strategic investments
The blockchain interoperability project Union Labs intends to interface with AggLayer, a decentralised service launched by developer Polygon Labs earlier this year that permits liquidity pooling across linked networks. The purchase is noteworthy because it has the potential to strengthen the connections between Polygon, one of the largest Ethereum scaling networks, and the Cosmos blockchain
A consultation on digital currency was launched on Wednesday by the Reserve Bank of New Zealand. In response to the consultation document, the public was requested to comment on the design of digital currency, whether interest should be paid, and whether holding limitations should be in place. A $2000 holding cap, comparable to the benchmark
According to Austin Federa, head of strategy at the Solana Foundation, the Solana project’s objective of creating the fastest open, permissionless, and decentralized network in the world is still a ways off. “From a user experience perspective, the network is nowhere near where we sort of hope and expect it to be,” Federa told Cointelegraph during an interview on the sidelines of Paris Blockchain Week. Federa claims that Solana’s popularity, which has resulted in an unforeseenly large volume of traffic on the network, is what has caused the congestions that have beset the service.He stated, “The charitable view of this is a failure of success, this huge demand for the Solana block space,” noting that Solana is processing more transactions per second than the total layer-1 and layer-2 transactions on Ethereum. However, he acknowledged that Solana developers ought to have been able to foresee the spikes in demand that would have an impact on the network and made the required changes ahead of schedule. “The estimation between what the demand for Solana would be versus when this thing needed to be upgraded and
Some industry insiders saw the licensing of spot Bitcoin exchange-traded funds (ETFs) in Hong Kong earlier this week—much anticipated—as a major industry milestone.Nonetheless, they caution that stronger market factors, such ongoing inflation and geopolitical risk, may obscure the positive development. “We are delighted to witness the historic moment of the launch of Asia’s first Bitcoin spot ETF and the world’s first Ethereum spot ETF,” said Livio Wang, chief operating officer of Hong Kong-based HashKey Group, in a statement. “This will serve as a significant milestone for traditional financial institutions in Hong Kong to enter
The business that created the decentralised finance (DeFi) protocol called Usual Labs said in a statement on Wednesday that it has funded $7 million and obtained a commitment of $75 million in total value locked (TVL) for the launch of its stablecoin, USD0. More than a hundred companies contributed to the French company’s fundraising efforts,
The market will reward Riot Platforms (RIOT) and CleanSpark (CLSK) for their superior execution and for leading the market in self-mining hashrate; broker Bernstein stated as much in a research report on Wednesday. Investors should purchase these companies as the “miner fear factor” is at its peak ahead of the impending halving. Although the halving
The government should invest in developing skills to meet the need for jobs in the blockchain, artificial intelligence (AI), and cryptocurrency sectors, according to a unanimous call from members of the U.K. Parliament. The government should make sure that digital skills are taught from the very beginning of education and even in the workplace, according
Based on Avalanche, Homium is a home equity line of credit (HELOC) tokenization technology that has raised $10 million in a Series A funding round led by Blizzard and Sorenson Impact Group. “Through shared appreciation home equity loans, Homium introduces a way for homeowners to borrow against their home equity without increasing their monthly debt burden,” wrote Avalanche in an April 15 announcement. Homeowners that use Homium pledge a percentage of the future appreciation of their property as security for loans used for debt consolidation, upkeep and repairs, or inheritance.Simultaneously, investors obtain a tokenized asset that tracks the protocol’s pool of shared dwellings’ price appreciation. “Homium is building a valuable new asset class for institutional investors, providing a new source of uncorrelated, inflation-protected return in their core
Bitcoin exchange Binance is situated in the United States.A former Federal Reserve Bank of New York top compliance and ethics officer has joined US’s board of directors, the company stated.Former NY Fed chief Martin Grant will join Binance.US’s board as one of the newest members, the cryptocurrency exchange announced in a blog post on April 16th. Grant brings “regulatory, legal, and compliance” expertise to the role.Grant began working at the NY Fed in 1990 and held the position of chief compliance and ethical officer from 2005 to 2022. Grant’s addition would enable Binance.US Interim CEO Norman Reed to “continue to navigate the current regulatory environment” in the United States.The former head of the New York Fed is currently the Global Head of Regulatory Affairs and Integrity at the financial services company JST Digital. He further stated that the U.S. cryptocurrency market was “at an inflection point.” The switch to Binance.About two weeks had passed since the independent global exchange Binance declared it would be establishing a board of directors for the first time. For that reason, the US announced its board of directors.The ambassador of Barbados to the United Arab Emirates, where the exchange has some staff and connections to regulatory bodies, Gabriel Abed, serves as the chair of the seven-member board. In November 2023, Changpeng Zhao, the former CEO of Binance, resigned from his position as head of the Binance.US board as part of a settlement with US authorities that excluded the US exchange.Zhao resigned from his position as CEO of Binance and entered a guilty plea to a single felony charge. On April 30, he is expected to receive his sentencing.Binance one, Binance.For allegedly marketing unregistered securities, the U.S. Securities and Exchange Commission initially launched a civil case against US and Zhao in June 2023.The regulatory body is pursuing many enforcement measures against cryptocurrency companies operating within the nation, such as Ripple and Coinbase. This particular case is one of them.
In the first quarter of 2024, the South Korean won overtook cryptocurrencies as the most traded fiat currency globally.According to a study report released by Kaiko on April 15, the won accounted for approximately $456 billion in trading volume on centralized crypto exchanges, surpassing the $455 billion in U.S. dollar volume. The research firm attributes the rising dominance of the won to the “fee war” between Korean crypto exchanges. The report noted: environment and fierce competition among Korean exchanges has boosted trade volume on Korean markets which hit its highest level in more than two years in early March. In Q1 2024, the South Korean
The fourth-largest cryptocurrency exchange, OKX, announced that the public mainnet of its new layer-2 blockchain, dubbed X Layer, has gone online. This is an extension of the trend where big cryptocurrency organisations have started their own distributed networks. X Layer, formerly known as X1, leverages Polygon’s Chain Development Kit (CDK), an adaptable framework that enables
Broker Canaccord Genuity noted in a recent research report that although there has been a lot of talk about the amount of assets under management (AUM) that bitcoin (BTC) exchange-traded funds (ETFs) are attracting, it is now clear that these ETFs are creating extra demand for the underlying cryptocurrency. Leaders from 29 cryptocurrency-related organisations attended
According to the business on Tuesday, Puffer, a liquid stealth protocol, has raised $18 million in a Series A fundraising round. Brevan Howard Digital and Electric Capital led the financing, and the business noted in a press statement that Coinbase Ventures, Kraken Ventures, Lemniscap, Franklin Templeton, Fidelity, Mechanism, Lightspeed Faction, Consensys, Animoca, and GSR were
A groundbreaking invention that has quickly changed several sectors is blockchain technology. It is a fundamental shift in the way that data is stored, secured, and shared rather than just a catchphrase. This technical revolution revolves around the ability to comprehend and analyse blockchain data properly. A balanced approach is required to understand blockchain data.
In an attempt to curb energy-intensive cryptocurrency mining in the nation, the Norwegian government is proposing a regulation for data centers, according to a local news source VG that referenced two MPs.According to the report, the law will regulate the data center industry for the first time, forcing center operators to register with local regulators. This is according to Ministers of Digitalization Karianne Tung and Energy Terje Aasland. “The purpose is to regulate the industry in such a way that we can close the door on the projects we do not want,” Tung reportedly said. Both lawmakers agree they don’t want cryptocurrency mining in the country, according to the publication. “It is associated with large greenhouse-gas emissions and is an example of
The Financial Sector Conduct Authority (FSCA) has issued new crypto asset service provider (CASP) licenses to South African cryptocurrency exchange VALR in accordance with new regulations for businesses in the sector.VALR obtained Category I and II CASP licenses from the FSCA after obtaining $55 million in equity capital from Coinbase Ventures, Pantera Capital, and other sources.VALR is now among the first bitcoin businesses in the nation to hold both licenses.Farzam Ehsani, the CEO and co-founder of VALR, told Cointelegraph that the exchange has reached a major milestone with the FSCA’s granting of a CASP license. In order to create and execute a regulatory framework that protects investors while promoting the expansion of the blockchain and cryptocurrency industries, the business has been actively collaborating with South African regulators. “Our license underscores our unwavering dedication to compliance, security, and providing a trustworthy platform for the crypto community. We welcome this regulatory milestone for South Africa and applaud the regulators for taking this important step for the nation,” Ehsani said. In order to comply with South African rules, crypto asset service providers have six months from the date the FSCA opened licensing applications in June 2023 to submit an application.Businesses were need to apply by November 2023 and would be subject to the Financial Advisory and Intermediary Services Act of the nation. Ehsani went on to describe the distinctions between the two types of licenses.In South Africa, a CASP needs a conventional financial service provider (FSP) license known as a CAT I license in order to offer advise or exchange services to its clients. “A CAT II license, or discretionary mandate license, enables customers to
The financial regulator in South Africa has granted VALR, a cryptocurrency exchange, a licence. The announcement was made by the company on Monday. The Pantera-backed VALR, which had a valuation of $240 million in March 2022, is one of the first cryptocurrency companies to receive approval from the Financial Sector Conduct Authority (FSCA) of South
TheLandesbank Baden-Württemberg (LBBW), the biggest state-backed lender in Germany, confirmed on Monday that it will begin providing cryptocurrency custody services via a collaboration with Bitpanda, an Austrian exchange. The two companies have partnered strategically, whereby LBBW will receive infrastructure for “storing and procuring cryptocurrencies,” such as ether (ETH) and bitcoin (BTC), as well as “investment-as-a-service”
Economic Secretary Bim Afolami stated at the Innovate Finance Global Summit on Monday that the United Kingdom government plans to propose laws by June or July for stablecoins as well as for cryptocurrency staking, exchange, and custody. “We are now working at pace to deliver the legislation to put our final proposals for our regime
Investors are pulling out of collaborations and transactions in Nigeria as a result of the steps taken against Binance executives, especially in the web3 industry. According to Lucky Uwakwe, the chairman of Nigeria’s Blockchain Industry Coordinating Committee (BICCoN), they bring up the government’s perceived animosity against business in Nigeria and the perceived lack of protection
New schemes are being launched on Blast by a group that has a history of blockchain fraud on sites including Magnate, Kokomo, and Lendora. Recently, they have transferred about $1 million in money that has been laundered to support their fraudulent operations. The money was originally transferred from an Ethereum address connected to earlier scams
The entire market capitalization of cryptocurrencies has decreased by 8.7% to $2.17 trillion over the last day, indicating that the market is currently down. The biggest cryptocurrency by market capitalization, Bitcoin, is spearheading the downturn after dropping 7.5% over the previous day to hover around $62,160 on April 14. In the same time frame, Ether,
Arjarwalla is currently being brought to Nigeria by the Nigerian government in cooperation with Interpol and the Kenyan Police so that he may answer to the accusations made against him. Following his release from detention, Nadeem Arjarwalla, the CEO of Binance, fled to Kenya, and the Nigerian government has now tracked him down and is
Following Iran’s attack on Israel, the value of Bitcoin and other cryptocurrencies fell precipitously. On April 13, the price of bitcoin fell by more than 8.4% as a result of Iran attacking Israel and intensifying geopolitical tensions in the Middle East. Within minutes of the attack, the market capitalization of cryptocurrencies was completely destroyed, with
Solana’s price falls to levels not seen in more over 30 days, resulting in a 21% decrease in open interest in the past 25hours. In the last day, Solana’s price and open interest (OI) have decreased, reflecting a general downturn in the cryptocurrency market. Still, traders are upbeat, seeing it as a “good opportunity.” According
The market has entered a euphoric phase, with rising profit-taking.After momentarily breaching the $71,000 mark, Bitcoin (BTC) fell sharply, reaching a low of $65,110 on Friday.After falling more than 5% in the previous day, Bitcoin has recovered to $67,553 at the time of publication. Although the recent drop in Bitcoin’s price from $71,000 to $65,000 startled the cryptocurrency community, on-chain data suggests that this decline was not wholly unanticipated.On April 11, the cryptocurrency analysis firm Kaiko tweeted that there was an increase in anticipated short-term volatility.This is a result of the implied volatility for expiries in the next two weeks suddenly rising in just two days, from 59% to 71%. Apart from that, there had been two important indications that had flashed warning signs, indicating the upcoming correction before it really happened.The on-chain analytics company CryptoQuant claims that although these signs have been pointing to weakening since late March, they may have been ignored due to market euphoria. Since late March, the two most important metrics—traders’ unrealized profit margins and the realized price—have shown decline.Because of this, CryptoQuant strongly advises the cryptocurrency community to monitor these measures in the event that the current market correction lasts.With Bitcoin falling below $66,000 for the first time since April 4, liquidations have now totaled an incredible $920 million.Santiment claims that the S&P 500 and gold prices have also declined in tandem with cryptocurrency prices, indicating that worries about inflation and CPI are emerging in a number of industries. The latest Glassnode analysis indicates that the market has entered a euphoric phase and that profit-taking has increased in tandem.One could argue that the current euphoria period (market in price discovery) is still relatively early in comparison to the ATH breaks of previous cycles.Many price decreases of more than -10% have occurred during previous euphoria periods; the majority of these drops were noticeably deeper, with a 25% average.With the current price, Bitcoin has dropped 8.32% from its peak, which was $73,750 in mid-March.
Following a $4.5 million Bitcoin investment to support the club’s goals, Cameron and Tyler Winklevoss have become co-owners of Real Bedford Football Club (RBFC), owned by Bitcoin podcaster Peter McCormack.As per a recent announcement, the Winklevoss twins used their investment vehicle, Winklevoss Capital, to carry out the acquisition and investment.The club will utilize the funds to create a Bitcoin treasury, and McCormack told Cointelegraph that the goal of the treasury is to protect the club “against long-term fiat debasement.” “The investment helps with the infrastructure. We need to grow this with our ambitions,” McCormack explained. Additionally, the funds will be allocated toward developing a new training center and ongoing support for girls’ and youth football. McCormack bought RBFC in 2021. Bedford, where he was born and raised in the United Kingdom, has a population of just less than 200,000.His goal is for RBFC, which takes Bitcoin for game day tickets, merchandising, sponsorships, and drinks, to play in the English Premier League with renowned British teams like Chelsea and Manchester United. “We are a long way from the Premier League. As exciting as that is our ambition, I
