Apr 02 2024
El Salvador initiated its Bitcoin purchases in September 2021, when Bitcoin was valued at $51,769. President Nayib Bukele’s Bitcoin strategy was questioned after its value dropped from $69,000 in November 2021 to $16,000 a year later. However, the investment returned to profitability when Bitcoin surpassed the average purchase price of $42,600 in February. El Salvador …
Mar 20 2024
Scam Sniffer reports $55 million worth of cryptocurrency was stolen in January. Scammers set up more than 11,000 phishing websites. Most of the thefts occurred on the Ethereum mainnet. These scams have impacted around 40,000 individuals, according to Scam Sniffser. The thefts occurred after a series of airdrops on the mainnet in the previous month. …
Mar 19 2024
PlayDapp, a South Korean game development platform, has lost over $290 million in crypto from an exploit lasting four days. The smart contract of PlayDapp’s native token, PLA, has been paused, and preparations are ongoing to conduct a snapshot for migration. An unauthorized wallet minted 200 million PLA tokens worth $36 million at the time. …
Mar 19 2024
CertiK is a security firm that specializes in comprehensive security for blockchains, smart contracts, and Web3. Scammers are targeting users by fraudulently latching on the company’s brand. One prevalent scam involves phishing sites falsely claiming to have undergone CertiK audits. These fraudulent certifications are used to deceive users into investing in schemes like Wixpool, a …
Mar 18 2024
The Financial Supervisory Service (FSS) of South Korea intends to meet with the United States Securities and Exchange Commission (SEC) to discuss the crypto industry and spot Bitcoin ETFs. FSS chief Lee Bok-hyun is expected to visit the U.S. later this year. He announced the visit on Monday while revealing his business plans for 2024. …
Mar 18 2024
Hungary’s freedom of the press has been under direct fire since Prime Minister Viktor Orban came into power in 2010. Attacks by Orban’s administration against independent media have prevented the public from accessing pertinent information, Human Rights Watch said. The organization has called on EU lawmakers to take action against the Hungarian government’s efforts to …
Mar 18 2024
The Democratic Party of South Korea is advocating for allowing local citizens to invest in spot Bitcoin ETFs and for financial institutions to launch such investment vehicles. The party is also offering tax exemptions for financial profits of up to two million Korean won (worth nearly $1,497) The People Power Party, which currently holds power …
Mar 17 2024
The Securities and Exchange Commission (SEC) has postponed its ruling on BlackRock’s request to introduce a spot Ethereum ETF until March. The decision was initially scheduled for January 25, but has been deferred to March 10, 2024. The delayed decision follows the recent approval by the SEC of nearly a dozen spot Bitcoin ETFs. BlackRock’s …
Mar 16 2024
Avalanche is a powerhouse in the cryptocurrency field, known for targeting and serving retailers, newcomers, institutions, and pretty much everyone interested in the industry. It doesn’t matter what category you fall in – from a seasoned veteran to someone who’s just venturing into the field of crypto for the very first time – you need …
Mar 15 2024
Reality Labs recorded its most successful quarter to date despite sustaining significant financial losses. The division clocked over $1 billion in revenue in the last quarter of 2023, primarily driven by sales of its Quest headsets and the Ray-Ban Meta smart glasses. Reality Labs’ total revenues for 2023 amounted to slightly below $1.9 billion, with …