In the evolving world of cybersecurity, cybercriminals continuously adapt their strategies to exploit both technology and human psychology. Recently, a coordinated phishing scheme employing counterfeit Zoom meeting links has emerged, targeting cryptocurrency holders. This alarming trend, as reported by the cybersecurity firm SlowMist, illustrates a sophisticated exploitation of trust that could lead to significant financial
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The cryptocurrency landscape is notoriously volatile, and recent weeks have been a testament to this unpredictability. Despite expectations for the traditional year-end rally—often dubbed the “Santa Claus rally”—the market has instead found itself mired in a slump. Over the past ten days, Bitcoin (BTC) has faced significant pressure, tumbling from its all-time high of over
In the past year, Binance has emerged as a vanguard against cybercrime within the cryptocurrency space, reportedly thwarting over $129 million in attempted thefts. This information was highlighted in the company’s end-of-year report for its Anti-Scam Refund Initiative. The cryptocurrency exchange has embraced innovative technologies such as artificial intelligence (AI) and machine learning (ML) to
The cryptocurrency exchange FTX, alongside its affiliates, revealed a significant development on December 16: the commencement of their reorganization plan slated for January 3, 2025. Following a tumultuous collapse in November 2022 that adversely affected a substantial number of investors and customers, this reorganization marks a critical juncture for FTX as it seeks to restore
December has emerged as a pivotal month for MakerDAO, showcasing an unprecedented leap in both fees and revenues, as reported by DeFiLlama, a recognized analytics platform in the decentralized finance (DeFi) sector. Data reveals that MakerDAO hit remarkable milestones, with fees soaring to $40.86 million and revenues reaching $26.77 million during the month, solidifying its
In the ever-evolving landscape of cryptocurrency, scams are becoming increasingly sophisticated. A recent study by the cybersecurity firm Kaspersky has illuminated a peculiar twist in crypto-related fraud — scammers are now targeting other criminals by luring them into a trap. Unlike traditional scams, where victims are often naive users, this scheme flips the narrative, transforming
The landscape of cryptocurrency has become increasingly perilous, with access control vulnerabilities taking center stage in the conversation about security in 2024. The latest report from Hacken has highlighted that these vulnerabilities have led to an astounding 75% of total losses incurred across various sectors, including decentralized finance (DeFi), centralized finance (CeFi), and the gaming/metaverse
The cryptocurrency arena is as dynamic as it is volatile, with emerging technologies dictating market trends and investor sentiment. As we approach the conclusion of 2024, AI-centric projects have redefined success within this digital economy, highlighting a notable shift in investment priorities. Meanwhile, the once-celebrated meme coin trend has seen a downturn, illustrating the potential
The Internal Revenue Service (IRS) has recently taken a significant step back from its proposed reporting requirements regarding the taxation of digital assets. This decision is particularly important for investors navigating the challenging and often opaque landscape of cryptocurrency taxation. As the crypto market continually evolves, the complexities surrounding tax obligations add an extra layer
The world of cryptocurrency is rife with speculation, and Bitcoin, as the flagship cryptocurrency, often attracts the most attention from analysts and investors alike. Recently, veteran analyst Peter Brandt has cast a shadow over Bitcoin’s near-term prospects with his bearish outlook, predicting that prices could plummet to around $78,000. This forecast comes after he identified