The Indian government is gearing up to implement comprehensive regulations for the cryptocurrency sector, as reported by local media on August 22. This move signifies a significant step towards establishing a regulatory framework for digital currencies in the country. The upcoming plan involves releasing a consultation paper in the coming weeks to gather feedback from
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Recently, a new malicious browser extension known as the “Bull Checker” has been causing havoc among Solana users on Reddit. This extension, disguised as a meme coin tracker, has managed to evade detection systems and drain the wallets of unsuspecting users. The implications of such malicious extensions are far-reaching and highlight the need for users
German authorities recently carried out a coordinated nationwide operation aimed at curbing unlicensed activities within the country’s rapidly expanding crypto market. The operation, spearheaded by the Federal Financial Supervisory Authority (BaFin), resulted in the confiscation of $28 million in cash and 13 crypto ATMs. This action underscores Germany’s commitment to mitigating the risks associated with
In a recent announcement, Binance, the leading cryptocurrency exchange in terms of trading volume, revealed that it successfully prevented over $2.4 billion in potential user losses from scams and frauds in the first seven months of 2024. The exchange reported that a significant portion of these averted losses, approximately $1.1 billion, were related to withdrawals
Recently, blockchain investigator ZachXBT revealed shocking information about North Korean developers who managed to steal $1.3 million from a project’s treasury. This brazen act of theft involved the use of fake identities to inject malicious code into the system, enabling the unauthorized transfer of funds. The stolen funds were cleverly laundered through various channels, including
After falling victim to a $235 million hack, Indian crypto exchange WazirX has taken decisive action to bolster the security of its remaining assets. The exchange has terminated its asset custody agreement with Liminal and has begun transferring assets to new multi-signature (multi-sig) wallets. This move is seen as essential in safeguarding the assets in
Confiction Labs, the developer of the popular shooter game Riftstorm, recently unveiled a new system called Proof of Exposure. This system is geared towards combating Web3 gaming bots by integrating NFT allowlist verification, a move aimed at addressing the growing issue of automated bot accounts disrupting the gaming experience for both developers and genuine players.
Gala Games has recently introduced a new feature that allows users to log in to their platforms using their Telegram accounts. This Single Sign On (SSO) option aims to simplify the process of accessing Gala platforms, such as Gala Games, Gala Music, and Gala Film, by eliminating the need for usernames and passwords. By enabling
The recent regulatory action taken by the US Federal Reserve against Customers Bank has raised concerns within the crypto community. The Fed found that the bank violated various financial regulations, including the Bank Secrecy Act, Anti-Money Laundering laws, and Office of Foreign Assets Control (OFAC) regulations due to its involvement with digital assets. As a
Thailand’s Securities and Exchange Commission (SEC Thailand) has recently introduced a Digital Asset Regulatory Sandbox to foster innovation within the digital asset sector. This initiative is aimed at supporting the testing and development of services related to digital assets in a structured and regulated environment. By providing a platform for businesses to explore new and