Day: January 14, 2022

North Korean Hackers Stole $400M in 2021, Mostly in Ether

North Korean hackers stole almost $400 million worth of digital assets from crypto platforms last year, mostly in the form of ether, according to a Chainalysis report published on Thursday. For the first time, ether accounted for most – 58% – of the stolen funds, according to the report. It was followed by altcoins and ERC-20 tokens, with bitcoin at just 20% of the total, Chainalysis said. The increased variety of tokens has led the hackers to step up their efforts to launder their spoils, the report said. The typical…

PureFi x Kirobo Are Going to Make an Offer You Can’t Resist

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Investigate The Source of The Sender’s Funds and Retrieve Crypto Transfers Sent in Error The beauty of cryptography lies in endless opportunities, and that’s attractive to many. Seeing the recent shifts in capital flow, we can track the interest switching in favor of Decentralized Finance (DeFi). Although it is risky due to its high volatility, being such a young market like DeFi that’s also unregulated carries some other, more significant threats. The true danger lies in the lack of boundaries among the endless opportunities, which eventually traps DeFi in becoming…

Revolut Launches Banking Services in Spain Featuring Deposit Insurance – Fintech Bitcoin News

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Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000 customers in Spain, expects to grow its userbase with this new development. Revolut Customers in Spain Can Upgrade to Revolut Bank Revolut, one of the biggest fintech neobanks in Europe, has received a special banking license in Spain, and can now offer…

NEAR Protocol raises $150M to promote Web3 adoption

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Proof-of-stake blockchain NEAR Protocol has raised $150 million in seed investments to accelerate the adoption of Web3 technologies. The team announced that the fund would be used to develop regional hubs and raise awareness for blockchain and decentralized tech. NEAR Protocol aims to use the fresh funds to foster the adoption of Web3. According to the announcement, the funding will be used to “help billions of people learn and use blockchain.” With this, projects building on the NEAR blockchain will have the opportunity to connect with new audiences. The investment…

70% of US crypto holders started investing in 2021: Report

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The vast majority of cryptocurrency owners in the United States made its first-ever crypto investments just within last year, according to a new survey. About 70% of crypto hodlers in the U.S. started investing in cryptocurrencies like Bitcoin (BTC) in 2021, according to the Crypto Perception Report 2022 by Huobi Group, the operator of major crypto exchange Huobi. The company polled about 3,100 American adults in mid-December 2021 to assess respondents’ knowledge of crypto, what they think about the crypto market rise in 2021 and more. The survey found 68%…

Judiciary Advisor Calls for English Law to Keep Pace With Crypto: Report

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Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block’s mining system

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Bitcoin’s hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin  mining system. The BTC space continues to surprise and bewilder critics and fanatics alike. Kazakhstan, the network’s second-most important BTC mining country, experienced an internet blackout last week due to civil unrest. However, the hash rate faltered no more than 13.4% before regathering to reach all-time highs. As shown in the data below from Glassnode, with the price checking into the $42,000 range on Thursday,…

Bitcoin hash rate jumps to ATH as Jack Dorsey confirms Block’s mining system

Bitcoin (BTC) hash rate has returned to all-time highs despite losing a key hash rate contributor. Meanwhile, amid lackluster price action, Block CEO Jack Dorsey confirmed the creation of an open Bitcoin mining system. The BTC space continues to surprise and bewilder critics and fanatics alike. Kazakhstan, the network’s second most important BTC mining country, experienced an internet blackout last week due to civil unrest. However, the hash rate faltered no more than 13.4% before regathering to reach all-time highs. As shown in the below data from Glassnode, with the price checking…

Russia’s Tinkoff Bank Enters Crypto Space Through Swiss Company Acquisition – Finance Bitcoin News

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The Russian neobank Tinkoff is joining the world of cryptocurrencies with the purchase of a stake in Aximetria, a Swiss-registered and licensed company which provides clients around the world with services and solutions for digital financial assets. Tinkoff Bank Buys Stake in Aximetria TCS Group Holding, the owner of the Russian Tinkoff Bank, has reportedly acquired a controlling stake in the crypto company Aximetria. Official numbers are yet to be announced but according to The Bell, which broke the news quoting financial market sources, TCS Group may now control up…

Dogecoin Surge Sees Short Traders Lose $8M After Tesla Store Addition

In December, the Dogecoin Foundation, a nonprofit organization that oversees developments on the network, introduced a roadmap for the project’s revival and rebrand from a mere joke cryptocurrency to a more technical project. It was the first roadmap in Dogecoin’s eight-year history and explored eight new projects, including the launch of LibDogecoin and GigaWallet, as reported. Source