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Day: July 27, 2022
‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report
Cryptojacking has become a lucrative choice for cybercriminals as many victims are unaware they have been compromised. New research shows that despite falling digital asset prices, cryptojacking has reached record levels in the first half of 2022. According to a mid-year update on cyber threats by American cybersecurity company SonicWall, global cryptojacking volumes rose by $66.7 million, or 30% in the first half of 2022 compared to the same period last year. Cryptojacking is a cybercrime whereby malicious actors commandeer a victim’s computer resources by infecting the machine with malware…
NAIC Market Update: What’s Driving the Cryptocurrency Market?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Cryptocurrency is a much-discussed emerging asset class that is currently valued at approximately $2 trillion. But even considering the recent pullback, is the market’s growth sustainable? In this NAIC Market Update video, Carlos Betancourt, Founding Principal of BKCoin Capital LP, lends his insight into the state of the cryptocurrency market. He also sheds light on some of the key factors contributing to Bitcoin’s growth, which despite its recent drop, is still up more than 300% over the last 12 months. Among crypto’s…
Titanium Blockchain Pleads Guilty In $21M Crypto Securities Fraud
Titanium Blockchain Infrastructure Services (TBIS) has pled guilty to a securities fraud of over $21 million crypto scam. The US Department of Justice had announced that Michael Alan Stollery, CEO and Founder of Titanium Blockchain has declared himself guilty of the $21 million initial coin offering (ICO) scam. Michael, who is from California had accepted that he falsified details around the BAR coin, which is a crowdfunding token that wasn’t registered with the US Securities and Exchange Commission. The court documents claim that Michael had endorsed TBIS as a cryptocurrency…
Japanese Bank SMBC to Foray Into NFT and Web3 Markets – News Bitcoin News
The Sumitomo Mitsui Banking Corporation (SMBC), the second largest of the three biggest banks in Japan, has announced it is planning to expand into digital asset businesses, including non-fungible tokens (NFTs) and Web3 platforms. The company will partner with Hashport, a group that offers tokenization and listing services in Japan, to launch a token business lab to experiment with these new technologies. Second Biggest Japanese Bank to Introduce Token and NFT Services Many traditional banking companies around the world are now considering entering the crypto and digital assets business. SMBC,…
Cryptocurrency News Everyone Should Pay Attention To
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Bitcoin Price Consolidates, Why Recovery Could Be Capped
Bitcoin extended losses below the $21,000 support against the US Dollar. BTC is consolidating and any upsides might face hurdles near $21,500. Bitcoin remained in a bearish zone and traded below the $21,000 level. The price is now trading below the $21,500 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $21,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might correct higher but upsides might be limited above $21,500. Bitcoin Price Remains In…
IMF global outlook suggests dark clouds ahead for crypto
Investors are warning of further volatility in the digital asset markets as the International Monetary Fund (IMF) forecasts a slowdown in global economic growth. The IMF’s July update on the World Economic Outlook titled “Gloomy and More Uncertain” points to “higher-than-expected inflation,” and a contraction of global output as indicators of incoming poor economic growth. The report states in succinct terms that there are likely economic slowdowns ahead. “The risks to the outlook are overwhelmingly tilted to the downside.” Macro factors have been linked to the crypto bear market, prompting…
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Billionaire Mark Cuban Expects SEC to Impose ‘Nightmare’ Crypto Registration Rules – Regulation Bitcoin News
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, has warned that the U.S. Securities and Exchange Commission (SEC) will come up with rules for token registration that will be “the nightmare that’s waiting for the crypto industry.” Mark Cuban Foresees SEC Coming Up With ‘Nightmare’ Crypto Regulation Billionaire Mark Cuban, the Shark Tank star who owns the NBA team Dallas Mavericks, warned in a tweet Saturday about how the SEC will regulate crypto tokens. His warning was in response to a tweet by U.S.…