Day: February 4, 2023

How to protect against crime in the metaverse

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By taking advantage of flaws in virtual systems and user behavior, such as malware infections, phishing scams and illegal access to personal and financial information, cybercriminals prey on the metaverse. Cybercriminals may target the metaverse in a variety of ways, including: Phishing scams: Thieves may employ phishing techniques to deceive victims into disclosing personal information or login credentials, which can then be used for identity or data theft or other unlawful acts. Hacking: To steal money or personal information, criminals may try to hack into user accounts or metaverse platforms.…

Bitcoin clings to $23.5K as trader says BTC ‘identical’ to 2020 breakout

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Bitcoin (BTC) circled $23,500 on Feb. 4 as bulls refused to give up support in out-of-hours trading. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price conjures 2020 memories Data from Cointelegraph Markets Pro and TradingView showed BTC/USD holding a narrow range in place since the Feb. 3 Wall Street open. Macroeconomic data releases from the United States provided modest volatility but no overall trend change as traders bided their time heading into the weekend. Opinions on the longer-term outlook were mixed, however, with some maintaining that there was little…

Tax strategies allow crypto investors to offset losses

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2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.  Detrimental losses such as these are often concerning for crypto investors, yet there may be a silver lining behind decreasing assets for investors reporting crypto on their taxes. Lisa Greene-Lewis, a certified public accountant at TurboTax, told Cointelegraph that while crypto investors made huge gains in 2021, this changed drastically in 2022. “We have seen a crypto winter occur, and TurboTax…

Top 10 most famous computer programmers of all time

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For computer programs and mobile applications, programmers must develop code. In order to keep things working properly, they are also involved in maintaining, debugging and troubleshooting software and systems. Here is a brief overview of the top 10 most famous computer programmers of all time. Alan Turing Alan Turing was a British mathematician and computer scientist who contributed significantly to the growth of artificial intelligence, cryptography and computer science. He helped decipher the Enigma code during World War II and introduced the idea of the Turing Machine, a theoretical representation…

ETH Remains Near $1,700 to Start the Weekend  – Market Updates Bitcoin News

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Ethereum continued to trade close to a key resistance level of $1,700 on Saturday, following Friday’s U.S. non-farm payrolls (NFP) report. Yesterday’s report showed that 517,000 jobs were added to the U.S. economy in January, better than the 185,000 many were expecting. Bitcoin mostly consolidated however, as traders moved to take recent profits. Bitcoin Bitcoin (BTC) moved lower to start the weekend, as traders continued to secure gains following a recent climb to a six-month high. Following a high of $23,678.10 on Friday, BTC/USD fell to an intraday low of…

Egyptian Fintech MNT-Halan Secures $400 Million in Funding, Valuation Rises to Over $1 Billion – Fintech Bitcoin News

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Egyptian fintech MNT-Halan announced on Feb. 1 that it had raised over $340 million via debt and equity and it expects to raise an additional $60 million from leading international investors. The latest funding round sees MNT-Halan’s valuation rise to over $1 billion which reportedly makes it the country’s “only private billion-dollar company.” ‘Egypt’s Greatest Fintech Success Story’ MNT-Halan, an Egyptian fintech serving the country’s unbanked population, announced on Feb. 1 that it had raised close to $ 340 million via debt and equity financing. The fintech also said it…

Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch

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On a recent visit to Sri Lanka, American billionaire Tim Draper pitched the idea of adopting Bitcoin (BTC) as a legal tender to fight against the corruption that contributed to hyperinflation in the island country. However, a key Sri Lankan authority — central bank Governor Nandalal Weerasinghe — believed doing so would worsen the country’s economic situation. Taking time from a TV shoot in Sri Lanka, Draper met President Ranil Wickremesinghe and Weerasinghe to recommend Bitcoin as a viable option for getting out of financial problems. Tim Draper in Sri…

Kazakhstan Launches Consultation on Proposals to Improve Crypto Trading – Regulation Bitcoin News

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Financial authorities in Kazakhstan are starting a public consultation on draft changes to the country’s framework for digital-asset trading. The proposals include measures to reduce risks in the crypto market and improvements to the structure of exchange platforms. Kazakhstan’s Financial Hub Seeks to Amend Its Concept for Trading Digital Assets The Astana Financial Services Authority, the body that oversees the Astana International Financial Center (AIFC), has published a consultation paper detailing proposals aimed at upgrading Kazakhstan’s regulated ecosystem for cryptocurrency operations. The document suggests measures to reduce market risks in…

Samsung Is Preparing Its Own Metaverse Hardware in Partnership With Google and Qualcomm – Metaverse Bitcoin News

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Samsung, the Korean electronics company, has revealed it is working to build its own metaverse and extended reality devices, hinting at the possibility of the launch of a VR headset in the near future. TM Roh, head of Samsung mobile experiences business, stated that the device will be built in partnership with Google and Qualcomm. Samsung to Enter the Metaverse Hardware Business Samsung, the Korean mobile company, revealed it will be joining the market of metaverse and VR (virtual reality) headsets soon. The company announced that it is already working…

YouTuber baits MMA fighter into secretly shilling fake NFTs for $1K

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Coffeezilla, a YouTuber and crypto investigator, revealed that American mixed martial artist Dillon Danis promoted a fake NFT project without disclosing that he received $1,000 for the advertisement. We just tricked Dillon Danis into promoting a fake NFT project. We paid him $1,000 to post, he didn’t disclose it was an #AD, and posted copy that literally spells out S.C.A.M. pic.twitter.com/SVo2SCoN9q — Coffeezilla (@coffeebreak_YT) February 3, 2023 In the promotion, Danis tweeted out a digital image along with a website URL, which according to Coffeezilla, “literally spells out S.C.A.M.” A…