Tag: Report

‘Cryptojacking’ rises 30% to record highs despite crypto slump: Report

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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…

Coinbase’s 20% Decline Leads Crypto Names Lower Following Report of SEC Probe

“While the digital asset industry was born and grew outside of any real scrutiny by the SEC, that appears to have changed,” Tyler Gellasch, executive director of the Healthy Markets Association, told CoinDesk. “It’s an existential threat to crypto exchanges and brokers, because many their current revenue streams are either likely dramatically reduced or outright prohibited in the securities world.” Source

Kraken Under Investigation for Alleged Sanctions Violations: Report

In February, after the Russian invasion of Ukraine, Powell pushed back against calls to freeze the accounts of Kraken’s Russian users, tweeting: “Our mission at [Kraken] is to bridge individual humans out of the legacy financial system and to bring them in to the world of crypto, where arbitrary lines on maps no longer matter, where they don’t have to worry about being caught in broad, indiscriminate wealth confiscation.” Source

Uncertainty around French laws prompted F1 racers to remove crypto branding: Report

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Spectators could not see Crypto.com’s logos during Formula One’s French Grand Prix, while staff from Alfa Romeo, AlphaTauri and Alpine reportedly removed crypto-related branding. Many Formula 1 international racing teams reportedly removed or covered branding and logos from crypto-related sponsors in response to uncertainty around France’s advertising regulations. According to a Tuesday report from RacingNews365, Crypto.com’s logos were not on display during the French Grand Prix on Sunday — the crypto exchange has been a global partner with the racing series starting in July 2021. The team behind the Alpine…

Bill addressing stablecoins risks in US likely delayed until September: Report

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Lawmakers in the United States House of Representatives have reportedly pushed back the timeline for considering a bill addressing the potential risks of stablecoins. According to a Monday report from the Wall Street Journal, people familiar with the matter said House members will likely delay voting on a stablecoin bill until September after being unable to complete a draft in time for a Wednesday committee meeting. The unresolved issues in the bill reportedly included provisions on custodial wallets from the Treasury Department and concerns from the Securities and Exchange Commission.…

Over a quarter of Asian Pacific ‘emerging giant’ startups tied to blockchain: Report

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The Asia Pacific region is seeing a major business shift with increasing numbers of new technology startups appearing, even as venture capital investment is decreasing compared to last year. A report from Big Four accountant KPMG and international banking company HSBC based on a survey of 6,472 Asian Pacific startups found that over a quarter of them are blockchain related.  Nonfungible tokens, or NFTs, led the way among sectors where Asian Pacific “emerging giants” were active, followed directly by decentralized finance, also known as DeFi. Electric vehicle charging infrastructure, quantum…

Crypto user who lost $163M in Bitcoin wants to deploy robot search party: Report

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James Howells, a British man who mistakenly discarded a hard drive containing roughly 7,500 Bitcoin in 2013 has reportedly started looking at having robots and humans work together to retrieve his crypto from a local landfill. According to a Sunday report from Business Insider, Howells has pitched an $11-million idea to locate and recover the lost hard drive, which may be surrounded by up to roughly 110,000 tons of garbage. The proposal, backed by a few venture capitalists, involved having people, robot dogs, and other machines pick up and sort…