Tag: Report

Report reveals reason why wallet users lose crypto

Loading fake wallet apps on search engines is why many people lose coins. According to Bitrace, Telegram often implements malicious backdoors that identify surrogate addresses and cause funds to be sent to malicious addresses. The reason is that the anonymous nature of the blockchain network makes it difficult for ordinary investors and investigators to establish a connection between an on-chain address and a real person. Thereby, they miss the opportunity to freeze losses promptly. “Investors and investigators need to consider how to perceive threats before risky activity occurs, and monitor…

3 unique ways hackers are stealing your crypto: Bitrace Report

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To track down and counter the sudden disappearance of tokens from crypto wallets requires investors to know the various ways bad actors use to steal cryptocurrencies successfully.  Blockchain investigator Bitrace has identified three effective ways hackers gain access to crypto investors’ wallets: through search engines, such as Google and Bing, pasteboard hijacking and liquidity mining and coin theft. Crypto investors claiming “my coins disappeared suddenly” have been found to have recently downloaded crypto applications from unverified sources. Attackers use search engine optimization (SEO) techniques to rank higher on internet searches, unknowingly…

Google to invest another $2B in AI firm Anthropic: Report

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Google has doubled down on its artificial intelligence bets by investing another $2 billion into AI startup Anthropic, according to a new report. Google has already invested $500 million upfront to Anthropic — a rival to ChatGPT creators OpenAI — and will pay off the remaining $1.5 billion over time, according to an Oct. 27 report by the Wall Street Journal (WSJ), which cited people familiar. The mega-deal adds to Google’s $550 million investment into Anthropic earlier in the year. Google Cloud also striked a multi-year deal with Anthropic a…

Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report

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Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research. According to reports from the New York courtroom on Oct. 26, Bankman-Fried denied knowing why crypto exchange FTX began moving user funds from a bank account with Alameda to a firm called North Dimension — a “shadowy entity” allegedly used for money laundering. SBF suggested that banks may have been more comfortable…

Sam Bankman-Fried thought ‘taking FTX deposits through Alameda was legal’: Report

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Former FTX CEO Sam “SBF” Bankman-Fried addressed a New York courtroom under oath without the 12-member jury present. According to reports from the courtroom on Oct. 26, SBF’s highly anticipated testimony kicked off in a hearing with defense attorney Mark Cohen questioning the former FTX CEO on his use of the messaging app Signal and retention of communications data at the crypto exchange. Bankman-Fried reportedly claimed he acted in accordance with company policies on records, and none of the media set to “auto-delete” were “channels for decisions.” “Why did you…

Crypto reshapes the American dream for younger generations: Report

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A new Coinbase report on the state of crypto has revealed the disillusionment of younger generations (Gen Z and Millennials) with the traditional American dream and the financial system. It shows young Americans are more open than older generations to unconventional paths to financial independence, such as crypto, than older generations. According to the report, young people find the American dream less achievable, partly due to high housing costs, inflation and an outdated financial system. Instead of following conventional paths, they are actively building new models of work, ownership and…

Crypto Exchange Associated With Binance Seeking License in Hong Kong: Report

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A digital asset exchange platform with ties to crypto titan Binance has reportedly announced its intention to apply for a license in one of Asia’s leading finance hubs. According to the South China Morning Post, HKVAEX was created as a separate entity under the company BX Services Limited, but Binance is behind it. HKVAEX was established in December and launched its trading platform in February. Citing sources familiar with the matter, the report says the world’s largest crypto exchange created HKVAEX to pursue a crypto license in Hong Kong. The…

85% of crypto rug pulls in Q3 didn’t report audits: Hacken

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Cryptocurrency rug pulls are not too difficult to spot by investors, as the majority of such scams usually share distinct and visible features, according to a new report. Blockchain security auditor Hacken released its latest security insights report on Oct. 25, aiming to spot the trends in Q3 crypto hacks and evaluate how affected projects approached security. The report paid specific attention to rug pulls, which are a type of exit scam occurring when a team pumps their project’s token before the sudden withdrawal of liquidity. According to Hacken, crypto…

Pro-crypto lawmaker Tom Emmer ends hours-long speaker campaign: Report

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Tom Emmer, the current majority whip and a crypto proponent, has reportedly dropped his bid to become the next speaker of the United States House of Representatives — a position second in line to the U.S. presidency. According to multiple reports from major news outlets on Oct. 24, Representative Emmer ended his campaign for speaker after he was unable to secure the 217 Republican votes necessary to win on the House floor, a vote that had been expected sometime in the next day or two. The Minnesota congressman had only…

China’s Digital Yuan (e-CNY) Used in First International Crude Oil Trade by CBDC: Report

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