Cryptocurrency Theft Declines in Q1 2023, but Hacking Incidents Persist
The volume of cryptocurrencies stolen in the first quarter of 2023 fell 65% from the same period in 2022, according to analyst firm TRM Labs. However, the number of break-ins has hardly decreased. 2022 was the biggest year in terms of stolen cryptocurrencies - hackers man ...
Belarusian Citizens Prosecuted for Operating Illegal Cryptocurrency Exchange
Belarusian citizens who organized a cryptocurrency exchange are prosecuted. Law enforcers accused two Minsk residents of exchanging digital assets and fiat currency, which brought a profit of 5 million Belarusian rubles ($1.7 million). Belarusian Interior Ministry assure ...
Tornado Cash Cryptocurrency Mixer Faces Serious Attack, Tokens Withdrawn
Cryptocurrency mixer Tornado Cash suffered a serious attack - an unknown person gained full control over the protocol and has already started withdrawing TORN tokens. An analyst at investment firm Paradigm, using the Twitter pseudonym samczsun, reported that on May 20, so ...
High Inflation Triggers Protests in Lebanon, Pushing Citizens towards Alternative Livelihoods and Cryptocurrency Adoption
High inflation has led to protests in Lebanon and is forcing citizens to seek alternative livelihood tools. The state of the economy and the failure of state support programs are to blame. In a number of cities, the effects of the financial crisis have led to riots and lo ...
Block’s CEO Becomes Major Investor in Bitcoin Startup Azteco, Raises $6 Million
Block's CEO became the biggest investor during the investrun of bitcoin startup Azteco. In total, the company managed to raise $6 million. Azteco offers a simplified way to buy bitcoins for people who do not have bank accounts. ...
Top Altcoins Show Highest Gains: RNDR, PEPE, LDO, MASK, CFX | Crypto Market Analysis
The BeInCrypto editorial staff compiled the top list of altcoins that showed the highest gains during the week of May 12-19 The list of altcoins that were lucky this week, despite the overall bearish mood of the crypto market, includes: Re ...
BitBoy Crypto Fails to Keep Promise: Controversy Surrounding BEN Fan Tokens
According to ScopeProtocol reviewer, blogger BitBoy Crypto announced to his community his intention to block the BEN fan tokens he owned for six months, but failed to keep his promise. Ben Armstrong became the owner of about 1 trillion BEN fan tokens. Commenting on wha ...
Chinese Users Resort to Buying Biometric Data for Worldcoin Crypto Project
Chinese users, who are banned from registering with the Worldcoin crypto project, have resorted to buying biometric data from third parties from African countries in the hope of receiving bonuses after the project's launch. Sam Altman, who is also the CEO of OpenAI, is pr ...
Coin Cafe Faces $4.3 Million Compensation Demand for Alleged Hidden Fees
The New York Attorney General's Office is demanding that cryptocurrency platform Coin Cafe pay users $4.3 million in compensation for hidden fees that were charged for bitcoin storage. The New York attorney general's office alleges that Coin Cafe charged users exorbitant ...
Ethereum Price Analysis: Uncertainty Prevails as Bulls and Bears Vie for Control
The Ethereum (ETH) price has been falling since early April, when it temporarily deviated above an important long-term horizontal resistance While this may lead to further declines in ETH, both bullish and bearish wave analyses are still relevant. Thus, the direction of the long-term trend of ETH ...