Understanding Ragpulls: Fraudulent Schemes in the Crypto Market
Any value market has its own fraudulent schemes. Precious stones, for example, are synthesized and paper bills are counterfeited. There are similar schemes in the crypto market. One of them is ragpolls. What is a ragpull Talking ...
Inferno Drainer Scam: Thousands of Crypto Assets Stolen, Scam Sniffer Reports
Analytics company Scam Sniffer reports that malware vendor Inferno Drainer is allegedly linked to thousands of millions of dollars worth of crypto-assets theft. Scam Sniffer experts conducted an in-depth analysis of blockchain records outside and inside the networks of E ...
Shiba Inu (SHIB) Price Analysis: Rebound Potential from Long-Term Support
The price of Shiba Inu (SHIB) has finally reached the support line of the long-term pattern. The price is in the process of launching a rebound, but its credibility has yet to be confirmed. If SHIB makes a bearish breakout from the triangle, the support structure that has existed for a year will ...
Ripple’s Recovery Attempt: Implications for XRP’s Future Dynamics
Ripple tries to recover above the midline of the long-term pattern. Success or failure could have serious implications for the future dynamics of XRP. While short-term indicators suggest that XRP will continue to rise, the longer-term outlook remains unclear and leans toward a bearish outlook. ...
Tornado Cash Project Hacked: Attackers Offer to Return Control to the Community
The attackers who recently hacked the Tornado Cash project offered to return control of the project to the cryptocurrency community. The information was made public by user Tornadosaurus-Hex on the Tornado Cash community forum. ...
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Tornado Cash Cryptocurrency Mixer Faces Serious Attack, Tokens Withdrawn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. ...