NFT Collector Accidentally Burns CryptoPunk Token Worth $135,000
Collector Brandon Riley experienced a devastating loss when he mistakenly burned his CryptoPunk #685 token, valued at a whopping $135,000, during an unfamiliar NFT packaging process. In a tweet expressing his regret, Riley admitted that he was so focused on following the instructions to the lette ...
Binance Employees and Volunteers Help Chinese Users Bypass KYC Procedures
According to reports by CNBC, some employees and volunteers at Binance, the largest crypto exchange, are providing advice to users from China on how to bypass the “know your customer” (KYC) procedure and remain anonymous. These individuals, known as "angels," shared methods such as forging bank d ...
Algorand (ALGO) Technical Analysis: Resistance Levels Will Determine Future Trend
Algorand (ALGO) is currently hovering around a crucial resistance zone that will dictate the long-term trend. This native token of the Algorand blockchain recently made headlines as Coinbase abruptly halted its staking service without prior warning due to claims by the US exchange regulator (SEC) ...
Manitoba Securities Commission Warns of Crypto Investment Scams
The Manitoba Securities Commission (MSC) in Canada has sounded an alarm over the proliferation of fake cryptocurrency investment sites. According to MSC Senior Researcher Jason Roy, the agency has received over 60 complaints from Manitoba residents who lost between $320 to $206,000 while investin ...
Former Coinone Employee Arrested for Accepting Bribes for Listing Crypto Assets
The Seoul Southern District Prosecutor's Office has apprehended a former staff member of the Coinone cryptocurrency exchange on allegations of receiving bribes in exchange for featuring specific digital assets on the platform. Recent reports from South Korean media suggest that the said ex-employ ...
Kaspersky Lab Survey Reveals Over One-Third of American Crypto Owners Scammed
According to a recent survey by Kaspersky Lab, more than one-third of Americans who own cryptocurrencies have fallen victim to scams. The survey, which was conducted between October 20 and 24, 2022, among 2,000 Americans, revealed that many cryptocurrency users fail to take adequate security meas ...
Visa Reports Record Hacker Attacks on Cryptocurrency Projects in 2022
According to data from Visa, one of the world's largest payment systems, the year 2022 witnessed an unprecedented surge in hacker attacks on cryptocurrency projects. The hackers seemed to target inter-network bridges the most, as they proved to be the most vulnerable and lucrative. In a recent ...
Lazarus Group Attacks Euler Finance’s Crypto Hackers in North Korea-Linked Cybersecurity Incident
The Lazarus Group, a notorious hacking group believed to be associated with North Korea, has targeted the hackers who recently stole almost $200 million worth of cryptocurrency from Euler Finance, a DeFi lending platform built on the Ethereum blockchain. According to Coindesk's sources, Lazarus h ...
USDC Stablecoin Redemption Amounts to $6 Billion, Circle Reports
According to data from the analytical platform CryptoCompare, users are actively redeeming USD Coin (USDC) to Circle, with a total of $6 billion worth of stablecoins exchanged for fiat. Although Circle, the issuer of USDC, claims to fulfill all withdrawal requests promptly, representatives from t ...
Will MATIC Fall Below $1? On-Chain Data Shows Lack of Interest in Polygon Network
In the midst of a downturn in the overall cryptocurrency market, the performance of Polygon has been less than stellar. However, on-chain data suggests that the MATIC rate may experience even more significant losses due to a lack of interest from retail investors. Polygon network is ...