Kevin Rose Says NFT Wallet With Dozens of High-Value Collectibles Hacked
The PROOF CEO said 25 Squiggles, along with "a few other NFTs," including an Autoglyph, were stolen from his wallet. Source
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Web3 Builders Lose Dozens of High-Value NFTs in Back-to-Back Attacks
It appears that two wallets drained Gopalani’s collection, making off with 19 CloneX NFTs, 18 RTKFT Space Pods, 17 Loot Pods, 11 CryptoKicks and 19 RTFKT Animus Eggs. Not all of the NFTs have been sold, and it is difficult to estimate the exact value of each NFT, though the
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EU Bans High-Value Crypto Services to Russia in New Round of Sanctions – Bitcoin News
European institutions are closing crypto loopholes for Russia with the latest package of penalties imposed by the EU over Moscow’s aggression against Ukraine. The new sanctions prohibit the provision of “high-value” crypto-asset services to Russian entities and residents. EU Limits Russian Crypto Wallet Deposits to €10,000 Expanding its sanctions in response to
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EU bans providing ‘high-value crypto-asset services’ to Russia
The Council of the European Union has cut Russians off from certain cryptocurrency services as part of a package of restrictive measures against Russian President Vladimir Putin’s “brutal aggression against Ukraine and its people.”In a Friday announcement, the EU council said it would be closing potential loopholes in using digital
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EU Bans Providing High-Value Crypto Services to Russia
The move follows warnings that crypto is being used to circumvent sanctions imposed in response to the invasion of Ukraine. Source
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US Treasury targets NFTs for potential high-value art money laundering
The U.S. Department of the Treasury released a study on the high-value art market, highlighting the potential in the nonfungible tokens (NFT) space to conduct illicit money laundering or terror financing operations.The treasury’s “Study of the facilitation of money laundering and terror finance through the trade in works of art”
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o Access to funds can usually be recovered quickly rather than relying on coverage to payout. o Insurers’ risk is mitigated so theft cover can be offered to users at a greatly reduced cost than would otherwise be possible. “Swaggy now has the opportunity to offer high-value protection for the wallets of its users”, explains Giovanni Lionetti Ceo of SWAG, “thanks to the collaboration with a top brand such as Coincover, a leading digital company that will protect the owners of Swaggy wallets with the best professionalism. This is a double coverage for our users, who will thus be able to further protect their wallet in case of malicious activity and theft. In this way, Swag takes another step forward by further diversifying itself from the market as a premium brand ”. With this agreement, SWAG, today among the fastest growing mining companies internationally, aims to provide a more secure platform for its customers to manage, send and receive payments. Wallet protects aim is to ensure that the customer’s assets are well-protected from any theft and in case of loss of their private key. “This partnership represents another step towards making cryptocurrency safe for everyone to use,” said David Janczewski, Coincover CEO. “Ultimately it means users can be confident they can recover funds if something goes wrong. Problems due to human error can now be avoided by our industry-leading loss prevention technology. This minimises risk and enables coverage for theft and loss by a world-leading insurer for the best price available.” Building the safety standard for cryptocurrency Founded in the UK in May 2018, Coincover provides solutions for crypto ownerships, technology, cyber-security, crypto, and blockchain insurance. The main goal is building the world’s safety standard for cryptocurrency. The company’s services ensure that users and businesses never lose access to cryptocurrency funds due to user error, business or infrastructure failure. By combining advanced technology and insurance-backed guarantees, Coincover provides disaster recovery and business continuity options for cryptocurrency businesses and enables consumers to enter this exciting market safely. The tailor made world of Swag In two years of activity, SWAG has been able to build an important customer base by offering innovative services in the field of mining and e-wallet management. More and more performing machines, agreements with international top players, increasingly innovative technology at the service of its users through a tailor-made and turnkey service, with clear and accessible costs. These are the strengths of SWAG.tegory Bitcoin News
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