Cryptocurrency Analysis and News Portal
Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden administration in mid-March for bailing out Silicon Valley
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Cryptojacking accounted for 73% of the total value received by malware related addresses between 2017 and 2021, according to a new malware report from blockchain analysis firm Chainalysis.Malware is used to conduct nefarious activity on a victim’s device such as a smartphone or PC after being downloaded without the victim’s
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The U.K.'s financial services regulator plans to tighten restrictions crypto-asset advertising after the government gives it increased power to regulate the industry and protect investors who may not fully understand the risks they are taking on.The Financial Conduct Authority (FCA) said it plans to classify crypto assets such that consumers
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This year has been monumental for the cryptocurrency sector in terms of mainstream adoption. A recent report published by Grayscale Investments found that more than one-quarter of United States investors (26%) surveyed own Bitcoin (BTC), up from 23% in 2020. With the holidays around the corner, financial services provider MagnifyMoney also
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Cybersecurity firm, Guardicore Labs, revealed the identification of a malicious crypto-mining botnet that has been operating for nearly two years on April 1.The threat actor, dubbed ‘Vollgar’ based on its mining of the little-known altcoin, Vollar (VSD), targets Windows machines running MS-SQL servers — of which Guardicore estimates there
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As the cryptocurrency industry continues to mature, security remains a major challenge. Over the last few weeks, a number of cryptocurrency exchanges — namely, OKEx, Bitfinex, Digitex and Coinhako — have experienced security breaches.Although the attackers apparently did not manage to steal any funds, one of the incidents resulted
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Coinhako, a cryptocurrency exchange backed by Tim Draper, has restricted user withdrawals after falling victim to a "sophisticated attack."The Singapore-based exchange told users Friday that account send functions for cryptocurrencies had been temporarily disabled. Although a spokesperson initially said this was for "network maintenance", the exchange admitted Saturday it had
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