The crypto revolution is transforming traditional finance systems by increasing access to financial services, accelerating transfers and bringing transparency and auditability to finance transactions. These are amazing enhancements. To sustain the viability of this new, decentralized digital economy, it is…

The post Setting the Record Straight: Law and Policy Are Not at Odds with Crypto Analytics appeared first on CipherTrace.

Ethereum fees have fallen below $5 per simple transaction according to pictured data by Santiment, a blockchain analytics firm. That’s down from circa $35 in November and May last year...

The U.S. Federal Trade Commission (FTC) has warned about social media being used in cryptocurrency investment scams. “Social media is a tool for scammers in investment scams, particularly those involving bogus cryptocurrency investments — an area that has seen a massive surge in reports,” said the FTC. Federal Trade Commission Warns of Crypto Scams Utilizing […]

Nansen, a cryptocurrency and blockchain statistics and analytics platform, has issued a report on the growth of decentralized finance (defi) in 2021. The document highlights how defi managed to keep growing, opening the field to new participant chains. Non-fungible tokens (NFTs) also had a notable year, with many new wallets experiencing growth as a result. […]

Nansen, a blockchain analytics platform, has released its 2021 ‘State of the Crypto Industry Report’ showing crypto has gone multi-chain, with attractive yields and digital collectibles.

On-chain data shows that short-term holders sold off significant portions of their BTC holdings during the recent market crash.

The OpenSea vulnerability which analysts first got wind of a few days ago appears to have not been fixed. According to new data, OpenSea users are still losing their pieces to hackers. Another eight NFTs have been exploited and sold without the owner’s consent for a huge profit by hackers. OpenSea exploit continues Hackers have been exploiting

The post OpenSea Fixes Vulnerability, But Users Are Still Losing NFTs To Hackers appeared first on CoinGape.

Money laundering through decentralized finance (DeFi) protocols is gaining popularity with cybercriminals, according to new research from blockchain analytics firm Chainalysis. Cybercriminals laundered at least $8.6 billion in cryptocurrency in 2021, the firm said in research published Wednesday – a 30% jump in money laundering activity from 2020. Decentralized protocols received 17% of crypto sent…

The post Money Laundering Picks Up Steam on DeFi Protocols: Chainalysis appeared first on Bitcoin News Miner.

Ransomware has become the biggest threat to online security, affecting all industries connected to the internet – from supply chains, to healthcare institutions. Therefore, a critical part of Binance’s commitment to ensuring the secure and sustainable growth of the global crypto ecosystem involves fighting different strains of ransomware and fraud. Earlier this year we released a […]

The post Binance Helps Take Down Cybercriminal Ring Laundering $500 Million in Ransomware Attacks appeared first on The Daily Hodl.

If North Korean hackers start grinding play-to-earn crypto games like Axie, experts anticipate they'll deploy code to automate in-game tasks.

The post North Korean hackers could grind crypto games for weapons, experts warn appeared first on Protos.

This year has seen a surge in cryptocurrency investment all around the world, and India was no exception. According to recent research, the world’s second-most populous country is poised to be a major player in the global crypto market. Coinstore’s daily traded volume has increased dramatically since it began active operations in June 2021, increasing from $10,000 to $40 million per day. Asian and African countries, which account for over 70% of the market, have seen rapid expansion. But this development came with an even greater price last year. According to statistics from blockchain analytics firm Chainalysis, Indians have visited bogus crypto websites in droves in recent years. Last year, Indians visited crypto scam websites 9.6 million times. The figure was substantially greater in 2020 when Indian users visited crypto scam websites 17.8 million times. Coinpayu.com, adbtc.top, hackertyper.net, dualmine.com, and coingain.app were the top cryptocurrency scam websites frequented by Indians in the past year, according to Chainalysis. Enforcement Directorate confiscate assets worth about $5 million  Several Bitcoin scam instances have been investigated by Indian authorities. The country’s Enforcement Directorate (ED) confiscated assets worth $5 million earlier this month in connection with an alleged cryptocurrency scam using Morris Coin. Scams using cryptocurrency are a top priority for regulators around the world. Crypto frauds are at the top of the North American Securities Administrators Association’s (NASAA) “annual list of top investor concerns,” according to the organization. Furthermore, the US Federal Trade Commission (FTC) recently issued a warning to customers concerning Bitcoin ATM scams.

The post Crypto Scam Websites Remain A Major Concern As Crypto Wave Engulfs India appeared first on Cryptoknowmics-Crypto News and Media Platform.

Over the past year and half, Bitcoin and its companions in the crypto-market have been a hot topic around the world. Bitcoin aka the king coin hit an all-time high of nearly $69,000, and the market cap hit a high of $3 trillion. The tremendous growth in its price and innovation has had people taking […]