Canadian truckers who are currently fighting against vaccine mandates in their native country have found solace in bitcoin after the fundraising platform GoFundMe halted donation monies they were slated to receive. Canadian Truckers Get What They Need Through BTC Canadian truckers have been gathering in their nation for the last several weeks and have formed...

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The use of cryptocurrency by Ukrainians is an effort to fight back against Russian troops positioned in their country. A blockchain analytics firm Elliptic revealed that Ukrainian crowdfunding had increased 900% since 2021, with most donations coming from within Ukraine itself rather than externally like before when it was funded mainly by other countries or organizations who saw what they called “a crisis.” Related Reading | Ukraine Adopts New Law To Legalize Bitcoin And Other Cryptocurrencies These groups have seen a significant rise in cryptocurrency funding thanks to Bitcoin. As a result, digital currency is becoming an alternative channel for donors, despite restrictions imposed by traditional financial systems.  Bitcoin allows people worldwide to make connections and create change that lasts far beyond anyone’s donations – crypto contributions can now harness this power. In 2021, non-government organizations and volunteer groups received more than $500,000 worth of Bitcoin as crowdfunding. This marked a 900% increase from 2020.  Since the Ukrainian military was effectively crumbling against the Russian invasion, many citizens have taken up arms to fight. They are called “volunteer groups.” They get funding from private donations. Ukrainian Fundraising Campaigns Receive Crypto Funding  In the modern era, cryptocurrencies are becoming more popular as funding for fundraising campaigns. Elliptic’s study shows that digital currency users can contribute to these types of organizations and receive payment from them more effortlessly than ever before without having any interference or problems with cross-border payments, which makes it very attractive, among other things too. With the potential of their payments being denied, private donors have turned away from bank wires and app payment systems in favor of Bitcoin. Some fundraising campaigns have had accounts closed before due to financial institution restrictions on certain funds raised through that particular means. Relatively new to this type of donation process. Still, it’s becoming more popular among those seeking alternative ways to donate money. Related Reading | Solana’s Outlook Bullish Post Phantom’s Fundraising Round Elliptic has revealed that one of the organizations they’ve uncovered thus far, Come Back Alive– a group that received nearly $200,000 in funding recently from September to December last year–provides support primarily for Ukraine’s army. Cybersecurity organizations have been receiving funding via cryptocurrencies for years now. One such organization is the Ukrainian Cyber Alliance. The group primarily carries out cyber operations against Russia-based hackers and propaganda disseminators. The organization get help from its supporters worldwide through Bitcoin donations or Litecoin mining ventures. They’ve received almost $100 thousand in Bitcoin and other cryptocurrencies to fund their operations against Russia last year. 10,000 Russian Troops Massacred Near Border With Ukraine The recent increase in military deployment near the border between Russia and Ukraine has residents on edge. Russia had stationed more than 10 thousand troops near eastern Donbas since last year when the conflict began following the Maidan revolution. To date, more than 6000 people, including soldiers, have died due to violence. Both sides blame each other for these deaths. Featured image from Pixabay, chart from Tradingview.com  

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The years since the launch of the first cryptocurrency appear to have broken down the mistrust of many skeptics. Given its sustained growth over the years, cynics no longer see the market as a digital casino.  Cryptocurrencies like Ethereum (ETH) continue to be appealing investment choices globally. Although they experienced a steep crash during the …

A blockchain research firm, Chainalysis, revealed crypto-ransomware attacks of 2021 racked up $602 million in Bitcoin and other currencies, and that figure could be even higher. In addition, the report pronounced a Russian-based hacker group named Conti as the most active and largest group of hackers by revenue last year. The analysis firm expressed that they have counted for all of it yet, and the figure of stolen money may be even more extensive, rising as high as $1 billion. Related Reading | Over $5 Billion In BTC Paid In Top 10 Ransomware Variants, Says U.S. Treasury In a Chainalysis preview report of 2022, the firm has confirmed the rapid growth in ransomware crimes. It explained that its initial estimate (that’s still an underestimate) of $350 million has jumped to $692 million.   Chainalysis stated, In fact, despite these numbers, anecdotal evidence, plus the fact that ransomware revenue in the first half of 2021 exceeded that of the first half of 2020, suggests to us that 2021 will eventually be revealed to have been an even bigger year for ransomware. The firm explained that ransomware attacks, pretty much like computer viruses, are dangerous and ever-changing too, so they can easily avoid law enforcement and updated security measures in a system. Ransomware Attacks: 2020 VS 2021 Similarly, the average payout of ransomware rose to $118,000 in 2021, up 26% compared to its previous $88,000 in 2020. The most significant cause behind the higher increase of these numbers per the Chainalysis is a ‘big game hunting strategy. Ransomware strains have been employed in it increasingly to target big corporations for ransomware. The number of most active strains in 2021 also has broken all its previous records with 140 groups that received cryptocurrencies. It is up 21 from 2020’s figure and 61 from 2019. Conti Group Becomes The Biggest Strain Of 2021’s Ransomware Attacks The recorded ransomware payments of 2019 stand at $152 million and only $39 million in 2018. In contrast, the last year’s figure has increased dramatically. As a result, the Russian-based hacker group ‘Conti’ is the biggest strain by revenue, per the Chainalysis. Last year, the Russia-based hacker group Conti became one of the ransomware’s most active and profitable strains. The Conti Group has extorted nearly $200 million from their victims in Bitcoin and Monero. The group uses the ransomware-as-a-service (RaaS) model as the key and believes in sharing its program with affiliates to exchange a fee. Another ransomware strain named ‘DarkSide’ who previously marked the historic attack on U.S Colonial Pipeline, which resulted in petroleum shortage, came in second to Conti. DarkSide asked the company to pay them $5 million in Bitcoin at the hack time. Additionally, it nearly fetched over $75 million through the course of a year in similar hacks. Related Reading | The US Offers A $10M Reward For Information On DarkSide Ransomware Group Chainalysis found Conti to be the only active strain throughout this past year. At the same time, most others “Wavered in and out like a wave going up then down.” Featured image by Pixabay and chart from Tradingview.com

The ethereum founder Vitalik Buterin warns the President of Russia Vladimir Putin that if he decides to invade Ukraine, the results will harm humanity as tensions mount over the chances of Russia invading Ukraine so let’s see more what he had to say in our latest Ethereum news. Vitalik Buterin is the founder of Ethereum […]

Day one of the HCS Anaheim North American Regional Finals is in the books. The competition began with the Group…

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Nonfungible tokens can power another paradigm shift via the experience-to-earn model, which welcomes anyone into the NFTs space.

BEIJING–(BUSINESS WIRE)–HARMAY, the new retail beauty brand, has concluded its Series C and D rounds of financing, raising a combined $200 million. The Series C was led by General Atlantic and the Series D by QY Capital, with Eastern Bell Capital, N5 Capital, Ocean Link, Hillhouse Venture, and BA Capital among the co-investors; Rothschild & […]

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One of the most common and serious cyber-attacks involves ransomware. These attacks have been increasing not only in number but also in severity. In the first half of 2020, average ransomware payments increased by 60%, with Bitcoin used for most payments. Blockchain analysis firm Chainalysis released new data on 10 February about ransomware activity related […]

GensoKishi is the blockchain gaming iteration of the traditional videogame, Elemental Knights Online. The Rise of GameFi It is easy for those of us who follow the GameFi and Metaverse spaces closely to feel that we are late to the party. Axie Infinity’s AXS token has provided early investors with a roughly 4,000% return on […]

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Key Takeaways A high profile case surrounding an employee losing his job at Ethereum Name Service over a 2016 tweet has sparked intense debate...