In 2024, the cybersecurity landscape has taken an interesting turn with an increase in ransomware incidents but a noticeable decline in payments by the victims. Despite a slight increase in ransomware revenues in the first half of 2024 compared to the first half of 2023, overall extortion payments plummeted by 35% year-over-year. In numbers, ransomware groups collected approximately $813.55 million
In a remarkable move to strengthen its position in the burgeoning crypto industry, Reservoir, a crypto infrastructure startup, has successfully raised $14 million in its Series A funding round. Led by Union Square Ventures, the round also saw participation from prominent investors including Variant, Coinbase Ventures, Delphi Digital, Archetype, and Square Peg Capital. This substantial investment aims to bolster Reservoir’s
In the realm of cryptocurrency, one might assume that the rapid advancements in technology have solidified security measures, protecting digital assets to an unprecedented degree. However, a significant vulnerability exists that could undermine the trust users place in crypto wallets: seed phrases. These commonly trusted recovery tools, meant to safeguard assets, may inherently possess flaws that expose users to potential
The global financial landscape is undergoing a seismic shift with the advent of cryptocurrencies. These digital assets, such as Bitcoin, promise financial autonomy and liberation from conventional banking systems, capturing the imagination of many, especially in developing nations. However, the International Monetary Fund (IMF) remains a formidable force, often dictating economic policies through conditional loans that can stymie such innovative
The cryptocurrency market is abuzz with the emergence of DOGEN, a new token that has captured the attention of investors and enthusiasts alike. With over $5 million raised during its presale phase, DOGEN is being hailed as the next big sensation, drawing comparisons to popular meme coins like Dogecoin and Shiba Inu. As the market anticipates a substantial bull run
In the ever-evolving world of cryptocurrency, one event that consistently stirs both anticipation and uncertainty within the community is the Bitcoin Halving. Set to occur in April 2024, this notable event will once again substantially recalibrate Bitcoin’s supply dynamics. Bitcoin Halving happens approximately every four years and involves reducing the mining rewards by half. In this 2024 event, miner rewards
High-profile accounts on X, previously known as Twitter, are currently facing an alarming phishing campaign that aims to compromise these accounts and promote fraudulent cryptocurrency schemes. This campaign has set its sights on US political figures, tech giants, leading journalists worldwide, and even an X employee. Although the primary focus is on high-follower accounts, the threat extends to all users
In a surprising turn of events, a long-dormant Bitcoin wallet containing 50 BTC, mined over 15 years ago, has suddenly reactivated, transferring its entire contents. The Bitcoin, initially worth just $0.10 each, has significantly appreciated over the years to a current value of $5 million. The unexpected reactivation and substantial transfer have captured the attention of the cryptocurrency community, sparking
In an unprecedented achievement that has set new benchmarks in the crypto landscape, the Solana-based meme coin $PAIN has managed to raise an astounding $39.2 million during its presale period. This fundraising event, which spanned a mere two days, has undeniably broken records for meme coin fundraising efforts, positioning $PAIN as a remarkable phenomenon in the cryptocurrency realm. Solana’s reputation
In an era where the complexity of the crypto ecosystem is rapidly increasing, a new collaboration aims to address the growing need for robust tools to evaluate both on-chain and off-chain characteristics of Virtual Asset Service Providers (VASPs). Blockchain analysis firm Chainalysis and data and software solutions provider Lukka have teamed up to launch an advanced VASP risk assessment product.
The recent fluctuations in the Bitcoin and Ethereum markets have sparked discussion about the significant role institutional inflows play in cryptocurrency price stability. Major financial institutions such as BlackRock and Fidelity have made substantial acquisitions in Bitcoin ETFs, which has prompted a notable recovery in Bitcoin’s price. Conversely, the sharp decline in Ethereum ETF inflows correlates with a significant drop
As the financial world continues to grapple with unprecedented volatility and burgeoning uncertainties, the question on many minds remains whether Bitcoin can defy the odds and reach the towering milestone of $200,000 by the end of February 2025. With the cryptocurrency market characterized by its capricious nature, a myriad of factors—ranging from market sentiment, economic policies, and technical indicators to
