$3.9 billion lost in the cryptocurrency market in 2022: Report
The report from Immunefi revealed hacks to have been the main cause of related losses.
Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.
According to the report, hacks were found to…
https://cryptoinsight.ae/3-9-billion-lost-in-the-cryptocurrency-market-in-2022-report/
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The report from Immunefi revealed hacks to have been the main cause of related losses.
Immunefi, a bug bounty and security services platform for the Web3 ecosystem, published a report on Jan. 6 revealing that the crypto industry lost a total of 3.9 billion dollars in 2022.
According to the report, hacks were found to…
https://cryptoinsight.ae/3-9-billion-lost-in-the-cryptocurrency-market-in-2022-report/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $859 Billion, a 0.0% change in the last 24 hours
Bitcoin ~ $16,942.46 (0.2%)
Ethereum ~ $1,263.47 (-0.0%)
Solana ~ $13.29 (0.1%)
Polkadot ~ $4.64 (-0.4%)
Flow ~ $0.696363 (-1.4%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $859 Billion, a 0.0% change in the last 24 hours
Bitcoin ~ $16,942.46 (0.2%)
Ethereum ~ $1,263.47 (-0.0%)
Solana ~ $13.29 (0.1%)
Polkadot ~ $4.64 (-0.4%)
Flow ~ $0.696363 (-1.4%)
Follow and subscribe - @GulfCryptoInsight
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Hedge funds subpoenaed by U.S. prosecutors as Binance probe unfolds: Report
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to…
https://cryptoinsight.ae/hedge-funds-subpoenaed-by-u-s-prosecutors-as-binance-probe-unfolds-report/
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United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
United States prosecutors are investigating hedge funds’ relationships with cryptocurrency exchange Binance for money-laundering violations.
According to anonymous sources cited by the Washington Post, the U.S. attorney’s office for the Western District of Washington in Seattle subpoenaed investment firms to…
https://cryptoinsight.ae/hedge-funds-subpoenaed-by-u-s-prosecutors-as-binance-probe-unfolds-report/
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FTX asset sales challenged by U.S. Trustee: Report
A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses.
Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.
As per the filing, U.S.…
https://cryptoinsight.ae/ftx-asset-sales-challenged-by-u-s-trustee-report/
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A U.S. Trustee filed an objection to plans by FTX to sell its units in Europe and Japan, among other businesses.
Bankrupt crypto exchange FTX’s plans to sell its digital currency futures and clearinghouse LedgerX, among other businesses, were challenged by the U.S. Trustee on Jan. 7, according to Reuters.
As per the filing, U.S.…
https://cryptoinsight.ae/ftx-asset-sales-challenged-by-u-s-trustee-report/
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Wyre imposes up to a 90% withdrawal limit for all users
Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.”
Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown.
On Jan. 7, 2023, Wyre…
https://cryptoinsight.ae/wyre-imposes-up-to-a-90-withdrawal-limit-for-all-users/
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Wyre imposed a daily withdrawal limit on its platform subject, citing “the best interest of our community.”
Crypto payment platform Wyre modified its withdrawal policy to limit users from cashing out up to 90% of their assets just days after two former employees allegedly hinted the possibility of a shutdown.
On Jan. 7, 2023, Wyre…
https://cryptoinsight.ae/wyre-imposes-up-to-a-90-withdrawal-limit-for-all-users/
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Hello there!
Day started from:
The global cryptocurrency market cap today is $884 Billion, a 3.1% change in the last 24 hours
Bitcoin ~ $17,215.28 (1.6%)
Ethereum ~ $1,308.83 (3.5%)
Solana ~ $16.16 (21.6%)
Polkadot ~ $4.92 (6.0%)
Flow ~ $0.755848 (8.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $884 Billion, a 3.1% change in the last 24 hours
Bitcoin ~ $17,215.28 (1.6%)
Ethereum ~ $1,308.83 (3.5%)
Solana ~ $16.16 (21.6%)
Polkadot ~ $4.92 (6.0%)
Flow ~ $0.755848 (8.5%)
Follow and subscribe - @GulfCryptoInsight
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Why DeFi should expect more hacks this year: Blockchain security execs
One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.
Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated.
Executives…
https://cryptoinsight.ae/why-defi-should-expect-more-hacks-this-year-blockchain-security-execs/
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One reason is that “hackers have gotten smarter, gained more experience, and learned how to look for bugs,” according to the founder of a crypto auditing firm.
Decentralized finance (DeFi) investors should buckle themselves up for another big year of exploits and attacks as new projects enter the market and hackers become more sophisticated.
Executives…
https://cryptoinsight.ae/why-defi-should-expect-more-hacks-this-year-blockchain-security-execs/
Website | Twitter | LinkedIn | Telegram
Digital Currency Group under investigation by US authorities: Report
U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis.
Crypto conglomerate Digital Currency Group, or DCG, is under investigation by the United States Department of Justice’s Eastern District of New York and the Securities and Exchange Commission (SEC), according to a Bloomberg report.
The authorities are digging into internal…
https://cryptoinsight.ae/digital-currency-group-under-investigation-by-us-authorities-report/
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U.S. authorities are reportedly investigating internal transfers from Digital Currency Group to its subsidiary Genesis.
Crypto conglomerate Digital Currency Group, or DCG, is under investigation by the United States Department of Justice’s Eastern District of New York and the Securities and Exchange Commission (SEC), according to a Bloomberg report.
The authorities are digging into internal…
https://cryptoinsight.ae/digital-currency-group-under-investigation-by-us-authorities-report/
Website | Twitter | LinkedIn | Telegram
Bitcoin, Sango Coin and the Central African Republic
The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary?
In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin.
As the second country globally to recognize Bitcoin in such a…
https://cryptoinsight.ae/bitcoin-sango-coin-and-the-central-african-republic/
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The Central African Republic adopted Bitcoin and swiftly created its own token, Sango Coin. But where did Sango Coin come from, and why is it necessary?
In the spring of 2022, the Central African Republic (CAR) became the first African country to adopt Bitcoin.
As the second country globally to recognize Bitcoin in such a…
https://cryptoinsight.ae/bitcoin-sango-coin-and-the-central-african-republic/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $886 Billion, a 0.2% change in the last 24 hours
Bitcoin ~ $17,234.20 (0.1%)
Ethereum ~ $1,326.43 (1.3%)
Solana ~ $16.16 (0.1%)
Polkadot ~ $4.90 (-0.4%)
Flow ~ $0.787935 (4.2%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $886 Billion, a 0.2% change in the last 24 hours
Bitcoin ~ $17,234.20 (0.1%)
Ethereum ~ $1,326.43 (1.3%)
Solana ~ $16.16 (0.1%)
Polkadot ~ $4.90 (-0.4%)
Flow ~ $0.787935 (4.2%)
Follow and subscribe - @GulfCryptoInsight
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5 sneaky tricks crypto phishing scammers used last year: SlowMist
SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams.
Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and trojan malware spread on messaging app…
https://cryptoinsight.ae/5-sneaky-tricks-crypto-phishing-scammers-used-last-year-slowmist/
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SlowMist found that across 303 recorded blockchain security incidents in 2022, nearly a third were made up of phishing attacks, rug pulls and scams.
Blockchain security firm SlowMist has highlighted five common phishing techniques crypto scammers used on victims in 2022, including malicious browser bookmarks, phony sales orders and trojan malware spread on messaging app…
https://cryptoinsight.ae/5-sneaky-tricks-crypto-phishing-scammers-used-last-year-slowmist/
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Terra accidental airdrop leads to smear campaign, community member claims
TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign.
Terraform Labs (TFL), the firm behind the defunct algorithmic stablecoin TerraUST (USTC), and its co-founder Do Kwon is back in…
https://cryptoinsight.ae/terra-accidental-airdrop-leads-to-smear-campaign-community-member-claims/
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TFL claimed that the airdrop receiver refused to return the funds, while the user claimed that he was on the verge of settlement with the firm when the former decided to run a smear campaign.
Terraform Labs (TFL), the firm behind the defunct algorithmic stablecoin TerraUST (USTC), and its co-founder Do Kwon is back in…
https://cryptoinsight.ae/terra-accidental-airdrop-leads-to-smear-campaign-community-member-claims/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $891 Billion, a 0.7% change in the last 24 hours
Bitcoin ~ $17,402.96 (1.0%)
Ethereum ~ $1,331.55 (0.4%)
Solana ~ $16.07 (-0.9%)
Polkadot ~ $4.87 (-0.7%)
Flow ~ $0.785750 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $891 Billion, a 0.7% change in the last 24 hours
Bitcoin ~ $17,402.96 (1.0%)
Ethereum ~ $1,331.55 (0.4%)
Solana ~ $16.07 (-0.9%)
Polkadot ~ $4.87 (-0.7%)
Flow ~ $0.785750 (-0.3%)
Follow and subscribe - @GulfCryptoInsight
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Sanctions couldn’t ‘pull the plug’ on Tornado Cash: Chainalysis
While it has become harder to access the crypto mixer today, for better or worse, decentralization means it’s near impossible to put an end to it.
Sanctions aimed at decentralized crypto mixer Tornado Cash weren’t able to completely cut off its usage, though it has hamstrung the service, a blockchain analytics firm has shared.
On…
https://cryptoinsight.ae/sanctions-couldnt-pull-the-plug-on-tornado-cash-chainalysis/
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While it has become harder to access the crypto mixer today, for better or worse, decentralization means it’s near impossible to put an end to it.
Sanctions aimed at decentralized crypto mixer Tornado Cash weren’t able to completely cut off its usage, though it has hamstrung the service, a blockchain analytics firm has shared.
On…
https://cryptoinsight.ae/sanctions-couldnt-pull-the-plug-on-tornado-cash-chainalysis/
Website | Twitter | LinkedIn | Telegram
5 signs that an altcoin bull run could be underway
Record-low volatility and potentially positive macroeconomic data are providing crypto traders with a few opportunities.
While 2022 ended on a grim note with macro headwinds providing little hope of a revival in 2023, the start of a new year has surprised bears with a surge in Bitcoin, Ether and altcoin prices. The period of sparse…
https://cryptoinsight.ae/5-signs-that-an-altcoin-bull-run-could-be-underway/
Website | Twitter | LinkedIn | Telegram
Record-low volatility and potentially positive macroeconomic data are providing crypto traders with a few opportunities.
While 2022 ended on a grim note with macro headwinds providing little hope of a revival in 2023, the start of a new year has surprised bears with a surge in Bitcoin, Ether and altcoin prices. The period of sparse…
https://cryptoinsight.ae/5-signs-that-an-altcoin-bull-run-could-be-underway/
Website | Twitter | LinkedIn | Telegram
Voyager and Binance.US deal given initial nod amid national security probe
The deal has received initial approval from the bankruptcy judge but will require the approval of creditors and final court approval.
Bankrupt crypto lender Voyager Digital has received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion.
The approval comes amid a national security probe concerning Binance.US that Voyager…
https://cryptoinsight.ae/voyager-and-binance-us-deal-given-initial-nod-amid-national-security-probe/
Website | Twitter | LinkedIn | Telegram
The deal has received initial approval from the bankruptcy judge but will require the approval of creditors and final court approval.
Bankrupt crypto lender Voyager Digital has received initial court approval for its proposal to sell its assets to Binance.US for $1.02 billion.
The approval comes amid a national security probe concerning Binance.US that Voyager…
https://cryptoinsight.ae/voyager-and-binance-us-deal-given-initial-nod-amid-national-security-probe/
Website | Twitter | LinkedIn | Telegram
It’ll be OK: DCG crisis likely won’t ‘include a lot of selling’ — Novogratz
Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, according to Galaxy Digital Holdings CEO Mike Novogratz.
Galaxy Digital Holdings CEO Mike Novogratz has hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis, saying while it’s “not good news,” it won’t “include a lot…
https://cryptoinsight.ae/itll-be-ok-dcg-crisis-likely-wont-include-a-lot-of-selling-novogratz/
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Digital Currency Group’s ongoing financial distress isn’t likely to cause much further strain on crypto prices, according to Galaxy Digital Holdings CEO Mike Novogratz.
Galaxy Digital Holdings CEO Mike Novogratz has hosed down fears over the crisis facing Digital Currency Group (DCG) and Genesis, saying while it’s “not good news,” it won’t “include a lot…
https://cryptoinsight.ae/itll-be-ok-dcg-crisis-likely-wont-include-a-lot-of-selling-novogratz/
Website | Twitter | LinkedIn | Telegram
Hello there!
Day started from:
The global cryptocurrency market cap today is $924 Billion, a 3.5% change in the last 24 hours
Bitcoin ~ $18,142.31 (4.2%)
Ethereum ~ $1,400.18 (5.0%)
Solana ~ $16.31 (1.5%)
Polkadot ~ $5.13 (5.1%)
Flow ~ $0.860544 (9.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Day started from:
The global cryptocurrency market cap today is $924 Billion, a 3.5% change in the last 24 hours
Bitcoin ~ $18,142.31 (4.2%)
Ethereum ~ $1,400.18 (5.0%)
Solana ~ $16.31 (1.5%)
Polkadot ~ $5.13 (5.1%)
Flow ~ $0.860544 (9.5%)
Follow and subscribe - @GulfCryptoInsight
Website | Twitter | LinkedIn | Telegram
Bitcoin surges above $18K to cap 8-day winning streak
The last time Bitcoin saw such a long streak of green candles was July 2021, during the height of the pandemic.
Bitcoin has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December.
The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at…
https://cryptoinsight.ae/bitcoin-surges-above-18k-to-cap-8-day-winning-streak/
Website | Twitter | LinkedIn | Telegram
The last time Bitcoin saw such a long streak of green candles was July 2021, during the height of the pandemic.
Bitcoin has clocked eight straight days of increasing prices and has surged back above $18,000 for the first time since mid-December.
The cryptocurrency hadn’t recorded such a prolonged winning streak since July 2021, at…
https://cryptoinsight.ae/bitcoin-surges-above-18k-to-cap-8-day-winning-streak/
Website | Twitter | LinkedIn | Telegram
Bitcoin miner Northern Data says production increased by 315% Y/Y in 2022
According to Northern Data AG, it generated a total of 2,798 BTC in the fiscal year 2022.
Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, has released earnings results for its mining division.
Northern Data AG said that in fiscal 2022, it mined 2,798 Bitcoin, up 315% from the…
https://cryptoinsight.ae/bitcoin-miner-northern-data-says-production-increased-by-315-y-y-in-2022/
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According to Northern Data AG, it generated a total of 2,798 BTC in the fiscal year 2022.
Northern Data AG, a German company that specializes in Bitcoin mining and cloud computing, has released earnings results for its mining division.
Northern Data AG said that in fiscal 2022, it mined 2,798 Bitcoin, up 315% from the…
https://cryptoinsight.ae/bitcoin-miner-northern-data-says-production-increased-by-315-y-y-in-2022/
Website | Twitter | LinkedIn | Telegram