Operating for a year now, insidious malware ElectroRAT is bringing 2020 into 2021 and targeting crypto wallets. A researcher at cybersecurity firm Intezer has identified and documented the inner workings of ElectroRAT, which has been targeting and draining victims’ funds. According to the researcher, Avigayil Mechtinger, the malware operation includes a variety of detailed tools that
When the Securities and Exchange Commission gave its blessing to social media platform IMVU to launch VCOIN, it was a major leap forward for acceptable scope of crypto applications. The implications for what sorts of projects the SEC considers a security are, in and of themselves, huge. But part of the appeal of VCOIN to
Bitcoin (BTC) may have hit new all-time highs of $37,600, but one indicator suggests that yet another bull run is incoming. Released in the latest weekly report from Stack Funds, data from Bitcoin’s network value to transaction (NVT) ratio still remains firmly bullish. Report: NVT suggests Bitcoin “not overvalued” According to analysts at Stack, despite
The young artist, Keyshawn Butler, confirmed on his Instagram page that his YouTube page had been hacked on 7 January, although he seemed unaware what the channel was being used for. HiiiKey’s channel has around 249,000 subscribers on YouTube. American rapper HiiiKey’s YouTube channel has reportedly been hacked and used to promote a fake Bitcoin
Aggressive buying by institutional investors is one of the main reasons for the current Bitcoin (BTC) bull run. Some investors expressed their intent to hold their positions for a few years, but it is also prudent to note that many of these investors have recently developed a love for Bitcoin and their conviction to HODL
The public and press have only heard the story from the SEC’s side, and we’ll be filing our response in a few weeks to address these unproven allegations against Ripple. The SEC’s decision to file this action is not just about Ripple, it is an attack on the entire crypto industry here in the United
Modern cryptography is still a relatively young scientific discipline, but its history shows a significant pattern. Most developments are based on research that took place years or even decades before. There’s a good reason for this glacial pace of movement. Just as drugs and vaccines undergo years of rigorous testing before they reach the market,
Brian Brooks, the acting head of the U.S. Office of the Comptroller of the Currency and former chief legal officer to Coinbase, has warned against the Consumer Financial Protection Bureau receiving the right to grant “Fintech Charters.” Earlier this week, the CFPB’s Taskforce on Consumer Financial Law published a report featuring 102 policy recommendations intended
The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official. First proposed in August 2020, the digital service tax (DST) came into force on
Jimmy Donaldson, aka “Mr Beast,” a prominent YouTuber boasting 50.2 million subscribers and 8.5 billion total views, now owns a verified Brave browser account — potentially exposing some of his enormous audience to virtual currency. Donaldson is not new to crypto and is believed to have made a considerable amount of money via cryptocurrency investments.
Bullish fervor surrounding Ethereum (ETH) intensified on Wednesday, as the second-largest cryptocurrency broke above $1,200 for the first time in three years. The gains were largely driven by a confluence of fundamental factors, including Bitcoin’s parabolic rally, the anticipation of ETH futures contracts and a surging DeFi sector. ETH price exceeds $1,200 Ether’s value peaked
Another crypto exchange has added support for Bitcoin’s Lightning Network. U.K.-based CoinCorner debuted Lightning Network support for its users Tuesday. They can now deposit and withdraw bitcoin with the secondary network, a software stack that is built on top of Bitcoin’s core technology which facilitates cheap and fast transactions. “Lightning is the most decentralized and
The U.S. Treasury may have accidentally widened the window of opportunity for anyone wishing to submit comments regarding the Financial Crimes Enforcement Network’s new crypto rules. Last month, the Financial Crimes Enforcement Network, or FinCEN, proposed rules that would require registered crypto exchanges to verify the identity of people using “an unhosted or otherwise covered
The price of Cardano (ADA) rose more than 100% in the past week as it overtook Bitcoin Cash (BCH) to become the world’s sixth-largest cryptocurrency by market capitalization. There are two major factors behind ADA’s strong upsurge throughout the past several weeks. First, most major cryptocurrencies saw large rallies following BTC’s uptrend to $36,400 and
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Newsweek, one of the largest American weekly news magazines, has taken a positive spin on Bitcoin (BTC) in a recent article that explores whether the digital asset can become the new gold standard. The article, which appeared on Wednesday, dissects the digital gold narrative using JPMorgan’s latest model showing a potential BTC price of $146,000.