DHS Prevented Over 500 Crypto Ransomware Attacks in 3 Years
According to the US Department of Homeland Security investigators, they have prevented hundreds of ransomware cyberattacks and confiscated billions of extorted crypto since 2021. Mike Prado, the deputy assistant director of the Homeland Security Investigations (HIS) Cyber Crimes Center, informed Bloomberg in an Oct. 4 report that United States government agencies were the primary targets, […]
NFTs Weekly Sales Volumes Hit Highest Value Since August
The weekly sales volumes of non-fungible tokens (NFTs) have reached their most outstanding level since August, following weeks of lagging sales and a downward market trend. CryptoSlam!, an NFT market tracker, reports that weekly transactions peaked at more than $84.9 million from September 30 to October 6. It is the most significant weekly volume of […]
Bitwise Files ETF to Rotate Between Crypto Futures, US Treasuries
Bitwise Asset Management had a new ETF filing to convert three crypto futures ETFs from long-only strategies to strategies that rotate between crypto futures and US Treasuries. The company is refining the investment strategy of its three crypto futures ETFs to alternate between cryptocurrency and US Treasuries using its proprietary strategy, “Trendwise.” The above strategy, […]
September Sees $46M Loss to Crypto Phishing Scams
Q3 of 2024 saw the theft of over $127 million in cryptocurrencies from investors due to phishing attacks, with September alone losing approximately $46 million. A phishing attack affected approximately 10,800 victims in September, according to Scam Sniffer, a security firm affiliated with Web3. The largest loss was reported on September 28, when a phishing […]
Coinbase to Delist Noncompliant Stablecoins Under EU MiCA Rules
Coinbase has recently updated its offerings in response to the European Union’s Markets in Crypto-Assets Regulation (MiCA) and will delist non-compliant stablecoins by the end of December Bloomberg announced on October 4 that Coinbase will remove stablecoins that do not adhere to EU regulations by the conclusion of 2024. This action is consistent with the […]