Regulation, tracking may reduce BTC usage in Cybercrimes – Kaspersky
According to cybersecurity firm Kaspersky, crypto-related hackers will employ other cryptos as a source of payment in cybercrimes rather than Bitcoin (BTC) as regulation and tracking continues to increase. The ability of hackers to transfer money securely is predicted to be hindered as legislation and monitoring technology advance, making Bitcoin (BTC) a less attractive payment […]
‘Metaverse’ competes for Oxford’s Word of the Year
This year Oxford’s “Word of the Year” (WOTY) contest has three keywords with the Metaverse as one of them. The public for the first time also gets to vote on which keyword attains the title. On November 22, OUP formally announced the competition’s beginning and the names of its three 2022 finalists. This is the […]
Genesis hires restructuring consultant to help escape bankruptcy
Genesis Global Capital has reportedly hired a restructuring advisor to evaluate all possibilities, including bankruptcy. According to a Nov. 22 New York Times report, it is believed that the company has hired investment bank Moelis & Company to investigate options, though people familiar with the situation have emphasized that no financial decisions have been made […]
Governor of New York issues moratorium to stop crypto mining
The governor of New York, Kathy Hochul, has approved one of the country’s most stringent rules governing crypto mining. The bill imposes a two-year freeze on the issuance of new licenses to crypto mining businesses that rely on fossil fuels for power and validate transaction data using proof-of-work authentication techniques using millions of computers. As […]
Argentina fan token falls 31% after World Cup loss to Saudi Arabia
In keeping with the expectations of the country’s ardent soccer supporters, Argentina’s shocking 2-1 loss to Saudi Arabia in the FIFA World Cup opening match has caused the price of the Argentine Football Association Fan Token (ARG) to plunge. Data from Coingecko shows that the ARG token, which was priced at $7.21 at kickoff, fell […]