Report: Crypto Adoption To Reach 8% by 2025
According to MatrixPort, institutional interest and economic uncertainties are driving the fast global adoption of cryptocurrencies. Global cryptocurrency adoption is nearing a major milestone, with 7.51% of the world’s population now using digital currencies, according to a report from MatrixPort. The report anticipates that this figure will surpass 8% by 2025, indicating a potential transition […]
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, […]
Indian Supreme Court Regains YouTube Account from XRP Scammers
XRP scammers hacked the Supreme Court of India’s YouTube account, although, while it recovered, it lost its subscriber base. The Supreme Court of India quickly regained control of its official YouTube account after it was hijacked by cryptocurrency scammers promoting fake XRP investments. On September 20, hackers took over the Supreme Court’s YouTube account and […]
AI Deepfake Attacks May Extend Beyond Videos, Audio
Security firms caution that the attack method may expand beyond video and audio as artificial intelligence (AI) powered deepfake schemes become more prevalent. In the second quarter of 2024, malicious actors have intensified their operations by employing AI-powered deepfake schemes to defraud crypto holders, according to a software firm Gen Digital report on Sept. 4. […]
Meta Rejects Claim That Over Half of Facebook Crypto Ads Are Scams
Meta denied the ACCC’s claim that over half of Facebook crypto ads are scams, arguing the data is outdated and based on a limited 2018 dataset. Meta, the parent company of Facebook, has refuted allegations that more than half of the cryptocurrency advertisements on the platform are fraudulent. Meta maintains that the data is obsolete […]