Cybercriminals are increasingly moving away from ransomware attacks and opting for a more covert strategy of utilizing stolen computing power to mine digital currency. To increase their likelihood of success, these malicious entities constantly vary their tools, tactics, and procedures, remaining adaptive and evasive in their approach. According to SonicWall, the publisher of cyberattack intelligence...Read More
The Bank of Canada published a report on Wednesday outlining Canadian crypto ownership trends last year. Its Bitcoin Omnibus Survey found that Bitcoin (BTC) ownership across the country declined from 13% to 10% of the population in 2022. The report noted that the ownership decline occurred on the back of Bitcoin’s massive price decline of...Read More
Ripple’s recent victory in the SEC lawsuit has created a ripple effect in the crypto world with curiosity about XRP’s future price trajectory. What is more enticing is that Google Bard, an AI chatbot, has stepped in to offer intriguing predictions for XRP’s price at the end of 2023, 2025, and 2030. Here is the...Read More
According to recent research by CoinGecko, two-thirds of the 30 biggest global banks by assets under management (AUM) support crypto trading through regulated exchanges. Furthermore, around 74% of the top 50 banks worldwide support crypto trading by connecting to regulated exchanges, the report added. “However, none support retail crypto trading or on-ramping from respective native...Read More
Santiment, a prominent cryptocurrency analytics platform, reported that as the highly anticipated Litecoin halving event approaches on Wednesday, key traders who hold positions ranging from $9.5k to $950k worth of LTC are engaging in aggressive accumulation. As history suggests, this reduction in supply and the potential increase in demand could have logical implications. According to...Read More
The number of average daily active addresses on the BNB Chain spiked to 1.4 million in the second quarter of 2023, signaling a 25.6% increase from the figure recorded in Q1. According to a report by crypto intelligence firm Messari, the number of daily active addresses almost reached an all-time average of approximately 1.5 million...Read More
FTX and Genesis have come to an agreement in principle to settle claims made by both parties in their ongoing legal brawl. Both bankrupt firms had previously claimed that the other party owed money. However, the legal counsel representing both wrote to bankruptcy Judge Sean Lane stating that they had agreed to a settlement. The...Read More
Well-known crypto critic, Senator Elizabeth Warren, won support from Washington-based banking advocacy group, the Bank Policy Institute (BPI), for newly introduced bipartisan legislation that seeks to regulate the crypto industry and eliminate loopholes for illicit activity. Its support has been viewed as a peculiar move because both Warren and the Wall Street banks have hardly...Read More
Italian motorcycle manufacturer Ducati partnered with XRP Ledger to enter the Web3 space. The main goal is to launch its first-ever digital collectible, which is a video sequence of all the Ducati logos that have appeared on the tanks of motorbikes produced in Borgo Panigale from 1946 to the present day. The first release is...Read More
Altcoins are indeed making waves in the crypto market, and the recent activities of Litecoin (LTC), Ripple-affiliated XRP, and Solana (SOL) are clear indicators of this trend. In the past 24 hours, all three have experienced notable gains, signaling a potential shift in the crypto landscape. As Bitcoin’s (BTC) dominance begins to waver, the spotlight...Read More
