A peer-to-peer trading platform called NFT Trader recently experienced a security breach, resulting in the theft of millions of dollars worth of nonfungible tokens (NFTs). The incident was confirmed by NFT Trader on X (formerly Twitter), who revealed that the attack targeted old smart contracts. Users were advised to revoke delegations to two specific addresses.Among […]
The Cardano community has been alerted to a crypto scam targeting ADA holders. The scam involves a malicious Berry Pool scam event, where members are lured with fake NFTs and promises of ADA token rewards. The Cardano Community issued a warning on their official account, urging caution and highlighting the associated website as a scam. […]
In the ongoing legal dispute between Coinbase Global Inc. and the U.S. Securities and Exchange Commission (SEC), the XRP holder’s lawyer, John Deaton, has accused the SEC’s top official, Gary Gensler, of ‘gaslighting’ the public and disagreed with his stance on cryptocurrencies.The SEC rejected Coinbase’s rulemaking request based on three reasons. These reasons include applying […]
The head of the International Monetary Fund (IMF) has called for regulations on cryptocurrencies, citing the risks they pose to financial stability. Speaking at a conference in Seoul, IMF Managing Director Kristalina Georgieva emphasized the need to address the risks associated with crypto assets, noting their increasing popularity and adoption in emerging market economies. Georgieva […]
Ledger, a popular cryptocurrency hardware wallet provider, recently addressed a security vulnerability that affected multiple decentralized applications (DApps) on its platform. The vulnerability stemmed from a phishing attack on a former Ledger employee, enabling a hacker to gain access to the employee’s NPMJS account and upload a malicious version of the Ledger Connect Kit.The malicious […]
Ripple’s Chief Legal Officer, Stuart Alderoty, has provided insights into the future of the cryptocurrency landscape, specifically focusing on 2024. He discussed predictions regarding Ripple’s ongoing legal dispute with the Securities and Exchange Commission (SEC), the potential influence of the judiciary on crypto regulations, and the challenges that may arise in Congress.Alderoty predicts that Ripple’s […]
In a recent development in the ongoing dispute between Coinbase and the US Securities and Exchange Commission (SEC), the SEC has officially denied Coinbase’s request for new regulations regarding digital assets. In response, Coinbase has taken legal action by filing a petition in court to challenge the SEC’s decision.The SEC chairman, Gary Gensler, supported the […]
Grayscale, a prominent cryptocurrency investment firm, is currently assessing the potential tax implications surrounding spot Bitcoin exchange-traded funds (ETFs). This evaluation comes in response to inaccurate reports circulating about unfavorable tax consequences. Grayscale has taken to social media platform X to clarify that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to […]
LGT Private Banking has appointed Dushyant Bhatia as the head of key clients and family offices in Dubai. Bhatia, who previously worked as the managing director at Bank of Singapore (BoS) in Dubai for over eight years, brings with him more than 20 years of experience in the banking industry.During his career, Bhatia has worked […]
