Japan, often fondly referred to as the ‘Land of the Rising Sun’ has this year increasingly become the ‘Land of rising crypto theft,’ with a new report suggesting that the yen equivalent of $540 million has been stolen during the first six months of the year. $540 Million in Crypto Theft in 2018, Says Japan’s…
Another hacking attack has hit a known crypto exchange in Japan, and this time, thieves managed to steal around $60 million in crypto. Another Crypto Exchange Hack The popularity of attacks on crypto exchanges seemingly continues to grow, with another such exchange being hit just recently, in Japan. It is largely believed that such incidents…
This week, Danish publications reported that Danske Bank CEO has resigned amidst allegations of potential money laundering hundreds of billions of dollars, an amount that is equivalent to the market cap of crypto. When billions or dollars are involved, history has it that banks can’t resist the urge to “inject” the money into the system,…
The Cyber Threat Alliance has just released their latest Joint Analysis focusing on the threat posed by illicit cryptocurrency mining. The report shows that incidents of the cyber attack have surged a massive 459 percent since last year. Incidents of Illicit Mining Surge After Leak of Eternal Blue Exploit The Joint Analysis of illicit cryptocurrency…
Boston, Massachusetts-based, $6.9 trillion asset manager and financial services company, Fidelity Investments, is close to entering the cryptocurrency space, with an announcement from the firm expected “by the end of the year,” if recent comments from Fidelity’s CEO holds true. Fidelity Investments CEO Reveals Work on Crypto Products, Announcement Coming While speaking during last week’s…
A recent report by cryptocurrency research publication Diar has revealed some interesting statistics about Bitcoin wallets and the nature of their owners. The findings show that the majority of Bitcoin is held in a small number of wallets and many of these have had no outgoing transactions even despite the 2018 bear market. Resolve Amongst…
Jack Ma, founder and CEO of Alibaba Group Holding, has said that the blockchain is meaningless if it can’t transform the manufacturing industry and society. Alibaba Jack Ma Expects Blockchain to Create a Greener, More Inclusive Society Chinese e-commerce giant Alibaba, trading at the New York Stock Exchange with a market capitalization of more than…
To honour its 10th birthday, a group of artists from around the world are putting on an art exhibition exploring the cultural impact of Bitcoin. The “Art (r)Evolution” event will take place during the last week of September and first week of October in Paris, France. Art (r)Evolution Exhibition to Explore Crypto Use Cases The…
The crypto prices have dropped once again after a wallet that has been dormant for four years sees new activity. As many are already aware, the recent events in the crypto world have had strong consequences on the prices of digital coins. Not only has the entire year been marked by a constantly bearish market,…
The recent reports regarding the crypto situation in the UK indicate that the country’s government has yet to make a formal assessment of potential consequences of the changes in the value of numerous cryptocurrencies. The Consequences of Crypto Price Swings Have yet to Be Determined As cryptocurrencies continue to expand and conquer the world of…