The FBI and Justice Department recently disrupted the activities of a hacking group that was sponsored by the North Korean government and that targeted US hospitals with ransomware, ultimately recovering half a million dollars in ransom payments and cryptocurrency, Deputy Attorney General Lisa Monaco said on Tuesday. Monaco revealed new details of the attacks during … Read more
When Doug Milnes started buying cryptocurrencies in January of this year, he felt like it could become an entirely new asset class for investors. Right now what it is making him feel is extremely unsettled. The marketing executive from Summit, New Jersey, says his holdings, including a number of different cryptocurrencies like ethereum, are down … Read more
Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment. The 56% drawdown in the biggest cryptocurrency is the largest since the third quarter of 2011, when Bitcoin was still in its infancy, data compiled by Bloomberg show. … Read more
In the history of dangerous naivety, the decentralized finance mania of 2021 will hold its own against the 2007 boom in collateralized debt obligations. It took a financial crisis for the world to wise up to CDOs, which repackaged risky mortgage bonds to make them look safer than they were. “CDOs are nothing but a … Read more
Alyssa Blackburn, a data scientist at Rice University and Baylor College of Medicine in Houston, has spent several years performing digital detective work with her trusty lab assistant, Hail Mary, a shiny black computer with orange trim. She has been collecting and analyzing leaks from the bitcoin blockchain, the immutable public ledger that has recorded … Read more
Rario and BlockTrust have signed an official licensing deal with Cricket Australia and the Australian Cricketers’ Association (ACA) that will see digital collectibles or NFTs (non-fungible tokens) from Australian cricket and play-to-earn virtual gaming made accessible to over a billion cricket fans globally. The multi-year exclusive CA/ACA partnership will introduce NFTs to cricket fans using … Read more
Individuals who had provided services to clients outside India and were paid in cryptocurrencies are rushing to their tax advisors seeking clarity over applicability of the goods and services tax (GST). Many individuals have claimed that they got paid in cryptocurrency after they did some work such as graphic designing or advisory for clients based … Read more
The growing demand for cryptocurrency and the increasing use cases that investors have noticed have compelled many of us to invest in digital assets. Large returns noticed by currencies like bitcoin and other cryptocurrencies in recent years have pumped up the demand, making the market all the more volatile. In such a market, how does … Read more
President Joe Biden on Wednesday signed an executive order on government oversight of cryptocurrency that urges the Federal Reserve to explore whether the central bank should jump in and create its own digital currency. The Biden administration views the explosive popularity of cryptocurrency as an opportunity to examine the risks and benefits of digital assets, … Read more
Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages in a central bank driven digital currency. The Minister was speaking at the India Global Forum’s annual summit here. “It was a conscious call … Read more