The National Fraud Intelligence Bureau (NFIB) in the UK has announced that they have successfully blocked 43 potential crypto phishing websites. These websites were identified as engaging in fraudulent activities, with bad actors impersonating popular blockchain-based firms. This article delves into the details of the NFIB’s findings and sheds light on the broader issue of
Blockchain
The recently published report by the Bank of International Settlements (BIS) sheds light on the potential risks and challenges that an unregulated metaverse could pose to the digital economy. BIS warns of the possibility of fragmentation and domination by powerful private firms within future virtual environments. To counter this threat, the report advocates for the
In its latest “State of Crypto Report,” Coinbase, a leading cryptocurrency exchange, emphasizes the potential of blockchain technology to save American consumers billions of dollars. The report highlights growing frustration among Americans with the current financial system, particularly regarding fees. By utilizing blockchain technology, consumers could have collectively saved a minimum of $74 billion in
Digital Currency Group (DCG), a subsidiary of Genesis, has recently opposed the bankruptcy plans put forth by Genesis, arguing that it not only violates the law but also favors a small group of creditors. DCG’s objections, outlined in a court filing on February 5, strongly express concerns about the Revised Plan submitted by Genesis. According
In a recent development, Dalle-3Han Chang-joon, the former Chief Financial Officer of Terraform Labs, has been extradited to South Korea by Montenegrin Police. This news comes after Chang-joon completed his jail term. The Ministry of Justice in South Korea made the decision to extradite him, which was confirmed in an official release by the country’s
The healthcare sector is recognizing the growing importance of advanced data management solutions to effectively manage, govern, exchange, and analyze both internal and external datasets. As data breaches continue to pose a significant threat to patient privacy, organizations are exploring innovative ways to enhance data protection. In the United States alone, 87 million patients fell
In the world of technology, the collaboration between blockchain and artificial intelligence (AI) has the potential to create a transformative impact. The combination of these two fields can lead to exciting advancements and diverse opportunities. According to a recent report from TenSquared Capital, AI can enhance the speed, efficiency, and structure of the Web3 arena
Renowned crypto influencer BitBoy, also known as Ben Armstrong, has recently made a shocking announcement regarding the end of his daily crypto show. After three years of providing valuable insights to his audience, BitBoy bid farewell to his loyal followers on January 31. This unexpected decision was attributed to his ongoing financial challenges, which have
The recent developments in the investigation of a suspected crypto fraudster in South Korea have left many questioning the integrity and competence of the prosecutors and police officers involved. The trial of one unnamed prosecutor has already commenced, shining a light on the alleged bribery and corruption surrounding the case. However, upon closer analysis, it
In a significant move towards cryptocurrency adoption, global payment giant Visa has partnered with Web3 infrastructure provider Transak. The collaboration aims to introduce a new method for exchanging cryptocurrencies for fiat currencies without relying on centralized exchanges. By leveraging Visa Direct, users can now withdraw cryptocurrencies such as Bitcoin directly from a wallet like MetaMask