The Securities and Exchange Commission (SEC) chairman, Gary Gensler, is raising concerns in the cryptocurrency space with his recent online post. He has taken to social media to advise investors to exercise caution and adopt proper risk management practices when engaging with crypto assets. Gensler emphasizes that despite the hype surrounding digital assets as “new
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The Chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, has issued a warning to investors considering investing in crypto assets ahead of potential spot Bitcoin ETF approvals. In a series of tweets on January 8, 2024, Gensler emphasized the risks and volatility associated with cryptocurrencies and highlighted concerns about compliance with
The Lazarus Group, a hacking syndicate sponsored by North Korea, has recently made its largest transaction in over a month. According to blockchain analysis firm Arkham, the group transferred $1.2 million worth of cryptocurrency from a mixer to a holding wallet. The transaction involved moving the assets from a coin mixer to obfuscate the ownership
The keyless crypto wallet maker Zengo is about to embark on a daring challenge that aims to test the prowess of hackers around the world. In a blog post, the company announced the “#ZengoWalletChallenge,” where it will dare hackers to try and steal 10 BTC (approximately $420,000 USD) and a Pudgy Penguin NFT (worth around
The potential approval of a Bitcoin exchange-traded fund (ETF) has taken an interesting turn as asset manager VanEck announced its plans to donate a portion of the profits to Bitcoin core developers. This move showcases VanEck’s dedication to the long-term success of the Bitcoin ecosystem and its commitment to supporting the core developers who play
Australia’s Assistant Treasurer Stephen Jones has expressed concern over the Australian Securities Investment Commission (ASIC) for failing to issue warnings to consumers regarding the potential dangers of the HyperVerse crypto scheme. This article will delve into the reasons behind ASIC’s inaction and shed light on the implications of this oversight. Upon reviewing the recent Guardian
North Korea’s involvement in cyber theft has had a significant impact on the cryptocurrency market. In 2023, blockchain intelligence company TRM Labs revealed that over $600 million worth of crypto had been stolen by the country. However, this amount could potentially be even higher, reaching $700 million, considering additional unconfirmed hacks attributed to North Korea.
Polychain Capital, a prominent digital assets fund management company, recently experienced a security breach on the Twitter account of its CEO, Carlson Wee. In response to the hack, Polychain Capital issued a warning to users advising them not to interact with the compromised account until further notice. The incident came to light when the CEO’s
South Korea’s city of Incheon has made a powerful move against tax evasion by confiscating $375,000 worth of cryptoassets from residents attempting to hide their earnings in token wallets. This proactive measure was undertaken as part of an ongoing crackdown on crypto-holding tax evaders in various regions across the country, involving both central and local
The Ethereum Foundation recently made an exciting announcement regarding the future of the Ethereum developer conference, Devcon. Devcon 7, scheduled for November 12 to 15, 2024, will be hosted in Bangkok, Thailand. However, what sets this event apart is its expanded vision, embracing the entire Southeast Asia region as the stage for the community gathering.