Security News

Scott Pape, an Australian financial educator known as the “Barefoot Investor,” has spoken out about how he took on crypto fraudsters who stole his identity to scam his followers. The Australian reported on Dec. 23 that Pape said he and his team had been reporting hundreds of fake Facebook groups that had been imitating his […]

The United States could reduce its national debt by 35% in the next 24 years if it creates a reserve of 1 million Bitcoin, in line with a bill proposed by Senator Cynthia Lummis, says asset management firm VanEck. VanEck’s estimate assumed Bitcoin BTC$94,678 will increase at a compounded annual growth rate (CAGR) of 25% to $42.3 […]

Donald Trump has appointed former college football player Bo Hines as the executive director of his incoming administration’s new “Crypto Council.” In a Dec. 22 post to his social media platform Truth Social, the United States president-elect said Bo Hines — an unsuccessful US House Republican candidate in 2022 — would become the Executive Director of the […]

The entire crypto industry faced threats of debanking under Operation Chokepoint 2.0. Jason Lau — the chief innovation officer at crypto exchange and self-custody wallet provider OKX — told Cointelegraph that fostering relationships with banks and keyholders was a hedge against debanking. Lau said the traditional financial world is heavily based on trust and that […]

Bitcoin bull Michael Saylor’s MicroStrategy has brought former Binance.US CEO Brian Brooks along with two other executives onto its board shortly after announcing its inclusion in the Nasdaq 100. Brian Brooks, Jane Dietze — who also sits on Galaxy Digital’s board — and Gregg Winiarski, chief legal officer at Fanatics Holdings, have joined MicroStrategy’s board […]

Tai Mo Shan, a subsidiary of Jump Crypto, agreed to settle with the United States Securities and Exchange Commission (SEC) for $123 million on Dec. 20 for misleading investors about the stability of the TerraUSD (UST) algorithmic stablecoin before its collapse. According to the SEC, Tai Mo Shan penned an agreement with Terraform to purchase […]

Ethereum-based non-fungible token (NFT) collections surged last week, driving the overall digital collectible weekly sales volumes to $304 million. On Dec. 21, data tracker CryptoSlam reported that Ethereum NFTs experienced a 76% week-on-week increase, reaching $201 million in sales volume. This represents 66% of all NFT sales volume over the past seven days. By comparison, […]

Google advertisements promoting digital asset exchanges and wallets in the United Kingdom must register with the country’s financial services regulator when a new Google policy update takes effect in January 2025. The search engine company said that starting on Jan. 15, 2025, advertisers offering crypto exchange products and services in the UK will be allowed to advertise […]

Decentralized applications (DApps), also known as Web3 applications, tend to be slower than their Web2 counterparts because they have to organize blockchain data from multiple sources. Maxim Legg, CEO of Pangea — a decentralized data indexing solution — told Cointelegraph that data indexing will fix the speed bottleneck for Web3 applications. Legg said data from […]

Liquidators of the bankrupt cryptocurrency exchange Cryptopia have started distributing millions to users affected by a hack that took place almost six years ago. Cryptopia’s liquidating firm, Grant Thornton, on Dec. 20 announced the start of distributions to more than 10,000 verified account holders affected by Cryptopia’s hack in 2019. Over the past two days, verified account holders […]