Security News

The United States Federal Trade Commission (FTC) has reported a 10-fold rise in scams involving Bitcoin ATMs since 2020, with fraudsters exploiting anonymity and the speed of cryptocurrency transactions. These scams often involve malicious actors convincing victims to unwittingly transfer their funds via Bitcoin ATMs under false pretenses. According to FTC data, losses from Bitcoin ATM […]

Japan’s financial regulator has released plans for a comprehensive overhaul of the tax code for fiscal year 2025, including provisions for crypto assets that could lower their tax rate. In the Aug. 30 request for tax reform, Japan’s Financial Services Agency (FSA) highlighted crypto assets, pushing for them to be treated like traditional financial assets that the public can […]

South Korea’s financial regulator, the Financial Supervisory Service (FSS), will reportedly begin inspecting virtual asset exchanges for any suspicious or illegal transactions. The FSS will enforce market order with strict punishments for illegal activities found during inspections and will advocate for regulatory revisions if needed to address system deficiencies, a local news media reported, quoting the regulator. […]

Cryptocurrency phishing attacks surged by over 215% in August, driven partly by a significant single attack resulting in losses exceeding $55 million. Crypto phishing attacks involve hackers sharing fraudulent links with victims to steal sensitive information, such as crypto wallet private keys. Crypto phishing attacks cost the industry over $66 million in August, according to a Sept. […]

South Korean authorities are reportedly investigating the Telegram messenger over alleged crimes involving illicit content on the platform. The Seoul Metropolitan Police Agency has launched a preliminary investigation into Telegram over allegations of “abetting deepfake sex crimes,” the local news agency Yonhap News reported on Sept. 3. According to Woo Jong-soo, head of South Korea’s National Office […]

It’s no secret that the race is on to create the most powerful artificial intelligence models, and over the weekend, billionaire Elon Musk, owner of the social media platform X, surged into the lead. On Sept. 2, Musk posted that his team at xAI — his AI development and research company — has brought its Colossus […]

Binance executive and former United States federal agent Tigran Gambaryan’s legal trial in Nigeria has been moved to Sept. 2 as the crypto industry awaits an outcome with bated breath. Gambaryan’s latest court hearing is set to commence later today. The Binance executive was arrested in Nigeria in February 2024 for charges related to money […]

Non-fungible tokens (NFTs) sales recorded a $374 million monthly volume in August, continuing a downward trend and recording its lowest monthly sales in 2024. This marks the first time digital collectibles recorded a volume below $400 million this year. NFTs’ highest monthly sales versus lowest monthly sales in 2024. Source: CryptoSlam Data from NFT tracker […]

After seeing the largest multi-week inflows in recent months, cryptocurrency investment products are back to seeing major outflows amid strong economic reports in the United States. Digital asset investment products saw outflows totaling $305 million last week, driven by “stronger-than-expected economic data” in the US, CoinShares stated in its latest digital asset fund flows report published on Sept. 2. […]

Ethereum co-founder Vitalik Buterin recently shared an innovative blueprint for a city that would be built on as a hybrid enveloping the principles of democracy, capitalism, and decentralization. His commentary came during replies to a post on Farcaster, the cryptocurrency luminary’s social media platform of choice. Source: Vitalik Buterin. For-profit cities The topic at hand was […]