Despite the security offered by blockchain technology, hackers continue to look for loopholes to use. As a result, several blockchain systems have been victims of cyber attacks. According to a report, China is the latest victim of such an attack. The country has experienced the most prominent data theft in history. The Chinese authorities have…
In the latest regulatory action, the US CFTC (Commodity Futures Trading Commission) has taken a South African citizen to court. This was after he carried out the largest fraud involving BTC. The agency wants a permanent trading and registration ban against the parties involved. It also seeks civil monetary sanctions against Steynberg and the other…
According to reports, Tether short-sellers have increased over the past week. Also, more investors continue to dump liquidity despite Tether’s report that its reserves are backed. Furthermore, most crypto investors moved their assets to stablecoin after the fall of BTC. This was because of the stability that stablecoins offer. However, the recent de-pegging of the…
According to Zac, CEO of BlockFi, the cryptocurrency lending platform has modified its services. It has increased its deposit rates and removed the one free-fee monthly withdrawal. This announcement comes after the firm secured a loan of $250 million from FTX. Also, the firm had laid off over 20% of its employees due to the…