Bitcoin’s birth is celebrated in October, but January marks its true introduction The original cryptocurrency has battled detractors, haters, and troublemakers since the first block of Bitcoin was mined fifteen years ago. It is now ranked as one of the top ten most valuable assets worldwide. Many celebrate the release of Bitcoin’s white paper on
Despite an increase in Bitcoin interest, there are now fewer ATMs than in January 2023 The number of established Bitcoin ATMs worldwide is approximately 11.1% fewer than at the beginning of 2023, reversing a 10-year trend in which the number increased at the onset of each year. Coin ATM Radar indicates there are 33,628 crypto
The company is no longer interested in a crypto lending revival Celsius Network was recently approved for a second exit path from bankruptcy. The cryptocurrency company has decided against a deal with the Fahrenheit consortium in exchange for becoming a Bitcoin mining company. Court documents from December 27 show that Judge Martin Glenn consented to
The exchange’s founders face charges of running an unlicensed money services company Only weeks after its co-founder arranged to disband the crypto exchange as part of his guilty plea in a Brooklyn court, Bitzlato announced it must “temporarily suspend” all Bitcoin withdrawals. In a December 27 post on its Telegram channel, the firm asserted this
The cryptocurrency ecosystem has shown progress in protecting itself from fraud and theft A shift in the online cryptocurrency trend of hacks and thefts was seen in 2023, with security firms tracking the incidents reporting a reduction in the total amount stolen as opposed to past years, but the threat remains substantial. Crypto hackers stole
Digital art continues to be profitable despite a dip in popularity Sotheby’s, one of the world’s largest art brokers and auction houses, had “close to $35 million” in digital art sales in 2023. The amount was disclosed by company vice president and head of digital art, Michael Bouhanna, who dubbed 2023 as “one of the
Scammers continue to find new ways to attack the cryptocurrency ecosystem A wallet-draining service called “MS Drainer” was recently used by scammers over the past nine months to steal about $59 million in crypto from victims, according to blockchain security firm Scam Sniffer in a December 21 report on X (formerly Twitter). The criminals used
A fake video of Ripple CEO Brad Garlinghouse is making its way across the web There’s a new cryptocurrency scam out there that is taking scams to a new level. Reddit users are talking about a deepfake video showing Ripple CEO Brad Garlinghouse requesting that XRP holders send their cryptocurrency to a specific address, with
The approval marks a huge milestone for the cryptocurrency and blockchain Cryptocurrency payments platform Ripple has achieved another regulatory landmark in Ireland, as the Central Bank of Ireland (CBI) has approved the company as a virtual asset service provider (VASP). Ripple made the announcement on December 19, saying it is now on the CBI’s list
The fine is the result of the exchange allegedly operating in the US without proper licenses A US court has ordered cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay $2.7 billion to settle claims it violated US monetary regulations. CZ must also pay $150 million to the Commodity Futures Trading Commission
The cryptocurrency exchange has failed in its attempt to have the SEC develop guidance On December 15, the US Securities and Exchange Commission (SEC) denied cryptocurrency exchange Coinbase Global’s petition to issue rules handling digital assets. Chairman Gary Gensler repeated his stance that “no further regulation is needed to oversee the crypto market.” “The current
Ledger CEO Pascal Gauthier doesn’t believe a hack on Thursday did much damage Ledger CEO Pascal Gauthier recently addressed the wallet’s December 14 hack, saying in a company blog post that it is working with authorities to “find this bad actor, bring them to justice.” He stated that the hack of Ledger’s Javascript connector library
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