Category: crypto

A phishing attack is targeting FTX creditors just before the bankrupt exchange’s payout process. Scammers are sending emails posing as FTX to steal sensitive information. Creditors are advised to verify sender addresses, check the official claims portal, and rely on FTX’s official channels for information. Repayments for small creditors are set to begin on Feb.…

In this op-ed by Debra Nita, she discusses how the next crypto breakthrough will come from simpler, more human elements like NFTs, gaming, and DeFi. Memecoins like $TRUMP and $MELANIA show that killer crypto apps tap into universal human emotions. Projects should focus on social phenomenon, simplicity, and network effects for retail adoption.

Matthew Niemerg, Co-founder of Aleph Zero, discusses the importance of privacy in business transactions, drawing parallels to the banking practices of the Medici family during the Renaissance. He argues that while transparency is essential, complete visibility on public blockchains can be detrimental to business adoption. He advocates for integrating privacy features into blockchain networks to…

Rob Viglione, CEO of Horizen Labs, discusses the importance of standards in technological innovation. The National Institute of Standards and Technology is working to standardize zero-knowledge proofs (ZKPs) by 2025. This effort will unlock new eras of growth in blockchain, finance, and identity verification, similar to the impact of HTTP on web browsing.

Bitcoin dominance is high, leading to low retail sentiment in the crypto market. Meme coin trading and scams are prevalent, causing burnout for traders. Real projects struggle to compete with pump-and-dumps. The market needs to focus on sustainable growth, support genuine projects, and weed out scams for long-term health.

Anurag Arjun, Co-Founder of Avail, discusses how modern tech platforms like Amazon succeed by breaking complex operations into specialized components during high-demand events like Black Friday. He emphasizes the importance of a microservices-style Web3 architecture for the future of business, focusing on platform independence and seamless communication between specialized services.

Solana-based memecoin launchpad Pump.fun has launched a mobile app for iOS and Android, allowing users to buy, sell, and create tokens for free, manage portfolios, and track assets. The app aims to enhance accessibility and user experience. Despite regulatory challenges, Pump.fun remains popular, generating significant transaction volumes and fee revenue.

State Senator Chris Rose introduced legislation in West Virginia to allow the treasury to invest in digital assets and precious metals to hedge against inflation. The bill would cap investments at 10% of total funds and could influence other states to follow suit. Federal policymakers are also exploring a national digital asset reserve.

Chainalysis reported that malicious actors stole $9.9 billion from the crypto ecosystem in 2021, the lowest amount since 2021. The firm expects this to rise to $12.4 billion as more fraudulent addresses are identified. AI-powered fraud techniques are driving illicit activity to unprecedented levels, with scams becoming more sophisticated and harder to detect. Scammers are…

Bybit CEO Ben Zhou announced that the crypto exchange is no longer on France’s financial regulator blacklist after over two years of compliance efforts. Bybit is now working on obtaining a Markets in Crypto-Assets Regulation license for operations in the EU. The platform is also migrating its Options platform to USDT to cater to institutional…