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On August 22, 2022, an unknown hacker tried to break the NEAR/ETH Rainbow Bridge. However, the hack was blocked, protecting users' money. It also cost the criminal around 5 ETH (~$8,000).

While the overall cryptocurrency market appears to be unwaveringly bearish, some investors think the downtrend is a good time to get into the industry. UK financial giant Barclays is looking to invest in a cryptocurrency project.

Are you one of those lucky dogs who just decided to stake crypto recently and found themselves in the avalanche of crashing crypto assets? The cryptocurrency market has always been subject to high volatility, but it’s crazy how rapidly the numbers are going down each hour. Both crypto experts and newbies are following the latest news, all stunned by how drastic the changes have been lately.

Russian cryptocurrency scammers have developed a new scheme to trick citizens out of their money. They offer cryptocurrencies as gift options for holidays or birthdays. However, those who get involved in this "original" idea do not receive anything in return.

Although the Russian government has a rather ambivalent attitude towards the cryptocurrency industry in general, citizens seem to be attracted by the benefits it offers. As a result, demand for mining equipment continues to skyrocket.

The year 2022 started with a bearish trend for the entire cryptocurrency market. One bad news followed another, and all major cryptocurrencies suffered significant outflows. Meanwhile, the emerging NFT market is experiencing unprecedented growth.

On January 21, the Bank of Russia received a call from an anonymous person who reported that their premises were rigged with explosives. Among other reasons, the criminal cited the possible ban on cryptocurrencies.

An unknown investor withdrew over 6 billion rubles ($83 million) in USDT from one's Binance wallet on January 20. The transaction coincided with the renewed rumors about the ban of cryptocurrencies in Russia and the news about the test of the digital ruble.

Altcoins are struggling to recover from the downtrend. Pullbacks at recent highs have caused altcoins to fall below their moving averages.