Report

Cryptocurrency Fraud Canada up 400%: 5 Tips for Users to Become Less Vulnerable
Apr 01, 2021 at 13:03
News
Cryptocurrency Fraud Canada up 400%: 5 Tips for Users to Become Less Vulnerable
Bitcoin adoption is growing dramatically in Canada, but the rate of cryptocurrency fraud is also increasing at a worrying speed. Between 2017 to 2020, digital currency-related fraud in Canada rose by about 400%, as per the report by RCMP.
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Feb 15, 2021 at 12:58
News
Kenya’s Central Bank Decides to Use Bitcoin to Improve Economic Performance: Will this Yield Results?
Kenya, through its central bank, has lately announced a controversial move to employ bitcoin as a reserve currency in a bid to improve the country’s economic performance. However, whether or not this shift will serve the intended purpose remains a matter of debate.
Nuclear Weapons and Ballistic Missile Programs Get Funding from Cryptocurrency Stolen by North Korean Hackers
Feb 14, 2021 at 15:18
News
Nuclear Weapons and Ballistic Missile Programs Get Funding from Cryptocurrency Stolen by North Korean Hackers
Criminals commonly use cryptocurrency to carry out illicit activities such as money laundering, funding terrorism activities, buying and selling narcotics and many others. According to the new report by the UN, hackers have been attacking exchanges to steal the cryptocurrency and then use it to fund nuclear weapons development. North Korea is leading the game.
Scammers Won’t Rest in 2021: Authorities Expose Several Schemes
Jan 18, 2021 at 15:16
News
Scammers Won’t Rest in 2021: Authorities Expose Several Schemes
Several cryptocurrency scams have been exposed since the beginning of 2021 and the legal actions have been taken by authorities. A lot of cryptocurrency scams normally appear as online chain referral schemes, high-return investments, or Ponzi-schemes.
Venezuelans Tend to Trust in Bitcoin More than in Bolivar or Petro
Dec 17, 2020 at 10:10
News
Venezuelans Tend to Trust in Bitcoin More than in Bolivar or Petro
Venezuela is amidst one of the toughest economic recessions in the country’s history. To reinforce their standing, its citizens turn to Bitcoin. The flagship cryptocurrency tends to be more stable than the Bolivar, or the Petro, an oil-backed crypto issued by the Venezuelan government.
Blockchain Poised to Create $1.76 Trillion Worth of Global Economy by 2030
Oct 20, 2020 at 14:42
News
Blockchain Poised to Create $1.76 Trillion Worth of Global Economy by 2030
According to the recent report by PwC, a global audit and consulting network, Blockchain has what it takes to add $1.76 trillion to global gross domestic product (GDP) by 2030. But what is the basis of these ambitious projections? Are these numbers practical or far from reality?
Bank of Russia Confirms its Study on Digital Ruble
Oct 15, 2020 at 13:56
News
Bank of Russia Confirms its Study on Digital Ruble
The digital ruble should become the digital currency of the Russian Central Bank, and have all the necessary to perform the functions of money, stated the regulator in its latest report.
Ukraine and Russia at the Forefront of Embracing Cryptocurrency
Sep 17, 2020 at 13:30
News
Ukraine and Russia at the Forefront of Embracing Cryptocurrency
Eastern European countries are topping the list in cryptoasset adoption speed. Particularly, Ukraine and Russia have topped others because they have unduly intensive cryptocurrency usage. This shows that a bigger ration of nationals has moved away from traditional monetary activity to cryptoassets.
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Aug 26, 2020 at 14:53
News
Binance Fails to Prevent Hackers from Laundering Stolen Cryptocurrency Funds
Hackers use Binance cryptocurrency exchange to launder stolen money. As per the report by the federal Bureau of Investigation (FBI), a principal federal law enforcement agency, ransomware dubbed Ryuk has been used since its creation in 2018 to steal cryptocurrency worth $61 million.
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