Crypto

Doge community follow crumbs to uncover a Ponzi scheme

5 August 2022 1

Unusual transactions on the Dogecoin blockchain led the community to a discovery of an alleged Ponzi scheme.

Fake crypto apps defraud investors to the tune of $42.7m

19 July 2022

More than two hundred victims have been scammed out of millions of dollars by fraudulent apps offering bogus investment schemes in cryptocurrency, the FBI has warned.

World’s largest NFT marketplace cuts 20% of its staff

by Jurgita Lapienytė

15 November 2023

Non-fungible token (NFT) marketplace OpenSea has fired 20% of its workforce to reduce costs.

North Korea suspected to be behind the $100m Harmony hack

by Vilius Petkauskas

30 June 2022

Lazarus Group hackers were likely responsible for stealing $100m worth of crypto via Harmony's Horizon bridge. The same group stole $620 million worth of crypto from the Ronin exchange in March.

QAnon cryptocurrency scam defrauds victims of millions

by Justinas Vainilavičius

21 June 2022

QAnon-affiliated Telegram channels were reportedly used to swindle followers out of millions of dollars via cryptocurrency scams.

Coinbase to fire 1,100 employees amid crypto crash

by Jurgita Lapienytė

14 June 2022

Cryptocurrency exchange platform Coinbase will slash approximately 18% of its global workforce.

Crypto traders call for compensation

by Damien Black

18 May 2022

With Coinbase users recently locked out of their accounts by a power outage and left unable to trade, investors are calling for the cryptocurrency industry to start reimbursing them when things go wrong, says a report by insurance firm Parametrix.

Computer screen showing different cryptocurrencies trading

How much are you willing to spend not to be homeless in the metaverse?

by Jurgita Lapienytė

29 March 2022

I don't need to own land in the metaverse to explore its games, events, and other attractions. But many people choose to buy digital real estate, whether to grow their business or host private events.

Why it took this Obama artist nine months to debut his NFT

by Jurgita Lapienytė

15 November 2023

While some opportunists are jumping on the NFT train for a quick cash grab, creators like Paul Gerben see a long-term value in token-based art, pushing technology providers towards more sustainable solutions.

Putin’s crypto war chest? US Senate points to DeFi hole in Western sanctions

by Damien Black

23 March 2022

The US Senate has expressed grave concerns that the cryptocurrency market could hinder efforts to stifle Russia’s economy in the wake of its invasion of Ukraine, in an open letter to the Treasury.

Chest in shadowy light with Bitcoins spilling from it

Russians spooked by sanctions turn to crypto

by Damien Black

2 March 2022

As the ruble plunges to record lows amid swingeing sanctions imposed on Russia by the West, ordinary citizens are forsaking the national currency for a stablecoin currency pegged to the US dollar.

Paris to host Europe’s largest NFT-focused event

by Jurgita Lapienytė

9 March 2022

Crypto, NFTs, and metaverse are the latest buzzwords, and companies worldwide are looking for ways to tap the market.

More NFT pain as cyber crooks steal $1.7m in tokens from OpenSea

by Damien Black

21 February 2022

Fraudsters made another haul on Saturday when they stole 254 NFTs from the platform, including those issued by Decentraland and Bored Ape Yacht Club, according to blockchain security firm PeckShield.

Placard bearing NFT symbols on top of pile of US dollars

US Congress targets bad actors on the crypto stage – but is it savvy enough to catch them?

by Damien Black

11 February 2022

With nearly three dozen bills addressing blockchain and cryptocurrency proposed in the past year alone, the US government appears to be making strides towards regulating the technology – but a congressman has admitted that nine in ten of his colleagues probably do not even understand how it works.