Author: James Wilson
Law enforcement in Phuket has arrested four hackers suspected of orchestrating ransomware attacks on Swiss firms and stealing millions in cryptocurrency. The accused, all Russian nationals, reportedly deployed ransomware on the networks of 17 Swiss companies between April 2023 and October 2024, a Feb. 10 report from local media outlet The Nation Thailand said. For those unaware, ransomware attacks involve hackers locking up a victim’s data and demanding a payout—usually in crypto—to restore access. In this case, the hackers allegedly used the Phobos malware, the report added. The accused were reportedly part of the Russian ransomware group 8Base and were…
Nearly a third of central banks have delayed CBDC rollouts, but 75% still plan to issue one, a survey finds. A new survey from the Official Monetary and Financial Institutions Forum and Giesecke+Devrient shows that 67% of central banks haven’t changed their stance on CBDCs, even as nearly 30% have pushed back their timelines. But some hesitation is growing as15% are now less inclined to issue one, up from 0% in 2022, Reuters notes. The survey highlights a “clear hesitancy around the subject,” adding that “very few (central banks) have so far taken the decision to issue, despite a great…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum approaches $3,000 while Cardano declines and Rollblock sees a 420% surge, here’s what’s happening. Ethereum (ETH) іs pushing toward the $3,000 mark, but can іt break through? Meanwhile, Cardano(ADA) has struggled, dropping 35% іn the last 30 days as investors look for better opportunities. Meanwhile, Rollblock (RBLK) is surging 420% as its GambleFi platform gains momentum. With Ethereum aiming higher, ADA slipping, and Rollblock skyrocketing, the market is heating up. Here’s what’s happening. Rollblock is aiming for big…
BNB Chain outlines its 2025 vision, integrating AI for smart contract automation, scaling up to 100M TPS, and addressing MEV exploits with stronger security. BNB Chain has unveiled its tech roadmap for 2025, outlining plans to integrate artificial intelligence into key areas of the network while enhancing transaction speeds and security. Originally developed by Binance, the blockchain aims to reduce transaction latency to sub-second speeds, introduce gasless transactions, and scale up to process 100 million transactions per day. Alongside these upgrades, the network is also addressing long-standing security issues, particularly those related to maximal extractable value exploits. The announcement, made…
Traders who own Ethereum in their FTX holdings stand to gain back $2,500 as FTX repayments for its Bahamas creditors start this month. The FTX repayment plan, scheduled to start on Feb. 18, will repay creditors’ claims in full, including interests, through BitGo. However, customers will not be able to gain additional profit from current market prices for their FTX holdings, as the repayment plan will refund crypto holdings in accordance with November 2022 prices. This means that traders who held Bitcoin (BTC) in the now-fallen crypto exchange will only receive repayment capped at $20,000 per Bitcoin for 98% of…
In an exclusive interview with crypto.news, Bitstamp US chief executive shares his view on how MiCA could pave the way for similar regulatory frameworks in the U.S. The European Union’s landmark regulation for the increasingly high-profile crypto sector came into full force in late December 2024. The Markets in Crypto-Assets Regulation — simply known as MiCA — is a set of rules designed to regulate the crypto market across E.U. member states. For example, it requires crypto businesses to get licenses to operate throughout the E.U., sets up rules to protect consumers, and lays out how stablecoins should be issued.…
Toncoin price moved sideways after the TON Blockchain suffered a major setback last week when Tapswap selected another blockchain for its airdrop. Toncoin (TON) token was trading at $3.8515 on Tuesday, 55% below its all-time high. This decline has brought its market cap to $9.5 billion, making it the 16th largest cryptocurrency in the industry. TON faced a significant setback after Tapswap, a leading player in its tap-to-earn ecosystem, selected BSC Chain for its airdrop. In a note, the developers justified the decision by pointing to BNB’s larger ecosystem, lower transaction costs, and greater user base. DeFi Llama data shows…
The crypto space may be moving beyond speculative cycles, as Pantera Capital highlights high on-chain activity, stablecoin adoption, and improving regulatory conditions. Venture capital firm Pantera Capital suggests that the crypto industry could be entering a new phase of growth, with signs indicating a shift away from speculative cycles. In a Feb. 11 research note seen by crypto.news, the firm cited on-chain fundamentals, a more favorable regulatory landscape, and macroeconomic trends as key factors driving this change. “There’s a possibility we are moving beyond the speculative boom-and-bust cycles of the early days and are now entering a phase of mass…
Tether has announced a strategic investment in self-custodial crypto wallet Zengo to enhance the security and accessibility of blockchain tools. In a press release shared to crypto.news, Tether (USDT)’s investment aims to help Zengo Wallet further develop its blockchain-based financial tools in order to create a seamless process for Tether’s stablecoins across various major ecosystems. Through this partnership, users will have more options to securely hold and transfer their Tether tokens using Zengo’s advanced features, including built-in payment tools, cross-chain swaps, and 24-hour customer support. Tether CEO Paolo Ardoino said the investment aligns with the stablecoin firm’s commitment to empowering…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. DOGE aims for the top 5, while Lightchain AI surges, showing massive growth potential and growing investor interest. As Dogecoin (DOGE) sets its sights on breaking into the top 5 cryptocurrencies, a trending competitor is making waves with massive growth potential. Lightchain AI, a rising star in the blockchain space, is attracting investors with the potential to turn $770 into $38,500. With its blockchain and AI integration, Lightchain AI is proving to be more than just another altcoin. The…