Day: October 8, 2023

Crypto Scams in 2023: Ransomware and Blackmail Take the Lead

The allure of cryptocurrencies has been undeniable, offering a revolutionary approach to finance and transactions. However, with innovation comes the inevitable dark side, and in the crypto realm, scams have become a significant concern. Recent research by Chainanalysis reveals that while crypto scam revenue saw a decline in the first half of 2023, ransomware attacks […]

Komainu Secures FCA Approval, Expanding Crypto Custody Services in the UK

Komainu, a leading cryptocurrency custody firm co-founded by CoinShares, has achieved a significant milestone by obtaining regulatory approval from the Financial Conduct Authority (FCA) in the United Kingdom. This green light, announced on Oct. 6, allows Komainu to officially register as a custodian wallet provider, adhering to the Money Laundering, Terrorist Financing, and Transfer of […]

Uranium as Stablecoin Collateral? MakerDAO’s Bold Proposal

MakerDAO’s latest proposal is raising eyebrows. The “Endgame Plan” has taken an unexpected turn with the introduction of tokenized uranium as potential collateral for the DAI stablecoin. Uranium, a radioactive element, has been gaining traction as nations revisit their nuclear energy strategies or devise new ones to revamp their power infrastructure. The proposal by Uranium3o8 […]

HTX Recovers Nearly All Stolen ETH in Unprecedented Move

In a rare turn of events in the cryptocurrency realm, HTX, previously known as Huobi, has successfully reclaimed 4,999 ETH out of the 5,000 ETH stolen from its hot wallet. The incident, which transpired on September 24, saw hackers pilfering ETH equivalent to $8 million. However, HTX’s swift identification of the perpetrators and its subsequent […]

NFT-Funded Film “The Quiet Maid” Secures Global Sales Agreement

In a groundbreaking move for the film industry, “The Quiet Maid,” a movie funded through the sale of NFTs, has successfully landed a global sales deal. The film, a poignant social satire previously known as “Calladita,” is the brainchild of Spanish director Miguel Faus. Recently, the world sales rights for the film were acquired by […]

How the NFT market peaks and bottoms differently from the rest of the industry

Cryptocurrencies and NFTs are evolving and carving out distinct niches, prompting a closer look at their diverging paths and the emerging trends in the digital financial landscape. Image: AI-generated via Midjourney Cryptocurrencies and non-fungible tokens (NFTs) are deeply interconnected. In its nascent stages, the NFT market was essentially a subordinate to the broader cryptocurrency domain. […]

NFT creator wins multimillion-dollar lawsuit

NFT creator wins multimillion-dollar lawsuit, paving ways for other artists to ‘stand up for themselves’ If you’re feeling unseen because you are not doing what others in society are expecting you to do, whether socializing on the weekends, or figuring out life as an adult, that’s where Danny Casale’s art comes to the rescue. Reaching […]

Bitcoin Edges Towards $28,000 Amid Global Uncertainties

Bitcoin (BTC) maintained its push towards the crucial $28,000 mark as the October 8 weekly close approached, with geopolitical developments causing a stir among traders. A glance at the BTC/USD 1-hour chart, as displayed on TradingView, provides a more detailed look. Bitcoin’s Steady Climb Amid Market Fluctuations Recent data, including insights from TradingView, indicates that […]