Day: November 8, 2024

Detroit Embraces Crypto for Tax Payments

In a groundbreaking move, Detroit is set to become the largest U.S. city to accept cryptocurrency for tax and fee payments. A pioneering step in municipal finance aimed at bolstering economic growth and establishing the city as a technology-forward hub. Starting mid-2025. Residents will be able to use popular cryptocurrencies like Bitcoin and Ethereum to […]

North Korea’s ‘Hidden Risk’ Hits Crypto Firms

North Korean hackers have escalated their cyber warfare tactics with a fresh campaign targeting the crypto industry. Named ‘Hidden Risk,’ this latest effort from the notorious Lazarus Group subgroup, BlueNoroff, involves malware cleverly camouflaged as legitimate documents. This tactic is part of a larger plan to siphon funds from the booming $2.6 trillion crypto sector, […]

Crypto Exec’s Abduction Sparks Security Concerns

The crypto world faced a chilling reminder of its unique dangers with the recent abduction of Dean Skurka, CEO of WonderFi Technologies, a Toronto-based cryptocurrency firm. On Wednesday evening, in the bustling heart of Toronto. Skurka was forcibly taken near University Avenue and Richmond Street during rush hour. The kidnappers, demanding a ransom of $720,000 […]

Solana Hits $200 as Trump Win Fuels Crypto Rally

Solana (SOL) has surged past $200 for the first time since April. Igniting excitement throughout the crypto market. This milestone, which has catapulted Solana’s market cap to an impressive $95 billion, came swiftly on the heels of Donald Trump’s U.S. Presidential election win. Fueling green candles across the industry. The combination of Trump’s pro-crypto stance […]

BlackRock’s Bitcoin ETF Breaks Inflow Record

BlackRock’s iShares Bitcoin Trust (IBIT) broke its daily inflow record on Thursday, pulling in $1.12 billion as demand surges for U.S. spot Bitcoin exchange-traded funds. This milestone tops its prior record set just days earlier on October 30, which saw $872 million in inflows, according to SoSoValue data. As the world’s largest asset manager, BlackRock […]