Author: Anshul

Change Healthcare’s Costly Ransom Ordeal

More than two months into one of the most severe ransomware crises in cybersecurity history, Change Healthcare confirmed a bitter reality already evident from Bitcoin’s blockchain and security experts: it paid a ransom following a cyberattack in February. Despite this, the threat of leaking vast volumes of sensitive medical data looms large. In late February, […]

AI’s Impact on Crypto Mining Explored by Mark Cuban

Mark Cuban, the Dallas Mavericks owner and “Shark Tank” host, recently highlighted the potential impact of artificial intelligence (AI) on the cryptocurrency mining sector, particularly in the context of the upcoming bitcoin halving. Cuban emphasized the increasing difficulty for bitcoin miners to generate revenue due to the halving, which will see mining rewards decrease from […]

ZKasino’s Launch Sparks Investor Outrage

ZKasino appeared to be a typical crypto endeavor, boasting a formidable $350 million valuation following its Series A funding, bolstered by a significant $26 million investment from entities including the notable crypto exchange MEXC. Its technological foundation seemed robust, with smart contracts validated by the reputable security firm Certik, an initial review having been undertaken […]

Grayscale Launches New Low-Fee Bitcoin Mini Trust

Grayscale Investments has unveiled its latest financial innovation, the Bitcoin Mini Trust, set to be listed on the NYSE Arca with the ticker symbol BTC. This new fund emerges as a strategic manoeuvre to offer a more cost-effective investment option in the digital asset space, boasting an impressively low fee rate of just 0.15%. Introduced […]

IRS Drafts New Crypto Tax Reporting Rules

The Internal Revenue Service (IRS) has unveiled a preliminary version of Form 1099-DA, aimed at brokers and exchanges involved in digital asset transactions. This early release offers a glimpse into potential categorizations and reporting obligations for various operators within the cryptocurrency sector. The draft highlights distinct types of brokers including kiosk operators, digital asset payment […]

Runes Protocol: Navigating the New Crypto Frontier

The blockchain and cryptocurrency landscape is continually evolving, and a new chapter is unfolding with the upcoming launch of the Runes protocol. Developed by the same visionary behind Bitcoin Ordinals, Runes is setting out to challenge the established BRC-20 token standard, coinciding with the anticipated Bitcoin halving event. Since its announcement, Runes has generated significant […]

SEC Escalates Case Against Tron’s Justin Sun

The U.S. Securities and Exchange Commission (SEC) has intensified its legal actions against prominent figures in the industry. The latest development involves an amended complaint filed by the SEC against Justin Sun, the founder of Tron, asserting that Sun’s frequent travels to the U.S. bring him within the reach of U.S. jurisdiction. The complaint details […]

Binance Shifts SAFU to USDC for Stability

Major crypto exchange Binance has recently made a significant change to its Secure Asset Fund for Users (SAFU), converting the entirety of this emergency insurance reserve into USDC, the second-largest stablecoin by market capitalization after Tether. The SAFU is designed as a safety net for Binance users, providing reimbursement in the event of lost investor […]