Kaspersky report on crypto-related topics
2 months ago 1 min read

Crypto-related cybercrime will not slow down in 2023, but will shift away from Bitcoin as a payment method: Kaspersky

According to the cybersecurity firm Kaspersky, crypto-related cybercrime will not slow down in 2023, but it will shift away from Bitcoin as a payment method. Bitcoin (BTC) is expected to become a less appealing payment option for cybercriminals as regulations and tracking technologies improve, limiting their ability to move funds safely. In a November 22 report, cybersecurity firm Kaspersky stated that ransomware negotiations and payments would rely less on Bitcoin as a means of transferring value as increased digital asset regulations and tracking technologies force cybercriminals to shift away from Bitcoin and toward other methods. In addition, Kaspersky noted that

Bo Shen, a founding partner at Fenbushi Capital
2 months ago 1 min read

Bo Shen, a partner at Fenbushi Capital loses $42 million worth of crypto to hacker

Bo Shen, a crypto venture capitalist, said his Ethereum wallet was emptied for $42 million. Bo Shen, a founding partner at Fenbushi Capital, stated that his private crypto wallet was hacked on November 10, resulting in a $42 million loss of various crypto assets. The stablecoin USDC was used to purchase the majority of the tokens, totaling $38 million. According to on-chain data from the wallet, the remaining stolen assets included tether (USDT), uniswap (UNI), reputation (REP), and liquity (LQTY) tokens. Shen stated that he reported the exploit to the appropriate law enforcement agencies. He clarified that the stolen assets

SBF FTX apologizes to FTX employes
2 months ago 3 mins read

FTX founder SBF explains why the crypto exchange failed in a new letter

FTX founder and former CEO Sam Bankman-Fried apologized to his former colleagues and explained why the crypto exchange failed in a new letter. According to the letter, which was sent on Tuesday and reviewed by The Block, a series of events led to the demise of FTX. It began with the market’s crash in the spring, followed by credit “drying up,” and ended with customers withdrawing their funds in large numbers, according to SBF. To compound matters, FTX’s poor margin management and risk controls eventually led to the company filing for bankruptcy, according to the letter. After that, SBF apologized

DMG Blockchain Solutions Inc
2 months ago 9 mins read

DMG Blockchain Solutions Announces New Client Access to Bosonic’s Crypto Exchange, $1M Debt Raise, CEO Share Purchases, Upcoming Investor Events

Highlights VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) — DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces it has opened access to the Bosonic Network for Terra Pool members. With the Bosonic multi-custodial blockchain-based solution, the only such solution in the market where client assets are held in the client’s own account at a regulated custodian and not an exchange. Due to the nature of Bosonic’s multi-custodial blockchain based solution, clients do not run into the pitfalls and risks that traditional cryptocurrency exchanges hold.

2 months ago 3 mins read

UNS DIGITAL TECHNOLOGIES Introduces UNS Token to Get Passive Income for Users

NEW YORK, NY, Nov. 22, 2022 (GLOBE NEWSWIRE) — UNS DIGITAL TECHNOLOGIES, a private company registered in India and Singapore, is proud to announce the launch of its UNS Token, which will help users get passive income from agriculture, education, energy and healthcare sectors. UNS Token, a Multi-Sector Utility BEP20 Token that enables in connecting real-life utilities to the digital world, is focused on building partnerships with various organizations specifically in essential sectors: Early investors may have the opportunity to participate in the pre-sale of $UNS tokens before listing on crypto exchanges. $UNS Token is built on Binance Blockchain and

CoinMarketCap proof of reserve
2 months ago 1 min read

CoinMarketCap has released a proof-of-reserve tracker for crypto exchanges

CoinMarketCap (CMC), one of the world’s leading cryptocurrency price tracking websites, has added a proof-of-reserve feature for centralized crypto exchanges in an effort to increase transparency for crypto participants. Currently, the data is available for seven centralized cryptocurrency exchanges, including Binance, KuCoin, and Bitfinex. The proof-of-reserve tracker shows the types of tokens in which the reserves are held, as well as the addresses, balances, and values of assets in the associated wallets. The full value of the reserves is also disclosed, as is a percentage breakdown of the exchange’s various assets held in reserve. CMC obtains data from Nansen, DefiLlama,

Rockstar Games, the creator of Grand Theft Auto
2 months ago 2 mins read

Rockstar Games, the creators of Grand Theft Auto, has banned NFTs on third-party servers

Rockstar Games, the creator of Grand Theft Auto, announced that developers cannot integrate cryptocurrencies or crypto assets such as NFTs. The new rules are aimed specifically at role-playing servers. Consider them spin-offs of the original GTA 5, created by fans and developers rather than Rockstar Games. They expand on what players can do in the standard game by allowing them to play as normally unplayable characters such as cops, judges, or taxi drivers. Despite the new restrictions, the company stated that it continues to support these servers. It also prohibited the importation or misuse of other intellectual property in the reports
2 months ago 9 mins read

The Global Web 3.0 Blockchain Market size is expected to reach $12.5 billion by 2028, rising at a market growth of 38.2% CAGR during the forecast period

New York, Nov. 22, 2022 (GLOBE NEWSWIRE) — announces the release of the report “Global Web 3.0 Blockchain Market Size, Share & Industry Trends Analysis Report By Application, By Blockchain Type, End Use, By Regional Outlook and Forecast, 2022 – 2028” – 1.0, or the initial version of the internet, was a simple read-only version. It did not provide users with much capability or flexibility. Users were only permitted to read content from the websites. The second-gen of the internet, or Web 2.0, as well as the current stage of the internet, allowed for a bit more flexibility. Web

COO of DeSo Salil Shah
2 months ago 3 mins read

Decentralized Social Names Former Meta Exec as COO

Los Angeles, California, 22nd November, 2022, Chainwire Salil Shah joins DeSo after holding exec roles at Meta and Pinterest, most recently leading global go-to-market for Meta Fintech Key Takeaways DeSo is the first layer-1 blockchain capable of supporting content-rich social applications, and has raised over $200 million in funding from Sequoia, Andreesen Horowitz, Coinbase, CAA, and others. DeSo is well positioned to power next-generation web3 apps that give more ownership, transparency, and control to both creators and their fans. After years spent building the category-defining technology underlying the platform, DeSo has now hired Salil Shah to scale the business.  Shah has deep experience in business development,

WAHED Announces Strategic Partnership With The Creator’s Group
2 months ago 4 mins read

WAHED Announces Strategic Partnership With The Creator’s Group

Cranfield, England, 21st November, 2022, Chainwire WAHED is delighted to announce a brand new partnership with Creator’s Group. Bringing years of experience in the real estate and property management sector, the Creators Group can look forward to enjoying a number of advantages that the blockchain can add to this industry.  Established by CEO Eng. Ali Al Salman in Riyadh, Saudi Arabia in 2016, Creators Group has established itself as a leader both in local markets and overseas. Serving the best interests of investors, homeowners, corporate clients, developers and landlords, the Creator’s group streamlines investment activities for all those looking to

Zonda Slashes Makeror Taker Fees by 50% Across All Markets From November 22-29
2 months ago 2 mins read

Zonda Slashes Maker/Taker Fees by 50% Across All Markets From November 22-29

Tallinn, Estonia, 22nd November, 2022, Chainwire Zonda, the leading cryptocurrency in Eastern Europe, will slash maker and taker fees by 50% for one week. Zonda is the largest cryptocurrency exchange in Eastern Europe. It serves dozens of cryptocurrencies and continues to make inroads across Central Europe.  Part of the Zonda growth plan is increasing the user base and the upcoming 50% reduction in maker/taker fees is part of that strategy. Users will pay less to complete trades on the platform, allowing them to use their capital more efficiently. The 50% reduction goes into effect on November 22, 2022, at 12:00

AAG, developers of the new user focused digital wallet MetaOne®, has tapped Simplex to integrate convenient fiat on-ramps into its product.
2 months ago 4 mins read

AAG Partners With Simplex To Bring Fiat On-ramping To MetaOne Wallet

SG, Singapore, 22nd November, 2022, Chainwire AAG, developers of the new user focused digital wallet MetaOne®, has tapped Simplex to integrate convenient fiat on-ramps into its product. Through this collaboration, MetaOne® users, many who never previously owned cryptocurrency, can seamlessly and safely acquire digital assets all within the wallet. Every user of the MetaOne wallet will have the ability to purchase supported cryptocurrencies. MetaOne® is a digital and unique crypto wallet built by AAG that suits the needs of novices and experienced users. There is a substantial emphasis on security, safety, and efficiency, without compromising convenience. Integrating Simplex’s payment solutions into MetaOne®