Category Archives: Crypto News

Crypto.com finally speaks out: 483 user accounts compromised

Approximately $33.8 million in crypto assets were stolen from Crypto.com following a security breach on Monday. The Crypto.com security breach saga gets clarity with an official statement from the Singapore-based crypto exchange following a halt on withdrawals after detecting “suspicious activities” in user accounts. In a statement today, Crypto.com revealed that “4,836.26 ETH, 443.93 BTC and approximately US$66,200 in other currencies” had been taken from clients’ accounts without their permission. The overall loss is presently valued at around $33.8 million, as per the current market value. Following a […]

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Indonesian Islamic organization issues new fatwa against crypto use

The fatwa pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool as well as a medium of exchange. The Tarjih Council and the Central Executive Tajdid of Muhammadiyah, one of the largest non-government Islamic organizations in Indonesia, issued a new fatwa against cryptocurrency use, deeming it haram, or unlawful, for Muslims. The fatwa, a ruling on the point of Islamic law, was issued on Tuesday and pointed towards two critical issues with cryptocurrencies that make them illegal as an investment tool […]

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Nifty News: AMC investors get tokens, Naomi Osaka NFTs, Guy Oseary to represent World of Women

AMC dropped an NFT to its shareholders, Puppy Bowl will feature an NFT sale on Chronicle, and Naomi Osaka launched her third collection. AMC shareholders gifted free NFT The AMC movie theater chain dropped NFTs to all AMC shareholders on Tuesday. As part of the reward, AMC CEO Adam Aron tweeted that the NFT and a WAX wallet in which to hold it will be free to claim for up to a year. Emails detailing how to claim your AMC Investor Connect “I Own AMC” NFT will […]

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Union Bank of the Philippines selects Metaco and IBM to facilitate digital asset custody operati​​ons

“With the recent launch of our APAC headquarters in Singapore, we can ensure that we continue to offer best-in-class services to UnionBank and other clients in the region,” says Patrick Enjalbal, VP Customer Success managing director of Asia-Pacific region at Metaco. On Thursday, Metaco, an enterprise cryptocurrency platform for securing, trading, issuing, and managing digital assets, announced the addition of UnionBank as its latest client. Founded in 1982, UnionBank is one of the largest banks in the Philippines, with a collective $15 billion in assets under management. […]

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The SEC has issued $2.4B in crypto-related penalties since 2013

According to a new report, the SEC has launched a total of 97 actions against crypto players since 2013, 20 of which happened in 2021 alone. The Securities and Exchange Commission (SEC) has issued a total of approximately $2.35 billion in penalties against participants in the digital asset marketplace since 2013 according to a Jan 19 report by Cornerstone Research. The report, SEC Cryptocurrency Enforcement: 2021 Update, found that the SEC brought a total of 97 enforcement actions worth $2.35 billion between 2013 and the end of […]

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Multichain under fire from users as hacking losses grow to $3M

Multichain users have lost over $3 million due to an unsolved security vulnerability that appeared in six supported tokens on Jan. 17. Hackers have continued to exploit a critical vulnerability in the cross-chain router protocol (CRP) Multichain that first appeared on Jan 17. Earlier this week, Multichain urged users to revoke approvals for six tokens to protect their assets from being exploited by malicious individuals. However Multichain’s announcement on Jan. 17 encouraged more hackers to try the exploit. One stole $1.43 million, another offered to return 80% […]

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‘Less sophisticated’ malware is stealing millions: Chainalysis

Chainalysis warned that even “low-skilled cybercriminals” are using malware to swipe funds from crypto hodlers. Cryptojacking accounted for 73% of the total value received by malware related addresses between 2017 and 2021, according to a new malware report from blockchain analysis firm Chainalysis. Malware is used to conduct nefarious activity on a victim’s device such as a smartphone or PC after being downloaded without the victim’s knowledge. Malware-powered crime can be anything from information-stealing to denial-of-service (DDoS) attacks or ad fraud on a grand scale. The report […]

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Lindsay Lohan offering ‘experiential NFTs’ on Superfandom

Lindsay Lohan will join several other entertainment stars and sell experiential NFTs, as well as become an advisor to the Superfandom marketplace on the Stacks blockchain. Lindsay Lohan will issue “experiential nonfungible tokens” on the Superfandom platform.  The Hollywood star will also act as an advisor to the platform to help it attract more artists and entertainment figures. “Experiential NFTs” give fans the opportunity to interact with their favorite entertainers in real life by meeting them virtually or in person. In the case of celebrity chefs for […]

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Secret Network offers $400M in funding to bring others in on the secret

“With this funding, Secret Network and its partners aim to scale privacy-first, decentralized applications to global adoption by millions of users,” said Tor Bair, the Founder of the Secret Foundation. Secret Network is offering $400 million in funding to grow its privacy-oriented ecosystem and expand user adoption. Secret Network is a decentralized ecosystem that utilizes trusted execution environments to enable private, secure computation over encrypted data. The ecosystem has four components: Secret Tokens, Secret Bridges, Secret Finance and Secret NFTs. According to a Jan. 19 announcement, the […]

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Individual ETH miner hits jackpot with $540K block reward

An individual miner defied the odds and managed to collect 168 ETH from a solo mining pool this week worth 42 times the average block reward. An individual Ether (ETH) miner struck it big by mining a block on their own and receiving a reward valued at about $540,000.  The miner was operating through the 2miners Ethereum SOLO pool on Jan. 17 when they mined an entire block and received 168 ETH. That reward vastly outstrips the per-block average reward of about 4 ETH according to BitInfoCharts. […]

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