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Bear Market Drives Global Crypto Jacking Volume, SonicWall Report Finds

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Per a report from security firm SonicWall, Crypto jacking has been soaring in 2022. This trend has been unaffected and probably has been boosted by the bearish price action recorded across the digital asset industry.

Related Reading | Binance CEO Sues Bloomberg Subsidiary For Publishing Defamatory Article

According to the definition of Crypto-Jacking by cyber security oriented website Cyberpunk:

(This) is an unauthorized use of someone else’s computer, tables, mobile phone or connected devices to mine cryptocurrency. Simple as that.

The report claims that global cryptojacking volumes increased by 66.7 million hits in the first half of 2022. This represents a 30% increase when compared to its 2021 levels over the same period.  Read more...

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Cryptoradar Finds Best Prices Across Exchanges and Brokers

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Cryptoradar Finds Best Prices Across Exchanges and Brokers

When you want to buy or sell digital coins, a service called Cryptoradar can help you find the best prices across multiple trading platforms. The website tracks cryptocurrency exchanges and brokers and offers several optimal choices depending on your location.

Also read: Check If Your Market Predictions Are Right With Sparkprofit

Traders Can Select Exchanges Based on Their Features

Cryptoradar.co has a variety of filtering options. Users can pick a digital asset exchange, a crypto broker, or a P2P platform based, for example, on supported payment methods like bank transfer including Sepa, Visa and Mastercard, and payment processors like Paypal and Skrill.  Read more...

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Study Finds Three Quarters of Attendees at Crypto Events Are Male

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Study Finds Three Quarters of Attendees at Crypto Events Are Male

A recently released report confirms a well-known observation – crypto-focused events are still largely male-dominated, not only in terms of registrants in general but also speakers. According to another finding, almost half of the attendees at the studied forums came from the U.S.  

Also read: Crypto Mining Could Bring Russia $ 1B in Taxes, Report Suggests

Crypto Industry Events Remain Male-Dominated

The research conducted by event software platform Bizzabo covers 100 conferences across 15 countries. These are all events visited by professionals from the crypto industry and related sectors who want to stay informed about the latest developments in the crypto space.  Read more...

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BP Finds a Billion Barrels of Oil, Analysts Say Shares are a ‘Buy’

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Using advanced technology, BP has discovered new oil reserves in the Gulf of Mexico. Many analysts are showing confidence in the stock and Goldman Sachs has reissued its “buy” rating for BP shares. BP Finds New Oil in Thunder Horse Fields Revealed today, BP has found 1 billion more barrels of crude oil at an

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South Korea: Dangerous Precedent Set – Court Finds Bithumb Not Financially Responsible for Crypto Exchange Hack

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A South Korean court has acquitted Bithumb from all wrongdoings after the company was accused by one of its clients in a hacking incident that saw the customer lose thousands of dollars, according to a report filed earlier this week, in the Korea Economic Daily. The customer who brought the lawsuit against the exchange was

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Bitcoin Price Finds Bears Near $4,200, At Last Leg Before Breakdown

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Bitcoin price on Wednesday traded inside a narrow session range as the market assessed the bearish correction of the previous day. The Bitcoin/Dollar rate started the trading session with a jump towards $ 3,850 but rejected extended upside targets in a pullback action that stretched to as low as $ 3,686. Before the European session matured, the

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Private Blockchains Have Few Applications, Study Finds

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Private Blockchains Have Few Applications, Study Finds

Despite all efforts, so far businesses haven’t been able to come up with significant applications for private, centralized blockchains as opposed to public distributed ledgers, a new study shows. According to the authors, in most cases corporate blockchain networks are used mainly for database verification and transactions auditing.

Also read: Poll Shows 13% of Russians Use Cryptocurrency for Online Purchases  Read more...

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Irish Court Finds Silk Road Dealer’s ETH to Be Proceed of Crime

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The High Court of Ireland has ruled that 25,000 euros (approximately $ 28,400) worth of ethereum held by Neil Mannion, a 37-year-old man currently serving out a prison sentence for drug offenses, comprise proceeds of crime.

Also Read: Google AI Briefly Describes Bitcoin as ‘Collapsed Economic Bubble’

Irish High Court Rules Crypto Comprises Proceed of Crime

Irish Court Finds Silk Road Dealer's ETH to be Proceed of CrimeIn what has been described by Irish media as a case that has “broke[n] new ground,” the High Court of Ireland has found cryptocurrency to comprise a “crime proceed.”  Read more...

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Report: Troubled Crypto Exchange Wex Finds New Owner

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Report: Troubled Crypto Exchange Wex Finds New Owner

Cryptocurrency exchange Wex, successor of the infamous BTC-e, has a new owner. Dmitry Havchenko, a former Ukrainian entrepreneur turned separatist fighter, has reportedly bought the coin trading platform through a family member. He now wants to restore it and also to track down the lost “Vinnik’s treasure.”

Also read: BTC-e Operator Alexander Vinnik to Go on Hunger Strike, Lawyer Says

Wex Sold to Former Pro-Russian Fighter in Ukraine

Wex’s operator, Singapore-based World Exchange Services, has been officially acquired by Havchenko’s daughter, 29-year-old Darya, BBC Russian Service reported. Local authorities did not allow her father to register the company under his name, probably because of his participation in the armed conflict in the region of Donbass.  Read more...

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Study Finds ‘Promising’ Crypto Workarounds to Europe’s GDPR Regulation

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A joint study between Queen Mary University of London and the University of Cambridge concluded that, whilst challenging, it is theoretically possible for organizations to design blockchain applications that fully comply with recently implemented EU ‘General Data Protection Regulation’. The research was published in the ‘Richmond Journal of Law and Technology’ and cited challenges such

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Bitcoin Finds Stability at $6,400: Will BTC Fail to Recover by 2018’s End?

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Over the past 11 days, the Bitcoin price has remained stable in the range of $ 6,300 to $ 6,500, struggling to initiate a major movement on the upside. The volume of Bitcoin has declined substantially over the last 72 hours from $ 3.6 billion to $ 3.1 billion on CoinMarketCap, by nearly 20 percent. Trading activity in the

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Cryptocurrency Exchanges Lost $882 Million to Hackers in Two Years, Report Finds

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Cryptocurrency Exchanges Lost $ 882 Million to Hackers in Two Years, Report Finds

A recent report by cybersecurity company found that over the past two years cryptocurrency exchanges have lost $ 882 million to hackers. The report also warns that the trend is likely to increase in the future as hackers direct more of their attention to exchanges.

$ 1.3 Million Lost Every Day

Moscow-based cybersecurity company Group-IB has released a report on the hacker attacks against cryptocurrency exchanges in the last two years, indicating that $ 882 million have been lost in damages. If we break this down to a daily average, we’ll see that over $ 1.3 million are lost to hackers every day.  Read more...

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Majority of Crypto Assets Are Highly Centralized, Research Finds

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Majority of Crypto Assets Are Actually Centralized, New Research Finds

One of the central pillars of Bitcoin and cryptocurrency in general is that the system is decentralized, ensuring no single point of failure for adversaries to attack. However, new research has found the majority of assets in the ecosystem today to be highly centralized.

Also Read: Crypto Hedge Fund Launches Retail Public Offering in Japan

Taxonomy Report Reveals a Concentration of Crypto Power

Cryptocompare, the cryptocurrency market data aggregator, has published a Cryptoasset Taxonomy Report. The nearly 80-page document is designed to provide investors, regulators and the industry with an independent classification of coins and tokens to help differentiate from a long list of ever-growing options.  Read more...

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Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility

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Chainalysis Finds That Bitcoin Whales Are Not the Sole Source of Market Volatility

Data from a detailed Chainalysis study found that Bitcoin whales may actually function as a stabilizing force in the market.

Who’s in Charge of the Market?

A newly published study from Chainalysis makes a strong case that Bitcoin (BTC) 00 whales are not the shadowy culprits behind the notorious volatility associated with Bitcoin and the wider cryptocurrency market. The blockchain research firm reached this conclusion by analyzing 32 of the largest bitcoin wallets, which contain a total of 1 million bitcoin worth nearly $ 6.3 billion.  Read more...

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European Banks Facilitated Large Crypto-Fiat Deals, Probe Finds

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European Banks Facilitated Large Crypto-Fiat Deals, Probe Finds

Several financial institutions in Europe, like Danske Bank and Swedbank, have been mentioned in a Lithuanian report investigating large-scale crypto-fiat transactions that took place in the past two years. Some of the banks’ clients traded digital coins worth millions of euros and the Baltic nation’s financial crime combating agency wants to know where the first million came from. Many of the speculators are Lithuanian taxpayers.

Also read: Nordic Region’s Largest Bank Nordea Suspected of Money Laundering  Read more...

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Study Finds Growing Number of BATMs in Belgium and the Netherlands

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Study Finds Growing Number of BATMs in Belgium and the Netherlands

The number of cryptocurrency ATMs in Belgium and the Netherlands is growing, according to newly released data. Amsterdam is leading among major cities in the Benelux region, with 12 machines supporting digital coin transactions. Luxembourg, which is a global center of traditional finances, is lagging behind in terms of available crypto teller services.       

Also read: A Guide to Building Your Own Crypto Mining Rig  Read more...

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Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin

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Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin

CSIRO, Australia’s National Science Agency, in partnership with Sydney University have revealed that, through using the Amazon Cloud, the pair have managed to achieve a blockchain transaction settling time of 30,000 transactions per second. Bearing in mind that Bitcoin can settle around 8 transactions per second and that Ethereum can achieve around 15 transactions per second, CSIRO’s findings are actually quite significant.

According to CSIRO, this came about through an experiment on the Amazon Web Services AWS cloud infrastructure.

Continue reading Amazon Cloud Blockchain Test Finds Its Way Faster Than Bitcoin at Crypto Daily™.  Read more...

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Study Finds “No Evidence” of USDT Price Manipulation

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Study Finds “No Evidence” of USDT Price Manipulation

A study examining the widely suspected correlation between Tether issuance and BTC price movement, undertaken by Wang Chun Wei and published by the University of Queensland, has found that USDT grants do not have a “statistically significant” effect on price fluctuations. Despite refuting the correlation between price fluctuations and Tether grants, the study notes a “positive relationship” between USDT issuance and “increased crypto-trading the following day.”

Also Read: China During Crypto Ban: One Woman Tries to Live on Bitcoin   Read more...

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Cardano (ADA) Makes A Bullish Comeback As Price Finds Bottom Against Bitcoin (BTC)

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Cardano (ADA) Makes A Bullish Comeback As Price Finds Bottom Against Bitcoin (BTC)

Cardano (ADA) has finally touched the bottom of the pitchfork formation it has been trading in. The above chart for ADA/BTC on the daily time frame proves that sometimes it is best to let the market run its course rather than to enter a position and wish for a miracle to happen. When Cardano (ADA) entered the last segment of the pitchfork formation against Bitcoin (BTC), few analysts might have expected it to fall all the way to the bottom because that would have meant a break of market structure for Cardano (ADA) against the US Dollar (USD).  Read more...

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