Among Crypto Crimes, the US Secret Service Seizes Over $102 Million in Digital Currencies

In their investigation into cybercriminals activities, the US Secret Service confiscated up to $102 million in cryptocurrency assets. According to CNBC, which cited Secret Service data, the investigation has involved approximately 254 cases since 2015.  In an interview with the media program, David Smith, assistant director of investigations, stated that agents and analysts frequently actively watch the flow of Bitcoin on the blockchain in the same way that any surveillance operation is done. One of the cases probed by the Secret Service during this time period involved 900 victims in both Romania and the United States.  The operation involved crooks creating bogus adverts for luxury items and mailing invoices to gullible consumers, who then paid the fraudsters. According to the CNBC article, the payment collected by the criminals is frequently transferred to cryptocurrency in order to conceal their origin and actions.  “One of the things about cryptocurrency is it moves money at a faster pace than the traditional format,” Smith said, adding that the quick pace of transactions makes it attractive to both American consumers and criminals. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities. What we want to do is to track

2022-04-21Malalim na Pagsisid

Digital Currency Ecosystems Company BTCS Inc. Adds Ethereum Layer 2 Sidechain Polygon - BitcoinEthereumNews.com

BTCS Inc. (“BTCS”) is the first “Pure Play” U.S. public company focused on blockchain technologies. The company secures the blockchain through their transaction verification services business and plans to build a broader ecosystem to capitalize on opportunities in this fast-growing multi-billion dollar industry.  At present, BTCS has become the technical work of runing Polygon validator nodes and has pledged 456,445 MATIC, allowing users to entangle the corresponding anual percentage income in the pledged tokens.  Polygon occupies a very pivotal position in the Ethereum and Web3.0 ecosystems.  Matic Network provides scalable, secure, and instant Ethereum transactions designed to use Plasma side chains and a Proof-of-Stake network to solve the pain points of slow block confirmation and high gas fees.  Michael Prevoznik, CFO of BTCS said:  “While Polygon is focused on Ethereum at the moment, it plans to support other blockchains with its scalable technology and provide cross-chain interoperability between different protocols.”  While Ethereum still ranks as the worlds most used blockchain network, transaction count and accompanying fees have skyrocketed over the years. With Polygon, these transactions can be carried out on Ethereum, scaled massively, and at a much lower fee.

2022-04-21Ethereum

Security Compliance Firm Seon Pulls $93m from Investors Backed by IVP

Seon, a United Kingdom-based fintech security and compliance platform, has pulled over $93 million in a Series B funding round from investors led by IVP, a Silicon Valley-based investment firm.  In this round of financing, the sterling record of IVP involves early backing of platforms, including Netflix and Twitter, other investors include Creandum and PortfoLion. Angel investors, on the other hand, involve Coinbases Chief Operating Officer Emilie Choi and UiPath Chief Executive Daniel Dines, who also backed the startup as it pushed its valuation to $500 million.  Relieving Fintech and Crypto Firms From Compliance Burdens  Seon is a startup founded in Budapest, Hungary in 2017 by Kadar Tamar and Bence Jendruszak. The startup caters primarily to fintech firms with an extension to digital currency startups.   The company develops software that analyzes a platform user‘s biodata, email address, and phone numbers and determines whether they are genuine or not. When fintech and crypto platforms are under scrutiny by regulators to block transactions emanating from and to Russia in the wake of the country’s invasion of Ukraine, the Seon solution may come in very handy.  Seon boasts of Revolut, Afterpay, and crypto-friendly Nubank as clients. With the newly injected capital, it hopes to support its customers

2022-04-21Malalim na Pagsisid

Robinhood Announces Planning to Buy British Crypto Platform Ziglu

Nasdaq-listed commission-free stock trading platform, Robinhood has signed an agreement to acquire a UK-based electronic money institution and crypto-assets firm Ziglu.  As announced by the company, the deal is subject to regulatory approval and other customary closing conditions.  “Ziglu and Robinhood share a common set of goals, working to reduce the barriers to entry for a new generation of investors, and we‘re excited to pursue that mission together,” said Mark Hipperson, Founder, and CEO of Ziglu. “As part of Robinhood, we’ll supercharge Robinhoods expansion across Europe and bring better access to crypto and its benefits to millions more customers.”  Ziglu grants UK customers the opportunity to buy 11 different digital assets and provides additional services like ‘Boost’ in which users can earn a yield on their digital assets. As a regulated platform in the United Kingdom, Ziglu allows its customers to make payments using a debit card, and move and spend money, even abroad, without fees.  Robinhoods acquisition of Ziglu aims to expand its global footprint as the platform can quickly help it reach more users in the UK and Europe on a larger scale. The commission-free services Robinhood offers a better transaction experience on Ziglu come off as a convenient convergence that aligns

2022-04-21Malalim na Pagsisid

What will happen to Ethereum Price after ETH2.0? Probably THIS! - BitcoinEthereumNews.com

What is the Ethereum 2.0 update?  Ethereum 2.0 is an update of the Ethereum blockchain. With this update, Ethereum wants to revise the blockchain code and thereby make it more efficient and secure. Ethereum is the most popular smart contract platform due to its status as the first network to offer smart contracts. However, Ethereum is struggling with problems related to gas fees and, in general, the speed and cost of transactions.  What problems does Ethereum 2.0 want to solve?  Ethereum 2.0 wants to solve the following problems:  Bayarin sa Gas Pagbabawas  Increase in transaction speeds  Increase in scalability  Increased security in the network  What does the Ethereum 2.0 update contain and can it increase the Ether price?  The most important change in Ethereum 2.0 is the switch of the consensus mechanism from patunay-ng-trabaho sa patunay-ng-taya . This is intended to make the blockchain more efficient and increase transaction speeds. Furthermore, the high gas fees, for which Ethereum has been notorious in recent years, are finally to be reduced.  Furthermore, the beacon chain and some shard chains are added. This means that the transaction load in the Ethereum network can be better distributed and controlled. Overall, the number of possible transactions increases with increasing speed.  The concept of sharding ensures that

2022-04-21Ethereum

Pagsusuri sa Ikalawang Pagsama-sama ng Ethereum upang Mag-apoy ng Malakas na Uptrend Lampas sa $10,000 Malapit na! Pero paano? - BitcoinEthereumNews.com

EthereumPagsusuri sa Ikalawang Pagsama-sama ng Ethereum upang Mag-apoy ng Malakas na Uptrend Lampas sa $10,000 Malapit na! Pero paano?04 / 21 / 2022Balita ng Ethereum ng Bitcoin  Ethereum Ang aktibidad sa pag-unlad ay lumilitaw na nasa tuktok nito habang ang mga paghahanda sa pagsasanib ay tumataas. Kamakailan lamang, nagawa ng mga developer ang mahalagang hakbang patungo sa Pagsama-sama at naka-iskedyul na petsa ng Sabado para sa mainet shadow fork. Isa sa mga nag-develop ng Merger, si Lion Dapplion ay nagbahagi ng isang sulyap sa kanilang testing war room na naging matagumpay.  Ang shadow fork sa mas simpleng salita ay ang teaser ng buong larawan na mangyayari pa. Ang Ethereum shadow fork ay nagbibigay-daan sa mga developer na gawin ang mga kinakailangang pagbabago, nang hindi hinahawakan ang mainet. Sa madaling salita, ang shadow fork ay walang iba kundi ang pagsubok sa pagsasanib sa loob ng isang pinaghihigpitang kapaligiran.  Sa pagtindi ng aktibidad sa loob ng silid ng digmaan, ang mga balyena ay tila napakalakas din sa paglipat na ito. Gayundin, ang komunidad ng Ethereum ay lumalaki nang mas malaki at mas malaki dahil halos 60 bagong address na may balanseng higit sa 10,000 ETH ang sumali mula noong Marso. At samakatuwid ay binanggit ang

2022-04-21Ethereum

AbbVie, Gilead and 4 Other Defensive Healthcare Stocks With Big Dividend Yields - BitcoinEthereumNews.com

KabuhayanAbbVie, Gilead and 4 Other Defensive Healthcare Stocks With Big Dividend Yields04 / 20 / 2022Balita ng Ethereum ng Bitcoin  Laki ng tekston n  An AbbVie bio safety hood  n Sa kagandahang-loob ng AbbVien n  Deep into the second quarter of the year, stocks have yet to recover, and investors are seeking safety in defensive plays.  One sector thats benefited from this rush to defense is healthcare, where big firms offer stability and, in some cases, steady dividends.  Habang ang  n S&P 500 index is down 6.4% so far in 2022, the  n Pangkalahatang Pangangalaga sa Sektor ng Pangangalaga sa Kalusugann (ticker: XLV), an exchange-traded fund that tracks healthcare stocks in the S&P 500, has slipped just 1.8%.  At habang ang  n n n SPDR S&P Biotech ETFn n (XBI), which focuses on smaller biotech stocks, is down 24.4% this year, the  n NYSE Arca Pharmaceutical indexn (DRG), which tracks large pharmaceutical firms, is up 3%.  Rallies by individual large-cap healthcare stocks have buoyed the performance of the indexes that track them.  n n n AbbVien n (ABBV) stock is up 17.7%, and shares of drug distributor  n n n Cardinal Kalusugan n (CAH) have surged 22.3%.  Investors looking for defensive healthcare plays will look at a number of factors when choosing where in the

2022-04-20Industriya

Fed’s Bostic Cautious About Rate Hikes as President Biden Blames Higher Prices on Covid-19 and Putin – Economics Bitcoin News - BitcoinEthereumNews.com

As inflation continues to wreak havoc on the lives of ordinary American citizens, all eyes are focused on the U.S. Federal Reserves plans to fix the situation. Meanwhile, as the St. Louis Fed president James Bullard wants to aggressively hike the benchmark bank interest rate, Atlanta Fed president Raphael Bostic thinks the central bank needs to use caution.  Atlanta Fed President Raphael Bostic: ‘The Fed Needs to Be Cautious as We Move Forward’  The U.S. economy looks bleak after two years of abnormal inefficiencies that have plagued the citizenry‘s wealth. Blame has been placed on the erratic spending decisions of public policymakers, the Federal Reserve’s massive pagpapalawak ng pera over the last two years, the supply chain shock from agresibo Covid-19 lockdown procedures, and the tightest sanctioned economy in decades stemming from the current Ukraine-Russia conflict. All of these factors have led to the fastest rising inflation rate the U.S. has seen in over 40 years.  On Monday, the president of the Federal Reserve Bank of St. Louis, James Bullard, ipinaliwanag that the Fed could get the benchmark bank interest rate up to 3.5% by the years end. Bullard mentioned an aggressive rate hike that could see the rate increase by 75 basis

2022-04-20Industriya

Nag-deploy ang MakerDAO sa layer-2 network na StarkNet upang mapahusay ang mga function ng DAI stablecoin - BitcoinEthereumNews.com

Ang MakerDAO, isang decentralized autonomous organization (DAO) na nagsisilbi sa sikat na DeFi lending protocol Maker, ay nag-anunsyo ng paparating na iskedyul ng deployment sa decentralized zero-knowledge (ZK) Ethereum rollup, StarkNet.  Inaasahang magiging ganap na gumagana sa ikatlong quarter ng taong ito gaya ng natukoy sa roadmap ng protocol, ang pagsasama ay magsusumikap na pahusayin ang mga multichain na kakayahan ng kanilang dollar-pegged stablecoin DAI, at nauugnay na Maker Vaults function, sa pamamagitan ng pagsusumikap na bawasan ang transactional cost at throughput bilis sa network.  The move is largely consistent with their overarching multichain strategy first witnessed via the paglulunsad ng DAI token bridges sa parehong Optimism at Arbitrum One noong Marso at Setyembre 2021, ayon sa pagkakabanggit.  Core unit facilitator at StarkNet engineering Louis Baudoin noted that “as we see unsustainable gas fees drive more activity and users to a wider variety of blockchains, security challenges that come with bridging will continue to grow,” before stating that:  “Dapat lumipat ang mga proyekto sa Layer-2 upang patuloy na maghatid ng mga user, at ang MakerDAO ay nakikipagsosyo sa StarkNet upang gawin iyon nang eksakto. Sa diskarteng ito, kami ay nakaposisyon upang patibayin ang posisyon ng Makers Protocol bilang nangungunang desentralisadong lending protocol sa industriya,

2022-04-20Industriya

North Korea’s Lazarus Group Attacking Crypto Firms, Warns US Government - BitcoinEthereumNews.com

The US government warns all crypto companies to beware of North Korean hackers i.e., the Lazarus group, and its plans of launching exploits through trojanized applications.   Govt. Agencies Issue Warning  The infamous hacker group from North Korea, i.e., the Lazarus group, is still striking fear in the hearts of the crypto industry. The group had previously launched severe exploits on multiple crypto firms worldwide, siphoning away billions of dollars in crypto assets. The latest information from the U.S. government is that the group is now weaponizing trojan apps to target crypto firms and break through their defenses.  The Federal Bureau of Investigation (FBI), Cybersecurity and Infrastructure Security Agency (CISA), and the US Treasury have released a joint statement advising all crypto and blockchain firms to watch out for these malicious threat actors. The statement also revealed that the Lazarus group had been observed targeting crypto exchanges, crypto trading companies, VC funds that invest in cryptocurrency, and even individuals who hold large amounts of digital assets, including tokens, NFTs, etc.  Trojan Apps Targeting Crypto Employees  The statement reported that the malicious apps being employed by Lazarus are spewing malware across the targeted network and exploiting security gaps to steal private keys. These apps gain the

2022-04-20Industriya
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