South Korean police, using programs to track illegal crypto transactions, have revealed a large drug trafficking scheme for bitcoins and altcoins. The National Police Department of Gyeongbuk city in South Korea reported that law enforcement officers detained 82 suspects of selling and buying drugs for cryptocurrency. According to law enforcement officers, four twenty-year-old young men […]
Sarah
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
Three U.S. agencies warned of rising ransomware threat at once
The FBI has issued guidance to users on how to prevent cyberattacks and asked them to report any information about hackers, including IP addresses and crypto wallet addresses. The US Cybersecurity Council, which includes the Federal Bureau of Investigation, the Interstate Clearinghouse and Analysis Center, and the Cybersecurity and Infrastructure Security Agency, released a bulletin […]
Lucky solo miner mined $117,000 Bitcoin block
To mine the BTC block, miners unite, but sometimes luck can smile on a loner. A pool member with a hashrate of 270 Tx/s used the one-in-a-million chance and received 6.25 BTC. Bitcoin pool manager ckpool Con Kolivas tweeted that a solo miner from their pool with an ASIC power of 270 Tx/s figured out […]
SEBA Bank Cryptocurrency Platform Activates Ethereum Staking Services
Swiss crypto platform SEBA Bank has launched ETH staking services for large customers ahead of the Ethereum network merger. The SEBA Bank team announced that the reason for the launch of the service was the expectation of a future upgrade of the Ethereum network called Merge. The institutional grade offer will allow SEBA customers to […]
Whale Alert: Large Ethereum holders began to move ETH to trading platforms
According to the Whale Alert service, which tracks large cryptocurrency transactions, the so-called “whales” began to move ethers to trading platforms. ETH fell sharply 8% below $1500. According to a tweet from Whale Alert, the service detected several transactions with a large amount of ether. From an unknown address to the Huobi exchange was translated […]
Dan Held: Ethereum’s move to PoS will increase pressure from environmentalists on Bitcoin
Dan Held, head of marketing at the cryptocurrency exchange Kraken, believes that along with the transition of Ethereum to the Proof-of-Stake (PoS) algorithm, many problems will appear in the crypto industry. Dan Held shared his thoughts on how the Ethereum merger will impact the cryptocurrency industry in a recent podcast. In particular, he believes that […]
Vitalik Buterin conducted a survey on the fair price for owning ENS domains
According to a survey conducted by Ethereum co-founder Vitalik Buterin, for 50% of users, the fair price of owning a premium ENS address for 100 years is less than $100. In connection with the transition of the Ethereum network to the Proof-of-Stake (PoS) algorithm, in four months the number of Ethereum Name Service (ENS) addresses […]
Brazilian Tax Authority Announces Record Number of Cryptocurrency Income Reports in July
The Brazilian Tax Authority (RFB) reported that in July, 1,336,715 Brazilians filed returns reporting income from digital currencies. The most popular crypto assets were USDT and BTC. Note that in May of this year, only 365,000 citizens reported their income from crypto assets to RFB, in June this number rose to almost 800,000, and in […]
British regulator urged citizens not to trust the advice of cryptocurrency influencers
The Financial Conduct Authority (FCA) of the UK has urged citizens not to trust cryptocurrency influencers, as they will not be able to protect their rights in case of loss of invested funds. The regulator explained that many influencers with large followings on YouTube and TikTok are trying to use the economic crisis for their […]
Swiss crypto firm 21.co raises $25 million in funding
21Shares’ parent company, 21.co, has completed a round of funding that raised $25 million to expand its business in the Middle East and attract new talent. Now 21.co is valued at $2 billion, making it one of the largest cryptocurrency startups in Switzerland. The funding round was led by London-based hedge fund Marshall Wace. Also […]
