The current bearish trend in the Bitcoin (BTC) market has seen the price of the world’s largest cryptocurrency drop below $27,000 in recent days. This is the first time since late December 2020 that BTC has ventured into this price range. Given the current market sentiment, it is difficult to accurately predict where BTC will […]Read More

Microsoft is planning to expand its support for cryptocurrency wallets across its upcoming hardware products, according to documents obtained by The Verge. Microsoft’s wallets will be integrated into a range of products, including the Xbox Series X, Xbox One X, HoloLens 2, and its Surface Duo device. The documents indicate that Microsoft is working on […]Read More

The U.S. Securities and Exchange Commission (SEC) recently unsealed a series of documents in a legal case against the U.S. arm of cryptocurrency exchange Binance. The documents, filed in the U.S. District Court of the Southern District of New York, revealed that the SEC has accused Binance of violating Securities Exchange Act Section 15(b) by […]Read More

Fortress Trust, a cryptocurrency exchange based in the United Kingdom, has suffered a security breach resulting in the theft of an undisclosed amount of crypto assets from the platform. According to early investigations, the incident was likely caused by a successful phishing attack against one of Fortress’ cloud vendors. Fortress Trust took immediate action in […]Read More

The US consumer price index (CPI) rose 0.6% in April 2021, marking the biggest increase in monthly inflation since August 2020. The inflation rate was up from a 0.4% gain in March and was the highest since the 0.8% rise seen in December 2019. The main drivers of the surge in inflation were increases in […]Read More

The FBI has identified the infamous Lazarus Group as the source behind the recent hacking of Stake Casino, a popular gambling platform, which resulted in the theft of $41 million of cryptocurrency. This crime is now considered one of the biggest crypto hacks of all time. The Lazarus Group, known also as Hidden Cobra, is […]Read More

A joint report from the IMF and the Financial Stability Board (FSB) has urged global regulators to refrain from using heavy-handed approaches in regulating the crypto industry. The FSB is an international body that monitors and makes recommendations about the global financial system, while the IMF is an organization that promotes global economic cooperation among […]Read More

A recent survey conducted in South Korea has found that a majority of South Koreans consider cryptocurrencies to be a form of gambling. The survey, which was conducted by Seoul-based researcher Saramin, revealed that 80% of respondents viewed cryptocurrencies as gambling, compared to just 11% of respondents who viewed the digital assets as an investment. […]Read More