A former employee at Microsoft has been sentenced to prison over crypto fraud. He stole about $10 million in cryptocurrency belonging to his employer. After about nine months of conviction for suspected crypto fraud, former Microsoft employees, Volodymyr Kvashuk, bagged a nine-year jail term in the latest court ruling today. According to the information on […]
TR;DR Breakdown: Russia and the U.S dominate the list of countries involved in crypto frauds.   Russia imposed a ban on holding of cryptocurrencies.  Chainanalysis reports that the United States and Russia are dominating the world as regards cryptocurrency frauds in the past year. In-depth analysis shows that Russia is primarily involved in the darknet, particularly […]
French police have rounded up 29 individuals who were said to be involved in crypto terrorism by funding extremist groups using digital assets. In the news that was reported by ABC News, the arrests were made in a bid to destabilize a high connection of crypto terrorism funding. The operation was said to be masterminded […]
TL;DR Breakdown:  Crypto tracking platform, Blockfolio has been breached. Users complained of receiving offensive messages, which is apparently not from the team.  However, they have assured users that all funds are safe as they work to resolve the issue.  Digital currency management and tracking application, Blockfolio is suspected of being breached, as users are raising […]
TL;DR Breakdown Litecoin price prediction expects a rise towards $200. Litecoin must hold the crucial support found at the $100 mark. Strong resistance currently lies at the $147 mark. Strong support currently lies at the $129 mark. Following the cryptocurrency market, Litecoin price followed a descending channel since 14th January. The sharp downward trajectory does appear […]
About $7.6 billion has been lost in the cryptocurrency industry since 2011. There have been about 113 exchange hacks and 23 scams since these years. Cases of crypto crime have been rising for years now. As the digital currency industry continues to gain adoption around the world, it also attracts cyber-criminals who plague the exchanges […]
Polkadot (DOT) is one of the newcomers in the crypto ecosystem. Created by Ethereum co-founder Gavin Wood, Polkadot is a heterogeneous multi-chain interchange blockchain that uses customized side chains to operate its network. The idea for developing Polkadot cryptocurrency came into existence while Ethereum 2.0 sharding was developed. Whitepaper for the Polkadot Blockchain was released […]
TL;DR Breakdown: Fear and greed index shows the Bitcoin market is less greedy at 66. This probably follows the recent drop in the market value of BTC.   The Bitcoin market has been in an “extremely greedy” state for the majority of days in 2021. Most BTC traders and investors probably got more bullish following […]
TL;DR Breakdown Bitcoin price prediction expects a drop and rise to $30000. Strong resistance opposing the downward motion is found at $33864. Strong support is found at the $32400 mark. The king of cryptocurrencies has been fluctuating since the fall in mid-January. Bitcoin has been struggling between bullish and bearish pressures ever since. The 24-hour […]
KuCoin co-founder updated the community about the KuCoin hack and the recovery process. The exchange has recovered 84 percent of the stolen funds. The exchange has resumed services for 176 tokens while others will be resumed by 22 November. One of the co-founders of the cryptocurrency exchange platform KuCoin, Johny Lyu, revealed that the exchange […]