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Shocking $5.6 Billion Vanishes in Crypto Scams According to FBI Findings
In the rapidly evolving domain of digital finance, U.S. citizens experienced a significant surge in crypto frauds during 2023, with losses totaling an alarming $5.6 billion. This figure marks a 45% increase from the preceding year, underscoring a growing menace within the sector. Furthermore, the FBI has highlighted a disconcerting trend: the elderly demographic has…
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Why Bitcoin Miners are Shifting Focus to AI Data Centers – Inside Bernstein’s Findings
In the rapidly evolving landscape of digital finance and technological innovation, institutional investors are increasingly captivated by the promise held within bitcoin mining enterprises, particularly their capacity for artificial intelligence (AI) advancement. This growing interest suggests a potential paradigm shift, where the allure of AI capabilities might inadvertently expose investors to the lucrative phases of…
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Is WazirX Cleared of Blame? Unpacking the Mandiant Report Findings
In the ever-evolving landscape of digital assets and cybersecurity, a report by Mandiant, a leading cybersecurity firm and subsidiary of Google, has recently highlighted that WazirX laptops were not compromised during a significant $230 million cyberattack. This development brings a mix of relief and lingering questions to the platform’s users and the cryptocurrency community at…
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New Findings Reveal Crypto Crime Dips, Yet Theft & Ransomware Spike Alarmingly
In the ever-evolving landscape of blockchain and cryptocurrency, a new report from Chainalysis throws light on a contrasting picture of declining overall illicit activity amidst surging funds stolen through crypto crimes. The “2024 crypto Crime Mid-year Update Part 1″ brings forward insightful trends that underscore the dynamic and challenging environment of managing and mitigating illegal…
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Euler Unleashes 29 Shocking Security Audit Findings After Splurging $4 Million
In the rapidly evolving landscape of blockchain and cryptocurrency, the security of smart contracts and decentralized financial systems remains a paramount concern. A case in point involves the recent findings and resolutions concerning Euler v2, a prominent decentralized finance (DeFi) protocol. Notably, this sequence of events culminated in a bug bounty contest with a significant…
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Bitcoin Falls Short as Safe Haven Asset: Researcher’s Findings
bitcoin’s Maturity as a Safe Haven Asset Questioned Amidst the ongoing volatility in the cryptocurrency market, the debate surrounding bitcoin’s status as a safe haven asset continues to gain traction. Nik Bhatia, the founder of The bitcoin Layer, recently expressed skepticism regarding bitcoin’s maturity as a reliable safe haven asset. In a recent CNBC interview,…