Cryptocurrency-seeking attackers now target users. Attackers seeking cryptocurrency gains have pivoted from targeting platforms to hitting users, often via social media. According to new research from Cyjax, threat actors have also begun to use X (formerly Twitter) with a mixture of fake impersonator accounts to promote cryptocurrency scams and malware. Fake Accounts In Q1 2024,
The following is a guest post by Brendan Cochrane, Partner at YK Law LLP. Artificial Intelligence tools could revolutionize anti-money laundering efforts in cryptocurrency transactions. These tools can analyze far more transactions quickly than any human, helping banks and law enforcement keep up with the volume of transactions, of which there are millions per day.
CHICAGO (CBS) – Victims who were sucked in by scammers have shared their stories with CBS 2 time and time again. They were romantics left with broken hearts and empty wallets. “My mind was so brainwashed.” “I believed this person. That’s why I fell for her.” “This person doesn’t even exist. This person wasn’t a
Negentropic, the official X (formerly Twitter) account of Glassnode’s cofounders, has offered its own bullish sentiment for the crypto market. Glassnode Cofounders: There Would Be A Massive Growth Beyond Recent Corrections According to their analysis, the market, excluding the top 10 cryptocurrencies, known as “OTHERS,” is showing signs of a strong uptrend with the potential for
A letter proposed by U.S. Senator Elizabeth Warren addressed to President Joe Biden has been circulating online, proposing a wealth tax on cryptocurrency holders and mandatory reporting to the Internal Revenue Service (IRS). This letter, allegedly advocating for a “Cryptocurrency Reporting and Wealth Tax Act,” has however raised doubts regarding the authenticity of the letter,
The cryptocurrency market is full of surprising twists and turns of events. The market is now supporting the meme coin rally, while several leading altcoins are yearning for a stable price threshold. For instance, while ADA shows signs of a possible bullish breakout in the future, its current price threshold is critically low, which is
Last updated: April 22, 2024 19:51 EDT | 2 min read Two lawyers from the Securities and Exchange Commission (SEC), Michael Welsh and Joseph Watkins, resigned on April 22 following a federal judge’s sanction and severe criticism of the regulatory agency’s handling of a crypto-related case. Initially, the SEC legal unit, led by attorney Michael
The upcoming Lisbon Blockchain Conference is gearing up to offer founders an avenue to pitch their startups to potential investors. In an April 22 statement, the conference organizers said one of the side events will be a “closed door” pitching competition, allowing crypto startups to showcase their ideas to potential investors. Distinguished judges for the
Table of Contents Show more Show less Forbes Advisor has provided this content for educational reasons only and not to help you decide whether or not to invest in cryptocurrency. Should you decide to invest in cryptocurrency or in any other investment, you should always obtain appropriate financial advice and only invest what you can
Source: Maxx-Studio / Shutterstock.com The halving of Bitcoin (BTC-USD) has typically been a precursor to some pretty extraordinary gains for the top cryptocurrency. Many investors and cryptocurrency traders have likely prepared. They have piled on ahead of the fourth halving event with the expectation that history will repeat itself. Following Friday’s halving, many new Bitcoin