financialsecurity

Senate Scrutinizes Crypto Regulation Amid Rise in Scam Losses

Senate Scrutinizes Crypto Regulation Amid Rise in Scam Losses

The Senate Banking Committee met recently to discuss the rapidly growing, but highly confusing, world of crypto regulation. This upcoming meeting could not be more important at this moment in history. American consumers are losing billions to crypto scams as well, and the U.S. is lagging other countries in establishing...

IntelBroker's Bitcoin Blunder: Proof Monero Is Still King For Privacy?

IntelBroker's Bitcoin Blunder: Proof Monero Is Still King For Privacy?

Okay, let's talk. Kai West, better known by his handle “IntelBroker,” is looking at some very heavy time. The details are grim: stolen data, millions in damages, and a whole lot of digital mayhem. Yet, doggedly hidden in this news is equally important lesson on how to achieve true privacy...

Spokane Bans Cryptocurrency Kiosks to Combat Scams

Spokane Bans Cryptocurrency Kiosks to Combat Scams

Now, the City of Spokane has prohibited any crypto kiosks from operating inside its city limits. This move follows a nationwide increase in scams related to these machines. Washington residents lost more than $141 million in 2023 to cryptocurrency scams. This most extreme number led to the decision. The new...

Bitcoin Family's Crypto Fortress Is a Warning Sign For the Entire Industry

Bitcoin Family's Crypto Fortress Is a Warning Sign For the Entire Industry

We’ve all read the news articles, the features showcasing their travels around the world, their crypto lifestyle. Yet their complex security arrangement, their bunkers on multiple continents and coded seed phrases, is more than a colorful anecdote. Ultimately, it is a flashing red light — the canary in the coal...

Elderly Crypto Whale Hacked: $330M Bitcoin Gone! How to Protect?

Elderly Crypto Whale Hacked: $330M Bitcoin Gone! How to Protect?

The cryptocurrency space, although holding great transformative value, comes with inherent risks. The crypto community just got hit with one of its biggest surprises. Here’s how one elderly crypto whale became the victim of the largest Bitcoin hack ever, losing an unimaginable $330 million. Through this incident, we see the...

Monero's 50% Spike: Bitcoin Theft Fuels Privacy Coin Debate

Monero's 50% Spike: Bitcoin Theft Fuels Privacy Coin Debate

This past week, the entire crypto market experienced a black swan event with FTX’s collapse. A major Bitcoin hack resulted in a massive increase in the price of Monero (XMR). However, this incident has brought back a widespread call to ban privacy coins. The report underscores the increasing regulatory pressures...

KYC in Crypto: Must-Do or Privacy Killer?

KYC in Crypto: Must-Do or Privacy Killer?

The debate over Know Your Customer (KYC) in the crypto space is a tangled one. It juxtaposes the need for safety and regulatory adherence against the fundamentals of privacy and decentralization that underlie Web3. For many crypto enthusiasts, these principles are nearly sacred. With BlockchainShock, our goal is to help...

Bitcoin at $90K? The Crypto Wallet Mistake That Could Cost You Everything

Bitcoin at $90K? The Crypto Wallet Mistake That Could Cost You Everything

$90,000 Bitcoin. The headline screams opportunity. But before you dive headfirst into the crypto pool, let's talk about something far more critical than price predictions: your digital wallet. As the wild west of cryptocurrency continues, your wallet is your most important tool. It’s more than just a digital locker for...

Crypto Regulation: 6 Key Takeaways from the Senate Hearing

Crypto Regulation: 6 Key Takeaways from the Senate Hearing

The United States Senate recently convened a hearing on the growing universe of cryptocurrency. In doing so, they highlighted the desperate need for regulation in this emerging frontier. Here are some of the most important highlights that emerged through the conversations. They each noted the challenges, opportunities, and possible future...

Day Trade Crypto Like a Pro: ChatGPT & Grok AI Secrets

Day Trade Crypto Like a Pro: ChatGPT & Grok AI Secrets

The market of cryptocurrency day trading is a whirlwind, chaotic and always on the move. Quick reflexes, and even quicker algorithms. Thanks to new, advanced AI tools such as ChatGPT and Grok, traders are experiencing the most powerful insight and automation they’ve ever seen. Kwame Nkosi, a blockchain commentator, balances...

Senate Crypto Hearing: 3 Reasons Why the US is Losing the Blockchain Race

Senate Crypto Hearing: 3 Reasons Why the US is Losing the Blockchain Race

The recent Senate Banking Committee hearing on regulating the crypto space? If I’m being truthful, it was more like seeing a train wreck go down in slow motion. While senators debated the nuances of defining a digital asset – is it a security, a commodity, or something else entirely? –...

ChatGPT & Grok: Southeast Asia's Secret Weapon in Crypto Day Trading?

ChatGPT & Grok: Southeast Asia's Secret Weapon in Crypto Day Trading?

Forget about Wall Street, the exciting disruptor in crypto day trading is cooking up in the crowded streets of Southeast Asia. I'm not talking about hedge fund managers with Bloomberg terminals; I'm talking about the everyday person – the small business owner in Jakarta, the student in Kuala Lumpur, the...

Beyond Tether & USDC: The Stablecoin Innovation You're Ignoring

Beyond Tether & USDC: The Stablecoin Innovation You're Ignoring

You think you know stablecoins. Tether, USDC – the usual suspects. Big market caps, widespread adoption. Comforting, right? Wrong. As all eyes are on these titans, a more quiet revolution is in the making. Looking forward to seeing you there! This lack of attention is robbing you of big future...

Stablecoins' Dirty Secret: Why Your Crypto Dreams Are Built on Sand

Stablecoins' Dirty Secret: Why Your Crypto Dreams Are Built on Sand

The original and inarguable promise of crypto was decentralization and freedom. We lost sight of that dream and exchanged it for something else. A façade that appears solid even if it’s a digital optical illusion shimmering on top of a fintech swamp crater. I'm talking about stablecoins.Are Your "Safe" Coins...