Akamai's recent research unveiling methods to disrupt cryptomining botnets isn't just another cybersecurity report. It's a stark reminder of the inherent vulnerabilities lurking beneath the shiny surface of decentralized finance, and it's forcing us to confront some uncomfortable truths. We need to talk about it.Security Illusion or Real Progress?The "bad...
Did Israel win today’s battle, but blow their chance at winning the crypto war? The recent hack of Iran’s Nobitex exchange, attributed by the pro-Israel group Predatory Sparrow to the hacktivist collective, is currently front-page news. Instead $90 million disappeared into the digital ether, money purportedly associated with the IRGC,...
Nobitex, Iran’s largest cryptocurrency exchange, was the target of a particularly destructive cyberattack. Hackers made off with millions of dollars in stolen cryptocurrency during the attack. An Iranian cyber-hacking group, Gonjeshke Darande, or Predatory Sparrow, took credit for the attack, ostensibly a pro-Israel hacking group. The cyberattack took place against...
As developments continue in the rapidly changing world of cryptocurrency, security will continue to be a major focus for investors and exchanges. Cold storage solutions have long been heralded as the best, ultimate gold standard for protecting digital assets. Yet, as recently demonstrated by the $330 million hack of Bybit’s...
The recent $330 million Bitcoin hack and the subsequent movement of those funds into Monero (XMR) hasn't just exposed a vulnerability in a specific exchange. It's pulled back the curtain on the fragile underbelly of the Monero derivatives market. As a long time blockchain researcher, I have been on the...
The world of cryptocurrency is shifting under our feet, and with it has come a heightened sense of scrutiny and regulation. Just last week, another widely used crypto mixer, eXch, announced they would be shutting down by May 1st. This alarming decision highlights the severe dangers of utilizing these services...
This was eXch, a cryptocurrency mixer that recently announced it would shut down on May 1, claiming law enforcement pressure made it untenable to continue. The decision follows accusations that the exchange facilitated laundering from this year’s record $200+ million Bybit hack. It came under fire for being used by...
The shutdown of eXch, a small, obscure crypto exchange might have slipped under the radar. It indeed strikes a beautiful chord within the grander crescendo of the digital asset universe. Get under the hood, and you’ll find an inspiration tale. That makes regulatory oversight an immediate necessity, particularly across nascent...
Lucy Powell’s X account hack — both personally and professionally — but revealing the appalling state of security. It works against those in Southeast Asia who are trying desperately to follow the rules and create legitimate blockchain businesses. Promoting a "House of Commons" coin? The irony is thicker than London...
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...
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...
Let’s face it, the crypto community can’t resist an exciting hype train. Right now, the AI-powered trading locomotive is barreling down the tracks, with Grok and ChatGPT as its star conductors. Well before you decide to mortgage your home and give Uber all your assets, let’s slow down a moment...
You know, sometimes I feel like I'm watching a rerun of an old movie, only this time, it's playing out in the halls of Congress. The Senate Banking Committee’s recent hearing on the need for comprehensive crypto regulation. It was a bit like a Broadway show. Rather than earnestly seeking...
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? –...
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...
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...
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...