Biden Administration to release executive order on crypto in February: Report
As per a Bloomberg report, the White House is preparing an executive order for release as early as February that will outline a comprehensive government strategy on cryptocurrencies. The directive would place the White House in a central role overseeing efforts to set policies and regulate digital assets. Federal agencies have already been studying or providing regulatory guidance around the digital asset sector for years.
Crypto prices today: Bitcoin Falls 1.8%, ETH down 4%
Bitcoin is currently trading at $35,059, a 1.78% decline over the previous day. Ethereum fell 4% over the last 24 hours to $2,395. Solana has crashed 13.45% to $87.6, while Cardano has declined by 7.5% to $1.04. Polygon (MATIC) crashed over 10% to $1.45. The global crypto market cap stands at $1.60 trillion, a 3% decline over the previous day.
Delhi Police probe in crypto theft finds link with banned Palestinian group
The Delhi Police Cyber Cell has busted scamsters who allegedly stole crypto from a Delhi-based businessman and transferred the amount to the wallets of Al-Qassam Brigades, the military wing of Palestinian organisation Hamas. The current value of the cryptocurrency is over Rs 4 crore. The details of his crypto wallet, along with other accounts, were found to have been uploaded on the Darknet.
Adidas partners with Prada to hit the NFT market
Italian fashion house Prada has joined forces with Germany leading sports brand Adidas to introduce a first-of-its-kind non fungible token (NFT) collaboration that will feature user-generated art. The project aims to bring together participants across fashion, design, and crypto industry to co-create a large-scale digital artwork.
New ‘BHUNT’ malware is targeting crypto wallets of Indians
Cybercriminals are now stealing crypto wallet contents, passwords, and security phrases, targeting crypto wallets users have on their personal computers. According to Bitdefender (a cyber security firm), a crypto-wallet stealing malware dubbed ‘BHUNT’ enters computers through pirated software installs and attacks Exodus, Electrum, Ethereum, Bitcoin, and Litecoin wallets.
Bitcoin pyramid schemes wreak havoc in Rio de Janeiro’s Cabo Frio city
Cabo Frio, a city in Rio de Janeiro state, is now known as “New Egypt” due to a high number of alleged crypto pyramid schemes. The central figure in these huge pyramid schemes is 38-year-old Glaidson Acácio dos Santos. His company, G.A.S Consulting & Technology (a crypto investment firm) had total transactions worth at least $7 billion from 2015 through mid-2021 as part of a Bitcoin-based Ponzi scheme that promised investors 10% monthly returns.