fbi crypto Archives

FBI issues warning over vulnerable DeFi platforms

The Federal Bureau of Investigation issued a new warning focused on attacks against decentralized finance (DeFi) platforms. Cybercriminals have been exploiting vulnerabilities in the smart contracts that govern them. Between January and March 2022, cybercriminals stole $1.3 billion in crypto, almost 97% of which was stolen from DeFi platforms,” the agency said.

The FBI recommended the careful study of DeFi platforms, protocols, and smart contracts before investing.

Crypto prices today: Bitcoin up 3.5%, ETH rises 10%

Bitcoin is currently trading at $20,542.64, an increase of 3.5% over the previous day. Ethereum is up 9.8% over the last 24 hours to $1,595.61. Solana surged 8.1% to $32.97, while Cardano is trading higher by 5.15% at $0.454. Avalanche (AVAX) has jumped 13.5% to $20.44. The global crypto market cap stands at $996.5 billion, a 4.55% increase over the previous day.

Meta adds Ethereum, Polygon NFT cross-posting between Facebook and Instagram

Meta has added the ability to cross-post non-fungible tokens (NFTs) across Facebook and Instagram for select U.S. users. The company wants to make it easier for users to share their NFTs by only requiring a one-time wallet connection on either Facebook or Instagram. The user’s wallet can be automatically recognized if cross-posting is enabled under account settings on either application.

Crypto lender Hodlnaut placed under interim judicial management

Troubled crypto lender Hodlnaut has been placed under interim judicial management (a form of creditor protection) by a Singapore court. The company will be protected from legal proceedings from third parties. Three weeks earlier, Hodlnaut froze withdrawals due to “difficult market conditions”.

Argentina’s Mendoza Province accepts crypto for tax payments

The Argentine province of Mendoza has enabled the payment of taxes with cryptocurrencies. Users will be able to pay with any crypto wallet, including Binance, Bitso, Buenbit, Bybit, Ripio, and Lemon. Mendoza will only accept stablecoins such as DAI and USDT for tax payments. Crypto payments will be converted to Argentine Pesos by an undisclosed online payment service provider.

FBI forms new crypto crimes unit

The United States Federal Bureau of Investigation (FBI) has launched a Virtual Asset Exploitation Unit focused on crypto-related crimes. The unit will be a specialized team of cryptocurrency experts dedicated to providing analysis, support, and training across the FBI. It will also innovate its cryptocurrency tools to stay ahead of future threats.

Crypto prices today: Bitcoin slumps 7%, ETH down 5.9%

Bitcoin is currently trading at $40,751, a 6.95% decline over the previous day. Ethereum is down 5.9% over the last 24 hours to $2,908.84. Solana fell 5% to $95.2, while Cardano is down 3.7% to $1.04. Polygon (MATIC) has fallen sharply by 6.5% to $1.71. The global crypto market cap stands at $1.90 trillion, a 3.52% decline over the previous day. Much of the market is red right now amid geopolitical tension and increased law enforcement scrutiny on crypto.

Sequoia Capital to Invest Up to $600 million in crypto startup tokens

Venture capital firm Sequoia Capital has announced the launch of a crypto-dedicated fund that will invest up to $600 million in digital assets. The fund will actively manage its assets, generating yield through token staking and participating in DAO governance votes. The new fund follows the last announcement that Sequoia would combine all of its US and European investments into one fund.

Ukraine legalises crypto amid soaring tensions with Russia

Ukraine legalised cryptocurrencies on Thursday even as its tensions with Russia have agitated global markets in the past week due to global concerns over the prospect of a wider war. Bitcoin donations have soared to Ukrainian volunteer and hacking groups, some of which have supplied equipment to government forces. Ukraine is already amongst the top-5 countries that use cryptocurrency.

Spain’s central bank licenses Bit2Me to be country’s first crypto services provider

Bit2Me, a leading Spanish crypto exchange, has obtained approval from the Bank of Spain to be the first provider of services for the exchange of virtual currency for fiat currency and the custody of digital wallets. It will now be able to provide Spanish-based banks with a white-label service allowing crypto trading on their platforms.