Connect with us

Cryptocurrency

Chainalysis Opens 24-hour Hotline to Support Crypto Crime Victims

Published

on


Chainalysis Opens 24-hour Hotline to Support Crypto Crime Victims

As crypto crime cases are on the rise, the blockchain intelligence company Chainalysis launches an always-on hotline to help crypto firms that have been targeted by scammers and hackers.

According to the official blog post, ransomware attackers have stolen $731 million in 2021, while 2020 has seen similar scammer activity, with $728 being lost to their attacks. Previous years have been a lot quieter, with $144 total value of recorded ransomware attacks in 2019 and just $40 in 2018.

The most notorious case of theft by hacking is the $622 million drain from Axie Infinity’s Ronin Ethereum Sidechain in March, 2022. This hack alone accounts for one third of the looted crypto this year, but there were other bell-ringing cases, for instance Bored Apes Yacht Club Discord server was hacked at the beginning of this month, setting the crypto community aback by $360,000 in stolen NFTs.

Chainalysis agrees that a prevention programme is needed to educate the members of the crypto community about various methods of crypto-related online scamming, such as phishing through fake minting websites and gaining access to validators on blockchain to pass through illicit transactions.

Chainalysis Paints a Bright Picture for Crypto

Despite launching a 24-hour telephone line for the victims, Chainalysis assures that ‘crime represents a smaller and smaller share of all cryptocurrency activity’. However, those crypto-related cybercrimes that happen usually leave the victim without a chance to retrieve their funds.

That’s where Chainalysis Crypto Incident Response steps in – the rescue team will help to ‘prepare for the unpredictable’, go through the long and nerve-wrecking process of court to get the lost funds back. The Chainalysis team points out that theft via hacking and ransomware reflects badly on the general public’s trust in the cryptocurrency and blockchain technology sector, as well as presents ‘national security concerns’.

Continue reading on DailyCoin

Cryptocurrency

SEC Chair Gary Gensler calls Bitcoin a commodity

Published

on


© Reuters SEC Chair Gary Gensler calls Bitcoin a commodity

In an appearance on CNBC’s Squawk Box on Monday, SEC Chairman Gary Gensler said that Bitcoin was the only cryptocurrency he was ready to publicly call a commodity.

Gensler aired his views while examining the implications of classifying certain cryptocurrencies as commodities rather than securities. He also addressed previous calls to ramp up the commission’s regulatory oversight of the crypto market.

According to Gensler, all the main market regulators in the US agree that cryptocurrencies are highly speculative. “This is a highly speculative asset class. We’ve known this for a long time the ups and downs of this speculative asset class — Bitcoin and hundreds of other tokens,” he said.

He goes on to note that the investing public expects a return from most of these digital assets like they would when they invest in securities. As a result, Gensler concludes that most tokens in the crypto market have the “key attributes” of securities, thereby putting them under the purview of the Securities and Exchange Commission.

Interestingly, Gensler opined that Bitcoin and a few other cryptocurrencies could be considered commodities.

Some, like Bitcoin, and that’s the only one, Jim, I’m gonna say because I’m not going to talk about any one of these tokens but my predecessors and others have said they’re a commodity.

Meanwhile, he called for fair disclosures in the crypto market, noting that the US was open to having hundreds of tokens legally operating in its market if they complied with SEC laws.

Continue reading on BTC Peers

Continue Reading

Cryptocurrency

Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH

Published

on


Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH

XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467 Ether (ETH) just a day after suffering an exploit that drained 3,087 ETH, worth roughly $3.8 million, from the protocol.

Blockchain investigator Peckshield noticed the XCarnival hack as it came across a stream of transactions that eventually bled 3,087 ETH from the protocol. Explaining the nature of the exploit, Peckshield stated:

Flowchart showing the transfer of the stolen XCarnival funds. Source: Peckshield
ETH wallet balance of the XCarnival hacker. Source: etherscan.io

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

Holonus to announce its listing on LBank

Published

on


© Reuters Holonus to announce its listing on LBank

Holonus – Blockchain-based Best Ecosystem Platform for Next Generation

Humanity in the coming future will need the economic sphere on the Internet more than ever, like the water, air and food – the most necessary things to live on earth.

In the context of people’s economic activities changing dramatically, such as earning money by playing games and gaining approval, it is essential for a solid base system to be created for people to engage in economic activities in this economic sphere with peace of mind.

Holonus is blockchain-based best ecosystem platform for the next generation with a view to creating an economic zone based on the decentralized autonomous organisation (DAO).

In economic design on the Holonus platform, participants are rewarded when they provide value.

The concept of Decentralized Autonomous Organization is to make sure that all participants receive a fair reward for the value creation they have done. Holonus frees people from a hierarchical structure that is a real-world organizational structure and realizes a true DAO economic zone.

Holonus will list on LBank exchange

On June 27, the project Holonus is going to announce its listing on Lbank with the trading pair HLN/USDT. LBank Cryptocurrency Exchange – is the world’s leading crypto trading platform providing safe and professional services for global crypto users.

Announcement time : June 27th – 4pm UTC+8

Deposit time: June 29th – 4pm UTC+8

Trading start: June 30th – 6pm UTC+8

Withdrawal time: July 1st – 4pm UTC+8

Unique features: The basis for realization of Holonus economic zone

  • Dapps are linked to the Honolus blockchain and users can continuously create the wallet system.
  • Holonus Dapps builder allows all users to easily create blockchain applications with no code. It also enables them to build DApps such as original SNS and games dealing with Holon based on the Holonus blockchain and the wallet
  • Holonus ID allows users to send Holon and NFT in one transaction. Holonus DApps coin, a utility coin used in the Holonus DApps market, can also be sent at the same time.
  • Encryption, division, and decentralized systems provide high-quality functions and enhance better compliance and security beyond traditional databases.

What can we expect from the Holonus project in the upcoming time?

  • Airdrop to win HLN on Twitter (NYSE:TWTR): Holonus: https://twitter.com/holonusOfficial/status/1540671470900494336?s=20&t=3cRnE7B8ErULGkGWQibH2wLBank:https://twitter.com/LBank_Exchange/status/1540243364200808448?s=20&t=JbBLSNHlT7YE9NLttWaZFw
  • AMA on Holonus Official Telegram: June 28, 2022 – 4pm UTC+8https://twitter.com/holonusOfficial/status/1541020549811281920?s=20&t=3cRnE7B8ErULGkGWQibH2w
  • AMA in the official LBank Telegram group: June 30, 2022 – 4pm UTC+8https://twitter.com/LBank_Exchange/status/1541336840971640834?s=20&t=3cRnE7B8ErULGkGWQibH2w

For further information, contact via

  • Website: https://holonus.io/
  • Twitter: https://twitter.com/holonusOfficial
  • Telegram: https://t.me/HolonusBlockchain
  • Linktree: https://linktr.ee/holonus

Continue reading on BTC Peers

Continue Reading

News

Stock Markets10 mins ago

Morgan Stanley will cover U.S. employees’ travel for abortion services -source

© Reuters. The logo for Morgan Stanley is seen on the trading floor at the New York Stock Exchange (NYSE)...

World10 mins ago

West pledges support for Ukraine as missiles strike shopping centre

6/6 © Reuters. FILE PHOTO: A smoke rises over remains of a building destroyed by a military strike, as Russia’s...

Stock Markets10 mins ago

Morgan Stanley Has Continued Conviction on Rockwell Automation’s Capex Cycle

© Reuters. Morgan Stanley Has Continued Conviction On Rockwell Automation’s (ROK) Capex Cycle By Sam Boughedda Speaking about Rockwell Automation...

Stock Markets10 mins ago

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.20%

© Reuters U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.20% Investing.com – U.S. stocks were...

Stock Markets10 mins ago

Nike quarterly revenue beats on athletic wear demand

© Reuters. FILE PHOTO: People walk past a store of the sporting goods retailer Nike Inc at a shopping complex...

Economy10 mins ago

Wall Street ends down, pulled lower by growth stocks

© Reuters. FILE PHOTO: A trader works on the floor of the New York Stock Exchange (NYSE) in New York...

Stock Markets10 mins ago

Spero Therapeutics Plummets 15% on FDA’s CRL for Tebipenem HBr New Drug Application

© Reuters. Spero Therapeutics (SPRO) Plummets 15% on FDA’s CRL for Tebipenem HBr New Drug Application By Davit Kirakosyan Spero...

Cryptocurrency11 mins ago

SEC Chair Gary Gensler calls Bitcoin a commodity

© Reuters SEC Chair Gary Gensler calls Bitcoin a commodity In an appearance on CNBC’s Squawk Box on Monday, SEC...

Coronavirus11 mins ago

U.S. appeals court vacates federal vaccine mandate pending additional hearing

© Reuters. FILE PHOTO: A resident over 50 years old and immunocompromised receives a second booster shot of the coronavirus...

World11 mins ago

U.S. abortion ruling ignites legal battles over state bans

2/2 © Reuters. FILE PHOTO: Abortion rights campaigners participate in nationwide demonstrations following the leaked Supreme Court opinion suggesting the...

Economy40 mins ago

Albemarle plans major U.S. lithium processing plant

© Reuters. FILE PHOTO: A sign at the approach road leads to Albemarle’s lithium evaporation ponds at its facility in...

Forex40 mins ago

The ‘Big Package’: How Russia was driven to default

© Reuters. FILE PHOTO: European Commission President Ursula von der Leyen arrives for the European Union leaders summit, as EU’s...

World40 mins ago

U.S. Supreme Court abortion ruling ignites new legal battles over state bans

2/2 © Reuters. FILE PHOTO: Abortion rights campaigners participate in nationwide demonstrations following the leaked Supreme Court opinion suggesting the...

Stock Markets40 mins ago

Bankman-Fried’s FTX internally mulling Robinhood deal – Bloomberg News

© Reuters. The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s...

Economy40 mins ago

Dollar retreats as markets rethink Fed rate bets, eye ECB hikes

© Reuters. FILE PHOTO: U.S. dollar banknotes are displayed in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic By Hannah...

Sports & General40 mins ago

Biden swipes at China with memorandum to combat illegal fishing

© Reuters. U.S. President Joe Biden attends a welcoming ceremony on the first day of the G7 summit at Bavaria’s...

Sports & General40 mins ago

Amtrak train derails in Missouri after hitting truck, injuries reported

(Reuters) -Several cars on an Amtrak train derailed in Mendon, Missouri, on Monday after hitting a dump truck at a...

Stock Markets41 mins ago

FTX Said Exploring Potential Robinhood Acquisition, News Seen as ‘Positive’

FTX Said Exploring Potential Robinhood (HOOD) Acquisition, News Seen as ‘Positive’ By Sam Boughedda FTX, the crypto exchange founded by...

World41 mins ago

At least 13 killed in Russian missile strike on shopping mall, Ukraine says

2/2 © Reuters. Ukraine’s President Volodymyr Zelenskiy attends a working session of G7 leaders via video link, as Russia’s attack...

Commodities1 hour ago

Oil up 2% on Bets G7 Move Versus Russia Will Further Tighten Supply 

© Reuters. By Barani Krishnan Investing.com — Crude markets rallied on Monday on speculation that the predominantly-Western Group of Seven...

Stock Markets1 hour ago

Bankman-Fried’s FTX seeking path to buy Robinhood – Bloomberg News

© Reuters. The logo of Robinhood Markets, Inc. is seen at a pop-up event on Wall Street after the company’s...

Stock Markets1 hour ago

Refining Tightness to Persist, Even in a Recession – Piper Sandler

© Reuters. Refining Tightness to Persist, Even in a Recession – Piper Sandler By Sam Boughedda Piper Sandler Senior analyst...

World2 hours ago

U.S. Supreme Court overturns Roe v. Wade, ends constitutional right to abortion

9/9 © Reuters. Demonstrators gather in front of Planned Parenthood after the United States Supreme Court ruled in the Dobbs...

Cryptocurrency2 hours ago

Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH

Ethereum liquidity provider XCarnival negotiates return of 50% stolen ETH XCarnival, a liquidity provider for the Ethereum ecosystem, recovered 1,467...

Cryptocurrency2 hours ago

Holonus to announce its listing on LBank

© Reuters Holonus to announce its listing on LBank Holonus – Blockchain-based Best Ecosystem Platform for Next Generation Humanity in...

Sports & General2 hours ago

Biden administration signals fight over medication abortion

2/2 © Reuters. FILE PHOTO: Abortion rights protesters demonstrate after the U.S. Supreme Court ruled in the Dobbs v Women’s...

Economy2 hours ago

UK public inflation expectations fall to lowest since January -Citi/YouGov

© Reuters. FILE PHOTO: People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind,...

Stock Markets2 hours ago

Mining firms poised to lead capital raisings in Canada, TSX CEO says

© Reuters. FILE PHOTO: Visitors to the BHP (formerly known as BHP Billiton) booth speak with representatives during the Prospectors...

Sports & General2 hours ago

Biden signs memorandum to combat illegal fishing

© Reuters. U.S. President Joe Biden attends a welcoming ceremony on the first day of the G7 summit at Bavaria’s...

Economy2 hours ago

GE CEO Culp expands role to head aviation unit

© Reuters. FILE PHOTO: General Electric Co. Chief Executive Officer Larry Culp mingles with shareholders at the company’s annual meeting...

Trending