Tag: Crypto
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South Korea to Seek Extradition of Luna Crypto Founder
South Korea has said it would seek the extradition of fugitive crypto entrepreneur, Do Kwon, following the Terraform founder’s arrest in Montenegro and immediate slamming of fraud charges by United States. Prosecutors made this known to AFP on Friday. Kwon, whose full name is Kwon Do-hyung, has been accused of fraud over his company’s dramatic…
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Bitcoin Recovers, Gains $211 billion in 2023
The market capitalisation of Bitcoin has risen by $211.32bn in the first 76 days of 2023. This is a 66.34 per cent increase in the time under review and an indication of recovery after the most popular cryptocurrency fell by 65.29 per cent in 2022. After falling to $16,547.50 as of December 31, 2022, BTC…
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Hackers Attack Binance Smart Chain, Stole $100m
The largest cryptocurrency exchange in the world, Binance, reported on Friday that scammers had stolen cryptocurrency worth about $100 million. The entire amount taken was $580 million, but according to firm chief Changpeng Zhao, over 80% of it had been instantly frozen, and the harm was just about $100 million. He tweeted that “an…
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Bitcoin Drops 8% to slip below $22,000
Cryptocurrencies fell sharply on Friday, with sudden selling dragging bitcoin to a three-week low. Bitcoin fell as much as 7.7% to $21,404 over a few minutes during the European morning, at around 0640 GMT. It recovered slightly then continued its downward trajectory to trade around $21,400 at 1138 GMT, down 8.2% on the day. Ether…
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Google to Deprioritize Unoriginal Content with Improved Search Results
Google is readying a wide-reaching search engine update that it says will improve the quality and authenticity of results. In a new blog post, the company describes a series of changes set to roll out in the coming months, the broad objective of which is to crack down on “SEO-first” content designed to perform well…
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Bitcoin falls below $30,000, lowest since July 2021
Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The world’s largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a recent collapse in price as…
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Crypto On Track To Take Over Financial Markets in 10 Years – Survey
According to a ‘Crypto Pulse’ survey by crypto exchange, Bitstamp, whose summary was published yesterday, the crypto space is on track to become a mainstream industry in the next decade. As the adoption of cryptocurrencies intensifies and digital assets become increasingly more accepted by organizations and corporations, the study found that investors, both retail and…
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More Cyber Criminals adopt Crypto, as Theft Rises by 516% in 2021 – Report
Cryptocurrency-based crime hit an all-time high in 2021, according to data available with blockchain research platform Chainalysys. Crypto theft surged in 2021, with about $3.2bn worth of digital currency stolen last year, a 516% increase over 2020. As much as $14bn (€12.4bn) was routed to illicit addresses over the course of the past year, up…
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Nigeria Launches Digital Currency eNaira
President Muhammadu Buhari has launched the country’s digital currency, eNaira. The event was held on Monday at the State House in Abuja, with the Vice President, Yemi Osinbajo; governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, and other dignitaries in attendance. During the launch, President Buhari said the adoption of new CBN…
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Bitcoin jumps above $50,000 for first time since May
Bitcoin broke back above $50,000 on Monday for the first time in three months as investors piled back into the cryptocurrency on bargain-buying. The unit climbed around two percent to $50,249.15, its highest since mid-May when it began tumbling on a range of issues including China’s crackdown on cryptocurrencies and Tesla boss Elon Musk’s decision…