One of the largest rating agencies in the U.S., Fitch Ratings, has downgraded El Salvador’s long-term default rating deeper into junk status, citing risks from adopting bitcoin as legal tender as a key reason. “The adoption of bitcoin as legal tender has added uncertainty about the potential for an IMF program that would unlock financing for 2022-2023,” Fitch detailed. El…
In brief For now, Chainalysis estimates $602 million in ransomware payments from 2021—less than for 2020. But it expects the final number to rise substantially. Chainalysis—a blockchain data firm—has found that value stolen through crypto ransomware attacks likely rose from 2020 to 2021—it just hasn’t accounted for it all yet. According to a preview of the company’s 2022 Crypto Crime…
press release PRESS RELEASE. INTERNET CITY, DUBAI, Feb. 10, 2022, ZEXPRWIRE – LBank Exchange, a global digital asset trading platform, will list Lucky Block (LBLOCK) on February 11, 2022. For all users of LBank Exchange, the LBLOCK/USDT trading pair will be officially available for trading at 18:00 (UTC+8) on February 11, 2022. The lottery has thousands of years of history,…
On the day of the opening ceremony of the Beijing 2022 Winter Olympics, there were reportedly more transactions made in China’s central bank digital currency than those through Visa. In a Wednesday report from the Wall Street Journal, a person familiar with the matter said transactions in digital yuan significantly outnumbered those of Visa on Feb. 4 at the Beijing…
Amrapali “Ami” Gan, OnlyFans’ CEO, commented in a statement to Reuters that the online subscription platform known for adult content will enable creators to make nonfungible token, or NFT, profile pictures. “Our mission is to empower creators to own their full potential. This feature is the first step in exploring the role that NFTs can play on our platform.” OnlyFans will…
In brief OnlyFans is a subscription site known for adult content. It follows Twitter in enabling NFT profile pictures. What do you get when you combine NSFW with NFTs? OnlyFans. OnlyFans, a platform that connects content creators with paying subscribers, said Thursday that its users can now use verified Ethereum NFTs in their profile images, according to a report from…
Bitcoin (BTC) and cryptocurrency holders are enjoying the fruits of their labor on Feb. 10 after Bitcoin price rallied shortly after the U.S. Bureau of Labor Statistics showed a blistering 7.5% Consumer Price Index (CPI) print. This shows that inflation continues to worsen as fiat currencies bleed out their purchasing power. Data from Cointelegraph Markets Pro and TradingView shows that…
On February 8, the Department of Justice (DOJ) announced the arrest of Ilya Lichtenstein and Heather Morgan on charges of conspiracy to launder cryptocurrency stolen during the 2016 Bitfinex hack, and conspiracy to defraud the United States. The story has captured mainstream fascination this week like few other crypto stories do, in particular because people have been fascinated with the alleged…
As the cryptocurrency market has grown, so too have the number of bad actors looking to exploit vulnerable decentralized finance, or DeFi, protocols, and projects for their own gain. Earlier this month, the Ethereum-Solana Wormhole token bridge suffered the biggest hack of 2022, with $321 million lost due to a signature verification vulnerability. Such exploits have gotten increasingly sophisticated over…
In brief The European Union has been talking about central bank digital currencies for some time now. Yesterday, the EU finance chief said that early next year a bill for a digital euro would be proposed. A bill for a digital euro will be proposed early 2023, EU finance bigwigs announced yesterday. In an announcement first reported by Politico, EU…
