This winter has been a long one for the crypto industry, but it will come to an end. While many believe that warmer months are on the horizon––especially given the rising crypto prices and NFT sales volumes we witnessed early this year––we still remain in a state of uncertainty. To survive the remainder of this bear market, companies must remain…
The Public Company Accounting Oversight Board (PCAOB), a watchdog that oversees audits of public companies in the United States, recently issued an advisory that warned investors about proof-of-reserves (PoR) reports issued by auditing firms. Crypto entities may engage a service provider to issue “proof of reserve” reports. A new Investor Advisory from the PCAOB’s Office of the Investor Advocate urges…
Certain multisignature (multisig) wallets can be exploited by Web3 apps that use the Starknet protocol, according to a March 9 press release provided to Cointelegraph by Multi-Party Computation (MPC) wallet developer Safeheron. The vulnerability affects MPC wallets that interact with Starknet apps such as dYdX. According to the press release, Safeheron is working with app developers to patch the vulnerability.…
Certain multisignature (multisig) wallets can be exploited by Web3 apps that use the Starknet protocol, according to a March 9 press release provided to Cointelegraph by Multi-Party Computation (MPC) wallet developer Safeheron. The vulnerability affects MPC wallets that interact with Starknet apps such as dYdX. According to the press release, Safeheron is working with app developers to patch the vulnerability.…
According to Hong Kong police, in 2022 there were 2,336 reported crypto scam-related cases in which more than $216.6 million was lost. Although losses relating to crypto scams only constituted just over 10% of the nearly 23,000 reported technology crimes, they still accounted for more than half of the $407.7 million that was lost to online fraudsters. Crypto-Related Scams Constitute…
The latest update in the FTX bankruptcy case comes as a new deal was struck between the defunct cryptocurrency exchange and Abu Dhabi. A court document from the United States Bankruptcy Court for the District of Delaware on March 8 revealed that Alameda Research, the investment branch of FTX, will sell its remaining interest in venture capital firm Sequoia Capital…
The United Kingdom Financial Conduct Authority (FCA) continued its crackdown on illegal Bitcoin automated teller machines (ATMs) this week, announcing it had inspected several sites in East London suspected of hosting unregistered machines. As per an announcement by the FCA on March 8, the financial regulator stated that it had investigated several sites in the East London area alongside the…
Digital entertainment firm Animoca Brands announced plans Thursday for a new members-only club in Los Angeles. Called Club 3, it’s being launched in collaboration with the Planet Hollywood Group through a joint venture, Meta Hollywood. Exclusive clubs are not new to crypto and certainly not unique to Hollywood. In April 2021, Yuga Labs launched the immensely popular Bored Ape Yacht…
Bitcoin (BTC) traders remain sensitive even to small price movements as data shows liquidations climbing. As BTC/USD approaches $21,600 on March 9, those who are long BTC are seeing positions evaporate. Longs begin to disappear with BTC at three-week lows Despite consensus forming around Bitcoin retesting $20,000, small shifts in price are still taking their toll on traders. According to…
Internet users in Russia have been targeted in an email campaign advertising the launch of an alleged cryptocurrency issued by the state. Potential victims are encouraged to follow a link to the website of the fraudulent investment scheme, security experts said. Thousands of Investment Offers Entice Russians to Put Money Into Non-Existent Cryptocurrency Fraudsters have been sending emails to Russian…
