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Ethereum 2.0 Testnet to Launch: Can the Blockchain Network Keep Up With the Surge in Demand?

Over the last couple of months, Ethereum has been experiencing a lot of exciting news, with its rally on the crypto market and its plans to launch its final 2.0 testnet, “Medalla.”   What Explains The Higher Transaction Records on Ethereum? The number of transactions on Ethereum has seen an all-time high and has shot up over the last few months. However, crypto … Continue reading Ethereum 2.0 Testnet to Launch: Can the Blockchain Network Keep Up With the Surge in Demand?

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China-based crypto investors launched a cryptocurrency scam of their own, after falling prey to a number of crypto schemes themselves. Defrauded Investors Seeks Vengeance The targeted investor, dubbed Yang was reported to have created a fake investment scheme, after losing his own digital assets in a cryptocurrency MLM project. Not only did he fail to … Continue reading Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

10,000 New Blockchain Companies Founded in China Despite COVID-19

COVID-19 has not prevented blockchain companies in China from emerging at a dramatic speed. Blockchain On the Rise in China Data from LongHash indicated that new blockchain firms have been emerging at a speedy rate despite the pandemic, and even recorded an all-time high in 2020. The data shows that the biggest number of founded … Continue reading 10,000 New Blockchain Companies Founded in China Despite COVID-19

Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

As Bitcoin is surging in popularity and value, fraudulent cybercrimes revolving around the cryptocurrency are also on the rise. Recently, a Bitcoin sex scam that has been running since 2015 accumulated fraudulent funds of approximately $115,000 before being detected. In order to line their Bitcoin crypto wallets, Bitcoin cyber scammers operated by falsely declaring to … Continue reading Bitcoin Sex Scam Claims Another Victim and Generates $115,000 BTC

Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Australia recorded one of its first cases of cryptocurrency theft charges recently.  First Australian to Be Charged with Crypto Theft Australian 25-year-old Kathryn Nguyen has been arrested and sentenced to a maximum of 2 years and 3 months in prison for stealing more than 100,000 Ripple (XRP) tokens in January 2018. Along with an accomplice, Nguyen hacked a 56-year-old man’s cryptocurrency account, managing to swap the … Continue reading Australian Female Hacker Sentenced to 2 Years of Prison for $400K Ripple (XRP) Crypto Heist

Malaysian Crypto Miners Caught Stealing $59,700 of Electricity from State on Monthly Basis

Malaysian police recently arrested five cryptocurrency mining operators that were caught stealing electricity from a state-owned power firm, Sarawak Energy Berhad (SEB). Officials Crack Down on Cryptocurrency Mining Operations During a joint inspection put together by SEB, Malaysian police and the Electrical Inspectorate Unit (EIU) – a department operating under Sarawak Ministry of Utilities – discovered the illicit activities. The operation had … Continue reading Malaysian Crypto Miners Caught Stealing $59,700 of Electricity from State on Monthly Basis

Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy

Germany’s Federal Ministry of Finance (BMF) and the Federal Ministry of Justice and Consumer Protection (BMJV) have introduced a bill that highlights the adoption of digital securities as a crucial element of Germany’s blockchain strategy. Germany’s official blockchain strategy will feature the adoption of digital securities at its core according to a new draft bill … Continue reading Germany's Federal Ministry of Finance Puts Digital Security Adoption at Core of Blockchain Strategy

Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism

To recover from COVID-19 tourism losses, South Korea has introduced a blockchain-powered digital app for visitors of Jeju Island to ensure safe travels.  Even among South Koreans, Jeju Island is a hot spot for tourism and boasts of approximately 15 million visitors per year.   COVID-19 Travel App  In order to stimulate the tourism industry during COVID-19 and to ensure safe traveling for all, a decentralized identity … Continue reading Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism

Ransomware Attack Directed Towards University of California Generated 118 Bitcoin

The University of California, San Francisco’s plans to further COVID-19 vaccine research were disrupted by a ransomware attack on the school’s servers.  Ransomware Operation Hits US, Seeks $3 Million  School files, transcripts, employee, and student-related data were reported to have been stolen during the hack. The University of California, San Francisco (UCSF) was working on a vaccine for … Continue reading Ransomware Attack Directed Towards University of California Generated 118 Bitcoin

CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

The United States Commodity Futures Trading Commission (CFTC) has filed a complaint with the New York Southern District Court against Benjamin Reynolds for his involvement in a fraudulent Bitcoin Ponzi scheme operating under a Bitcoin trading and investment company, Control-Finance. According to the proposed judgment submitted by the CFTC, Benjamin Reynolds will have to pay … Continue reading CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found

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