Robinhood Users Can Buy Crypto Directly From Personal Wallet Trading platform Robinhood introduced Robinhood Connect that allows users to buy crypto directly from their wallet and withdraw it to self-custody. You do not need to go to the Robinhood app, if you have a Robinhood account, you can fund your wallet quickly and buy crypto directly. It makes it easy to on-ramp fiat to crypto. Now it is going to compete against Coinbase Pay and MoonPay. It is important to have a…
DEUS Finance Lost Over $6 Million When you interact with any crypto exchange and DeFi, you think it is safe to use. Otherwise, you would not use that exchange and DeFi in the first place. In case you hear about any security breach or hack, you don't want to do anything with that crypto exchange and DeFi. Decentralized Finance (DeFi) protocol DEUS became the latest victim of an attack and lost more than $6 million. Hackers launched their attack on the Arbitrum network and the…
Argentina's Central Bank Banning Payment Providers From Offering Crypto Services How do you get into crypto and buy cryptocurrency with fiat currency? Probably you use crypto exchanges or some sort of crypto services offered by payment providers. You can use your fiat currency and buy crypto. What if those payment providers stop facilitating crypto services? Argentina's central bank recently banned payment providers from offering crypto-related services, so they cannot make…
P2P Marketplace Paxful Is Back It is easy to use p2p platforms to buy crypto with fiat currency and sell your crypto to get fiat currency. One of the popular peer-to-peer (P2P) marketplaces Paxful halted its operation in April 2023 although its wallet was active. It was a sad news. Now Paxful is back and will continue its services. They tweeted about it since they are working on restoring functionality to their platform. Trusted and reliable p2p platforms can play an…
Social Media Scams Are On The Rise We are highly influenced by the people on social media. You do what other people say. Maybe you think they are experts, influencers, and what they preach is right. There is nothing wrong to follow someone you like on social media. But when you make any financial decision based on what they say without your analysis and research, you might become a victim of scams. Joseph James O’Connor has been charged with scamming others and stealing…
MetaMask Enables US Users To Buy ETH With PayPal When it comes to reducing friction and easily getting into crypto, the popular crypto wallet MetaMask plays an important role. People can buy crypto In the MetaMask wallet directly. The good news is, now US users are able to buy Ethereum (ETH) with PayPal. It is worth mentioning that the service of buying crypto in Metamask using PayPal is not available in Hawaii. MetaMask claims to be the first Web3 wallet that allows people…
Binance Pulling Out Its Operation Of Canada The largest and most popular crypto exchange Binance finally decides to quit its operation in Canada. Any crypto business does not want to decide to stop its operation in a particular country. Every company works to expand its operation, but when they face restrictions where there is nothing much they can do, it is time to take a tough decision. Crypto exchange Binance made an announcement on Twitter on May 12, 2023. They will…
Family Offices and High-Net-Worth Individuals Pay More Attention To Crypto How do high-net-worth individuals and family offices think about cryptocurrency and blockchain technology? Do they think crypto is a bubble that has no future or it's a good opportunity to invest and grow their wealth? According to KPMG China and Aspen Digital's recent study, 60% of high-net-worth individuals and family offices from Hong Kong and Singapore are positive about cryptocurrency and…
Japan Hit Hard by North Korean Hackers Is hacking becoming a threat to the Web 3.0 ecosystem? If people keep losing money due to exploits and hacks, that's an alarming sign. 2022 was the best year for North Korean hackers since they hacked and stole $630 million to $1 billion worth of cryptocurrencies. According to the blockchain analytics, and cryptocurrency compliance company Elliptic, Japan lost the most due to hacking by North Korean hackers. The most concerning part is,…
Do You Think Ledger Wallet Is The Best Choice? People use hardware wallets to secure the cryptocurrency since it gives a higher level of security. The private never leaves the device, but the new update of hardware wallet manufacturer Ledger is concerning. Ledget gets backlash from users and the crypto community for the new feature of Ledger Recover. Ledger users will be able to recover the seed phrase verifying their ID. This is a subscription-based service which raises a…
Are You Concerned About Telegram's Exploit Issue Of MacOS Device’s Camera? Do you use Telegram? Most people use Telegram. This app takes its position on many people's phones, laptops, and other devices. It is great to send messages, stay connected to a group, and get information instantly on Telegram. There is a security issue in Telegram that allows gaining access to camera systems of Apple macOS devices. Software engineer Dan Revah pointed out this exploit and that is a…
Only Buy Crypto Hardware Wallet From Official Website There is no need to explain why having a crypto hardware wallet is so important to store your crypto securely. You can disconnect from the internet and keep it offline. The most important thing is, the private key will not leave your device. You will get a higher level of security for your crypto assets. Seeing what's going on in the centralized crypto exchanges, more people think about using crypto hardware wallets. But…
Coinbase Introduces Zero-Fee Trading, Is That Really Zero Fee? One of the most popular crypto exchanges Coinbase introduces Coinbase One that is going to offer zero-free trading. Coinbase is criticized for charging higher trading fees. You will get a lower trading fee in other crypto exchanges. Many people first buy crypto in Coinbase. That is the exchange most people get their first experience in crypto. When I was new to cryptocurrency and excited to know about blockchain,…
Coin Cafe Paying $4.3 Million To Investors For Fee Scam Crypto trading platform Coin Cafe is found to defraud investors by charging excessive fees without informing the investors. The office of the Attorney General ordered Coin Cafe to refund $4.3 million that was obtained illegally. Brooklyn-based crypto trading platform Coin Cafe did not disclose properly how much they charge for their services. They provide storage service which is advertised as free. It attracts people's…
Is MetaMask Going To Withhold Users' Crypto For Taxes? One of the most popular crypto wallets MetaMask is doing an awesome job to onboard people into the crypto industry. They make it easy and simple to buy crypto with fiat currency. People can use PayPay to purchase Ethereum directly. But is Metamask going to withhold your crypto for taxes? People are talking about it which creates some noise in the crypto community. Popular crypto hardware manufacturer Ledger is heavily…
Crypto Exchange Hotbit Shutting Down Its Operations Hong Kong-based crypto exchange Hotbit made an announcement to close its operation on May 22, 2023. Customers are advised to withdraw their remaining assets from the exchange before June 21. Hobit ran its operation for the last five years with 5 million users. No one wants to close their business after running for five years. One of the former members of the Hotbit team was under investigation in August 2022. The situation…
Hong Kong Providing Retail Crypto Trading Licenses To Crypto Exchange Do you trade cryptocurrency? What is the crypto regulatory status in your country? Maybe cryptocurrency is banned in your country or it falls into a gray area and people avoid talking about it. If you do trading in the stock market, you can say that in public. But doing crypto trading is something you may not feel comfortable talking about in public. The environment you live in makes you feel like that.…
Losing $31.6 Million In DeFi Lending Protocol Fintoch's Exit Scam When you interact with the DeFi protocol, you get a feeling that it is safe. Since people have negative experiences in centralized crypto exchanges, they rush into Decentralized Finance (DeFi). DeFi is supposed to be decentralized and secured, so how come DeFi lending protocol disappears and pulls an exit scam? You cannot say any platform is decentralized only you see it says decentralized. Decentralized…
Euro Coin (EUROC) Is Now Available On The Avalanche blockchain If you are in crypto, you use stablecoins more or less. Stablecoin issuer Circle launches Euro Coin (EUROC) on Avalanche blockchain. They introduced Euro-based stablecoin on the Ethereum blockchain in 2022. Now EUROC is available on Avalanche. According to stablecoin issuer Circle, they take a multi-chain strategy for EUROC and as a part of that strategy, they introduced Euro Coin (EUROC) on Ethereum first and…
The Sandbox CEO’s Twitter Account Was Hacked To Promote Fake Airdrop When you see a tweet from the CEO of a popular cryptocurrency project, you usually have no doubt. The way scam and phishing attack increases, you might find it difficult to protect yourself. You can make a mistake clicking the link since you have no doubt. Arthur Madrid, CEO of The Sandbox, was the latest victim of Twitter account hacks. After hacking this Twitter account, the attacker started promoting…
Visa and Microsoft Participating Brazilian CBDC Pilot Program Like other countries, the Brazilian central bank Banco Central do Brasil is working on its Central Bank Digital Currency (CBDC). The official announcement of launching the Brazilian CBDC pilot program was revealed in 2022. Recently Brazilian central bank has made the final list of CBDC pilot participants. Both international and national companies are going to participate in this pilot program. The digital real…
DeFi Protocol Jimbos Lost $7.5 Million In ETH Exploiting and hacking the Decentralized Finance (DeFi) protocol has become a common target. Hackers usually figure out the vulnerability and take advantage of it to exploit and hack the protocol. Arbitrum-based DeFi Protocol Jimbos has been exploited and lost $7.5 million in ETH. The attacker took advantage of the lack of slippage control measures to exploit and get away with $7.5 million worth of Ethereum. According to…
Hacked DeFi Protocol Jimbos Offering Deadline to The Attackers To Return Funds The attackers exploited the Arbitrum-based DeFi Protocol Jimbos that cause to loss of $7.5 million in ETH. The Jimbos team offered the attackers to return 90% of the funds and keep the rest of 10%. If the team gets the funds, no legal action will be taken against the attackers. But if the attackers would not return the funds obtained by exploiting the Jimbos protocol, they would take legal action.…
Why Does CZ Think Buying A Bank Would Not Solve The Problem? Regulatory crackdown makes it hard to operate crypto businesses. Banking services facilitate the on-ramp and off-ramp of crypto. Otherwise, it would be difficult and big investors will be reluctant to invest in crypto. Silvergate, Silicon Valley Bank, and Signature Bank support crypto businesses in the US. But after the collapse of these banks, it becomes challenging to get banking services. Whatever regulators…
Crypto Exchange Bybit Exiting Canada Crypto exchanges are leaving the Canadian market one by one. One of the popular crypto exchanges Bybit is the latest exchange that decides to stop its operation in Canada. Due to regulatory security, it becomes more challenging to run crypto businesses. Bybit wants to provide a safe and sustainable trading experience for everyone. They want to follow rules and regulations to operate their business. But it becomes more challenging and…
Orbiter Finance Discord Was Hacked To Promote Fake Airdrop Orbiter Finance discord has been compromised recently. Hackers offer and promote fake airdrops of ORB tokens. People use Orbiter Finance that is a decentralized cross-rollup Layer 2 bridge. When you see some announcements in their official discord server, you usually have no doubt. Who wants to miss an opportunity to make money in crypto? So you will act quickly after seeing the announcement on the official discord…
Is OpenAI CTO Promoting Fake Crypto Airdrop? You work hard to earn something, but it is more difficult to protect that. Due to rising of crypto scams and hacks, many people lose their crypto assets. If victims know that it's fake and that is well-planned to scam people, they would not fall for that. So is OpenAI CTO promoting fake crypto airdrop? No, she is not. The Twitter account of OpenAI’s Chief Technology Officer was compromised. Hackers took control of her account and…
Atomic Wallet Exploited and Users Lost Their Funds Even though you intend to secure your crypto assets, there is something that is out of your control. No one wants to fall for any hacks or scams and ends up losing their cryptocurrency. Unfortunately, we see scams, exploits, and hacks in the crypto space consistently. There is no sign to slow it down. Looks like it keeps rising. The latest addition to it is Atomic wallet which is a non-custodial decentralized wallet. Your…
Be Aware Of Fake Uniswap Website If you land on a website and it looks suspicious, you will be careful. You will not interact with that website and stay away from that. How about landing on a website that looks legit but that's a fake website created by fraudsters? CEO of Uniswap Labs and the creator of the Uniswap protocol Hayden Adams was very surprised to see a fake Uniswap website. It shows that bad actors put their effort to make it look legit and pretty convincing. You…
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