Crypto news

BitMart: Crypto-exchange loses $ 150 million to hackers

BitMart: Crypto-exchange loses $ 150 million to hackers

Cryptocurrency exchange BitMart says that hackers have stolen around $ 150 million (£ 113 million) in tokens from their “hot wallets.” Those affected, one that stores Ethereum and one tokens from Binance Smart Chain, “carry a small percentage of assets on BitMart and all of our other wallets are safe and unharmed,” he said. But the first security company to …

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Ubisoft NFT, called ‘Digits’, are launched for in-game items

Ubisoft NFT, called 'Digits', are launched for in-game items

Gaming titan Ubisoft has announced its new system for bringing NFT to its game elements, starting this week. Non-fungible tokens have increased tremendously in popularity and are widely used for digital art collectibles. Ubisoft’s system, called “Digits”, will be offered as in-game digital items with unique serial numbers, which can be bought and sold. Critics argue that NFTs are bad …

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Bitcoin’s ‘founder’ earns the right to keep billions of dollars

Bitcoin's 'founder' earns the right to keep billions of dollars

A computer scientist who claims to have invented Bitcoin won a court case that allowed him to keep a cache of the cryptocurrency worth billions of dollars. A jury rejected claims that Craig Wright’s former business partner was owed half of the assets. As a result, Wright will retain 1.1 million Bitcoin, worth $ 54 billion (£ 40 billion). However, …

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Bank of England warns of cryptocurrency risks

Bank of England warns of cryptocurrency risks

Fast-growing cryptocurrency assets could pose a danger to the established financial system, a senior Bank of England official told the BBC. Although not much of the UK household wealth is currently held in assets like Bitcoin, they are becoming more common, said the Bank’s Deputy Governor Sir Jon Cunliffe. If its value falls dramatically, it could have a ripple effect, …

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Watchdog Bans Seven Ads In Crypto ‘Red Alert’

Watchdog Bans Seven Ads In Crypto 'Red Alert'

The UK’s ad watchdog has banned seven cryptocurrency ads. The Advertising Standards Authority (ASA) says monitoring crypto assets, such as Bitcoin, is a “red alert priority” due to concerns that many advertisements do not fully convey the risks of investing. The banned ads included a promotion from a pizza chain and Facebook ads for a large cryptocurrency exchange. The ASA …

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BBC Bitcoin Mining Report Used in Crypto-Scam

BBC Bitcoin Mining Report Used in Crypto-Scam

Chiranjeevi lives in Hyderabad, India, with her young family. He is a smiling guy, glass half full, naturally positive and full of energy. He’s also smart and works at an Indian tech company. They are the least likely person, you would think, to be the victim of an online scam. However, in October he was cheated out of his life …

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Cryptocurrency: Cardiff terrorist Khuram Iqbal jailed for trading Posted 3 days ago

Cryptocurrency: Cardiff terrorist Khuram Iqbal jailed for trading Posted 3 days ago

A convicted terrorist has been jailed for 16 months for his cryptocurrency trading on the dark web. Khuram Iqbal, 29, from Cardiff, was originally imprisoned in 2014 for three years and three months for spreading terrorist publications and possessing terrorist information. He was released on leave in May 2015, but returned to jail in 2016. Iqbal violated a 10-year notification …

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Arsenal fan token posts broke advertising rules

Arsenal fan token posts broke advertising rules

A website and Facebook post by soccer club Arsenal promoting cryptocurrency-based fan tokens broke advertising rules, a watchdog ruled. The Advertising Standards Authority (ASA) argued that the club “failed to illustrate investment risk.” It stated that “the advertisements must not reappear in the denounced form.” Arsenal said they will seek an independent review of the ruling, adding that the club …

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