If you’ve been following the crypto space in India, you’ve probably heard about FIU (Financial Intelligence Unit) and how it’s cracking down on exchanges that don’t follow the rules. But what exactly is FIU, and why does it matter for crypto traders? Simply put, FIU-IND is the watchdog that keeps an eye on financial transactions to prevent money laundering and…
In a brazen digital heist, cybercriminals impersonated Saudi Arabia’s Crown Prince Mohammed bin Salman this week, leveraging hacked social media channels to promote counterfeit cryptocurrencies. The incident has sparked alarms about rising memecoin scams exploiting high-profile figures. Elaborate Impersonation Scheme Hackers infiltrated the Saudi Law Conference’s official X account on February 17, rebranding it to mimic Crown Prince Mohammed bin…
An enigmatic whistleblower has sparked global intrigue after sending $2 million in Ether to WikiLeaks alongside explosive claims of militarised “brain-computer” technology. The transactions, laced with cryptic on-chain messages, allege widespread human rights violations tied to nanochip mind control. WikiLeaks The nonprofit WikiLeaks, renowned for publishing classified leaks, received the funds from “Hu Lezhi,” a pseudonymous programmer. His claims start…
The mysterious figure known as ArtForz remains one of Bitcoin’s most enigmatic and wealthy individuals. With a fortune tied to the early days of cryptocurrency, his story is a blend of innovation, controversy, and disappearance. How it all started ArtForz, an electrical engineer with a knack for computers, began mining Bitcoin in 2010 when the BTC cryptocurrency was worth just…
Argentina’s President Javier Milei is embroiled in a growing scandal after promoting the $LIBRA cryptocurrency, which skyrocketed in value before crashing dramatically. The incident has sparked outrage, fraud allegations, and even calls for impeachment. Investors are reeling from significant losses, while opposition leaders demand accountability. Who Are the Key Players in the $LIBRA Scandal? The controversy centres around President Milei,…
A seemingly minor technical feature once divided Bitcoin’s community, exposing clashing visions for the future of cryptocurrency. Let’s dive into the details. What Are Blocks in Blockchain? To grasp the conflict, first understand blockchain’s foundation. A blockchain chains together data-filled “blocks” secured by cryptography. Each block stores transaction details, with its capacity defined by block size. Bitcoin’s original 1MB limit,…
As the cryptocurrency market evolves, select upcoming ICOs are pioneering innovative blockchain solutions in DeFi, Web3 infrastructure, and sustainable technology. These projects showcase potential disruption in traditional finance, offering early-stage investment opportunities. Their emergence signals a maturing crypto ecosystem, moving beyond speculation toward real-world utility and institutional adoption. 1. EarnPark (PARK) It is a cryptocurrency investment platform designed to generate…
On January 26, 2018, hackers infiltrated Coincheck, a Tokyo-based cryptocurrency exchange, stealing $523 million in NEM tokens. The attack began at 2:57 a.m., exploiting malware on an employee’s computer. Shockingly, the entire fortune sat in a “hot wallet” a digital vault connected to the internet. Cybersecurity experts later called this a reckless oversight. Following this, Coincheck froze deposits, sparking panic…
Cryptocurrencies notorious volatility has fuelled demand for stablecoins. These are digital assets pegged to stable reserves like fiat or commodities. Currently, over 200 stablecoins exist, but only a handful dominate. Below, we dissect their types, top contenders, and challenges. Fiat-Backed Stablecoins Fiat-backed stablecoins mirror traditional currencies, offering stability through reserves. Each token equals one unit of a currency, typically the…
The U.S. Securities and Exchange Commission (SEC) and Binance have unexpectedly united to request a temporary halt in their high-stakes legal battle. Filed jointly on February 10, the motion seeks a 60-day pause, sparking speculation about shifting regulatory strategies. SEC and Binance’s Rocky Road to Regulation The SEC intensified its scrutiny of Binance in June 2023, alleging the exchange operated…
Goldman Sachs has ignited fresh excitement in cryptocurrency circles. Recent regulatory filings reveal the banking titan amplified its Bitcoin ETF investments dramatically. While specifics remain under wraps, insiders suggest this marks a pivotal shift for traditionally cautious institutions. Goldman Sachs Crypto Playbook Once sceptical of digital assets, Goldman Sachs now emerges as a crypto contender. Historically, the bank avoided direct…
Blockchain networks rely not only on code but also on human decisions to resolve disputes and implement upgrades. Two primary models, on-chain and off-chain governance, dictate how changes occur. While on-chain processes prioritise transparency through blockchain-based voting, off-chain methods depend on community discussions. Both systems balance decentralisation with efficiency, shaping the future of digital ecosystems. Onchain Governance On-chain governance lets…