Opinion

Nicholas Percoco, the chief security officer of Crypto exchange Kraken has warned the crypto community of a new phishing scam. Percoco revealed this on Twitter with a series of tweets in which he explained the process used by cyber criminals to dupe victims. Scammers pretend to work for legit crypto companies According to Percoco, scammers use fake identities and information to scam victims. Firstly they pretend to be part of the listing teams on cryptocurrency exchanges like Kraken to lure…

Digital currency is wildly seeking after mainstream status, and doubtlessly, the tenacious fall of crypto costs is antagonistically adding to its goals. Nonetheless, there is a whole other world to acknowledge formal reception rather than crypto’s undeniable prices. The primary use of cryptocurrency isn’t for the store of value that is broadly becoming a trend. Instead, cryptocurrencies are an advanced type of cash; consequently, their essential use case lies in facilitating exchanges. Crypto’s dominant selling point is its quick exchanges,…

Major cryptocurrency exchange OKEx announced today that it halted all withdrawal services. This is coming after the exchange lost touch with the Founder Star Xu, one of the exchange’s private key managers. Xu was reportedly taken away by the police and is cooperating with the authorities in an investigation. Following the event, the company said it couldn’t communicate with him, hence the suspension. “One of our private key holders is currently cooperating with a public security bureau in investigations where…

Crypto.com, a well-known name in the world of cryptocurrencies, has recently announced surpassing over 5 million users on its platform. Founded in the year 2016, Crypto.com grew rapidly with its visa-based crypto debit cards and then forayed into a “super-app” letting users trade as well as earn cryptocurrencies in one place.  Upon reaching this milestone, Kris Marszalek, CEO of Crypto.com, said, “ Crypto.com has been very fortunate to grow from 1m users to over 5m on the platform in only…

A project seeking to develop Monero Atomic swaps has raised $293,000 in 48 hours. Monero Space, a project focused on developing the Monero ecosystem, had tweeted a link to the fundraising page on October 12, which sought to raise around 2727 $XMR through crowdfunding. The Monero Atomic Swap has gained increasing traction within the Monero community, with key influencers promoting the fundraiser. So far, the community has reacted positively to the project, with about 2295 XMR ($293,000) raised in 48hours.…

If you’re one of those who are carrying a Brainwallet using passphrases from your favorite movie or book, they’re extremely unsafe, says a new research bit from BitMEX. Brain wallets are basically tools that let users choose a simple password, and those passwords are further encrypted with an SHA-256 hashing algorithm. Even though the encryption is practically impossible to reverse engineer, it is highly prone to brute force methods. According to the experiment, eight Bitcoin Brainwallets were created using paraphrases…

Decentralized finance (DeFi) has enjoyed a significant year with several protocols exceeding expectations. Crypto enthusiasts poured into the sector as several DeFi protocols managed to increase their value exponentially. Ethereum leads the way. DeFi protocols have always been at the forefront of discussions within the crypto community since its boom began. Several blockchain projects have tried to focus on decentralized finance, but not surprisingly, Ethereum holds commanding dominance.   DappRadar revealed in its latest report that 96% of DeFi transactions are made…

The Chinese digital yuan trial has gone life following the big announcement made last weekend. During the weekend, China's southern city of Shenzhen, a major Chinese city, announced that it was giving away 10 million yuan ($2 million) in its Central Bank Digital Currency. According to them, the digital yuan can be used across 3,389 stores. The main objective of the giveaway is to encourage the usage of the new government-backed digital currency. Close to 2 million people applied to…

Popular cryptocurrency exchange and card provider, Crypto.com has released its latest interest rate for the crypto assets available on its soft staking program.  Users can earn passive income with soft staking by just having a balance in their crypto.com exchange wallet. No commitment or lockup period is required for the staked assets. However, how much reward a user can earn depends on their daily wallet balances.  The feature is available for 26 cryptocurrencies, including Bitcoin, Ethereum, USDT, XRP, and 23…