Tag: cryptocurrency
Cybercriminals loot over $600 million from crypto projects in first half 2023
According to analysis from the Atlas VPN team, various crypto projects and their clients lost a whopping $666,354,302 to 125 cyberattacks in the first half of 2023. Nevertheless, compared to the same period last year, crypto-related cyber incidents and losses are declining. The Binance Smart Chain (BSC) ecosystem experienced the highest number of incidents, totaling 30,…
Tech Digest daily roundup: Meta plans text-based Twitter rival
Meta has shown staff plans for a text-based social network designed to compete with Twitter, sources have told the BBC. It could allow users to follow accounts they already follow on Instagram, Meta's image-sharing app. And it could potentially allow them to bring over followers from decentralised platforms such as Mastodon. A Meta spokesperson confirmed…
Tech Digest daily roundup: Cryptocurrency should be regulated as type of gambling, UK government told
UK authorities should regulate cryptocurrency trading as a form of gambling rather than a financial service, parliament’s Treasury committee has said after a fresh inquiry into the industry. The government must avoid wasting more taxpayer funds promoting tech innovations such as digital tokens, without demonstrating the clear benefits to the public, MPs said in a report…
Americans lost nearly $4 billion to investment scams in 2022
Over the past few years, investment scams have become increasingly sophisticated and widespread, taking advantage of the rise of digital technologies. According to data analyzed by the Atlas VPN team, Americans were scammed out of $3.8 billion through fraudulent investment opportunities. Compared to 2021, the amount of losses has grown by 116%. Many of these scams…
Tech Digest daily roundup: ChatGPT creator develops AI detection tool
A new tool has been launched to detect AI-generated text - in what could be a huge setback for students looking to cut corners. In a boost for teachers and employers, the start-up that created ChatGPT - OpenAI - now offers a way of determining content produced using artificial intelligence. Announcing the news in a blog post,…
7 features about Litecoin that make it a great altcoin
Image by rawpixel.com on Freepik Litecoin (LTC) was among the first altcoins to emerge. Charlie Lee, a former Google developer, founded the initiative in October 2011. Although Litecoin is comparable to Bitcoin in many ways, some fascinating differences exist. This has aided Litecoin in finding an audience and becoming an…
Tech Digest daily roundup: FTX owes 50 largest creditors nearly $3.1 billion
Cryptocurrency exchange FTX owes its 50 largest creditors almost $3.1bn (£2.6bn), according to a court filing. The embattled firm, which filed for bankruptcy in the US last week, says it owes about $1.45bn to its top 10 creditors, but has not named any. The collapse of the world's second largest crypto exchange shook confidence in…
Experts Predict 8 Biggest FinTech Trends For 2023
From tribe-based banking to embedded finance and everyday cryptocurrency payments, here’s what to expect in the FinTech industry in the year ahead.. The financial technology sector is rapidly evolving with traditional methods of banking now being replaced with digital solutions, in a bid to make things faster, easier and, hopefully, more streamlined for both businesses…
Top 3 Safe Platforms to Exchange BTC to ETN
The highest priority for any cryptocurrency investor when exchanging assets is the safety of their funds. Choosing a reliable and secure cryptocurrency exchange is of utmost importance when beginning your crypto journey. However, if you are looking for the best place to swap Bitcoin for Electroneum, the choice might be difficult to make. ETN is…
Is Ethereum the Future Now it Has Dropped its Energy Consumption?
There has long been a debate on what the future of cryptocurrency could be, with there being various different options that could emerge as major players in the future. However, most people believe it will come down to either Bitcoin or Ethereum. They are the modern-day equivalent of VHS and Betamax, or Mp3 and the minidisc.…
