cryptocurrency
Forgetting a password is a pain, but it was a near catastrophe in this case when a man forgot the password for his Bitcoin wallet worth $3 Million! But after 11 years, security experts finally cracked the password, recovering his fortune and giving him immense relief. Per a report, security researchers have managed to recover a hefty sum of money by cracking a password to an inaccessible crypto wallet for 11 years. Electrical engineer Joe Grand, known online as "Kingpin", was brought in to crack the encryption on a file containing 43.6 BTC. The hefty sum of cryptocurrency was secured by a pass...
IBTimes
ValueWalk
Key diary datesIn spotlightThe EU’s landmark cryptocurrency law takes effect this week, and it doesn’t look like it’s going to be smooth sailing. The Markets in Crypto Assets regulation, MiCA, was finalised last year after years of haggling – and represents a world-first. MiCA adapts financial laws to apply to those trading bitcoin and its ilk, offering a modicum of consumer protection in a sector prone to scams and manipulation. But industry figures complain the rules are still unclear after being finalised late. With just days to go until the rules take effect, we haven’t identified a single...
Euronews (English)
The EU’s landmark regulation for crypto takes effect within the week – and it doesn’t seem that any major specialised players have succeeded in getting authorised. The new regime offers players like exchanges and wallet providers the chance to apply for a license that will let them operate across the bloc. Brussels has crowed about being the first global jurisdiction to set tailored rules for the cryptocurrency market – one that’s seen significant turbulence and manipulation. But, with the clock ticking down, the jury’s still out on whether the EU’s Markets in Crypto Assets law, MiCA, heralds ...
Euronews (English)
Turkey’s biggest cryptocurrency market BtcTurk said in an announcement on Saturday that their exchange had been hacked, while a popular Bitcoin analyst claimed that the amount of money stolen amounted to nearly 51 million euros. “Our teams have detected that there was a cyber attack on our platform on June 22, 2024, which caused uncontrolled withdrawals to be processed. Only some of the balances in the hot wallets of 10 cryptocurrencies were affected by the cyber attack in question, and our cold wallets, where most of the assets are kept, are safe,” the exchange said in the statement. A hot wa...
Euronews (English)
ValueWalk
NFTs entered the market with a grand explosion, generating absurd amounts of hype and completely taking over social media. But a combination of factors, including oversaturation and general pessimism sprouting from the COVID-19 pandemic, caused the popularity of NFTs to tank. As a result, the potential of NFTs seems uncertain. But where do we go from here? And can we expect that initial boom of popularity to eventually return? The Novelty and Explosive Popularity of NFTsNon-fungible tokens, or NFTs, exploded onto the scene in the late 2010s and early 2020s, emerging as a niche hobby and eventu...
Due
New York Attorney General Letitia James takes aim at NovaTechFx and AWS Mining in $1bn case. The court case brings charges against NovaTechFx (NovaTech), its founders Cynthia and Eddy Petion, and the cryptocurrency mining company AWS Mining Pty Ltd. (AWS Mining). Charges include mass fraud enveloped in a pyramid scheme that defrauded thousands of New York residents and left a $1bn crypto hole in the process. New York Attorney General wants restitution for Haitian fraud victimsThe court case alleges that the companies preyed upon Haitian New Yorkers in a scheme that targeted spiritual and praye...
Due
ValueWalk
Two people have lodged a civil claim against Hong Kong crypto exchange JPEX in a bid to recover more than HK$1.85 million, with a lawmaker saying 10 more plan to take similar action after falling victim to the city’s largest cryptocurrency scandal to date. Chan Wing-yan and Herbert Lam lodged their case at District Court on Tuesday, making it the first civil lawsuit filed against the cryptocurrency platform at the heart of an alleged fraud case involving more than 2,600 victims with losses totalling HK$1.6 billion. The pair filed a writ of summons against seven defendants including JP-EX Crypt...
Hong Kong Free Press
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