Category Archive : Exchange News

Cryptocurrency Websites Report Phishing Attacks Amid Market Meltdown

As the crypto market crashed, several big crypto data websites were affected by cyberattacks, prompting users to connect their crypto wallets via a fraudulent pop-up.

A fraudulent popup appeared on several famous websites, including CoinGecko, Etherscan, DeFi Pulse, and others, encouraging users to connect their MetaMask wallets to use on the site.

This wallet is a cryptographic software wallet that can be accessed through phone or browser.

As reported with an ape skull logo and a now-disabled nftapes.win domain, the phishing attack appeared to promise a link to the Bored Ape Yacht Club initiative. To fix the issue, CoinGecko founder Bobby Ong informed CoinDesk that they are examining the core cause of the attack.

Ong believes the event was caused by a malicious ad script from Coinzilla, a cryptocurrency ad network.

Meanwhile, Etherscan said in a Tweet: “We’ve received reports of phishing popups via a 3rd party integration and are investigating. Please be careful not to confirm any transactions that pop up on the website.”

This type of cyberattack usually includes sending fake communications that look to come from a trustworthy source. Email is the most used method of communication. The purpose behind conducting such attacks is to steal sensitive information such as credit card and login information or infect the victim’s computer with malware.

Check Point Research last year discovered a phishing attack that used Google ads to steal someone’s credentials or trick them into logging into the attacker’s wallet so that any transactions they attempted would be received.

However, it should be noted that the latest attack on cryptocurrency data websites occurred when stable coins such as Terra Luna and Coinbase had major outages.

Previously, top crypto exchange Coinbase experienced a massive outage amid crypto mayhem, particularly with the coin Terra Luna, raising investor concerns.

The Coinbase outage occurred as Binance, the world’s largest cryptocurrency…

Read more at www.news18.com

Gibraltar unveils new cryptocurrency rules against market manipulation

The overseas British territory wants to become a global hub for crypto firms.

Geography Photos | Universal Images Group | Getty Images

Gibraltar has unveiled new regulations for the cryptocurrency industry, taking aim at potential market manipulation and insider trading in the fast-evolving space.

The overseas British territory, located on the southern tip of Spain, published an amendment to existing regulations Wednesday requiring firms dealing in bitcoin and other digital currencies to respect the integrity of markets in which they operate.

In a guidance note for regulated crypto companies, the Gibraltar Financial Services Commission says firms must combat “manipulation or improper influencing of prices, liquidity or market information, or any other behaviour which is inimical to market integrity.”

“We were the first jurisdiction in 2018 to launch the legal and regulatory framework, and we’re now the first jurisdiction to launch a framework for market integrity,” Albert Isola, Gibraltar’s minister for digital and financial services, told CNBC.

“The more there is around the world in terms of international standards for this space, the more trust, the more usage, and the more adoption we will have around the world,” he added.

Gibraltar’s big blockchain ambitions

While perhaps better known as a seaport and popular vacation spot, Gibraltar is a hub for a number of other industries, including financial services and gambling. Its latest move forms part of an ongoing bid to lead the way in regulation of the digital currency industry.

Despite its small size, Gibraltar has a track record of developing rules for the crypto market. The region, which borders Spain but is under British control, first introduced a licensing regime for blockchain firms back in 2018.

Some fairly large names have set up shop in Gibraltar and obtained licenses from local regulators, including FTX, Huobi and Bullish, which is backed by PayPal co-founder Peter Thiel.

Executives from Binance, the world’s…

Read more at www.cnbc.com

How Chris Dixon’s Dive Down The Crypto Rabbit Hole Made Him The World’s Top Venture Capitalist

The Andreessen Horowitz partner is the new no. 1 on Forbes’ 21st annual Midas List of top venture investors, thanks to savvy bets on tokens, NFTs and cryptocurrency exchange Coinbase. In fact, a dozen members of this year’s Midas List count Coinbase as one of their banner investments, third most of any company. For the rest of the Midas top 100, bios, analysis and more, please visit forbes.com/midas.


IN 2013, serial entrepreneur turned venture capitalist Chris Dixon was searching for the next big thing. The 1980s had personal computers, the 1990s the Internet and the 2000s mobile phones. A newly minted partner at VC firm Andreessen Horowitz, Dixon started chasing “moonshots” – virtual reality, 3D printing, drones.

But it was an early bet on Coinbase, the cryptocurrency exchange, that has defined Dixon’s career. His firm led a $25 million funding round into Coinbase in 2013. By the time Coinbase went public via direct listing in April 2021, Andreessen Horowitz had amassed a position of nearly 30 million shares (a 15% stake) across 14 more rounds. Those shares were worth about $10 billion – good for an approximately 60x return – at the end of Coinbase’s first day of trading. (The firm has since sold some shares, which now trade at about half that price.)

Coinbase is just the crown jewel in a portfolio that has made 50-year-old Dixon the new No. 1 on our annual Midas List of tech’s top dealmakers. Other big Dixon deals : Uniswap, a decentralized crypto exchange ($10 billion fully diluted valuation, which accounts for coins not yet in circulation), Avalanche, an open-source blockchain ($62 billion) and NBA Top Shot creator Dapper Labs ($7.6 billion).

Now splitting time between New York and California, Dixon is one of crypto’s elder statesmen – and deepest pockets. Thanks to the success of his debut crypto fund within a16z, as the firm is popularly known (for the number of letters between the “a” in Andreessen and the “z” in…

Read more at www.forbes.com

Today in Crypto: India Passes Crypto Tax Rules

Thanks to a new tax proposal passed by India’s Parliament, in one week, residents of India will have to pay a capital gains tax of 30% on crypto transactions, CoinDesk reported Friday (March 25).

Per the report, this resulted in “uproar and disappointment” from those in the industry. Aside from the capital gains tax, Indians buying crypto also face another 1% tax deducted at source, as well as taxes on crypto gifts. They are also unable to take deductions for losses.

In other news, Bitcoin.com wrote Sunday (March 27) that El Corte Ingles, the third-largest retailer and distribution company from Spain, will be rolling out a crypto exchange in partnership with Deloitte.

The exchange, called Bitcor, will offer bitcoin, ethereum and other cryptocurrencies.

El Corte Ingles reportedly wants to take advantage of its customer portfolio right now, as it already has an established target of investors. As its customers are usually “small savers,” the company feels they could be interested in crypto through a known company, rather than using a newer brand.

Furthermore, cryptocurrency might eventually have a new North American center if Alberta has its way, The Canadian Press reported Sunday.

Known for producing oil and gas, Alberta has a new goal of becoming a North American hub for companies working in the crypto industry. In a throne speech in February, Alberta’s UCP government said it had intentions to make legislation to “promote innovation” in the financial services sector, through letting companies test new products and services.

Per the report, there was also mention of future legislation to make Alberta a “modern electricity powerhouse” and magnet for newer tech, including cryptocurrency.

Finally, Bloomberg reported Sunday that Coinbase Global is close to acquiring Brazilian holding 2TM, which controls Latin America’s Mercado Bitcoin, the biggest crypto brokerage there.

This will happen by the end of April, according to local newspaper O Estado…

Read more at www.pymnts.com

Coinbase, Nasdaq Named Top 2022 Stock Picks at Oppenheimer

Oppenheimer has named cryptocurrency exchange Coinbase  (COIN) , financial-exchange titan Nasdaq  (NDAQ) – Get Nasdaq, Inc. Report and research firm S&P Global  (SPGI) – Get S&P Global, Inc. Report as its top stock picks for 2022.

The picks are based on four catalysts:

■ “Catalyst No. 1: Mainstreaming of digital assets/blockchain. We believe the adoption of digital assets in both institutions and retailers will continue.

■ “Catalyst No. 2: Web3, which is largely built on blockchain and focused on decentralization.


Read more at www.thestreet.com

Basin Street Properties offers cryptocurrency payments to brokers

Photo: Adobe Stock


Basin Street Properties announced this month it will offer brokers the option to receive bonuses and commissions in cryptocurrency.

Basin Street Properties, which manages seven commercial properties in Northern Nevada — including the 200 South Virginia, 50 West Liberty and 300 East 2nd Street high-rise office properties in downtown Reno — will be among the first real estate firms to offer cryptocurrency bonuses as alternative payment, according to a Nov. 8 press release.


“We constantly look for new ways to gain efficiency and improve how we function as a business partner,” Scott Stranzl, Chief Portfolio Officer for Basin Street, said in a statement. “Our brokers are essential in helping our tenants find the right office solution for their business and providing an option to pay brokers in crypto is another way to be accommodating, innovative and a good business partner.”


Brokers will have the option to receive payment in the cryptocurrency of their choice through Binance, the largest cryptocurrency exchange in the world. Cryptocurrency will be an additional payment option, not a replacement, according to Basin Street.


“Being an innovative company is essential in today’s business environment,” said Stranzl.  “Across all facets of our business we seek opportunities to improve and advance. Not all new technologies will stick, but we are open to testing, so we learn and ultimately find a better way.”


Read more at www.nnbw.com

Jack in the Box suing crypto exchange FTX, says it “brazenly” copied its Jack mascot

Restaurant chain Jack in the Box says it is suing cryptocurrency exchange FTX because it “brazenly and illegally copied or derived its ‘Moon Man’ mascot” from its established Jack mascot, and is doing damage to the Jack in the Box brand.

In a lawsuit filed in federal court in the Northern District of California this week, Jack in the Box claims that FTX’s Moon Man character, aka Lou Nar, “has a spherical white head also affixed to a talking human actor, with blue-dotted eyes, a nose, and a smile,” which is “strikingly similar to Jack. Both change their facial expressions and clothing throughout ads and appearances,” the suit maintains. Moon Man, however, is a “far inferior version” of Jack, the restaurant chain argues, and is “tarnishing Jack’s reputation to consumers, and/or blurring consumers’ association of FTX’s Moon Man with Jack.”

The company pointed to tweets about ads featuring Moon Man that were aired during a Major League Baseball game:

…viewers of that baseball game shared their reactions on Twitter as to who the “big head” might be, with one user posting a picture of Jack, stating that the Moon Man is the “Jack in the Box mascot.” Other members of the public have made statements such as “Oh look, it’s Walmart Jack in the Box!”, “Is it a dirty jack in the box thing?”, and “Jack in the Box’s drugged up cousin”, among others, which all demonstrate that viewers were associating the Moon Man with Jack. One Twitter user even tweeted a public post directly to FTX stating, “Hey, @FTX_Official, your mascot doesn’t look like the moon. He looks like Jack-In-The-Box with skin cancer.”

Jack in the Box served FTX with a cease-and-desist letter on October 15th, according to the lawsuit, notifying the crypto exchange that it was “infringing on JITB’s intellectual property and diluting its trademarks.”

In response, FTX said it would continue to use Moon Man in advertising, the lawsuit…

Read more at www.theverge.com

KuCoin — A Leading Crypto Exchange In The Market

KuCoin is the leading cryptocurrency exchange that was launched in September 2017. The platform initially began with the mission “People’s Exchange”. So far, it has lived up to this billing and now ranks as one of the Top 5 crypto exchanges in the market.

The platform has been in existence for more than four years now, and it has achieved many historical moments in the cryptocurrency market during the cycle of bullish and bearish trends. Significantly, Kucoin has experienced exponential growth in four years, earning more than 8 million users, and the highest daily transaction has surpassed $10 billion.

Kucoin was named as one of the best crypto exchanges of 2021 by Forbes Advisor. The crypto exchange has expanded its platform to create a positive impact for users in the crypto industry. It has done this through concerted efforts to lower the barriers for users to enter the cryptocurrency market with ease.

Moreover, KuCoin’s crypto network began to experience its rapid growth in 2018, while it took shape in 2019. The crypto exchange has more than 800 trading pairs, and 400 cryptocurrencies are listed on KuCoin. Its statistics show an average trading volume of $1.75 billion for 24-hours.

In fact, during 2020, Kucoin initiated a smooth-bull-run following the update on the security level of the crypto exchange. While the top trending talks of the cryptocurrency market covers Defi, NFTs, Meme tokens, GameFi, and Metaverse, KuCoin holds the top position on current hot topics regarding crypto exchanges. It has managed to sustain its features and developments to offer users with best cryptocurrency options.

The adoption of cryptocurrencies is huge as the crypto market is offering the best solutions for users. This mass adoption promotes the value of cryptocurrencies and makes it easy for users to understand the future of finance.

KuCoin Achievements

Over the past few years, Kucoin has provided the best crypto services for users as a trusted…

Read more at www.chiangraitimes.com

Bitcoin not gold is the new inflation hedge, says JPMorgan





Bitcoin not gold is the new inflation hedge, says JPMorgan | Fortune



Read more at fortune.com

Blockfolio App Rebrands to FTX

BERKELEY, Calif., July 28, 2021 /PRNewswire/ — West Realm Shires Services Inc., FTX Trading Limited, and Blockfolio Inc., the companies behind FTX.US, FTX.COM and FTX: Blockfolio respectively, today announced that the FTX: Blockfolio mobile app has rebranded as FTX (the “FTX mobile app” or the “FTX app”). In an effort to better serve retail traders, the rebrand cements the FTX mobile app as the easiest-to-use, safest and most powerful mobile crypto trading experience for users anywhere in the world.

Effective today, users of the FTX: Blockfolio (now the FTX app) will see the name change implemented automatically with zero impact on their current user experience. Since the acquisition of the world’s most popular bitcoin & cryptocurrency portfolio tracking application in August of…

Read more…