Category Archive : Bangladesh

Time’s Up: Cryptocurrency Has Become a National Security Issue

Last month, the FBI announced that North Korean hackers had stolen more than $600 million in cryptocurrency from an online gaming company, Axie Infinity, in March 2022. The North Korean hacker unit, the Lazarus Group, has recently focused its cyberattacks on blockchain technologies, stealing an estimated $1.75 billion worth of cryptocurrency in recent years. North Korea’s cyber operations have been well documented in recent years, and the Lazarus Group itself has been heavily sanctioned by the U.S Treasury Department. However, questions remain about how Pyongyang’s cyber agents transfer stolen cryptocurrency into fiat currency for the Kim family regime. There are also allegations that Pyongyang uses stolen digital currency to bolster its nuclear arsenal. If these allegations are true, international sanctions have done little to stem the cryptocurrency-funded advancement of North Korea’s nuclear program. Instead, a tailored securities regulation plan to stem North Korea’s money laundering scheme should be implemented by the United States and its allies.

North Korean cyber agents switched out their digital tokens for ether using decentralized cryptocurrency exchanges….

Read more at nationalinterest.org

How Has Bitcoin Affected the Stock Market of Bangladesh?

Bangladesh is a developing country with a population of over 160 million people. According to the World Bank, Bangladesh has a GDP of $250 billion and is ranked as the 43rd largest economy globally. If you are thinking to invest in crypto you must know about Ethereum.

Growth of the stock market of Bangladesh

The Bangladeshi Stock Market is small but growing. As of April 2018, the market capitalization of the Dhaka Stock Exchange (DSE) was $39 billion. The DSE has two exchanges, the Dhaka Stock Exchange (DSE) and the Chittagong Stock Exchange (CSE).

In recent years, the Bangladeshi government has encouraged economic growth and development. In addition, the government has enacted several reforms to attract foreign investment, including simplifying the process for starting a business and introducing a new tax regime.

The Bangladeshi Stock Market has been increasing in recent years. In 2017, the DSE’s market capitalization increased by 50%, from $26 billion to $39 billion. This growth can largely be attributed to the government’s reforms and initiatives to encourage foreign investment.

Bitcoin has been growing…

Read more at programminginsider.com

Bored Ape NFT company raises around $285 million of crypto in virtual land sale – News

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Dubai’s developer Damac says will accept cryptocurrencies Bitcoin and Ethereum – News

The move will revolutionise future of real estate and provide convenience to investors worldwide

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8 Types of NFTs You Should Know About

Everyday we’re seeing a growing number of forms of NFTs roaming the internet. With the rapid evolution of the metaverse, here are 8 types of NFTs you need to know so far.

Today, non-fungible tokens (NFTs) have entered almost every aspect of the metaverse and the world of cryptocurrencies. Redefining the concept of assets and investments, the NFT market is a booming one that goes into billions of dollars. Additionally, the wide-ranging concepts of these tokens pique the interests of collectors as well as creators who are keen on buying different types of NFTs.

Earlier, making a copy of any artwork available on the web was a cakewalk. But with the introduction of blockchain technology, the scenario has changed. The blockchain network gives NFTs their authenticity certification, making them rare and exclusive. They can be traded but not duplicated.

Owing to their exclusivity, the craze of NFTs is such that several celebrities have entered the metaverse and made a mark. For instance, Bollywood stars like Amitabh Bachchan and Salman Khan have launched their NFT collections, while artists like Beeple and PAK have sold their NFT artworks for millions. Meanwhile, the Bored Ape Yacht…

Read more at www.prestigeonline.com

Who Are The Hackers Behind $625 Million Crypto Theft?

The U.S. Treasury Department has linked North Korean hacking group Lazarus to the recent theft of $625 million worth of cryptocurrency from the Ronin Network, an Ethereum-compatible blockchain tailored for the popular play-to-earn game Axie Infinity.

The hackers infiltrated the network last month, stealing about 173,600 ether, according to the Ronin Network, and 25.5 million USDC (a digital asset pegged to the value of the U.S. dollar and available on multiple blockchains including Ethereum and Solana). Blockchain analytics firm Elliptic says the group has managed to launder 18% of the stolen funds and continues to do so via Tornado Cash, a service that allows users to obfuscate their digital trails.

So what do we know about the culprits?

The Lazarus cyber collective has operated for more than 10 years with the North Korean government’s blessing, gaining notoriety for its attack on Sony Pictures in 2014 and an $81 million heist on the Central Bank of Bangladesh….

Read more at www.forbes.com

8 Bitcoin Facts: Why is This Cryptocurrency Bad for The Environment? | Earth.Org – Past | Present

When we talk about cryptocurrencies, Bitcoin dominates the headlines. The harbinger of the crypto-era debuted in 2009 and is still by far the most popular currency. However, there is a dark side to it. Bitcoin’s energy consumption is off the charts and each transaction consumes more energy than countries like Sweden or the Netherlands. Here are 8 Bitcoin facts that will help you understand why this cryptocurrency is so bad for the environment.

Cryptocurrencies are virtual currencies that can be traded or used to buy goods and services. Bitcoin is the first and currently the world’s largest digital currency and it has triggered the launch of hundreds of other cryptos in its wake. It is decentralised, meaning that it operates free of any central control or the oversight of banks or governments and instead relies on peer-to-peer technology to facilitate instant payments. Transactions are verified by individuals called ‘miners’ through high-powered computers. An increasing number of more traditional finance firms are investing heavily in the Bitcoin market, acknowledging some of its advantages such as high accessibility and proven security. Despite its popularity,…

Read more at earth.org

CoinMena launches cashback offer for cryptocurrency deposits – News

CoinMENA co-founders Dina Sam’an and Talal Tabbaa. — Supplied photo

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The Spanish entrepreneur shaking up the UAE’s crypto ecosystem – News

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Using blockchain for a social impact

Chennai:

Last week, we read how blockchain technology has gained currency in routing humanitarian aid instantly for the war-torn Ukrainians.

The quick-connectivity and the inherent transparency of blockchain makes it an ideal platform for humanitarian aid. In moments of crisis, it underscores the importance of seamless integration between the social networks that we use daily, and the financial infrastructure that has been historically siloed from those social networks. The Web 3.0 community rises to the occasion and the results would set a precedent for the future. Wars or otherwise.

Now, you will see some real world examples showing how this technology will translate the value impact of blockchain and crypto. For instance, in India, the Akshay Patra Foundation through the technology intervention of Accenture, is providing mid-day meals to millions of school kids by combining Blockchain with AI and IoT.

Another major impact can be seen in Philippines too. Poorer communities in the developing world bear the brunt of plastic pollution. A new digital payment system in Philippines has now sparked a clean-up revolution. An initiative by the Bounties Network, Coin.ph, and ConsenSys to…

Read more at www.dtnext.in