Ukraine legalized cryptocurrency

The Verkhovna Rada of Ukraine adopted the bill “On virtual assets”, which will legalize cryptocurrency and virtual hryvnia. The bill on its legal use for settlement operations was supported by 276 deputies, six voted against, 71 deputies abstained. The document regulates the circulation of virtual assets in the country, which allows market participants to use […]

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SEC: Stay Vigilant Against Cryptocurrency Related Frauds

  The U.S. Securities and Exchange Commission has released a new alert that fresh illegal schemes are targeting digital assets.  According to security experts, individuals and organisations must be cautious against crypto-related frauds or other “get rich fast” schemes since social engineering attempts are rising.  The SEC’s Office of Investor Education and Advocacy and Division […]

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As Crypto Exchange Attacks Surge Users Must Protect Their Crypto Wallets

As cryptocurrency goes from being an academic concept to becoming a type of transaction that has the potential to significantly reduce cyber fraud, cryptocurrency crimes have seen a likewise rise with cybercriminals targeting cryptocurrency exchanges and crypto-wallets.  Despite the global pandemic wreaking havoc on economies, cryptocurrency has continued to grow, leading to a rise in […]

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Crypto exchanges and their customers must protect themselves as attacks continue

Within the past several years, cryptocurrency has gone from a niche hobby to a mainstream concern. Cryptocurrencies like Bitcoin, Ethereum, and even Dogecoin have generated widespread interest, particularly as their value has risen. This interest has penetrated well beyond financial speculators and into the public at large. The rise of these currencies has also generated […]

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Eastern Europe is a Hotspot for Illegal Cryptocurrency Trading

  According to a new study, Eastern Europe is a hub for illicit cryptocurrency operations. According to Chainalysis data published on Wednesday, Eastern European cryptocurrency addresses contributed $815 million to investment ponzi scams that attract customers with false promises of large returns between June 2020 and July 2021. Ukraine, in particular, provided a large amount […]

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