Amid the rapid evolution of decentralized finance (DeFi) and the broader Web3 landscape, security is of paramount importance. New threats continue to emerge, making it essential to understand attack patterns for risk assessment and reliability evaluation. In 2023 alone, over $990 million was lost or stolen, according to Cointelegraph’s Crypto Hacks database. This growing demand…

In the last week, several major financial regulators, both national and international, simultaneously produced new guidelines for decentralized assets. The European Banking Authority and the European Securities and Markets Authority proposed guidelines for assessing the suitability of management members in crypto firms, offering standardized criteria for evaluating their knowledge, expertise, integrity and ability to dedicate adequate time…

The price of Bitcoin broke through the $35,000 mark for the first time since May 2022, marking a staggering gain in the past 24 hours. The price of Bitcoin suddenly spiked upward on Oct. 23, with BTC gaining more than 10% from $31,000 to over $34,000. Less than two hours after breaking $34,000, Bitcoin reached as…

Cryptocurrency advocacy group the DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment of the U.S. Constitution. DEF filed an amicus brief to the U.S. Court of Appeals for the First Circuit on Oct. 20, supporting…

Sam Bankman-Fried’s trial is reaching its final stages over the next few days, with the prosecution scheduled to rest their case on Oct. 26 following the examination of almost 20 testimonies in the case. The prosecution presented a lineup of witnesses over the past three weeks, including former FTX employees, customers, investors, government officials, and…

Bitcoin hit new three-month highs on Oct. 23 as the week’s first Asia trading session produced snap gains. Bitcoin bulls face crunch BTC price resistance Data from Cointelegraph Markets Pro and TradingView showed BTC price adding momentum to reach $30,944 on Bitstamp. The largest cryptocurrency saw its first weekly close above $30,000 since the summer, going on to tackle levels…

FTX users are reportedly being targeted in a withdrawal scam. X (formerly Twitter) user and FTX creditor advocate Sunil cautioned FTX account holders about the phishing scam and urged them to avoid clicking on dubious links. Sunil’s X post highlights the ever-evolving tactics online scammers employ. FTX users have reported receiving deceptive emails purportedly sent by FTX…

Tether Holdings, the issuer of the world’s largest stablecoin by market capitalization, Tether, is reportedly preparing to update the frequency of releasing its reserve data reports. Paolo Ardoino, Tether’s chief technology officer and incoming CEO, disclosed that the firm plans to publish reserve data in real-time in 2024, Bloomberg reported on Oct. 20. Tether did not immediately…

Binance Visa debit card services will close down in the European Economic Area (EEA) on Dec. 20, according to an announcement by the cryptocurrency exchange on Oct. 20. Binance exchange accounts will be unaffected. According to a message to customers posted online, Binance’s card issuer, Finansinės paslaugos “Contis” — or Contis Financial Services — will stop…

The United States Treasury Department’s Financial Crimes Enforcement Network, or FinCEN, issued an alert for financial institutions as part of efforts to identify “suspicious activity” related to funding terrorist groups. In an Oct. 20 notice, FinCEN said that the militant group Hamas — behind the Oct. 7 attack on Israel — employed “fundraising campaigns involving virtual currency…