Mastercard launches crypto anti-fraud tool Crypto Secure

    Payments giant Mastercard launches Crypto Secure, a new software product designed to help banks and other card issuers identify and block suspicious transactions from crypto exchanges. The service is powered by CipherTrace, a blockchain security startup acquired by Mastercard last year. According to a CNBC report, Mastercard on Sept. 4 debuted a new piece of…

    Forbes: Over 51% of all Bitcoin’s daily trading volume is bogus

    Forbes’s new analysis of 157 crypto exchanges reveals that 51% of the daily Bitcoin trading volume is likely fake. “Wash trading” also benefits exchanges, allowing them to appear to have more volume than they actually do and encouraging more legitimate trading. The widespread practice of wash trading, which means phony or fake volume, and the…

    How crypto developers faked Solana’s DeFi ecosystem

    The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they’re moving to Aptos. An investigation by Danny Nelson and Tracy Wang published on CoinDesk. Something about Sunny Aggregator felt off-kilter to the cryptocurrency user known as Saint…

    Investors lost over $1 billion in crypto scams last year, FTC says

    In a report released Friday, the Federal Trade Commission (FTC), the enforcer of civil US antitrust law, revealed that the investors had lost over $1 billion in crypto-related scams, which have been growing due to a lack of regulations and proper education on digital assets. Bitcoin, Tether, and Ether become the top cryptos involved in…

    How celebrities and mega-companies impact mainstream crypto adoption

    From crypto industry giants to celebrity endorsements, “mainstream crypto” is more relevant than ever as outsiders join the decentralized movement. Does it help or hurt mainstream crypto when celebrities from outside the space endorse it? – examines Savannah Fortis of Be[In]Crypto. Crypto and the utility of blockchain-based solutions are no longer a fringe for those…

    Popular crypto data sites warn against ongoing MetaMask phishing attacks

    Etherscan, CoinGecko, DeFi Pulse, and many other sites displayed a suspicious pop-up asking users to connect their wallets. Initial indications suggest that malicious code via ads on the affected sites is the vector for the phishing attack. Platforms urged users to “not confirm any transactions” that popped up on its website. Crypto data websites Etherscan,…