Tag: Cryptocurrency

Cryptography and gaming collide in high-risk ‘play for profit’ economies

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Garender Thetadelaka says he has made up to $2,000 a month in the past year from his collection of digital pets, which he has been breeding and sending into battle to win cryptocurrency. The 28-year-old from Bangkok was playing Axie Infinity, one of a new breed of blockchain-based online games dubbed “play to win” that blends entertainment with financial speculation. These games can create profitable businesses amid the hype around NFTs and virtual worlds, attracting millions of gamers as well as billions of dollars from investors who see games as…

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EU targets crypto wallets in latest round of Russia sanctions

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The European Union on Friday targeted cryptocurrency wallets, banks, coins and trusts in the fifth package of sanctions against Russia in an effort to plug potential loopholes that could allow Russians to move money abroad. After the Russian invasion of Ukraine on February 24, crypto exchanges in the European Union were already required to impose sanctions preventing transactions from targeted individuals, but there were concerns that loopholes remained. The European Union said on Friday that it is extending the ban to include deposits to cryptocurrency wallets. “This will contribute to…

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NCPI says it is “not aware of any UPI crypto exchanges.”

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India’s National Payments Corporation (NPCI) said Thursday that it is not aware of any cryptocurrency exchange using the Unified Payments Interface (UPI) for transactions. “Referring to some recent media reports about purchasing Cryptocurrencies using a UPI, the National Payments Corporation of India would like to clarify that we are not aware of any crypto exchanges using a UPI,” the NPCI said in a statement. NPCI is the umbrella organization for all retail payments and settlement systems in India. It should be noted that UPI has crossed the trillion dollar mark…

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New crypto-mining malware used to target AWS Lambda: Researchers

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Malware is becoming an increasingly common way to compromise systems. This time around, cybercriminals are using malware to target advanced cloud infrastructures. Researchers at Cado Security have discovered a portion of malware that is specifically designed to target Amazon Web Services (AWS) Lambda cloud environments. The new malware, dubbed “Denonia,” is essentially a crypto-mining malware. It infects AWS Lambda environments and deploys infective crypto-generators who then automatically mine the Monero cryptocurrency. For starters, AWS Lambda is a computing platform used by more than 8000 companies, which is used to run…

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Robinhood starts rolling out a cryptocurrency wallet; This is what it offers

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US stock trading app Robinhood is set to launch its digital wallet feature to 2 million users. At the Bitcoin Conference in Miami, Florida on Thursday, Robinhood Chief Product Officer Aparna Chennapragada shared that customers who signed up for the WenWallets queue will be able to send and receive any of the cryptocurrencies currently available on Robinhood. WenWallet is a file crypto wallet It was launched by Robinhood Finance in September 2021. Crypto wallet allows users to store their cryptocurrencies securely. Currently, there are 16 cryptocurrencies available to trade on…

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Nearly Half of Cryptocurrency Owners Purchased Digital Assets for the First Time in 2021: A Survey

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Nearly half of all cryptocurrency holders in the United States, Latin America and Asia Pacific purchased digital assets for the first time in 2021, according to a new survey by US crypto exchange Gemini. The survey of nearly 30,000 people in 20 countries, conducted between November 2021 and February 2022, showed that 2021 was a successful year for cryptocurrencies, with inflation in particular leading to adoption in countries that experienced a decline in value. currency, according to the report. Gemini found that Brazil and Indonesia lead the world in digital…

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Trezor crypto hardware wallet confirms phishing attack in newsletters

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Trezor, a cryptocurrency hardware wallet provider, is the latest company to be targeted by cybercriminals. Hackers sent fake data breach notifications to crypto wallet users through the company’s mailing list. For non-starter cryptocurrencies (Ethereum, Bitcoin, etc.) and NFTs are stored in Something called – crypto wallet. These wallets are offline (for devices) and online (on the cloud). Cyber ​​security experts recommend using hardware wallets as they are more secure and reliable. To access any crypto wallet, you need something called a passcode, which is similar to your password. While creating…

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“People have lost their minds”: Binance CEO on the NFT frenzy

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Changpeng Zhao, CEO of Binance, is not a huge fan of non-fungible tokens (NFTs). He thinks the NFT craze is “crazy” and “people have lost their minds”. NFT is Anything starting from your art, A drawing, music, GIF, etc. or even a selfie can be converted to NFT. Any digital file can be converted to NFT on a distributed blockchain database. It’s a certificate of authenticity for artwork, music, video, and even tweets. In a recent interview with Fortune, Zhao said that whatever you think of NFTs, it cannot be…

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How the Next Big Ethereum Key Could Change the Crypto Mining Industry Forever

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Ethereum plans to do this by switching from a Proof of Work to Proof of Stake model. In today’s column, we take a look at how the new Ethereum upgrade could change the crypto mining industry forever. Transaction Verification Cryptocurrencies use huge amounts of electricity to secure their networks. This is done via Something called crypto mining. Cryptocurrency mining is not just a way to add or create new coins. Crypto mining also involves validating cryptocurrency transactions on the blockchain network and adding them to a distributed ledger. For example,…

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Taiwanese puppeteers are looking to NFTs to keep their art alive

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Looking for a group of Taiwanese doll movers Use of non-fungible tokens, or NFTs, To help bring the traditional art form into the modern era and keep it relevant for a new audience. NFTs are crypto assets that represent a digital object such as a photo, video, or even land in virtual worlds, with some of them soaring in price so fast last year that speculators around the world sometimes “flip” them in a matter of days to turn a profit. Pili International Multimedia, which hosts Taiwan’s longest running television…

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