Apple Inc users who have enabled an iCloud backup for app data could be at the risk of losing cryptocurrency stored in their MetaMask wallet. What Happened: In a Twitter update on Sunday, MetaMask warned users that they may be susceptible to phishing attacks if their Apple ID password “isn’t strong enough.” You can disable iCloud backups for MetaMask…
You Could Lose Your Crypto If Apple Password ‘Isn’t Strong Enough,’ Warns MetaMask
April 18, 2022
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Last-Minute Tax Tips for U.S. Crypto Investors
April 14, 2022
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NEW YORK—When accountant Zach Gordon gets calls from clients about how to handle cryptocurrency on their taxes, there is a common theme. “They have absolutely no idea,” says Gordon, a principal with Grassi Advisors & Accountants in Westchester, New York. It is not entirely their fault. The whole arena of cryptocurrencies like bitcoin is so…
Nexo and Mastercard Launch ‘World First’ Crypto-Backed Payment Card
LONDON—Crypto lender Nexo said it has teamed up with global payments company Mastercard to launch on Wednesday what it calls the world’s first “crypto-backed” payment card. It signals the latest move by crypto and incumbent financial networks to join forces as digital assets become more mainstream. Nexo said the card, available in selected European countries…
Nearly Half of Crypto Owners First Bought Digital Assets in 2021: Survey
Almost half of all cryptocurrency owners in the United States, Latin America, and Asia Pacific purchased the digital assets for the first time in 2021, according to a new survey from U.S. cryptocurrency exchange Gemini. The survey of nearly 30,000 people across 20 countries, which was conducted between November 2021 and February 2022, shows 2021…
Fraud Alert: This Doge-Named Crypto Is a Honeypot Scam
Blockchain security firm PeckShield on Sunday warned that DogeMother, one of the many Dogecoin offshoots, is actually a scam. DogeMother, which has a total supply of 1,000,000 tokens, was once touted as “the most caring” new coin that was “unruggable.” On its official website, it misleadingly claimed that one would be able to buy his or…
US Treasury Launches Campaign to Educate Public About Crypto Risks
The U.S. Treasury Department is launching an initiative to raise awareness about the risks of investing in cryptocurrencies as the digital asset moves from the fringes of the financial system to the mainstream, a top official said. The Treasury’s Financial Literacy Education Commission will create educational materials and organize outreach to inform the public about…
Capitol Report (March 9): Major US Companies Pulling Out of Russia; Amazon Probed for Lying to Congress
Congress has reached a deal on a government funding bill that’s worth $1.5 trillion. They’re also approving a White House request to spend billions in emergency money to support Ukraine. Dozens of the world’s biggest companies are cutting ties with Russia, affecting every corner of the economy. When it comes to producing energy in the…
Oil Prices Plunge; UK to Phase Out Russia Oil; Kremlin Says US Declared Economic War | NTD Business
The UK is phasing out Russian oil imports by the end of the year. The EU is facing pressure to join the ban. What would it mean for Europe? President Joe Biden is issuing an executive order on crypto. Is this good or bad news for digital assets? China state-backed hackers compromise U.S. government networks, according…
Expert on Volatile Oil Prices; Kremlin Says US Declared Economic War | NTD Business
The UK is phasing out Russian oil imports by the end of the year. The EU is facing pressure to join the ban. What would it mean for Europe? President Joe Biden is issuing an executive order on crypto. Is this good or bad news for digital assets? China state-backed hackers compromise U.S. government networks, according…
Coinbase Pays out $250,000 Bounty to Ethical Hacker Who Prevented Nuking of Entire Crypto Market by Reporting Critical Flaw
February 24, 2022
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An ethical hacker, who potentially saved the entire cryptocurrency market from disaster by discovering a flaw in Coinbase Global Inc. platform, has been paid a reward by the latter. What Happened The hacker, who goes by the handle “Tree of Alpha” on Twitter, said they were paid $250,000 by Coinbase as its largest-ever bounty. A flaw…
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