EP 17 CoinEx Loses $31 Million, Fake Trades Flood Decentralized Exchanges, AND PayPal's BIG Move in US Crypto Space – Find Out More!
Cryptolog Newscast13 Syys 2023

EP 17 CoinEx Loses $31 Million, Fake Trades Flood Decentralized Exchanges, AND PayPal's BIG Move in US Crypto Space – Find Out More!

PayPal's New MetaMask Move: PayPal, the renowned payment platform, has unveiled a new feature that empowers US users to liquidate cryptocurrencies through the MetaMask wallet. This move simplifies the conversion of major digital currencies like Bitcoin, Ethereum, Bitcoin Cash, and Litecoin directly into USD. This expansion is the latest in PayPal’s journey in the crypto space, having initiated cryptocurrency purchases in 2020 and partnering with hardware wallet leader, Ledger, in May 2023.

Decentralized Exchanges' Dubious Activity: An alarming revelation from Solidus Labs highlights that ethereum-based decentralized exchanges (DEXs) have witnessed wash trades amounting to $2 billion since September 2020. This fraudulent activity, which manipulates market prices, is rampant on DEXs primarily due to lax regulations and anonymity. With concerns mounting about the security of DEXs and the authenticity of the crypto market, calls for stricter regulations and anti-fraudulent measures are growing.

CoinEx's Distressing Breach: CoinEx, a notable cryptocurrency exchange, has confirmed a disconcerting breach where cyber miscreants pilfered around $31 million in cryptocurrency. Although the company pledges to compensate affected users fully, this incident casts shadows over the crypto security landscape, especially with the rising trend of attacks on cryptocurrency platforms. Reports connect some of these attacks to North Korea's Lazarus hacking group, pointing to the nation's increasing cyber threat in the domain.

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ep 11 Safeguarding Your Digital Treasures: A Guide to Preventing Crypto Scams

ep 11 Safeguarding Your Digital Treasures: A Guide to Preventing Crypto Scams

Hey there, crypto enthusiasts! 🌟 Welcome to another exciting episode of Cryptolog Newscast. Ever dazzled by the meteoric rise of Bitcoin or enchanted by the tales of overnight Ethereum millionaires? ...

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ep 10 The Dual Faces of Digital Currency: From Santa Monica Man's Laundering Scandal to the Rise of Crypto Millionaires

ep 10 The Dual Faces of Digital Currency: From Santa Monica Man's Laundering Scandal to the Rise of Crypto Millionaires

A new report by Henley & Partners reveals that there are now 88,200 millionaires in the world who have earned their fortunes through cryptocurrency. This represents a significant increase from the 48,...

6 Syys 20235min

ep 9 From Bull Market Beginnings to DMV Transactions: Arthur Hayes Highlights Bitcoin's Rise as Colorado Embraces Payments

ep 9 From Bull Market Beginnings to DMV Transactions: Arthur Hayes Highlights Bitcoin's Rise as Colorado Embraces Payments

BitMEX co-founder and former CEO Arthur Hayes believes that the Bitcoin bull market began in March 2023, despite the fact that the market has yet to fully realize it. The Colorado Division of Motor Ve...

5 Syys 20234min

ep 8 Mark Yusko's vision for the future of cryptocurrency.

ep 8 Mark Yusko's vision for the future of cryptocurrency.

In a recent interview, renowned American investor and hedge fund manager Mark Yusko shared his bullish outlook on the future of cryptocurrency. He believes that the long-term potential of the industry...

5 Syys 20233min

EP 7 A $700 Million Bonanza for the Winners of Crypto's Collapse: Lawyers

EP 7 A $700 Million Bonanza for the Winners of Crypto's Collapse: Lawyers

The collapse of the cryptocurrency market last year has led to a wave of bankruptcies, and lawyers and other professionals have been reaping major profits from the chaos. A New York Times analysis of ...

5 Syys 20233min

EP 6 ChatGPT Predicts Shiba Inu Price in 2024, 2028, 2032 and 2050

EP 6 ChatGPT Predicts Shiba Inu Price in 2024, 2028, 2032 and 2050

The meme cryptocurrency Shiba Inu (SHIB) has been one of the most closely watched tokens in its category due to its potential price trajectory in the years ahead. In a recent article, Finbold turned t...

5 Syys 20233min

EP 5 Bitcoin ETF Approval Could Disrupt Major Cryptocurrency Exchanges

EP 5 Bitcoin ETF Approval Could Disrupt Major Cryptocurrency Exchanges

The potential approval of a Bitcoin exchange-traded fund (ETF) in the United States could have a major impact on the cryptocurrency exchange industry. According to Bloomberg analyst Eric Balchunas, ET...

5 Syys 20232min

EP 4 Google Trends reveals that the organic search traffic for cryptocurrency has decreased to a five-year low!

EP 4 Google Trends reveals that the organic search traffic for cryptocurrency has decreased to a five-year low!

The latest data from Google Trends reveals that the organic search traffic for cryptocurrency has decreased to a five-year low. This could be a sign that the crypto curious are losing interest in the ...

5 Syys 20232min