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

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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Blockchain and AI: A Cautious Tango

Blockchain and AI: A Cautious Tango

The worlds of blockchain and artificial intelligence (AI) are like two dance partners, each with their own distinct rhythm and grace. But when they come together on the dance floor, the result can be ...

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El Salvador's Bitcoin Dream: A Divided Nation, a Faltering Currency

El Salvador's Bitcoin Dream: A Divided Nation, a Faltering Currency

El Salvador's ambitious experiment with Bitcoin as legal tender, once hailed as a groundbreaking leap into the future of finance, is now facing a sobering reality check. Despite President Bukele's ent...

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Episode 33 - Crypto Surge & Surprises: Hay Token's Burn, Ripple's Odds, and Solana's Breakout

Episode 33 - Crypto Surge & Surprises: Hay Token's Burn, Ripple's Odds, and Solana's Breakout

Hello and welcome back to the Cryptolog Newscast! I'm your host, Jess, and today is October 23rd, 2023. We have a jam-packed episode lined up for you, diving deep into the hottest crypto headlines of ...

23 Okt 202313min

Episode 32 - Empire's Fall & Silent Regulators: Unraveling the Crypto Chronicles

Episode 32 - Empire's Fall & Silent Regulators: Unraveling the Crypto Chronicles

Hello and welcome back to another episode of Cryptolog Newscast, your trusted source for the latest and most significant happenings in the world of cryptocurrency. I'm your host, Jess, ready to guide ...

20 Okt 202311min

Episode 31 - From Triumph to Trial: Navigating the Uncharted Waters of the Crypto World

Episode 31 - From Triumph to Trial: Navigating the Uncharted Waters of the Crypto World

Welcome to another episode of Cryptolog Newscast, I’m your host, Jess. Today, we’re diving deep into a story that has sent shockwaves through the crypto community. We’ll unravel the dramatic rise and ...

9 Okt 202316min

Episode 30 - From Scandal to Strength: Navigating the Trials and Triumphs of the Cryptocurrency Frontier

Episode 30 - From Scandal to Strength: Navigating the Trials and Triumphs of the Cryptocurrency Frontier

Welcome to Cryptolog Newscast, I'm your host Jess, and today we have a jam-packed episode that you won’t want to miss. We’re diving deep into the tumultuous waters of the cryptocurrency world, unravel...

5 Okt 202314min

Episode 29 - From Justice Served to Eyeballs Scanned: Navigating the Highs and Lows of Today’s Crypto Landscape

Episode 29 - From Justice Served to Eyeballs Scanned: Navigating the Highs and Lows of Today’s Crypto Landscape

In the dynamic world of cryptocurrency, recent developments have stirred conversations among enthusiasts and investors alike. Pablo Renato Rodriguez, a co-founder of the infamous AirBit Club, has been...

27 Sep 202311min

Episode 28 - Decoding the Crypto Chaos: Billionaires, Influencers, and the Law

Episode 28 - Decoding the Crypto Chaos: Billionaires, Influencers, and the Law

In recent developments within the cryptocurrency realm, the UK has seen a surge in crypto-related fraud losses, prompting major banks like Chase UK, HSBC, and NatWest to ban or limit crypto purchases ...

26 Sep 20239min

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