Category Archives: Cryptocurrency News

Fidelity Investments Will Give Retirement Account Holders the Opportunity to Invest in Bitcoin

Fidelity Investments, a large American asset management firm, will allow its clients to invest part of the funds from retirement accounts in bitcoin. According to The Wall Street Journal and The New York Times, these are 401(k) retirement accounts – these are corporate savings retirement accounts. The funds are not taxed and are automatically transferred by the employer to the funds chosen by the employee. Fidelity will provide an opportunity to invest up to 20%…

Robinhood lays off 350 employees due to falling shares of the company

Vlad Tenev, CEO of stock and cryptocurrency trading platform Robinhood, said the firm is laying off 9% of its employees — roughly 350 people — as the company’s stock plunges. According to a blog post, this decision had to be made due to changing customer behavior. The company monitors how its clients invest in the face of global conflict, economic uncertainty and high inflation. According to TradingView, the company’s shares are down 38% in the…

Bybit Adds Cryptocurrency Options Trading

Singapore-based crypto exchange Bybit expands its range of services and products for institutional traders. Bybit has announced the admission of customers to trading cryptocurrency options. The innovation will allow users to trade options and perpetual assets in US dollars. The crypto exchange community has long demanded that options be added to the company’s product line. Investors, the exchange says, want to trade these products to hedge risk and give traders the opportunity to diversify their…

Peckshield warned users about a phishing attack on Stepn’s Web3 project

Cybersecurity agency Peckshield reported that attackers flooded the Internet with phishing sites of the Stepn game project to steal the seed phrases of users’ wallets. Blockchain security experts at Peckshield have tweeted that scammers are creating pages that mimic a popular site. Experts explained that the attackers are placing a fake MetaMask plugin in the browser, with which they steal seed phrases from unsuspecting Stepn users. After stealing the seed phrase, hackers gain full control…

Bored Ape Yacht Club Instagram account hacked by hackers

On the official Instagram account of Bored Ape Yacht Club (BAYC) developers, unknown people posted information about the distribution of tokens and stole 91 NFTs worth $2.8 million from deceived users. The BAYC developers themselves tweeted about the incident. The fake Instagram announcement was about some kind of upgrade and giveaway of LAND tokens. To take part in the distribution, users had to connect their Metamask wallet. To lure customers, the attackers used the Bored…

The Australian regulator presented a plan for the development of rules for the crypto industry

The Australian Prudential Regulatory Authority has outlined a strategy for developing regulations to oversee the digital asset industry and manage associated risks. Australian Prudential Regulation Authority (APRA) Chairman Wayne Byres sent a letter to the entities regulated by the agency. The letter outlines the steps APRA intends to take to mitigate new risks associated with the industry’s rapid growth. APRA suggested that before providing services to companies operating in this sector, organizations conduct their due…

Sanctions are not for everyone: which crypto exchanges continue to work with Russians

Cryptocurrency trading platforms, one after another, limit Russian clients. However, not everyone does this. We publish the complete list. The US Treasury Department and the European Central Bank announced in early April that sanctions against the Russian economy would be useless unless access to cryptocurrency platforms was cut off from the world market. The American crypto exchange Coinbase said it would comply with the requirements of the White House and blocked 25,000 customer addresses from…

CedarFX – Trade with the First Eco-Conscious Broker

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get…

AUSTRAC reported an increase in the number of cryptocurrency-related crimes

The Australian Center for Accounting and Analysis of Financial Transactions (AUSTRAC) reported that with the development of the digital asset industry, cases of their use for illegal purposes have become more frequent. “Cybercrime is a growing threat to Australians. According to the Australian Cyber ​​Security Center (ACSC), 500 ransomware attacks were reported in fiscal year 2020-2021, up almost 15% from the previous year,” the report says. The report was published just after the regulator issued…

Sports platform NFT Rario raised $120 million in funding

Cricket marketplace NFT Rario has closed a $120 million funding round. Singapore-based cricket-themed non-fungible token (NFT) trading platform Rario has announced the closing of a $120 million funding round, the company announced in a blog post. The funding round was led by Indian fantasy sports company Dream Sports. With the funding, Rario will now offer NFTs to the 140 million users of the Indian platform. Given the attention of Indian regulators to cryptocurrencies, the site…