EU sets up crypto regulation
The European Council is out: there will be regulation for cryptocurrencies within the EU bloc. From 2024, crypto platforms will need a license to trade legally within the European Union.
The new legislation is designed to protect investors, the EU body says. A general framework for supply and de... Read more
German regulator warns of ‘Godfather’ malware attacks
Germany's finance regulator reports that more than 400 banking and cryptocurrency applications worldwide have been attacked by a malware variant known as 'Godfather'.
The German Federal Financial Supervisory Authority (BaFin) said it's unclear how the malware infects users' devices at the time o... Read more
G20 countries want to steer cryptocurrency regulation
The G20 wants to establish common ground for cryptocurrency regulation. More and more governments seek ways to oversee the growing market.
Ajay Seth, economy secretary at India's ministry of finance, disclosed the intention in a statement. India is currently president of the G20, an internationa... Read more
‘Crypto exchange FTX lost at least €970 million in customer funds’
Reuters reports that crypto exchange FTX is missing more than €970 million in customer funds. Founder and CEO Bankman-Fried allegedly moved as much as €9.7 billion to his own investment company.
The founder previously transferred $10 billion in customer funds to Alameda Research, a personal ... Read more
Brussels sets eyes on EU cryptocurrency tax
Officials have met to decide on an EU-wide cryptocurrency tax.
The European Commission will shortly start discussions with the union's treasuries to determine if the cryptocurrency market warrants a single EU tax structure.
As nations pursue various tax and rate structures for the expanding m... Read more
Google Cloud partners with cryptocurrency exchange Coinbase
Google Cloud announces a strategic partnership with Coinbase, a leading cryptocurrency exchange.
Cloud technology and cryptocurrency go hand-in-hand. In order to get the most out of the growing market, Google Cloud recently announced a strategic partnership with Coinbase, a leading cryptocurren... Read more
Cybercriminals steal nearly €600 million in hack on Binance BNB Chain
Cybercriminals captured about €586 million ($570 million) in a hack on Binance. The hack was possibly caused by a flaw in a software tool for automatically executing transactions.
The hack allowed the cybercriminals to steal 2 million BNB, Binance's own cryptocurrency. 2 million BNB has a mark... Read more
SandboxAQ acquires Cryptosense to enhance post-quantum cryptography
SanboxAQ is acquiring Cryptosense to enhance the cybersecurity and encryption capabilities of its post-quantum cryptography solution.
SandboxAQ is a quantum computing developer that was founded at Alphabet and became an independent company last March. Only six months into its operations, Sandbox... Read more
GPU shortage gives way to surplus as recession fears slow demand
Nvidia, one of the world's leading providers of memory modules, is warning investors that a slowdown in demand has created a glut of memory chips on the market, according to a report in Ars Technica.
A year ago, it was nearly impossible to buy a GeForce GPU for its intended retail price. Nvidia ... Read more
Sysdig integrates machine learning to detect cryptojacking attempts
Container security firm Sysdig introduced ML-powered cloud detection to help businesses deal with cryptojacking threats.
Sysdig announced its latest machine-learning-backed response capability and cloud detection that can aid companies in dealing with various cryptojacking threats and vulnerabil... Read more