WASHINGTON, March 9 (Reuters) – The top regulatory official for the U.S. Federal Reserve said cryptocurrency technology still could have “potential transformative” effects on the financial system, but needs “guardrails” to realize them. Fed Vice Chair for Supervision Michael Barr said recent turmoil in crypto markets make clear the sector could still pose a risk […]
CRYPTO
An Investigation of Crypto jacking: your device can be used for mining
This is a story from a forensic investigation I did a few days ago so I thought I’d share about a malware in the wild. The user cannot imagine that their device can be used for crypto mining. An IT professional approached me about his machine making noise and running very slow. I asked him […]
Crypto platform Zipmex files for bankruptcy protection in Singapore
Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of $53 million to crypto lenders Babel […]
Bitcoin falls below $30,000, lowest since July 2021
Bitcoin slumped below $30,000 for the first time since July 2021 on Tuesday as cryptocurrencies track-sinking markets with investors spooked by aggressive US monetary tightening and surging inflation. The world’s largest cryptocurrency by market value fell as low as $29,764 in Tuesday trade, before recovering above $30,000, extending a recent collapse in price as […]
Crypto funds ‘disappear’ from French asset manager books
French police are investigating claims that tens of millions of euros worth of crypto assets vanished from the books of an association representing hundreds of investors, a judicial source said. RR Crypto, a digital asset specialist based near Dijon in central France, at the weekend informed its members that all the money they had invested […]