Month: November 2022

Insurance

Chainalysis: the scope of cryptocurrencies depends on the economic situation in the country

The new Chainalysis 2022 Geography of Cryptocurrency report demonstrates that the differences in the global economy form two crypto markets. At the first stage, cryptocurrencies are used as a means of payment — exactly as it was conceived ten years ago. The second is more characterized by a modern approach — the use of crypts for investment.

According to the Chainalysis report, by June 2022, cryptocurrency transactions in Latin America reached $562 million — this is 40% more than in the […]

Loans

The complexity of bitcoin mining increased by 13.5% and updated the historical maximum

The complexity of bitcoin mining reached 35.61 Tons, which became a historical maximum, writes RBC with reference to the data BTC.com .

Mining complexity is the value by which miners measure the cost of mining a new block.

On Monday, October 10, mining difficulty increased by 13.55%, which was the biggest jump since May 2021. Usually, this value shows a decrease or increase in the range of 10% every two weeks. The previous record was recorded on September 14, when the difficulty […]

Taxes

The European Union has banned Russians from using their crypto wallets

In the eighth package of sanctions, the European Union imposed a complete ban on the use of its crypto accounts for Russians and residents of the Russian Federation.

The new measures involve tightening restrictions that were in effect as part of the sanctions package adopted in April. Then the EU authorities banned Russians from storing more than €10 thousand on European crypto accounts and crypto wallets. Now European companies cannot provide cryptocurrency storage services to citizens of the Russian Federation.

In September, […]

Finance

Fraudsters have stolen more than $2.3 billion worth of cryptocurrencies since the beginning of the year

Since the beginning of 2022, scammers have stolen cryptocurrencies worth more than $2.3 billion, 98.8% of all hacks were on decentralized finance (DeFi) platforms, according to a report by ImmuneFi.

According to an organization specializing in blockchain security, in the period from July to September, crypto platforms and their users lost more than $428 million, 30 project hacks and nine fraud attacks were committed.

One of the biggest attacks recently was the hacking of the Nomad Bridge project, in August, attackers stole […]