North Korean Group Used Crypto To Launder Stolen Funds, Intelligence Firm Mandiant Says
A North Korean hacker group known as "Lazarus" has been accused of engaging in money laundering activities using cryptocurrency. The accusations were made by cybersecurity firm Mandiant, which has been monitoring the activities of Lazarus and other North Korean hacker groups for several years.
Crypto Casino Game Development: The Next Big Thing in Gaming Innovation
The online gaming industry has grown at an unprecedented rate over the past decade, with the global gaming market expected to reach $200 billion by 2023. As the industry continues to grow, so does the demand for new and innovative games.
Mike Novogratz Calls 2022 a ‘Formative Year’ As Galaxy Digital Reports $1 Billion Loss
Crypto investment firm Galaxy Digital missed analyst expectations with its Q4 and full-year 2022 results. The Toronto-listed company reported a net loss of $1bn for 2022 compared with a $1.7bn profit in 2021, and a $288m loss for Q4 2022. The company attributed the loss to unrealised marks to market on its investment portfolio. Analysts had estimated an average net revenue of CAD674m ($492m) for the financial year and CAD43m ($31m) for the quarter, but the firm achieved revenue of $419.4m. Counterparty trading volumes increased by about 19% in Q4 over the prior period, but decreased 65% YoY.
Bitcoin in Africa: How Cryptocurrency Could Revolutionize Financial Inclusion
As African nations face banking challenges, Bitcoin offers a disruptive and transformative alternative to traditional financial systems, potentially unlocking economic power for those previously left out.
Fidelity Is Building Out a Crypto and Token Research Team
Fidelity is hiring a lead for its crypto and token research development team, according to a job listing on LinkedIn. The senior position will join the existing quantitative research and investments technology team in Fidelity's asset management business, and will work on data and technical frameworks for evaluating tokens and associated blockchain protocols. Fidelity has had an institutional trading and execution services team since 2018, and recently opened up bitcoin and ether trading to its retail brokerage clients. The new crypto research role will report into the vice president of quant development and partner with other Fidelity business and technology leaders to identify and define strategic priorities based on business value needs.
CMC Markets Expects 290 Million Pounds in FY2023 Income
CMC Markets, the London-based provider of contracts for difference, spread betting, shares and foreign exchange services, is on track to achieve its growth target of 30% over the next three years, with net operating income expected to be between £280m and £290m at the end of FY23. Despite challenges in February and March, including lower equity volume and a rise in lower-margin institutional trading activity, stable client money, assets under administration, and monthly active clients have helped the company achieve year-on-year growth of 21% in H1 FY23. CMC Markets plans to expand its services to Singapore beginning in 2023, with a goal of achieving 30% net income growth over the next three years.
How Can Blockchain Developers Use AI?
Explore the relationship between artificial intelligence software and blockchain technology.
London Loses Ground to Paris in Battle for Crypto Conference Crown
London's position in the crypto conference hierarchy is slipping, as two major events, Token2049 and Blockworks' Digital Assets Summit, have decided not to return to the UK capital in 2023. The organizers of Token2049 confirmed in a statement that Token2049 Singapore will be its only event this year, while Blockworks has decided to move its Digital Assets Summit to Washington D.C. from both New York and London. Meanwhile, Paris Blockchain Week and NFT Paris have seen record turnouts, attracting thousands of attendees. Many in the industry expected event organizers to scale back this year due to the bear market, but Paris and other European hubs are providing clear guidance and attracting attendees.
Bitcoin, Other Crypto Fall as U.S. Sues Binance; U.S. Equities Gain as Banks Stabilize
Bitcoin fell in Tuesday morning trading in Asia along with most other top 10 non-stablecoin cryptocurrencies after U.S. regulators filed a lawsuit against Binance, the world’s largest crypto exchange, alleging violations of trading rules. XRP was the only token to gain. U.S. equities edged higher on Monday as authorities expanded support for troubled banks and First Citizens Bank said it would acquire the failed Silicon Valley Bank. The total crypto market capitalization dropped 3.35% in the past 24 hours to US$1.13 trillion. The total trading volume over the last 24 hours rose 35.24% to US$42.55 billion. (forkast)
Building a Crypto Exchange Platform with Bitvavo Clone Script: Everything You Need to Know
Cryptocurrency has become a hot topic among investors and traders, and with the increasing demand for digital currency, crypto exchange platforms have gained immense popularity.
