August 2024 - Page 2 of 2 - CryptoCurrencyWire

MondayAug 12, 2024 9:00 am

Why BTC, the Crypto Market Is Experiencing a Major Crash

Bitcoin suffered one of its most significant declines this week, dropping nearly 20% in value and hitting its lowest point in half a year. Other major cryptocurrencies faced even steeper losses, with most of them decreasing by more than 20% since Sunday. Collectively, these losses have wiped out more than $300 billion from the cryptocurrency market, sparking investor concerns that the bull market might be ending. The recent downturn in the crypto market can be linked to wider economic instability, which caused significant drops in stock markets around Asia and Europe on Monday. The cryptocurrency market frequently falters along with…

FridayAug 09, 2024 10:30 am

Crypto Fest 2024 – Returns for its 6th Edition, Cape Town, South Africa

Join the crypto saga as Crypto Fest returns with its 6th edition, bringing together the dynamic African crypto and blockchain community in the picturesque city of Cape Town, South Africa on October 10-12th, 2024. This year Crypto Fest 2024 expands over three days with the main event on the 11 October taking place at the iconic DHL Stadium, home to the FIFA World Cup in 2010 a centrally located iconic landmark with excellent facilities, accessibility, and a rich legacy. Bitcoin Events has been the proud host of Crypto Fest for the last five years, and has witnessed thousands of attendees…

FridayAug 09, 2024 9:00 am

FBI Warns Public Against Scammers Posing as Crypto Exchange Workers

Bitcoin and other leading cryptocurrencies, including XRP, Ethereum and Solana, have seen a significant decline this week, mirroring the downturn in the stock market, which could potentially worsen. The price of Bitcoin has fallen to around $60,000 after reaching $70,000 only a week earlier. Similarly, XRP, Ethereum and Solana have also experienced drops, collectively erasing $300 billion from the cryptocurrency market since the end of July. As traders prepare for a potentially significant impact on Bitcoin stemming from actions by U.S. presidential candidate Donald Trump, the FBI has issued a stern warning regarding cryptocurrency scams. The FBI cautioned about scammers…

ThursdayAug 08, 2024 11:15 am

CBDC Cruise Presents Crypto Blockchain Defi Conversations – Summit on the Seas

CBDC Cruises offers a once-in-a-lifetime experience with its ‘Summit on the Seas’ to C-level executives, professionals, enthusiasts, and members of the Crypto, DeFi, and Blockchain community. Attendees can enjoy top-notch amenities and a luxury experience as the cruise sets sail from Fort Lauderdale on November 16, 2024. Be a part of first-class networking, discussions, explorations, and collaborations as executives, enthusiasts, and families, all will sail aboard for the event. Cabins and reservations are limited. Apart from business, education, and networking, attendees can relax and enjoy drinks and Round Robin dinners. The cruise offers world-class entertainment, visits to scenic ports, and,…

WednesdayAug 07, 2024 9:00 am

Russia to Authorize Crypto for International Trade as Workaround to Sanctions

Russian legislators recently approved a measure permitting businesses to engage in transnational trade using cryptocurrencies. This move aims to bypass Western sanctions instituted after Russia invaded Ukraine. The legislation, expected to be enacted in September, has the support of Elvira Nabiullina, the governor of Russia’s central bank, who stated that the very first crypto transactions under the new law would take place before the year’s end. Russia has experienced substantial delays in transnational payments with key trading partners such as the UAE, China and India, as banks within those countries, influenced by Western regulators, adopt a more cautious stance. In…

MondayAug 05, 2024 9:00 am

Trump, a Reformed Crypto Critic, Addresses Largest Industry Convention

At one point, Donald Trump seemed like an unlikely advocate for cryptocurrency. He was skeptical of Bitcoin during his presidency, stating that it was “not money,” too volatile and backed by nothing substantial. He even warned that cryptocurrencies were a gateway to illegal activities. However, Trump recently made an appearance at the largest annual cryptocurrency event in Nashville, not as a skeptic but as a prominent supporter. This marked a significant shift in his stance, coinciding with his current campaign for the presidency. Despite his previous misgivings and the industry’s tumultuous history, Trump has now embraced the optimism and potential…

FridayAug 02, 2024 9:00 am

TRM Labs Analysis Shows Russian Ransomware Rakes in $500M in Crypto

Russia has emerged as a hub for ransomware-related activities. According to TRM Labs’ analysts, Russian-speaking ransomware groups were responsible for almost 70% of all cryptocurrency earnings from ransomware attacks in 2023. This statistic reveals Russia’s increasing involvement in these illegal activities, with the groups reportedly generating around $500 million in cryptocurrency profits. According to a recent report from TRM Labs, two major Russian ransomware groups, ALPHV (also known as BlackCat) and Lockbit, collectively raked in at least $320 million from their attacks. The report points out that Lockbit, which is currently sanctioned, targeted prominent companies such as the United Kingdom’s…