Cybersecurity experts are warning crypto users of a sophisticated malware campaign that has potentially targeted more than 10 million users worldwide through online advertisements promoting fake cryptocurrency trading apps. Cybersecurity firm Check Point issued a report on their website detailing an ongoing operation they’ve dubbed “JSCEAL”. The team says the campaign exploits the growing popularity of digital assets by impersonating nearly 50 well-known crypto platforms, including Binance, MetaMask, and Kraken, to distribute malware designed to steal sensitive user data and digital assets, has been around since at least March last year. How does the Malware Campaign take place? According…
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The US President Donald Trump’s Working Group on Digital Assets published its highly anticipated report on Wednesday, detailing policy recommendations for regulating cryptocurrencies in the United States. The report focuses on key areas: defining crypto market structures, clarifying jurisdictional oversight, updating banking regulations, promoting US dollar dominance via stablecoins, and creating tailored tax policies for digital assets. Through the report, Trump’s administration has attempted to create a “taxonomy” of digital assets. It classifies all the characteristics of commodities and securities. This distinction aims to provide regulatory clarity and position the US as a global leader in digital asset innovation. Rule…
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eToro, the trading and investing platform, has announced it will launch tokenized versions of popular U.S. stocks as ERC-20 tokens on the Ethereum blockchain. The rollout will cover the 100 most traded U.S.-listed stocks and ETFs, allowing users to trade them as blockchain-based assets 24 hours a day, five days a week, the company said on Tuesday. eToro also noted that users will eventually be able to move these tokenized stocks off the platform for self-custody or use in DeFi protocols. eToro’s decision to tokenize stocks comes as the broader trend of bringing real-world assets (RWAs) onto blockchain infrastructure continues…
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Indonesia is changing the way it taxes cryptocurrency, and starting August 1, the new rules will bring higher tax rates, especially for people trading on foreign platforms. According to a new regulation from the finance ministry, local crypto transactions will now be taxed at 0.21%, up from the previous 0.1%. But if the trade happens through an overseas exchange, the tax jumps to 1%, up from 0.2%. This move is part of the government’s effort to tighten control over the fast-growing crypto market. On the other hand, the buyers won’t have to pay value added tax (VAT) anymore. Before, buyers…
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MARA Holdings’ Q2 revenue report is outstanding, demonstrating that Bitcoin mining can be highly profitable with advanced infrastructure. The company’s revenue of $238.5 million exceeded analyst expectations of $223.7 million, while its net income surged 505% year-over-year to $808 million, a sharp turnaround from a $200 million loss in Q2 2024. The income surge was primarily driven by a $1.2 billion unrealized gain from Bitcoin ( at $118,184) appreciation, with its value increasing 31% over the three months ending June 30. MARA Holdings Share Price Witnesses an Uptick Following the earnings announcement, MARA Holdings (MARA) shares initially jumped as much…
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Marti, a popular taxi-hailing company based in Turkey, has announced that it’s putting 20% of its cash into cryptocurrencies, starting with Bitcoin. The company says it plans to raise that amount to 50% soon. According to Marti’s CEO, Oguz Oktem, this move is about protecting the company’s money in the long run. He explained that crypto, especially Bitcoin, is being used as a “store of value” to help guard against the risks of traditional currencies like the Turkish lira or the U.S. dollar. The crypto will be kept safe with a trusted and regulated custodian, and Oktem made it clear…
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Kraken, The U.S.-based crypto exchange, is reportedly looking to raise $500 million in fresh funding, aiming for a $15 billion valuation as it inches closer to a potential IPO. The American exchange was last valued at $11 billion in 2022, according to The Information, which cited sources familiar with the talks. The move comes as the IPO market shows signs of heating up again, with companies like eToro and Circle Internet Group cashing in on the renewed investor appetite. Kraken is one of the most established names in the crypto space. It currently sees about $1.37 billion in daily trading…
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Ethereum Price Support In The Green Ethereum’s price attempted to mirror Bitcoin’s price trajectory but failed to sustain past $3,900. Following a peak at $3,939, ETH began a downward correction, dipping below $3,900. The price of Ethereum has fallen below the $3,820 support level and is now trading below the 23.6% Fibonacci Retracement level. This particular retracement level is calculated based on the recent upward movement from a swing low of $3,515 to a high of $3,939. Note: Fibonacci Retractment is a technical analysis tool used by traders to identify resistance and support levels. These levels capture the support and…
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In a major move toward embracing digital assets, RAKBANK has launched a crypto brokerage service directly through its mobile banking app, making it the first conventional bank in the UAE to offer retail customers secure and regulated access to cryptocurrency trading. The new service, introduced in partnership with BitPanda, a UAE-regulated crypto exchange, will initially be available on an invitation-only basis before being expanded to a wider customer base. Through the integration with BitPanda, RAKBANK customers can now buy, sell, and swap cryptocurrencies within the bank’s mobile application. All transactions are processed in UAE Dirhams (AED), meaning users won’t face…
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PayPal has unveiled a new service, Pay with Crypto, designed to significantly cut the high costs and complexities that merchants face with international transactions. This innovative solution integrates cryptocurrency payments, digital wallet compatibility, and fiat settlement, offering businesses a more efficient and affordable way to handle global payments. The company states that Pay with Crypto supports over 100 cryptocurrencies and various crypto wallets, including popular ones like Coinbase, MetaMask, Binance, and Phantom. This allows for immediate conversion of crypto to stablecoins or fiat currency. With a competitive transaction rate of just 0.99%, the service aims to slash international payment processing…