Author: Alyz Garsia

Europol warns that its 2024 report shows AI tools are making it easier for people without technical skills to carry out advanced cybercrimes. The European Union Agency for Law Enforcement Cooperation (Europol) expects a rise in AI-assisted cybercrimes, according to their annual report on the latest cyber threats in the EU. In the Internet Organised Crime Threat Assessment (IOCTA) 2024, Europol highlighted that AI tools are helping non-experts commit sophisticated online crimes. Europol WarnsAI Eases Entry for Cybercriminals AI-generated deep fakes and fake ads are being used by criminals around the world to target victims. The IOCTA 2024 report shows…

A newly launched meme coin on Ethereum-based Duck coin goes 69,781% high in the initial 24 hours of its launch and set a new record for blasting the crypto market.  Duck, launched on July 18 successfully grabbed the attention of the investors and made people millionaires in only 6 hours of its launch. The coin launched on Dexscreener has a total circulation supply of 1.2 billion tokens. The token started its trade with a price of $0.000000002533 per token, is currently trading at $0.000008696 per token, and has a market cap of $3.6 million. Initially, the token gained attention due…

North Korean hacker group Lazarus, the mastermind behind the $305 million Bitcoin hack from the DMM cryptocurrency exchange in May, moved almost $35 million to an online platform in Cambodia this month. According to ZachXBT report the stolen funds were transferred to the “Huione Guarantee” platform. This platform operates in Cambodia and is linked with the nation’s “ruling Hun family,” blockchain firm, he stated in a July 14 X post. according to Elliptic, the marketplace processed almost $11 billion of stolen crypto assets. The hackers are dumping the stolen Bitcoin funds into privacy mixers, then withdrawing them and transferring the…

The Bitcoin price has bounced back above $62,000, with analysts optimistic that the worst might be over. Germany has finished its forced sales, and Mt. Gox repayments are mostly accounted for.  The price of Bitcoin has rallied 5.2% in the last 24 hours, recovering from a two-month low of $53,500 on July 4th, and is now trading at around $62,800, according to TradingView data. Ben Simpson, the founder of the crypto education platform Collective Shift, told Cointelegraph that he believes Bitcoin has hit its “local bottom” and is now on an uptrend. According to Simpson, Bitcoin price had been heavily…

Investors in the crypto market assume the upcoming launch of Ethereum ETF is a great opportunity to earn profit. To seize this opportunity big whales of Pepe are selling off their holdings to invest in ETH ETF. The information is examined by analyzing the holding addresses of this token and further divided into different segments to identify which group of holders are selling the most. Data shared by Into The Block categorized holders from $100,000 to $1 million. The decline in the holdings shows that these investors are selling most of their holdings in the last 30 days. The bleeding…

In some previous weeks, the crypto market has seen a major downtrend, leading to a significant drop in major coins—the Mt. Gox creditor payment of almost $1.5 billion in Bitcoin impacted the market the most. Now the market is back in its recovery phase, signaling a buying zone for multiple coins down from their highest point, after hitting the lowest of $54.5K bitcoin is trading positively at $58.7K with a 3.49% gain in the last 24 hours. Altcoins like Matic, Cardano, Ripple, and Bitcoin Cash are also trading positively by attracting funds in their pools, Discover the best coin to buy…

EIP-7732: Splits validator tasks and creates a TTX for Ethereum foundation and upgrade validation. He described the amendments to the Ethereum Improvement Proposal (EIP) 7732 to Revamp Block Validation for Blockchain Efficiency. The proposal also brings significant changes to block validation which can improve the existing blockchain mechanism by providing the separation of consensus and execution layers. It conforms to Vitalik Buterin’s new direction that has stemmed from the increased demand for Ethereum platform efficiency, as epitomized by EIP-7732 that seeks to attempt at shortening the time taken in the confirmation of transactions. Specific Provisions of the Proposal EIP-7732 Devoted…

The transfer of 1 billion XRP made by Ripple from the escrow on July 1st fits the legal phase of the process and has raised anticipation for further developments in the case of Ripple versus SEC. Over 1.3 billion XRP still locked in spendable wallets. Ripple’s Latest Transaction of XRP Has Raised Eyebrows Amid SEC Case Ripple made significant transactions during this period, moving around 1.1 billion XRP across various wallets and then placing 800 million XRP in an escrow within 2 hours. In this period, Ripple gave out 200 million XRP to one wallet, 300 million XRP to another,…

For instance, in a recent post on the X network, Cardano founder Charles Hoskinson expressed massive concern regarding the degree of AI censorship. According to Hoskinson, generative AI is becoming less useful due to alignment training methods. He seems to be worried about the issue of having some knowledge locked away from children in the future, on the basis of certain decisions made by some individuals. In his social media post, Hoskinson wrote the following thoughts down. “This means that certain knowledge is prohibited to every kid growing up, and that is decided by a select group of people you…

This bill under consideration by the Danish government can result in the banning of self-hosted Bitcoin wallet ban without regulatory approval and decentralized finance (DeFi) applications. The move is in response to the Danish Financial Supervisory Authority’s (DFSA) concern over activities on unregulated cryptocurrency platforms, and all unregulated wallets have been banned. However, the DFSA stands for its proposal claiming that they need regulations on cryptocurrencies and the lack of oversight specialization in DeFi. Denmark intensifies crypto regulation amid industry growth This new rule, if put into practice, may contradict the guidelines of MiCA and US policies concerning BTC self-custody…