The industry recovery fund, established by cryptocurrency exchange Binance on Thursday to support suffering players in the wake of FTX’s disastrous bankruptcy, has added additional information. Binance stated in a blog post that it will make an initial payment of $1 billion to the recovery fund. The business noted that if the need arose, it may eventually boost that sum to $2 billion. Additionally, investment companies focused on cryptocurrencies including Jump Crypto, Polygon Ventures, and Animoca Brands have committed $50 million to the project. We do this honestly, stated Binance CEO Changpeng Zhao as he published the public wallet address…

The crypto currency market has experienced substantial growth in the last 24 hours. Cryptos like Ethereum, BNB, MATIC and others have gone up from their previous positions. Others to rise from their positions are the Layer-1 blockchain network tokens like ADA,SOL and AVAX have risen from their previous positions. Memecoins like Shiba Inu and Dogecoin are also in the green list. Stablecoins remained pegged to $1. Tuesday morning saw little change in the price of cryptocurrencies. The market capitalization of all cryptocurrencies worldwide has increased by 1.63 percent, reaching $934.64 billion. Within a 24 hour total market volume of $50.42…

The cryptocurrency exchange claims to have a zero-tolerance approach to criminal activity. WazirX issued a statement in response to the Enforcement Directorate (ED) shutting down the cryptocurrency exchange and freezing its bank accounts and declaring that it has a zero-tolerance policy for illicit activity. “WazirX is a platform that Zanmai Labs Pvt. Ltd (Zanmai Labs) and Binance have jointly developed. WazirX-based illicit activity is not tolerated by Zanmai Labs. Users consent to using WazirX in compliance with all applicable laws (as stated in the user agreement). WazirX users can only sign up after completing the KYC process, which includes providing…

Highlights Check Point Research (CPR) discovered a vulnerability in the web version of Ever Surf wallet, part of the Everscale blockchain ecosystem By exploiting the vulnerability, an attacker could have gained full control over victim’s wallet After responsible disclosure, CPR collaborated with the Everscale teams, which acknowledged the vulnerability and released a new desktop version to replace the vulnerable web version Blockchain technology and decentralized applications (dAPPs) provide users with a number of advantages. For example, users can utilize the service without creating an account and it can be implemented as a single-page application written in JavaScript. This type of…

Highlights: Check Point Research identifies a vulnerability within the Rarible NFT Marketplace that allows attackers to take over cryptocurrency wallets By luring victims to click on a malicious NFT, an attacker can take full control of the victim’s crypto wallet to steal funds CPR immediately reported this flaw to Rarible, which acknowledged and installed a fix  CPR urges users to remain aware and offers preventive actions Background and responsible disclosure Rarible is an NFT marketplace that enables users to create, buy, and sell digital NFT art like photographs, games, and memes. The company reported over $273 million trading volume in…

H2- According to the ‘Crypto Industry in India, the crypto-tech market in India can generate over 800,000 posts and a budgetary value-add of $184 billion by 2030 in the sort of investments and cost profits. The Indian cryptocurrency market has developed exponentially over the last few times and is assumed to touch up to $241 million by 2030 in India and $2.3 billion by 2026 globally. As more numerous and plentiful young Indian investors are eager to explore more different financing options, they are embracing cryptocurrencies before-mentioned as Bitcoin, Ethereum, and Polygon to create investments that guarantee them possible profits,…

The largest cryptocurrency exchange in the world, Binance, halted bitcoin withdrawals on Monday for the second time in a day due to a significant number of pending transactions. Withdrawals had previously been suspended by the exchange for around an hour before being momentarily resumed. The business tweeted that its team was working on a remedy and would quickly reopen bitcoin withdrawals. In the tweet, Binance stated, “We’ve temporarily closed #BTC withdrawals due to the large volume of pending transactions. Our team is currently working on a fix and will reopen $BTC withdrawals as soon as possible. Rest assured, funds are…

Cyber dangers have gotten more advanced and specialised in a world where technology is developing at an unparalleled rate. In order to lure victims, spammers and malware operators in particular have perfected their abilities to manipulate contentious issues and trending themes. A recent analysis by Meta claims that the buzz surrounding generative AI technology like ChatGPT, which has people’s interest and excitement, is being exploited by the most current wave of malware operations. The new AI technology has become popular even among bad actors as a result of the disruption it has brought about.  Since March alone, the security analysts…

Check Point Research reports that Glupteba has returned to the top ten list for the first time since July 2022. Qbot overtook Emotet as the most prevalent malware in December, while android malware Hiddad made a comeback India – January 17, 2023 — Check Point® Software Technologies Ltd. (NASDAQ: CHKP), a leading provider of cybersecurity solutions globally, has published its Global Threat Index for December 2022. Last month saw Glupteba Malware, an ambitious blockchain-enabled Trojan botnet, return to the top ten list for the first time since July 2022, moving into eighth place. Qbot, a sophisticated Trojan that steals banking credentials and keystrokes, overtook Emotet to…

The law, which was signed on Tuesday by New York Governor Kathy Hochul, outlaws some bitcoin mining companies that use carbon-based energy sources. A proof-of-work mining firm will not be permitted to expand, renew permits, or allow new competitors to start operations for the next two years unless it employs only renewable energy. Hochul stated in a court document outlining her choice that it is the first of its sort in the nation. The governor went on to say that it was an important move for New York in its efforts to reduce its carbon footprint by cracking down on…