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While North Korea leads the world in crypto crime, crypto analytic firms have estimated that DPRK hackers have found it increasingly difficult to launder stolen crypto funds. North Korea leads the world in crypto crime , with over 15 documented instances of cyber theft amounting to $1.59 billion in stolen funds . However, the recent crypto market turmoil has wiped out millions of dollars from the country’s stolen crypto portfolio. The crypto market rundown that started in May wiped out hundreds of billions of dollars from the crypto industry, where most of the crypto assets fell by over 70% from their top. As a result majority of stolen crypto funds by the Democratic People's Republic of Korea (DPRK) hackers have registered a significant plunge as well. A report from Coinclub.com indicates that North Korea has deployed 7,000 full-time hackers to raise funds through cyberattacks, ransomware and crypto protocol hacks. The $600 million Ronin bridge hack in April was also linked to t...

Join Our Telegram channel to stay up to date on breaking news coverage Fidelity Investments is getting ready to launch a cryptocurrency trading platform targeting retail investors. The asset manager has already launched a waiting list for this platform. Fidelity to support crypto retail trading Fidelity’s new crypto service , Fidelity Crypto, will be available through the Fidelity Investments app. The service will allow retail crypto investors to manage their cryptocurrency trades and investments through Fidelity Digital Assets. Fidelity Digital Assets is the existing crypto management platform targeting institutional investors. The platform was launched last month. After the launch, those using Fidelity Crypto will start making trades for as low as $1. In the initial stages, this platform will only support Bitcoin and Ethereum. However, Fidelity has assured users that support for more cryptocurrencies would come in the future, and the company is currently assessing it...

Bitcoin is on a slippery slope with various economic factors stunting its growth in the indices in 2022. Its progress now depends on the traditional financial sector as it is correlated with stocks during the ongoing bear markets. Economic changes are impacting Bitcoin, which was previously touted to be ‘foolproof’ amid the market’s ups and downs. The recent CPI data which showed inflation at 8.2% made BTC spike 8% in 24 hours but the crypto shed its gains during the weekend. Also Read: These Are the Top 3 Cryptos To Watch After the Inflation Report Bitcoin October 17th to 24th Weekly Forecast Source: Gulf Crypto BTC is repeatedly rejected at $21,000 levels and is unable to pull its weight above the mark despite multiple attempts. From September to October, BTC was rejected thrice around the $21K levels making it slip back to $19K. Bitcoin has a slim chance to head north this month as the weak global financial news is dragging the crypto down. Another re...

Advancing the company’s expansion plans, crypto custodian Copper Technologies has secured a total of $196 million under the firm’s C series financing round. The business managed to raise some $181 million from a group of existing and new shareholders and gained access to a further $15 million under a convertible loan note, as indicated by company filings obtained by Bloomberg. The financing round is yet to be closed.  While the firm has not disclosed its current valuation , Copper Technologies did admit that it reported a loss of some $16 million last year. This represented nearly a fourfold increase compared with the loss the company posted for 2020, at about $4.1 million.  Copper Technologies is based in Switzerland’s Zug. The company says it provides its solutions to a wide range of customers from the financial sector . These include trading firms, hedge funds, crypto exchanges , decentralized finance (DeFi) industry players, and othe...

A list of crypto exchanges , including global platforms, have not introduced new restrictions on Russian users after the EU’s most recent sanctions round, Russian crypto media reported. The latest European penalties target an array of crypto-related services to increase pressure on Russia amid an escalating conflict in Ukraine. Major Exchanges Continue to Work in Russia Following EU’s Ban on Crypto Services The European Union adopted a wide range of sanctions last week, aiming to hit Russia’s government, economy, and trade harder. Along with other measures, the eighth package of EU restrictions banned the provision of all crypto wallet, account, or custody services to Russian residents and entities. While some companies from the industry have quickly reacted and already suspended operations with Russian accounts, a number of crypto exchanges have not conformed to the European requirements yet, the crypto page of leading Russian business news portal RBC revealed in a report. Among ...