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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...

Major crypto exchange Coinbase has followed advocacy group Investor Choice Advocates Network to voice its support for Ripple’s key defense in its legal fight against the SEC. News that Coinbase has come out in support of Ripple and its important “fair notice” defense means that Ripple now has a heavyweight player from the crypto industry on its side in the court case against the US financial regulator. Ripple’s fair notice defense focuses on the U.S. Constitution's Due Process Clause, which requires that the language of any criminal statute is sufficiently clear to give “fair notice” of what is prohibited. The SEC has sued Ripple and its two executives Brad Garlinghouse and Chris Larsen for selling XRP tokens as “unregistered securities” to investors. The news that Coinbase is looking to file a brief in the case was shared on Twitter by Coinbase’s chief legal officer Paul Grewal, who said the company has asked ...

XRP, the token used for cross-border money remittance, appears to be at the tail end of a retracement from its October peak at $0.5488. A substantial demand area sits at $0.4200, where the XRP price is expected to start a new rally. This is a minor dip from XRP’s current price , $0.4455, but investors should not fret because such a move could allow for liquidity collection ahead of a rebound to $1. XRP Price Ready to Push Forward The region between $0.4000 and $0.4400 represents the most robust demand area, helping XRP price to stay afloat. This support has been respected since September 28, when the token pulled back from its monthly top at $0.5606. A descending trend line currently limits XRP price movement to the upside, leaving buyers with no option but to consider new entries downstream. In other words, immense liquidity awaits the international money remittance token within the rectangle pattern highlighted on its daily chart .  XRP/USD price chart |...

The crypto -verse witnessed the arrival of a plethora of businesses over the last couple of years. Prominent payment firms Mastercard and PayPal’s arrival surprised quite a few individuals. Amidst this, the bear market led to the community speculating about the exit of these firms. However, it seemed like Mastercard was doubling down on its interest in Bitcoin [BTC]. Earlier today, the firm announced its latest initiative of offering support for financial institutions to offer crypto trading. As per recent reports, the firm is said to oversee regulatory compliance as well as security for banks. JUST IN: Mastercard to help banks obtain regulatory compliance to offer #crypto trading, CNBC reports. — Watcher.Guru (@WatcherGuru) October 17, 2022 It should be noted that the payments giant has teamed up with prominent crypto trading platform Paxos to carry out its initiative. Mastercard intends to ease the involvement of banks in crypto waters with Paxos. The cr...