Tag: Markets

Evergrowing Worldcoin registers over 9k users in Argentina despite criticism

Worldcoin achieved a record-breaking 9,500 user sign-ups in a single day in Argentina Despite privacy concerns, many Argentinians eagerly registered for World IDs ...

DoorDash introduces AI bot for customer takeout orders

DoorDash is introducing AI-powered voice ordering, allowing customers to place food orders through AI bots, addressing the issue of unanswered customer calls. Their...

Nigeria cryptocurrency exchange Patricia attracts massive scrutiny

Patricia's launch of its native token PTK has raised concerns due to past security breaches and fund access issues Users are skeptical about...

Oman inaugurates cryptocurrency mining center worth $350 million

Oman launches its second cryptocurrency mining center in the Salalah Free Zone, partnering with Exahertz and Moonwalk Systems This initiative aligns with Oman's...

Terra Money freezes website in fight against phishing scams

Terra, a Layer-1 blockchain platform, temporarily closed its website due to ongoing phishing scams aiming to protect users Phishing attacks compromised Terra's site,...

Zimbabwe Reserve Bank close to launching gold-backed digital tokens

The Reserve Bank of Zimbabwe is aiming for a public gold-backed digital token (GBDT) after investor success, boosting digital finance GBDT counters instability...

FTX wants its Dubai unit excluded from US bankruptcy proceedings

Cryptocurrency exchange FTX has filed a motion to remove its Dubai unit from US restructuring proceedings The FTX Dubai unit seeks voluntary liquidation...

Worldcoin publishes audit report adressing data security concerns

Worldcoin has released audit reports after facing criticism over data collection practices Security consulting firms Nethermind and Least Authority found and addressed multiple...

Alphapo hot wallets hacked, $31 million stolen

Cryptocurrency payment platform Alphapo has suffered a loss of at least $31 million from its hot wallets Investigations are ongoing, and a possible...

Twitter bids farewell to bluebird as Elon Musk rebrands it to X

Social media platform Twitter has rebranded to X, adopting a new logo and colour scheme Elon Musk envisions X as an "everything app"...

Kuwait virtually bans all cryptocurrency transactions

Kuwait's CMA has banned major cryptocurrency operations like payments, investments, and mining Local regulators are barred from licensing virtual asset services as a...

How to prevent the threatening SIM Swap hacks

SIM swap attacks are a rising concern, giving hackers unauthorized access and causing financial losses SIM Swap hacks are when cybercriminals take control...

National Australia Bank boycott cryptocurrency over scam risk claims

National Australia Bank (NAB) will block payments to certain cryptocurrency platforms due to high scam risk Other major Australian banks have also blocked...

Google Play Store to allow NFT games, bans NFTs promoting gambling

Google Play Store has announced it will allow NFT games from video game developers Google also insisted they will not allow NFT games...

Tether on the defense over deactivation of 29 prominent figures accounts

Tether has come out to address concerns raised about several accounts deactivation in 2021 According to documents released by the New York Attorney...

What is crypto insurance

The growth in the crypto markets has attracted players from other industries, including insurance. Cryptocurrency companies need insurance to shield against the risk of digital assets loss through theft, fraud or scams. Crypto insurance is particularly crucial for exchanges and other entities holding significant amounts of assets on behalf of their customers. This creates an opportunity for insurers so long as they can mitigate risks.