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Cybercriminals are now using virtual phones to fool the anti-fraud protections of banks and drain customers’ accounts. Citing the cybersecurity firm Group-IB, Malwarebytes researcher Pieter Arntz says criminals are renting cheap internet-based Android smartphones and using them to bypass banks’ security checks. “The start of an attack is still social engineering. Criminals try to trick users into sharing one-time passwords (OTPs), approve a login or make a transfer ‘to a safe account.’ Behind the scenes, the criminal logs into a cloud phone instance that already looks like the victim’s device to their bank, thanks to matching or plausible fingerprints and pre-warmed…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure South Korea’s Financial Services Commission (FSC) is ordering all domestic crypto exchanges to implement near real‑time asset‑matching systems. A Tighter Time-Regime For Crypto Exchanges All Korean crypto exchanges must have a new asset-matching system by the end of May if they don’t want compliance problems, the financial regulator said this Monday. According to The Korea Times, exchanges must now switch from the 24‑hour reconciliation cycles that most major exchanges currently have to a uniform 5‑minute asset‑matching regime. A time asset‑matching system is a software that constantly compares…
Major banks move repo markets to Ethereum, showing a $12.5T shift and strong growth in global asset tokenization trends. Major banks and central institutions are changing how finance works today. They no longer experiment with blockchain technology on small-scale projects. They are instead deploying actual financial systems on Ethereum. This action demonstrates an increasing belief in blockchain networks. It is also a significant shift in the international financial business. Central Banks Bring Real Repo Markets On-Chain Recent Crypto Tice data indicate that this shift is progressing well. Banque de France, Société Generale and UBS are leading the move. These are…
By Omkar Godbole (All times ET unless indicated otherwise)It’s risk-on again for markets after a Reuters report suggested a ceasefire plan between the U.S. and Iran could come into effect on Monday, potentially reopening the Strait of Hormuz.Bitcoin BTC$69,229.19 has climbed over 4% over 24 hours to nearly $70,000, lifting sentiment across the broader market. The CoinDesk 20 Index and XRP (XRP) also added 4%, while ether (ETH) jumped over 5%, alongside a 3% gain in solana (SOL).The tone is reinforced by bullish signals in the futures market, a continued decline in bitcoin’s 30-day implied volatility index, and a 0.8%…
ETH trades in bullish cloud consolidation, but RSI hasn’t cleared April 1 highs. Analyst MooninPapa still targets $1,000 while stablecoin dominance stays messy. Ethereum is trading inside the daily TBO cloud. That part looks fine. Three days above overhead resistance means that level is gone, confirmed. Still, something is off. The RSI has not cleared its April 1st local high. That gap matters more than the price position right now. Because RSI was already deep in overbought territory back on March 16th, there is a real chance this current run tops out before momentum can build. The $1,000 Target Nobody…
Bitcoin BTC$69,716.45 climbed to near $70,000 as traders reacted to signs of possible de-escalation in the Iran war and amid a short squeeze that liquidated more than $270 million in shorts.Crypto prices rose, along with equity index futures and equities, as Axios reported that the U.S. and Iran are discussing a potential 45-day ceasefire. The report raised hopes that hostilities could ease, potentially lowering the risks for ships sailing through the Strait of Hormuz.That is improving appetite for risk assets across markets, and the U.S. Dollar Index (DXY) fell. The retreat is being amplified as reports suggest Pakistan is brokering…
A Maryland man has been charged with allegedly stealing more than $53 million from a decentralized cryptocurrency exchange and laundering the proceeds through Tornado Cash, according to the U.S. Attorney’s Office for the Southern District of New York. U.S. Attorney Jay Clayton says that Jonathan Spalletta, also known as “Cthulhon” and “Jspalletta,” faces charges of computer fraud and money laundering tied to two 2021 hacks of Uranium Finance. Prosecutors allege that in April 2021, Spalletta exploited vulnerabilities in Uranium’s smart contracts. In the first incident, he allegedly manipulated reward mechanisms to extract about $1.4 million in crypto. In the second, he…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A crypto analyst, who publishes technical analysis to his audience on X, has released a zoomed-out weekly Ethereum chart that interprets the current price weakness as the final stage of a multi-year accumulation cycle. As it stands, the Ethereum price is trading around $2,100 and 57% below its peak. Therefore, the technical analysis is suggesting that the cryptocurrency is in an accumulation zone, one that is setting up a price move to as high as $20,000. The Accumulation Blueprint Playing Out On ETH’s Weekly Chart The weekly ETH/USDT…
A crypto on-chain analyst claims DPRK IT workers helped build major DeFi protocols since DeFi Summer, naming over 40 projects in a viral X thread. An on-chain analyst just cracked open something the crypto industry has spent years not wanting to look at. North Korean IT workers did not only steal from DeFi protocols. They helped build them. Tay, a widely followed on-chain investigator on X, posted that DPRK-linked developers were embedded inside major crypto protocols going all the way back to DeFi Summer. The claim came in response to a separate account sharing a personal encounter with a suspected…
Tokenization, the representation of real-life assets on a blockchain, could reshape both crypto markets and traditional finance, while introducing new risks that regulators are not yet equipped to manage, according to the International Monetary Fund (IMF). In a new report, the IMF described tokenization as more than a technical upgrade to markets. By moving assets like money, bonds and funds onto shared blockchains, transactions can settle instantly, cutting out intermediaries and reducing delays that define today’s markets.The IMF says the “atomic settlement” that tokenization brings to the financial world could lower counterparty risk and force firms to manage liquidity in…