
In the expanding universe of cryptocurrency, the Security and Exchange Commission (SEC) introduced its Cyber and Emerging Technologies Unit geared specifically towards combatting crypto fraud. This new chapter aims to protect retail investors from fraudulent practices in the world of digital assets. In other news, Ethereum faced a setback when $1.4 billion was lost in a Bybit heist, prompting a proposed chain rollback.
MicroStrategy CEO Michael Saylor dubbed Bitcoin as 'Cyber Manhattan,' reinforcing its position as a sound investment. However, it saw backlash in the crypto realm due to a new meme-coin related to former President Trump.
The rising threat of crypto scams and AI attacks are becoming increasingly significant in nations like Nigeria. Meanwhile, Asian regions witnessed the emergence of a stablecoin for cyber-scammers. Cyber AI responded by launching an AI-driven blockchain trading platform.
Elsewhere, crypto market volatility saw Bitcoin experiencing its worst month in the last three years. Crypto exchanges also found themselves targeted by hackers, leading to several millions being stolen and subsequently frozen.
Despite the risks, however, individuals and businesses continue to see the potential in crypto. Blockchain's potential as a defence against cybercrime is being increasingly recognized, despite the negative associations with crypto-related scams.
Despite these issues, new tools and security measures are being developed to combat emerging threats. The cybersecurity landscape involving cryptocurrency is clearly undergoing a significant transformation, and stakeholders need to adapt accordingly.
CYBER Coin News Analytics from Sun, 13 Jun 2021 07:00:00 GMT to Fri, 28 Feb 2025 08:37:30 GMT - Rating -3 - Innovation 3 - Information -2 - Rumor -5