As 2023 draws to a close, Chainalysis, the blockchain data company, has revealed the results of its research on ‘approval phishing’ scams through the past year. The technique, in which scammers trick their targets into signing a malicious blockchain transaction that allows them to spend specific tokens inside the victim’s wallet,Read More…

Crypto wallet company Backpack has announced the launch of a regulated cryptocurrency exchange. Trek Labs, which will launch under the name Backpack Exchange, has officially been issued the Virtual Asset Service Provider (VASP) license for Exchange Services from the Dubai Virtual Assets Regulatory Authority (VARA), which supervises and regulates all virtual assetRead More…

Chainalysis, the blockchain data platform, has unveiled the Middle East and North Africa (MENA) findings of its 4th annual Geography of Cryptocurrency Report, providing comprehensive insight into the actual state of crypto markets and cryptocurrency utilisation across the world. This report revealed that between July 2022 and June 2023, the majorityRead More…

The latest update of B2BinPay, Version 17, is engineered to enhance the cryptocurrency transaction landscape for both commercial entities and large-scale enterprises. This substantial update not only refines existing functionalities but also introduces new features tailored to meet diverse client requirements. Let’s delve into the specifics of this transformative update. DiversifiedRead More…

The United Arab Emirates (UAE), which has an impressive 99% internet penetration rate according to a McKinsey study, welcomes Bitay, a cryptocurrency platform from Turkey. This move aligns with the UAE’s growing stature as a global digital hub and its emphasis on blockchain technology and cryptocurrency. Kickstarted by a government researchRead More…

Kaspersky has unearthed a phishing campaign targeting cryptocurrency users across the globe. The scheme showcases the ever-evolving tactics used by cybercriminals, reflecting cryptocurrency’s increasing appeal. During the spring of 2023 alone, Kaspersky’s solutions detected and thwarted over 85,000 scam emails, encompassing both hot and cold wallets. Kaspersky provides an in-depthRead More…