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As Interest Rates Rise, a Silent Vampire Attack on Crypto

But stablecoin issuers aren’t the only entities behind this silent vampire attack. Just as crypto has come to rely on a few centralized stablecoins, crypto firms have increasingly relied on a small number of banks for fiat services. Silvergate Bank and Signature Bank, which provide the lion’s share of banking services to major industry firms, …

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FTX, ByBit rise in web traffic despite overall traffic drop on CEXs

The ongoing cryptocurrency winter has triggered an overall decline in interest in centralized crypto exchanges (CEX), but some crypto trading platforms have seen a rise in website traffic. A few major global crypto exchanges, including Sam Bankman-Fried’s FTX, have experienced a significant increase in web traffic despite the bear market of 2022, according to the …

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The rise of fake cryptocurrency apps and how to avoid them

Scammers have been taking advantage of blockchain’s decentralized and immutable nature to swindle crypto investors since the advent of the technology. And, according to the latest FBI fraud report, fraudsters are using fake crypto apps to steal money from unsuspecting crypto investors. It highlights that American investors have lost approximately $42.7 million to swindlers through …

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Croatian retail giant sees rise in crypto payments despite the bear market

Payments in cryptocurrencies like Bitcoin (BTC) have been on the rise at Croatia’s largest supermarket chain Konzum this year despite the ongoing bear market. After debuting crypto payments in 2021, ​​Konzum has seen an increasing trend for this type of payment, the firm’s director of business applications Ines Barbir told Cointelegraph. ​​Konzum officially started accepting …

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