cryptocurrency

November 14, 2024 12:49 PM

Crypto market capitalisation hits record $3.2 trillion, CoinGecko says

The value of the global cryptocurrency market has topped $3 trillion and is in uncharted territory as the election of Donald Trump as U.S. president spurred bets that friendlier U.S. regulation could usher in a new boom for all corners of the asset class. The sum market value of cryptocurrencies touched a high of nearly $3.2 trillion early on Nov. 14 in Asia, according to analytics and data aggregator CoinGecko. That puts it above even the heady days of 2021, when pandemic-era stimulus pumped ...

October 30, 2024 3:19 PM

Cryptocurrency promoters intensify Beijing’s propaganda on X

Cryptocurrency-linked accounts on the social media platform X are increasingly amplifying Beijing’s propaganda, with investigations revealing their connection to "Spamouflage," a covert Chinese disinformation campaign targeting Western audiences. According to a report by Voice of America (VOA), these accounts, which primarily focus on cryptocurrency-related content, have been found promoting messages aligned with China’s interests. Spamouflage, a network of bots posing as legitimate informa...

June 24, 2024 6:02 PM

Cyber attack compromised Indonesia data centre, ransom sought

A cyber attacker compromised Indonesia's national data centre, disrupting immigration checks at airports, and asked for an $8 million ransom, the country's communications minister told Reuters on Monday. The attack disrupted several government services, most notably at airports last week, with long lines forming at immigration desks. Automated passport machines were now functioning, the communications ministry said. Minister Budi Arie Setiadi said the attacker used a new variant of existing ma...

April 30, 2024 5:52 PM

Binance’s CEO Zhao faces sentencing over money laundering violations

The former chief executive of Binance, the world's largest cryptocurrency exchange, could face years in prison when he is sentenced on Tuesday after his guilty plea to violating U.S. money-laundering laws. U.S. prosecutors have told District Judge Richard Jones in Seattle that they want Changpeng Zhao, who goes by "CZ," to serve twice the maximum 18 months recommended under federal guidelines. Prosecutors said a tough sentence for the man once considered the most powerful person in the crypto ...

April 30, 2024 3:17 PM

TON takes off on Telegram tie-up

A coin called TON has leapt in value in recent months, with investors betting its integration with messenger service Telegram could bring the cryptocurrency to the app's estimated 900 million users. Telegram endorsed TON in September last year, saying the blockchain and associated token would be its "official Web3 infrastructure". Earlier this month, TON said that Tether tokens could also be issued on its blockchain, allowing Telegram users to send the stablecoin to each other within...