https://www.123articleonline.com/rss/author/317440/business-cbwArticles written by business cbw from 123ArticleOnline.comen-usCopyright (c) 123ArticleOnline.com All rights reserved. https://www.123articleonline.com/articles/1261347/australian-police-confiscates-85m-in-bitcoin-used-for-drug-trafficking According to the local media report, an ongoing investigation into online drug trafficking on an infamous dark web marketplace platform,, led the Police in the Australian state of Victoria, to seize more than $6 million, nearly $8.5M in Bitcoin cryptocurrency. https://www.123articleonline.com/articles/1284422/canaan-announced-partnerships-with-leading-multiple-crypto-mining-firms-in-kazakhstan Leading Bitcoin mining hardware manufacturer Canaan announced its partnerships with leading multiple crypto mining firms in Kazakhstan as part of its expansion plan and to support the joint mining business in the region. https://www.123articleonline.com/articles/1293770/crypto-settlement-startup-zebec-raised-15-million-financing-round-led-by-solana-ventures Recently, programmable cash startup Zebec disclosed that the company has raised $15 million from investors. Solana Ventures and Distributed Global were leading the new Zebec financing round. Zebec is the startup that created a continuous and programmable cash stream protocol that uses the Solana network. As per the press announcement, other members who participated in the round and injected capital into Zebec includes Lightspeed Venture Partners, Circle, Coinbase, Alameda Research, OKX Blockdream Ventures, DST Global Partners, Road Ventures, Global Founders Capital, BECO Capital, Greenoaks, GoldenTree Asset Management, and 500 Startups. https://www.123articleonline.com/articles/1280390/defi-protocol-badgerdao-suffers-a-huge-loss-of-120m-in-a-front-end-attack BadgerDAO, a decentralized autonomous organization (DAO) dealing with carrying Bitcoin to decentralized finance (DeFi), has allegedly succumbed to a hacking attack perhaps bringing about losses of more than $120 million. Initial reports proposed the measure of user funds guided out of the protocol was $10 million, nonetheless, information from security organization PeckShield shows that the genuine losses are significantly higher. https://www.123articleonline.com/articles/1261336/fidelity-investment-wants-to-completely-focus-on-bitcoin Investment giant Fidelity, a Boston-based firm has made Bitcoin the main focus in their digital assets division as 90% of its biggest clients are interested in Bitcoin. Christine Sandler, head of sales and marketing for Fidelity in an interview mentioned that its clients are interested in accessing Bitcoin. She explained that institutional interest in Bitcoin has been accelerating like never before. https://www.123articleonline.com/articles/1270520/for-institutional-investment-managers-us-bank-to-offer-bitcoin-custody-services The country's Fifth-Largest Bank, U.S. Bank, has introduced custody for Bitcoin Cash, Litecoin, & Bitcoin in partnership with NYDIG on October 6, 2021. The bank is also planning to add support for other coins such as Ethereum in the future. U.S. Bank today announces that it has launched Bitcoin custodial services. Private funds holding Institutional investment managers in the U.S. or the Cayman Islands can now delve into the bank's service to store their private keys. https://www.123articleonline.com/articles/1292638/google-cloud-google-has-announced-new-security-to-detect-crypto-mining-malware-on-virtual-machines In a blog posted on February 8, Google has announced a new security include named Virtual Machine Threat Detection (VMTD) for Google Cloud users in its Security Command Center (SCC) area that is intended to recognize and block crypto-mining malware attacks or 'cryptojacking' that might be occurring behind the owners' backs. Google said this new feature is an agentless system that ceaselessly examines the memory of virtual machines sent in Google Cloud environments for indications of expanded CPU or GPU utilization- specific to crypto mining operations. To keep away from false-positive detections, the element has been left disabled as a matter of course; in any case, any client can enable it for their GCP VMs. They can do this by going to the Settings page of their Security Command Center and looking under the Manage Settings segment. https://www.123articleonline.com/articles/1280391/google-warns-malicious-actors-performing-crypto-mining-using-compromised-cloud-accounts On Wednesday software giant Google issued latest cloud threat Intelligence report titled 'Threat Horizons' report raising awareness among users and intelligence regarding security weaknesses in its platform. As per Google around 86% of 50 recently compromised accounts are being used for malicious activity purpose. It also refers about malicious actors using compromised Google Cloud accounts for mining cryptocurrencies Chia, which use storage space as a mining resource. In the most of studied cases within 22 seconds of the account being compromised, cryptocurrency mining software was being downloaded. https://www.123articleonline.com/articles/1293771/jac-dorsey-led-blocks-bitcoin-profits-from-cash-app-hit-nearly-2b Cash App, the well-known mobile payment service created by Block, said it produced $46 million of bitcoin net revenue during the final quarter of 2021, 14% year over year. Block, formerly named Square, the parent company of Cash App, Spiral, TIDAL, and TBD, revealed Cash App's Q4 2021 outcomes, which show how giving Bitcoin brokerage services may be a decent business tactic. During Q4 2021, Cash App produced $1.96 billion in bitcoin income and $46 million of bitcoin net benefit, up 12% and 14% year-over-year (YoY), separately. The building yearly development rate (CAGR) for Cash App's bitcoin income and net benefit became 232% and 285% YoY, separately. As of December 31, the fair evaluation of the organization's bitcoin property was $371 million. https://www.123articleonline.com/articles/1262637/jack-dorsey-wants-to-build-a-decentralized-exchange-for-bitcoin In a Friday tweet, Twitter and Square CEO Jack Dorsey announced updating the last month's declaration on the new Bitcoin-centric division called TBD project, that it will be an open-source platform service for decentralized Exchanges (DEX) dedicated to Bitcoin (BTC). https://www.123articleonline.com/articles/1284421/leading-esports-and-gaming-organization-team-vitality-announced-partnership-with-tezos The Leading Esports and gaming organization Team Vitality announced its partnership with Tezos and They will represent Tezos on the biggest stages in Esports. This three-year technical partnership is the largest in team Vitality's history. https://www.123articleonline.com/articles/1274709/lending-platform-cream-finance-suffered-the-loss-in-flash-loan-attack On Wednesday Decentralized finance (DeFi) money market and lending platform Cream Finance which works on the Ethereum network has been hacked losing over $130 million worth of funds. https://www.123articleonline.com/articles/1262631/microstrategy-buys-additional-3907-bitcoins-for-177-million According to a Form 8-K filing with the United States Securities and Exchange Commission published on Tuesday, 24th August 2021, Business intelligence company, MicroStrategy, declared about purchasing around 3,907 Bitcoins (BTC) using $177.0 million in cash in between July 1, 2021 and August 23, 2021 which is also the third quarter of the Company's fiscal year to date. https://www.123articleonline.com/articles/1262478/morgan-stanley-makes-larger-investments-and-buys-over-1-million-shares-in-greyscale-bitcoin-trust As per a filing with the U.S. Securities and Exchange Commission (SEC), Morgan Stanley one of the largest banks in Wall Street holds several shares of the Grayscale Bitcoin Trust (GBTC). The company has opted for Bitcoin exposure through a regulated investment vehicle. Morgan's Insight fund holds the largest number of shares, around 928,051. https://www.123articleonline.com/articles/1272677/publish-trusted-data-onto-leading-blockchains-associated-press-introduces-chainlink-oracle-node 175-year-old Associated Press (AP), the world's most trusted news agency, will provide economic, sports, and election data to Chainlink, a system that feeds information into blockchains and triggers digital contracts in order to facilitate transactions. https://www.123articleonline.com/articles/1292637/robinhood-announced-to-approach-a-worldwide-expansion-will-be-crypto-first In an interview with CNBC on February 9, Steve Quirk, Robinhood's chief brokerage officer, has announced that the Popular exchanging app Robinhood's worldwide expansion will be "crypto first," as the organization hoped that from the regulatory standpoint, crypto is likely the easiest way to approach worldwide. https://www.123articleonline.com/articles/1270521/to-scale-gaming-platform-axie-infinity-raising-150-million-funds-in-series-b-funding-round Axie Infinity, a video game company, raises $150M at $3B valuations in Series B funding round. A16z will lead the funding round forAxie Infinity. Axie Infinity is a play-to-earn video game enabled by blockchain. The Information on Monday reported that it had raised about $150 million in a Series B funding round which makes its tidal valuation $3 billion valuations https://www.123articleonline.com/articles/1270519/to-tackle-cybercrime-us-department-of-justice-launched-national-cryptocurrency-enforcement-team The U.S. Department of Justice announces the creation of a new cryptocurrency enforcement team to tackle financial crime DOJ will frame a crypto enforcement group that will fight the cybercrime and money laundering issues. The group will help to DOJ's ability to strengthen to fight crimes in the crypto sector. https://www.123articleonline.com/articles/1280392/us-investment-firm-invesco-launches-spot-bitcoin-etp-in-europe Investment firm Invesco has partnered with crypto index provider CoinShares to offer its first ETP backed by physical Bitcoin in the European Union. The asset manager, which manages $1.3 trillion in assets has launched a spot-based offering in Europe after withdrawing a futures-based one in the U.S. https://www.123articleonline.com/articles/1292636/us-senators-introduced-bill-urging-state-department-to-review-el-salvadors-bitcoin-law-policy U.S. senators Jim Risch, Bob Menendez, and Bill Cassidy ranking member and chairman of the Senate Foreign Relations Committee, proposed the Accountability for Cryptocurrency in El Salvador (ACES) Act which would require the State Department to analyze and work on a report on El Salvador's Bitcoin Law allowing the adoption of Bitcoin as legal tender and propose a way to reduce risks to the U.S. financial system. In a press release, senators say the legislation they proposed, gives the State Department 60 days to produce the report on the Central American country's adoption of Bitcoin, should the bill pass. According to the law, businesses that have technological means can accept payment in Bitcoin. To assist the citizens to start using cryptocurrency, the government gave $30-worth of the cryptocurrency for free to citizens in their wallets called Chivo.