Proponents of decentralized finance believe that the development of artificial intelligence (AI)-powered tools could enhance security and counter cybercriminals. AI to Help Defi Platforms Combat Cybercrime According to Peckshield’s Annual Crypto Security Report, digital assets worth $ 3.01 billion were stolen in 2024. The report’s data shows losses were split nearly evenly between centralized …
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we explore how stablecoins might help re-energize the Bolivian economy, facing a dollar scarcity period due to its fixed exchange rate. Latam Insights Encore: Stablecoins Might Help Bolivia Move Its Stalled Economy […]
India’s Enforcement Directorate has exposed a massive $ 48 million scam linked to the online gaming app Fiewin, connected to Chinese nationals. Following an in-depth investigation, an equivalent of about $ 3 million has been frozen in accounts tied to these individuals. The scam lured users with quick earning schemes but blocked fund …
South Korean police arrested a man in his 40s for orchestrating a cryptocurrency scam that defrauded 158 investors of 16 billion won ($ 12 million). Operating from November 2021 to June 2022, he promised an 18% monthly return on investments in a fake cryptocurrency mining business. The scam resulted in individual losses ranging from …
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador. Latam Insights Encore: El Salvador Might Benefit Putting Bitcoin at the Center of […]