Jet Encila
Jet Encila
Freelance writing is Jet's other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.Source
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The NFT Market Will Be Worth More Than $13 Billion By 2027 -- Report

The NFT Market Will Be Worth More Than $13 Billion By 2027 -- Report

In recent years, non-fungible tokens (NFT) has emerged from obscurity to become a vital part of the broader cryptocurrency industry. Analysts and market participants have forecast a prosperous future for the market in light of this new reality. According to a recent MarketsandMarket research, the NFT market is poised for a 35 percent increase by 2027. This means that the existing $3 billion market size will reach $13.6 billion by the end of that year based on the Compound Annual Growth Rate (CAGR) of 35.0% — if the interest among investors continues to grow. Suggested Reading |...

May 8
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Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency

Crypto Boom In The Gulf: Dubai, Abu Dhabi Fast Becoming Hotbed Of Digital Currency

In response to the global cryptocurrency boom, the United Arab Emirates has become a hub for the industry as a result of its crypto-friendly legislation, which have made it a favorite destination for digital currency aficionados. Dubai and Abu Dhabi are vying for cryptocurrency supremacy. Large exchanges, like FTX, which was last valued at $32 billion, are making their presence known in Dubai. In the shadow of the sail-shaped Burj Al Arab hotel in the buzzing city, bitcoin tycoons mingle with Emirati royals, Wall Street bankers, and social media personalities. The UAE is not lacking in...

May 7
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Wanted: Conti Hackers - US Dangles $15 Million For Info On Russian Cybercriminals

Wanted: Conti Hackers - US Dangles $15 Million For Info On Russian Cybercriminals

The United States offered a reward of up to $15 million for information on the Russia-based cybercrime organization Conti, which has been accused of cyber-extortion attacks around the globe, State Department spokesman Ned Price said. The Conti hacker organization, one of the most successful and vicious Russian ransomware groups, has been responsible for hundreds of ransomware attacks over the past two years, according to a statement released by Price on Saturday. The State Department said Conti unleashed a ransomware attack against the Costa Rican government in April, which severely...

May 8
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Crypto Pyramid Scam: DOJ Charges Mining Capital Coin CEO In $62M Fraud Scheme

Crypto Pyramid Scam: DOJ Charges Mining Capital Coin CEO In $62M Fraud Scheme

The US Department of Justice charged Mining Capital Coin’s senior executive officer with conspiracy to commit a $62 million crypto investment scam. According to the DOJ complaint, Luiz Capuci and unnamed co-conspirators deceived investors over the profit-generating potential of MCC mining packages and a native token called Capital Coin, which was backed by the “largest cryptocurrency mining operation.” A complaint filed with the US Securities and Exchange Commission last month disclosed that Capuci has sold mining packages to at least 65,000 investors since January 2018. The group...

May 9
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Bitcoin Investors Have ‘Low' Financial Knowledge, Bank Study Shows

Bitcoin Investors Have ‘Low' Financial Knowledge, Bank Study Shows

Canadian bitcoin owners have little financial literacy and are susceptible to high levels of financial risk, a new Bank of Canada research shows. The Globe and Mail newspaper in Canada reported the study. According to the research paper, despite their in-depth knowledge of blockchain technology, most Bitcoin investors struggle with fundamental financial literacy. However, while being more aware than the average public, Canadians who are financially prudent are less likely to own the major cryptocurrency. Suggested Reading | Is Germany Truly The No. 1 Crypto-Friendly Country? Perhaps...

Apr 21
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