Today, CoinMarketCap delves into what's going on with El Salvadorian crypto wallets and why crypto cyberattacks are on the rise.
Today’s Top Crypto News Stories
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Bitcoin.org Told to Take Down BTC Whitepaper 🚨
Bitcoin.org has been ordered by a British court to take down the whitepaper for Bitcoin after the website was accused of copyright infringement. The case was brought by Craig Wright, who claims he is Satoshi Nakamoto, the cryptocurrency's pseudonymous inventor. Bitcoin.org was also told to pay $48,000 in legal costs. The website's owner has reacted furiously.
Crypto Cyberattacks Surged 192% During Bull Run 🥺
The number of crypto scams is directly related to dramatic rises in Bitcoin’s price, new research suggests. Bitcoin’s price rose by almost 400% between October 2020 and April 2021 — and according to researchers at the security firm Barracuda, impersonation attacks soared by 192% over the same period. Here are the most common types of attacks, and how to protect yourself.
EToro Boss Predicts Crypto Crackdown Will Escalate 😱
Yoni Assia has told the Financial Times that he expects regulators will ramp up efforts to clamp down on cryptocurrencies as greater numbers of retail investors express an interest. However, he warned regulators must learn more about how digital assets like Bitcoin and Ether work — and "understand that crypto is here to stay." Find out what Assia had to say.
Salvadorans Won't Be Forced to Use Govt Wallet 🇸🇻
El Salvador's president has stressed that the country's population won't be forced to use a crypto wallet issued by the government when Bitcoin becomes legal tender. The wallet has been called Chivo — a slang term for "cool" in the country. Nayib Bukele is attempting to assuage concerns ahead of the Bitcoin Law coming into force on Sept. 7. Read more here.