China News Daily Official TheBitTimes.com

Europol has announced that it has uncovered a €69 million ($75 million) ‘ malware dropping’ plot as part of a worldwide criminal crackdown dubbed ‘Operation Endgame.’ Carried out between May 27 and 29, Endgame, which was led by France, Germany and the Netherlands, targeted droppers such as IcedID, SystemBC, Pikabot, Smokeloader, Bumblebee and Trickbot. It eventually saw four individuals arrested, took down over 100 servers across the globe, and seized over 2,000 domains. The unnamed individual alleged to have been behind the scheme that raked in $75 million in Crypto currency, reportedly made their fortune renting out criminal infrastructure and deploying malicious software. As outlined by Europol, “Malware droppers are a type of malicious software designed to install other malware onto a target system. They are used during the first stage of a malware attack, during which they allow criminals to bypass security measures and deploy additional harmful programs, s...

European Central Bank chief Christine Lagarde reportedly said her son ignored warnings against crypto investments and lost “about 60%” of his money. European Central Bank (ECB) president and prominent Bitcoin (BTC) critic Christine Lagarde has shared a family story about unsuccessful cryptocurrency investments, according to a report from Reuters. Lagarde told students at a town hall in Frankfurt on Nov. 24 that her son lost “almost all” of his investments in crypto assets, despite persistent warnings, Reuters reported. “He ignored me royally, which is his privilege,” Lagarde reportedly declared, adding that he lost “almost all the money he had invested.” The ECB chief didn’t disclose the sum her son lost, noting that he claimed it wasn't “a lot,” but only “about 60%” of his crypto investments. “So when I then had another talk with him about it, he reluctantly accepted that I was right,” Lagarde reportedly stated, adding: “I have, as you can tell, a very low opinion of cryptos [....

Despite the on-going turbulent phase, companies from the crypto space continue to expand and grow. As per a recent development, crypto exchange Coinbase has “strengthened” its European senior ranks “to help lead its expansion plans” in the region. Chalking out the series of changes, a Bloomberg report revealed, “ Cormac Dinan, who was a general manager at Crypto.com, has joined Coinbase as country director for Ireland. ” The report also outlined, Michael Schroeder, former chief compliance and risk officer at Bittrex, will join the crypto exchange as director of controls for Germany.  As far as promotions are concerned, Coinbase promoted Elke Karskens as new Country Director in the UK and Patrick Elyas as Director of Market Expansion in Europe, the Middle East and Africa. Earlier, the company hired Daniel Seifert, a Senior Executive from German financial technology company Solarisbank AG last month, to lead its European expansion. At ...

This week’s episode of The Market Report discusses the spot Bitcoin ETF that just launched in Europe and why the U.S. still lags behind. In the latest episode of Cointelegraph’s  The Market Report , analyst Marcel Pechman discusses the first spot Bitcoin exchange-traded fund (ETF)  approved in the European Union, which went live on the Euronext Amsterdam exchange on Aug. 15. Despite the seemingly unconventional choice of the Guernsey regulator for its constitution, the fund’s listing on Euronext suggests a strategic maneuver, though its meager 1 million euro launch and unfamiliar management casts a shadow over its appeal. Moving on, Pechman shifts focus to the United States Bitcoin ETF landscape, where the Securities and Exchange Commission (SEC) has once again delayed its decision on approving a spot Bitcoin (BTC) ETF, setting a potential deadline for early 2024. This recurrent cycle of postponements echoes the challenges faced over the past decade. The lack of regulatory clarity in...