Category: Cryptocurrency

Global cryptocurrency regulations could be on their way in May

March 27, 2023

The G7 countries will meet in May, and cryptocurrency regs are reportedly on the agenda The seven largest democracies that make up the G7 could tighten regulation of cryptocurrencies worldwide during their next meeting. Leaders from Canada, Germany, Japan, the US, the UK, France and the European Union are expected to outline a global cooperative […]

Cryptocurrency exchange Coinbase loses ground as SEC threatens lawsuit

March 24, 2023

The securities watchdog is going after certain Coinbase products, which made investors skittish The US Securities and Exchange Commission (SEC) has recently issued a notice stating certain plans to take legal action against Coinbase products. As a result of this action, shares of the cryptocurrency exchange have fallen approximately 15% in yesterday’s premarket trading. The […]

Biden White House derides crypto in 2023 annual economic report

March 23, 2023

Although Bitcoin reached a 9-month high this week, the Biden administration doesn’t seem to be a crypto fan.  At least based on what is contained in the White House’s 509-page annual economic report, which is aptly titled the Economic Report of the President. To sum it up, the report contends that digital assets are not […]

SEC goes after Tron founder Justin Sun for illegal securities disguised as cryptocurrency

March 23, 2023

Sun, Jake Paul and others have landed on the regulator’s anti-crypto radar The US Securities and Exchange Commission (SEC) has taken legal action by suing Justin Sun, the founder of Tron, over allegations of orchestrating “unregistered offers and sales, manipulative trading and unlawful promotion of cryptoasset securities,” the agency stated yesterday. The SEC has now […]

Bulgarian extradited to the US over $4B cryptocurrency scam

March 22, 2023

One of the scammers behind the OneCoin crypto fraud will stand trial for her role Bulgarian Irina Dilkinska, one of the ringleaders of the cryptocurrency pyramid scheme known as OneCoin, was extradited to the US after being indicted on charges of conspiracy to commit money laundering and wire fraud. According to Damian Williams, US Attorney […]

ATM manufacturer General Bytes gets hacked, $1.5M in Bitcoin stolen

March 21, 2023

The theft forces the company to rebuild its internal hardware structures A recent report indicates that Bitcoin (BTC) ATM maker General Bytes experienced a security incident between March 17 and 18, opening the way for a hacker to gain access to its database. More than $1.5 million in BTC was stolen as a result of […]

Flagstar Bank agrees to purchase non-crypto assets from defunct Signature Bank

March 21, 2023

Flagstar Bank has reached a deal with American regulators to purchase some of Signature Bank’s loans and assets. The move comes after Signature Bank was shut down by regulators following a run on the bank. Flagstar Bank operates as a subsidiary of New York Community Bancorp. In a statement issued on the weekend, the FDIC […]

Microsoft rumored to be considering adding crypto wallet to Edge browser

March 20, 2023

The non-custodial wallet would be a big step forward for Microsoft New reports in the crypto world indicate that Microsoft may be testing a new feature for the Edge browser, a cryptocurrency wallet integrated into the app for Windows 11. This feature would open up the opportunity to store, send and receive crypto funds, in […]

Retail investors can now trade crypto through Fidelity Investments

March 20, 2023

Even though Silvergate and Signature Bank have shuttered their doors to crypto traders in the past week, there’s still some positive news in the cryptocurrency space.  Fidelity Investments now offers bitcoin and ether trading to most of its retail clients through The Fidelity Crypto platform. The Fidelity Crypto platform isn’t new, but up until this […]

US Central Bank’s FedNow instant payment service launching in July

March 17, 2023

Cryptocurrencies won’t be the only digital game in town if the US Central Bank has its way.  The Financial Services division of the US Federal Reserve announced that it will be launching its much anticipated FedNow instant payment system this summer. FedNow is currently scheduled to launch in July, but financial institutions in the US […]

Trojanized WhatsApp, Telegram apps are targeting cryptocurrency wallets

March 17, 2023

Users of the popular apps need to be aware that they could be targets of crypto scammers WhatsApp and Telegram are messaging applications with several powerful security filters. However, according to ESET’s research team, there are a large number of websites posing as both apps, especially targeting Android and Windows with trojanized versions. Most of […]

The feds have shut down cryptocurrency mixer ChipMixer over $3B money-laundering scam

March 16, 2023

The crypto company’s boss is under arrest for fraud that spanned several countries The US Department of Justice (DOJ) announced yesterday that it has shut down the darknet cryptocurrency mixing service ChipMixer. The agency made clear that the platform’s services have been used to launder more than $3 billion in cryptocurrencies between 2017 and 2023. […]

Binance terminates deposits and withdrawals in British pounds

March 16, 2023

There’s some bad news for British Binance users.  UK customers of the world’s largest cryptocurrency exchange were informed yesterday that Binance had halted deposits and withdrawals in British pounds sterling. The move comes after Paysafe, which is Binance’s partner for transfers denominated in British pounds, announced that it had halted GBP transfers for new users […]

Signature Bank and its former executives face lawsuit over failures

March 15, 2023

The cryptocurrency-tied bank’s recent collapse is already leading to legal battles Three former senior executives of Signature Bank and the company were sued yesterday by shareholders who accused the New York bank of fraudulently proclaiming its financial strength a couple of days before it was seized by a state regulator. The proposed class action lawsuit […]

A new scam is using mobile games to steal users’ cryptocurrency

March 14, 2023

Mobile gamers need to be cautious about where they get their games A recent alert has been issued to users not to fall into the trap of a new type of fake gambling application that has already stolen millions in cryptocurrencies from its victims. It appears that victims are often contacted by online scammers before […]

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