The cryptocurrency exchange was able to reverse a massive hack almost as it took place The Binance cryptocurrency exchange demonstrated extraordinary efficiency in protecting user assets during a recent situation. Binance CEO Changpeng Zhao (CZ) disclosed that the firm successfully froze most of the funds looted from its client executives. While on a business trip
The cyberattack may have led to the theft of US and Brazilian customers Vx-underground, a pseudonymous cybersecurity expert that spotlights vulnerabilities in digital currency operations, posted on X (formerly Twitter) that an anonymous group of hackers has reportedly been busy. It’s claiming that it has stolen information from the personal accounts of around 300,000 customers
The cryptocurrency asset reporting framework will change the crypto ecosystem Nearly 50 governments worldwide have jointly agreed to “swiftly transpose” the Crypto-Asset Reporting Framework (CARF), the new international benchmark on automatic information exchanges between tax authorities, into their domestic law, according to a statement published on November 10. The Organization for Economic Cooperation and Development
Congressman Tom Emmer wants to defund the SEC’s crypto enforcement efforts US Congressman Tom Emmer has added an amendment to the House Republican spending bill to block the US Securities and Exchange Commission (SEC) from using government funds to pursue cryptocurrency enforcement until Congress decides who has jurisdiction. The amendment was attached on November 8
The IRS has more surveillance capabilities that will help it track crypto accounts The Internal Revenue Service (IRS) will move ahead with its bid to increase cryptocurrency surveillance, with a past report suggesting how the information could be used. The agency is prepared to keep tabs on Americans’ cryptocurrency usage via an anticipated 8 billion
The protocol launched two years ago but never gained significant traction Ecosystem multichain cryptocurrency protocol ShuttleFlow, managed and sustained by Conflux Foundation, also known as the Shanghai Tree-Graph Blockchain Research Institute, will be terminated after two years and transferred to Web3 studio Zero Gravity, which will continue to grow the protocol under new branding. “All
The ongoing FTX debacle has led to federal authorities being given a lot of personal data FTX advisers have recently been issued subpoenas by several FBI field offices, forcing the bankrupt cryptocurrency firm to disclose data from customer transactions and accounts, according to a Bloomberg report that reviewed the document. FTX consultants have turned over
The jury didn’t take long to return its verdict on several charges The former head of FTX crypto exchange, Sam Bankman-Fried, faces decades behind bars after being convicted of seven criminal charges, including securities fraud, money laundering and wire fraud, after the jury deliberated for five hours. Prosecutors aimed to demonstrate that Bankman-Fried was the
PayPal continues to move deeper into the crypto space following its success in the US Worldwide payments platform PayPal has acquired authorization from the Financial Conduct Authority (FCA) to deliver crypto services to customers in the UK. PayPal has been approved to provide “certain crypto asset activities” in the UK starting on October 31, according
The payment is part of a planned reimbursement following the platform’s collapse Crypto wallets linked to the now-bankrupt FTX crypto exchange and sister firm Alameda Research have transmitted more than $13 million in various altcoins to multiple crypto exchanges as of November 1. Data from on-chain analysis company Spotonchain indicates the FTX wallet initially transferred
The document that started a financial revolution is celebrating its birthday 15 years ago, Bitcoin creator Satoshi Nakamoto shared the Bitcoin white paper with a list of cryptographers on October 31, 2008. The idea of cryptocurrency officially became mainstream conversation, and continues to slowly grow today. “I’ve been working on a new electronic cash system
The unhackable password protection app continues to see users lose their crypto September estimates disclosed that a minimum of $35 million in crypto was stolen from targets of the LastPass breach since the 2022 hack, with the most recent breach adding to the total. At least 25 users have reportedly lost $4.4 million in crypto
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