Coinbase launches an ad campaign to drum up support for a digital penny Coinbase’s new crypto ad campaign declares that moving the US dollar to a “well-designed blockchain” could turn billions of “clunky” pennies into something valuable again. The ad was introduced as part of National Lost Penny Day on February 12, which began in
The crippled cryptocurrency exchange is going to sell Digital Custody for $500,000 FTX CEO John Ray III and the FTX debtors estate have filed to sell Digital Custody (DC) to CoinList for a substantial discount of $500,000, with financing delivered by DC’s original seller and CEO, Terence Culver. The failed cryptocurrency exchange FTX originally bought
A new report shows that criminals still prefer fiat over crypto for their illicit activity A recent detailed risk assessment report from the US Treasury Department finds that cash, not cryptocurrencies, is the preferred money laundering technique for criminals and organizations. Three individual reports investigating money laundering, terrorist financing and proliferation financing detailed the current
The collapse of the crypto lender has the NBA playing defense The NBA is being sued over its marketing deals with the now-collapsed Voyager Digital cryptocurrency lender, which users claim led to over $4.2 billion in losses. The over 100-page complaint filed in a Miami district court on February 6 alleges the NBA was “grossly
Craig Wright is in court as he tries to defend his claim that he is Satoshi The long-awaited trial investigating Australian computer scientist Craig Wright’s claim that he is the pseudonymous author of the 2008 Bitcoin manifesto began in a UK high court on Monday, where a judge permitted Wright to add new proof to
Financial controls in cryptocurrency and other segments are being thwarted by artificial intelligence A new online service called OnlyFake claims to use artificial intelligence (AI) “generators” and “neural networks” to produce fake driver licenses and passports, and reports indicate its products have succeeded in passing Know Your Customer (KYC) checks on several cryptocurrency exchanges. For
The alleged hacker has reportedly gained access to the KodexGlobal platform used by law enforcement An online hacker claims to have access to a “KodexGlobal” law enforcement request account that lets buyers subpoena user data from firms like Chainlink, Coinbase and Binance, among others. A blog updated on February 4 by cybercrime solutions firm Hudson
Users have little time to withdraw their funds if they want to avoid losing them OPNX, the cryptocurrency bankruptcy claims platform started by failed hedge fund Three Arrows Capital (3AC) co-founders, has declared that the company will officially halt all operations on the platform by February 14. In an email recently sent to exchange customers,
The suit accuses the cryptocurrency exchange of facilitating terrorist payments Cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and the governments of Syria and Iran have been named as defendants in a suit filed by families of three victims impacted by Hamas’ October 7 attack on Israel. The plaintiffs include family members of persons affected,
The securities regulator allegedly made up reasons for wanting to shut down the company The US Securities and Exchange Commission (SEC) is pursuing dismissing a lawsuit it filed against a crypto firm after a federal court issued an order requiring the agency to provide reasons why it shouldn’t be penalized for lying. In a January
The organization wants New York to lead the way in blockchain innovation A new amendment has been proposed by the New York City Bar Association regarding emerging technologies, such as digital assets, to motivate cryptocurrency firms to set up headquarters in New York and maintain its status as a leading commercial hub. The New York
A new study shows that crypto fraud has weakened while technology allows more funds to be recovered Blockchain security company PeckShield has publicized data outlining the 2023 losses to crypto hacks and scams. According to the report, except for multichain losses, $2.61 billion was lost during the year. PeckShield documented in its January 29 report
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