The bankrupt company will have to figure out how to make the payments to avoid further legal issues The New York State Department of Financial Services (NYDFS) and Gemini cryptocurrency exchange have reached a deal that requires Gemini to return at least $1.1 billion to clients of its Gemini Earn Program via the cryptocurrency company’s
The government is moving cryptocurrency it seized in the wake of the Bitfinex hack The US government has transferred $922 million in Bitcoin from two crypto wallets that maintained the funds seized after the Bitfinex platform was hacked in 2016. The transfers happened on the same day Bitcoin surpassed $60,000 on February 28, the first
The scammer and FTX cryptocurrency exchange founder is pleading for mercy Attorneys for Sam “SBF” Bankman-Fried have filed a request in the US District Court for the Southern New York District for a prison sentence of between five and a quarter and six and a half years for their client. The former CEO of the
The cryptocurrency entrepreneur was sentenced to prison for fraud The US Court of Appeals for the First Circuit has upheld the fraud conviction of Randall Crater, the founder of the cryptocurrency project My Big Coin, who was sentenced to over eight years in prison. As a result, his plans for a new trial have been
Hong Kong crypto exchange BitForex is reportedly holding millions of its users’ funds The BitForex cryptocurrency exchange has suspended withdrawals for at least the past three days without any reason given. The exchange has also reportedly stopped talking to its customers, leaving them wondering about their funds. On-chain investigator ZachXBT said in a February 23
The SEC continues to be called out for questionable suits against the crypto ecosystem The Kraken cryptocurrency exchange has filed a motion to dismiss a November lawsuit from the US Securities and Exchange Commission (SEC), saying it sets a “dangerous precedent” for the agency’s remit. Kraken filed the motion with a San Francisco federal court
Anyone can introduce an L3 rollup on Ethereum for as little as $50 a month Blockchain infrastructure company Conduit has founded a new platform permitting users to create and deploy a layer-3 rollup on Ethereum or other networks in as little as 15 minutes for as low as $50 a month. Conduit revealed the launch
The move takes effect immediately but shouldn’t impact the cryptocurrency’s status Circle has announced that it will terminate support for its dollar-pegged stablecoin, USD Coin (USDC), on the Tron blockchain. The change is effective “immediately,” and the decision is consistent with “efforts to ensure that USDC remains trusted, transparent and safe.” “Effective immediately, we will
Bitcoin’s next halving is coming soon, and over $1 billion has been moved off the exchange Coinbase’s Bitcoin holdings have been reduced to their lowest level in nine years after users transferred a large portion of their holdings from the exchange. A report from CryptoQuant indicates that 18,000 Bitcoin worth nearly $1 billion were moved
Apple hasn’t removed a fake Rabby Wallet app, despite knowing it’s in the App Store A bogus version of the Rabby Wallet crypto wallet app has reportedly been causing mayhem among unsuspecting App Store users. The team supporting DeBank’s Rabby Wallet verified on February 16 that its official app is currently under review and that
The leading cryptocurrencies may be immune to certain malicious attacks It’s no longer possible for nation-states to eliminate the Bitcoin and Ethereum networks via 51% attacks due to the high costs demanded to do so, according to a recent research study by crypto intelligence firm Coin Metrics. A 51% attack is when a malicious actor
The use of Trezor technology might be creating issues for the cryptocurrency wallet app A US Department of Commerce agency is examining an old version of the “Binance Trust Wallet app” for its susceptibility to allowing attacks to swipe customer funds from their crypto wallets. In particular, iOS devices may be at risk. The National
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