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
Alaska and Florida tell the exchange that it’s not welcome in their states Binance.US cryptocurrency exchange is still under pressure from US regulators in the wake of the former CEO Changpeng Zhao’s guilty plea. Florida and Alaska regulators have communicated to Binance.US that the firm can no longer serve residents in their states, according to
Criminals are using AllaKore RAT to access company databases and computers Blackberry’s research and intelligence division recently identified and cautioned about cyber attackers targeting multiple prominent Mexican banks and crypto exchanges. The report recognized an attack that tried to swipe sensitive user data from banks and crypto trading services using AllaKore RAT, an open-source remote
The company will repay Texas consumers who used the platform before it fell Cryptocurrency lending firm Abra, which went belly-up in March 2023, has entered into an agreement in principle with the Texas State Securities Board (TSSB) to return the assets of the Texas citizens. The TSSB released the final compensation verification on January 22,
Meta has been sitting on crypto patents for years without putting them to use The US House Financial Services Committee is attempting to force Meta to reveal its plans regarding blockchain or crypto-related endeavors. The company currently has five cryptocurrency and blockchain-related trademark applications active from 2022. Ranking committee member Maxine Waters sent a letter
Terraform Labs hasn’t been able to recover and now has to call it quits Terraform Labs, the company created by Do Kwon and behind the now-defunct TerraUSD (UST) stablecoin, has filed for Chapter 11 bankruptcy protection in the US. The filing was submitted to the United States Bankruptcy Court for the District of Delaware on
The company is facing backlash from the crypto ecosystem as it tries to garner support Bitcoin miner Hut 8 shares fell over 23% on January 18, the same day an unverified report accused that insiders are readying to dump the firm’s stock. Hut 8 stock tumbled from $9.30 to as low as $7.10 per share
The EU continues to shape the future of crypto, and other regions will follow suit Parliament and the European Council have consented to extend parts of the European Union’s Anti-Money Laundering (AML) and Counter-Terrorist Financing law to include the cryptocurrency market. The agreement includes most of the crypto industry, requiring cryptocurrency service companies to review
The tax authority isn’t going to force crypto users to comply with a new $10K rule The Internal Revenue Service (IRS) announced on January 16 that US businesses aren’t yet required to report cryptocurrency transactions exceeding $10,000 until the agency completes its regulatory framework. The decision comes after the US Treasury Department and the IRS
Tether isn’t happy with the UN’s portrayal of the use of the stablecoin Major stablecoin company Tether has reacted to a United Nations (UN) report spotlighting the alleged involvement of its Tether stablecoin in illegal activity. The Southeast Asia and Pacific divisions of the UN Office for Drugs and Crime (UNODC) published a report on
GameStop has battled to stay solvent for years and isn’t finding solid ground with NFTs GameStop has alerted its users that it will be phasing out its nonfungible token (NFT) marketplace in February due to uncertainty about its regulation. In a declaration on GameStop’s website, the gaming retailer informed users that they have just over
Vanguard users are threatening to close their accounts as the company rejects cryptocurrency Asset management firm Vanguard’s decision not to permit purchasing of spot Bitcoin exchange-traded funds (ETF) on its platform has apparently driven some customers away. The Wall Street Journal reported on January 11 that Vanguard says it won’t offer spot Bitcoin ETFs on
Our Responsible Gambling program verifies that all players are of legal age and provides customizable self-exclusion tools for our tables, sportsbook, and casino.
Most Common