Category: Cryptocurrency

Google to offer $1 million in insurance against cryptocurrency mining attacks

June 9, 2023

The arrangement is valid for Google Cloud’s Security Command Center Premium customers Undetected cryptocurrency-mining attacks will now be compensated by Google’s cloud division, which vows to provide security to its customers. It has announced an “insurance plan” of up to $1 million as a means to attract crypto miners. Google’s Security Command Premium subscribers can […]

Binance calls out SEC chair after he offered to be an adviser for the company

June 8, 2023

The announcement follows the SEC’s recent attack of the cryptocurrency exchange According to Binance’s founder, Changpeng Zhao, SEC Chairman Gary Gensler offered to join Binance in 2019 as an advisor. The announcement is poignant, given that Gensler launched a suit against the cryptocurrency exchange this week for its role in allegedly offering unregulated securities. In […]

Coinbase is now under attack by the SEC

June 7, 2023

The securities regulator has launched an offensive attack against both Binance and Coinbase this week The Securities and Exchange Commission (SEC) is making its stance on cryptocurrencies abundantly clear. Coinbase, Inc., the crypto-asset trading platform, faces accusations from the securities watchdog that it has been operating as a securities exchange and unregistered broker clearing house […]

The SEC is going after Binance for a “web of deception”

June 6, 2023

The cryptocurrency exchange continues to find itself in trouble with US authorities The largest cryptocurrency exchange in the world, Binance, is facing legal action from the Securities and Exchange Commission (SEC) on allegations of illegal exchange operation and misuse of customer funds. The lawsuit, filed recently, lists Binance Holdings Ltd. and its affiliates, including BAM […]

A new US bill wants to define cryptocurrencies

June 5, 2023

House lawmakers are going to explore the bill over the coming weeks A proposed bill from the US House of Representatives aims to create a new digital commodity status for select cryptocurrency assets. It’s already moving in the House Financial Services Committee and the House Agriculture Committee, which jointly created the potential legislation. On June […]

Hackers break into Fortnite’s Twitter account to promote cryptocurrency

June 2, 2023

Crypto fraudsters take advantage of Twitter’s inadequacies to break into the video game’s account Yesterday, the official Twitter account for Fortnite experienced an unexpected hack. The perpetrator of the hack has yet to be identified, but right after the incident, a tweet endorsing the new $FNITE TOKEN appeared on FNCompetitive’s timeline. Given that Epic Games […]

Creator of the ONFO cryptocurrency found dead a week after disappearance

June 1, 2023

John Forsyth died of an apparent suicide, although some doubt the theory Police are not treating the death of the creator of the cryptocurrency project ONFO coin as suspicious, despite his body being discovered a week after he apparently suffered a fatal gunshot wound. Dr. John Forsyth, an emergency room doctor and advocate of cryptocurrency, […]

Cryptocurrency exchange Bybit says bye-bye to Canada

May 31, 2023

The lack of regulations across North America continues to impact crypto operations From May 31, 2023, Bybit will no longer allow new customers to use its cryptocurrency exchange services in Canada. Existing customers will also lose access to the platform from July 31. The company decided to stop providing its products and services to Canadians […]

US debt ceiling troubles bring cryptocurrency mining tax talks to a halt

May 30, 2023

The dispute over government spending pulls attention away from the crypto space Over the weekend, the US debt ceiling agreement between US President Joe Biden and House Speaker Kevin McCarthy was disclosed. A significant aspect of it seems to be the elimination of a number of taxes that the Biden administration put forward, including the […]

Crypto payments platform relocates HQ from Chicago to El Salvador

May 29, 2023

The uncertainty of crypto regulations in the US is forcing companies to move offshore The co-founder of Strike, Jack Mallers, made a bold announcement during the Bitcoin 2023 event held recently in Miami. He stated that his company plans to shift its base of operations to the Central American country of El Salvador. This decision […]

Ripple purchases stake in crypto exchange Bitstamp

May 25, 2023

Ripple bought a minority stake in the company from Pantera Capital During Galaxy’s shareholder conference call on May 9, it was disclosed that Ripple has made news by obtaining a minor stake in one of the original cryptocurrency exchanges, Bitstamp. This acquisition was completed through a renowned digital currency hedge fund, Pantera Capital. The transcript […]

Binance faces allegations of mixing customer funds with company revenue

May 24, 2023

The crypto exchange continues to face controversy, although it asserts it has done nothing wrong According to insiders familiar with Binance’s financial operations, the cryptocurrency exchange swapped comingled business funds with US clients during 2020 and 2021. Reuters reports that the company has been frequently mixing users’ funds with Silvergate Bank, investing billions in the […]

Ledger boss confirms the feds can access private cryptocurrency wallet keys

May 23, 2023

Cryptocurrency wallets are not as anonymous as many once thought Pascal Gauthier, the CEO of Ledger, has verified in a recent interview that the government can access customers’ cryptocurrency wallet private keys via the Ledger Recover feature under certain circumstances. Gauthier emphasized that these warrants are not applicable to everyone. Nonetheless, his statements corroborated the […]

It’s time to celebrate Bitcoin Pizza Day

May 22, 2023

Cryptocurrency has come far in the past 13 years, but still has far to go As some cryptocurrency fans on Americas Cardroom know, May 22 marks a globally celebrated event among crypto enthusiasts – Bitcoin Pizza Day. This day holds significant importance as it commemorates the very first occasion when Bitcoin, the oldest and most […]

New York forces cryptocurrency company to pay $4.3 million to investors

May 19, 2023

Coin Cafe allegedly used deceptive practices to attract investors before defrauding them Coin Cafe, a Brooklyn-based cryptocurrency firm, has been ordered to pay restitution of $4.3 million to defrauded investors by New York Attorney General Letitia James. Following an investigation conducted by the Office of the Attorney General (OAG), Coin Cafe was found guilty of […]

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