Search results for "cryptocurrency"

White House blacklists Russian ransomware payment 'enabler'

The Biden administration sought Tuesday to choke the finances of criminal ransomware gangs, announcing sanctions against a Russia-based virtual currency brokerage that officials say helped at least eight ransomware gangs launder virtual currency. The Treasury Department sanctions are aimed at kneecapping the economic infrastructure of a ransomware threat that has surged over the last year, […]

More than 100 cybercriminals arrested as part of massive Italian mafia groups

European police officers recently announced the arrest of 106 cybercriminals accused of working for a number of Italian mafia groups, as well as money laundering over $11 million. Operating from headquarters in Spain’s Canary Islands, the Italian mafia cybercriminals allegedly victimized hundreds of online users by conducting several online schemes, including phishing operations, attacking internal […]

CFTC delves into Binance’s insider trading conduct

U.S. Commodity Futures Trading Commission (CFTC) sharpens its regulatory gaze as it initiated a condensed investigation into cryptocurrency trading platform Binance Holdings Ltd. for probable crypto exchange abuse for insider trading and market manipulation, according to Bloomberg.  It seems that even though not everyone can stand its probing scrutiny, the U.S. is feeding its recently found […]

Insider NFT trading scheme on OpenSea platform

Famous Non-Fungible Tokens (NFT) crypto marketplace OpenSea reported on Wednesday that one of its leading executives has been exploiting the platform’s insider information to cannily market digital collectibles from his wallet.  OpenSea disclosed that one of its employees was indulging in a trading scheme conducted by utilizing private crypto wallets to buy and sell NFT collectibles on its site and revealed that […]

Problems continue to plague El Savador's bitcoin rollout

One week after El Salvador became the first country to make bitcoin legal tender, problems continued to plague the system Tuesday. El Salvador rolled out a digital wallet known as the “Chivo” on Sept. 8, but the system has often been down for maintenance. It may have been overloaded by the sheer number of Salvadorans […]

UK watchdog calls out Kardashian West's Instagram crypto ad

A British financial regulator concerned about the lack of rules for online promotion of cryptocurrencies has called out celebrity influencer Kim Kardashian West’s use of her Instagram account to pitch Ethereum Max to her followers. Charles Randell, chair of the Financial Conduct Authority, said Kardashian was recently paid to ask her 250 million Instagram followers […]

Robinhood’s stable feature for crypto investing

Robinhood revealed on Wednesday its latest feature allowing users to invest in the cryptocurrency market customarily and regularly for just one U.S. dollar without any additional fees in a bid to augment the company’s fast-growing parts. The trading company announced that the reason behind releasing this feature is to provide a secure way to minimize […]

Glitches still plague bitcoin rollout in El Salvador

Salvadorans trying to pay for a cup of coffee or receive money sent from relatives in the United States using the cryptocurrency bitcoin continued struggling to perform transactions Wednesday, a day after El Salvador made it legal tender. Problems still plagued the digital wallet Chivo. El Salvador President Nayib Bukele kept citizens apprised of advances […]

Early stumble as El Salvador starts Bitcoin as currency

El Salvador became the first country to adopt Bitcoin as legal tender Tuesday, but the rollout stumbled in its first hours and President Nayib Bukele said the digital wallet used for transactions was not functioning. For part of the morning, El Salvador’s president became tech support for a nation stepping into the world of cryptocurrency. […]

Bitcoin brings hopes, doubts for Salvadorans sending money

El Salvador is betting that this week’s pioneering adoption of Bitcoin will spur its economy, especially one of its most crucial sources of revenue: money sent home by Salvadorans in the United States. A fervent proponent of the cryptocurrency, President Nayib Bukele has asked the more than 2 million Salvadorans who live overseas to send […]