Search results for "cryptocurrency"

Trading apps move to get a live person to hear your problems

It’s one of the downsides of apps that make things like ordering food or buying stocks and cryptocurrencies easier: What happens when something goes wrong? It’s often a frustrating chase, tapping through menu after menu in hopes of reaching a person to fix the problem. It’s also something that upstart companies upending the investment and […]

China power shortage inflicts anarchy into tech supply chain

China is facing the worst power shortage in its history as the electricity crunch and authorities force manufacturers to cut down on production, an act that could unleash chaos within the tech supply chain. Companies are bracing themselves for what could be the pinnacle of production after COVID-19 merely ravaged the industry. Now, another factor […]

Coinbase' flawed MFA led to threat actor breach

Famous cryptocurrency exchange platform Coinbase underwent a cyber threat, breaching 6,000 accounts by detouring around the platform’s security feature. Coinbase informed thousands of its users that the company detected a “third-party campaign to gain unauthorized access to the accounts of Coinbase customers and move customer funds off the Coinbase platform.” On Friday, Bleeping Computer sparked attention that […]

Ethereum analyst pleads guilty to conspiring against U.S. sanctions

Famous Ethereum researcher Virgil Griffith was sentenced to 20 years in prison for assisting the North Korean government in eluding U.S. sanctions during a blockchain conference, jeopardizing American coercion on the Democratic People’s Republic. The researcher gave an admittance of guilt for colluding to break the International Emergency Economic Powers Act, strictly preventing the export […]

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 […]