Cryptocurrency intelligence company Elliptic revealed Monday that the company raised $60 million in a Series C financing round from a multitude of strategic investors, including SoftBank, to expedite its blockchain research and development (R&D). The panel of investors included financial service company, Wells Fargo Strategic Capital, in addition to numerous investors welcoming crypto and similar […]
Cryptocurrency
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 […]
In one year, the United Kingdom has set the stage for its drastic growth in the cryptocurrency movement among all European countries. The Land of the Rose’s fascination with blockchain technology resulted in more than $170 billion in received value, according to a Chainalysis report. The report revealed that the Central, Northern, and Western divisions of Europe […]
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 […]
The Daily Stormer website advocates for the white race, posts hate-filled, conspiratorial screeds against Blacks, Jews and women and has helped inspire at least three racially motivated murders. It has also made its founder, Andrew Anglin, a millionaire. Anglin has tapped a worldwide network of supporters to take in at least 112 Bitcoin since January […]
The People’s Bank of China doubled down on Friday its crackdown on all cryptocurrency mining and trading activities by instituting its latest regulation prohibiting overseas cryptocurrency exchanges from accommodating to Chinese citizens under threat of criminal penalty, yielding Bitcoin value. China’s perception of decentralized currencies is not a thing of the past. As the first […]
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 […]
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 […]
Man who pleaded guilty to securities fraud for cheating investors in his cryptocurrency fund of over $50 million was sentenced to over seven years in prison Wednesday by a judge who questioned the sincerity of his apology. U.S. District Judge Valerie E. Caproni in Manhattan imposed the 7 1/2-year sentence Wednesday on Stefan He Qin, […]
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 […]