American Bitcoin Academy Founder Charged With Fraud That Cost Students $1.2 Million.
The U.S. Securities and Exchange Commission (SEC) has charged the founder of American Bitcoin Academy, accusing him of running an online fraudulent crypto scheme that cost students $1.2 million. The…
Police Warn About ‘Crypto Drainers malware’ Stealing Cryptocurrencies From Wallets.
Singapore’s Police Force and Cyber Security Agency (CSA) have issued a joint warning about “crypto drainer” malware, which steals cryptocurrencies from wallets. As digital assets become more popular, “Cybercriminals are…
Binance Freezes About $4.2 Million worth XRP Connected to Ripple Co-founder’s Wallet Hack
No decentralized exchanges or crypto mixer services were used by the exploit’s hacker.The hacked accounts were Larsen’s personal ones, not Ripple’s. After the biggest breach of 2024 thus far—a $112…
Bankrupt Genesis Global avoid expenses from the SEC lawsuit.
The agreement lets Genesis avoid expenses from the SEC lawsuit and prioritize repaying customers and creditors.Crypto lender Genesis Global has settled with the U.S. Securities and Exchange Commission (SEC) in…
Ark Invest Says Bitcoin Could Be Worth $2.3M If This Happens.
Ark insisted that bitcoin has become an independent asset class worthy of a “strategic allocation in institutional portfolios.Cathie Wood’s asset management firm Ark Invest has predicted that the price of…
Bybit Crypto Exchange Applies for VATP License in Hong Kong.
The SFC has issued licenses to only two cryptocurrency exchanges in Hong Kong so far.Businesses may cater to both retail and professional investors with the VATP license.The Hong Kong Securities…
‘Bitboy’ Say Goodbye to Daily Show Amid Financial and Legal Battles.
Armstrong revealed show’s production costs of $25K/week & monthly legal bills of $100K are straining his finances. Ben Armstrong, widely known as “Bitboy,” has announced the discontinuation of his daily…
Polygon Labs Cuts 19% Of Staff To Reduce Bureaucracy.
Polygon Labs becomes the next crypto firm to announce layoffs, but not as a cost-cutting measure.Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) –…
Biden Admin Launches “Emergency” Survey Of Bitcoin Miners’ Electricity Usage.
The government fears more Bitcoin miners could come online as Bitcoin’s price increases, applying increased stress to electricity grids.The Biden Administration is imposing new reporting requirements on all U.S. cryptocurrency…
Solana’s Phantom Wallet Hit by DDoS Attack, Services Temporarily Disabled.
The team declared that all assets in the Phantom wallet are secure. Until the vulnerability is resolved, Phantom has temporarily disabled several of its services. A Distributed Denial of Service…