The platform believes North Korea’s Lazarus Group is behind the attack CoinsPaid has publicly accused North Korean state-backed Lazarus Group of being responsible for hacking its internal systems on July 22, allowing it to steal $37.3 million. “We suspect Lazarus Group, one of the most powerful hacker organizations, is responsible,” CoinsPaid clarified in a July
Greater oversight of cryptocurrency transactions is coming The US Department of Justice (DoJ) plans to double its crypto crime team launched in 2021. Not only will the unit add to the number of acting prosecutors, but it will also have a new leader. The National Cryptocurrency Enforcement Team (NCET) will merge with the Computer Crime
This will be the fourth generation of Reddit-linked NFTs launched to the world Even though the NFT (non-fungible token) industry is in a slump, Reddit keeps attracting new owners of digital collectibles created on the blockchain. It has announced that it will release its new series of collectible avatars on July 26, per an official
The controversial exchange hope to dismiss a lawsuit against it ahead of a July 27 deadline Binance, its CEO Changpeng Zhao, and former chief compliance officer Samuel Lim are planning to file two motions to dismiss a lawsuit filed by the United States Commodity Futures Trading Commission (CFTC). In the July 24 filing, they say
The securities watchdog has agreed to consider a crypto trading proposal from BlackRock The US Securities and Exchange Commission (SEC) has accepted the application by BlackRock to request a spot Bitcoin exchange-traded fund (ETF) following its recognition of a similar application by Bitwise. Two in one week marks a record for the securities watchdog, which
Cryptocurrency is taking center stage as presidential hopefuls look for support At the recent PAC Heal-the-Divide event, Democratic presidential nominee Robert F. Kennedy Jr. outlined detailed Bitcoin-focused policies he would implement as president, including support backing the US dollar with Bitcoin and an exemption from the capital gains tax on Bitcoin profits. “My plan would
Ripple received a partial victory in its fight with the SEC, which could benefit the cryptocurrency space Ripple Labs’ partial victory in its historic XRP battle with the Securities and Exchange Commission (SEC) may mark the first significant step toward regulatory transparency for the US cryptocurrency sector. This is the view of Caroline Pham, a
Central bank digital currencies defeat the purpose of having cryptocurrency Ron DeSantis, the Florida governor and a potential candidate for president, has vehemently voiced his opposition to the implementation of central bank digital currencies (CBDC). During a recent event in Iowa, he made it abundantly clear that in the event of his election as President
Ripple didn’t offer securities, although it’s not completely innocent In its protracted clash with the United States Securities and Exchange Commission (SEC), Ripple and its XRP cryptocurrency emerged triumphant from a single skirmish. But this fleeting conquest does not signal the end of the arduous conflict it faces. A judicial decision yesterday ruled that the
More consumer-facing examples of the benefits of crypto as money are arriving The rapid surge in the cryptocurrency realm has resulted in an overwhelming desire for its integration in various domains. Telegram, acknowledging the significance of digital currencies, has showcased its enthusiasm by incorporating Wallet Pay. This innovative payment solution is created on The Open
A rogue cybersecurity expert used his skills to attack a cryptocurrency exchange A cybersecurity professional has been indicted by the US government for infiltrating a cryptocurrency exchange and pilfering approximately $9 million worth of digital currency. This incident seems to involve a lawful expert-turned-renegade who then tried to redeem himself. Shakeeb Ahmed, a 34-year-old cybersecurity
The Financial Conduct Authority has shut down 26 crypto ATMs this year The Financial Conduct Authority (FCA) in Britain has initiated a fresh offensive against illicit cryptocurrency machines scattered throughout the nation. In a bid to safeguard consumers from potential monetary losses, the FCA firmly shut down over two dozen machines that were unlawfully providing
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