The legislation also provides better clarity for cryptocurrency miners Lawmakers in Louisiana have amended a bill to prohibit the use of central bank digital currencies (CBDCs) and established regulations for node operators and miners. The revised law will go into effect in August 2024. The revisions, named the Blockchain Basics Act, ban Louisiana from conducting
The platform has said only a small number of wallets were impacted by the attack CoinStats’ crypto portfolio manager platform was recently suspended temporarily after 1,590 wallets were affected by a security breach. “The attack has been mitigated, and we have temporarily shut down the application to isolate the security incident,” CoinStats stated in a
The suit follows comments made by Ripple’s CEO in 2017 A US federal court judge is going forward with the civil securities lawsuit against Ripple Labs, rejecting its summary judgment in the case alleging that CEO Brad Garlinghouse violated California securities law. Judge Phyllis Hamilton of the US District Court for California’s Northern District issued
A man acting as a Chase Bank employee almost cost an elderly woman $40,000 An ongoing scam by a person claiming to be a Chase Bank employee was thwarted after a White Settlement, Texas, police officer intercepted the con as it was developing. The incident involved an elderly woman who was seen trying to deposit
The move comes as a surprise, given the agency’s continued attack on the cryptocurrency space According to an announcement from Consensys, the US Securities and Exchange Commission (SEC) has concluded its investigation into Ethereum 2.0 and will no longer pursue its case, claiming that ETH is a security. “The Enforcement Division of the SEC has
The cryptocurrency platform is officially done after costing investors $40 billion Terraform Labs has agreed to a settlement with the US Securities and Exchange Commission (SEC) in which it will pay the regulator about $4.47 billion. The settlement comes Terraform Labs and co-founder Do Kwon were found liable for the company’s collapse, which resulted in
The platform formerly known as Twitter has seen an uptick in cryptocurrency fraud Binance co-founder Yi He recently expressed that he doesn’t believe Elon Musk is doing enough to fight cryptocurrency scams on the X.com platform and questions whether he would do anything to address the issue. He’s worried were about an apparent impersonation scam
The addition of PayPal enhances the payment processing company’s services Payment processing company MoonPay has announced the addition of another fiat purchasing option for European Union and UK customers. European users will soon be able to use PayPal to purchase crypto products on the platform. The new feature is currently available for 1% of European
The company behind the Terra blockchain protocol cost investors over $40 billion Terraform Labs, the company behind the Terra blockchain protocol, has settled its lawsuit brought forth by the US Securities and Exchange Commission (SEC) and must pay a total of about $4.47 billion. This includes $3.6 billion in disgorgement fines, a $420 million civil
Although not yet available in the US, the staking option is a welcome addition for crypto fans The MetaMask crypto wallet platform has introduced its new staking service, which permits users to pool funds and stake their assets in validators operated by Consensys, a blockchain software firm. Users can stake their Ether without meeting Ethereum’s
The online travel agency now accepts TON for making travel plans Cryptocurrency-friendly travel booking firm Travala recently announced it is integrating with the Telegram Open Network to permit users to purchase travel packages with their Toncoin (TON) tokens. The vacation booking firm currently supports payment using market leaders like Bitcoin, Ether, Solana, and XRP, among
The cryptocurrency exchange is moving on as its founder spends time in prison The world’s biggest cryptocurrency exchange by daily volume, Binance, announced on social media on June 8 that it now serves 200 million users worldwide. This is by far the most users among any global crypto exchange. Binance celebrated the milestone across social
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