manux
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bob wrote a new post
2 years ago
New York Attorney General Sues Gemini, Genesis, and DCG for Defrauding Investors of $1.1 Billion
New York Attorney General Letitia James has filed a lawsuit against cryptocurrency firms Gemini, Genesis, and Digital Currency Group (DCG), accusing them of defrauding 230,000 investors out of $1.1 billion. The…
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2 years agoCalgary Residents Lose $22 Million to Crypto Scams in 2023, Authorities Warn of Underreported Fraud
The Calgary Police Service has issued a warning to residents about the increasing number of crypto-related scams in the city. According to a report from the police, residents in Calgary have lost over $22.5 million…
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2 years agoSEC Secures Default Judgment Against Thor Technologies and David Chin Over Unregistered $2.6 Million Crypto Offering
The U.S. Securities and Exchange Commission (SEC) has achieved a significant victory in its legal battle against Thor Technologies and its founder, David Chin. The SEC has obtained a default judgment against the…
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2 years agoTether Plans to Release Real-Time Reserves Reports Next Year, Says Incoming CEO
Stablecoin issuer Tether has announced plans to release real-time reserves reports by next year, according to its incoming CEO Paolo Ardoino. Tether, which already provides daily reserves reports on its website,…
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2 years agoSam Bankman-Fried's Trial Nears Conclusion with Prosecution Resting Their Case
Sam Bankman-Fried’s trial is nearing its conclusion, with the prosecution set to wrap up their case on October 26th after presenting nearly 20 testimonies. The prosecution has called upon a diverse range of w…
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2 years agoFBI Busts Indian Nationals Running Unlicensed Cryptocurrency-to-Cash Business
The Federal Bureau of Investigation (FBI) has apprehended a group of Indian nationals accused of running an unlicensed business that converted cryptocurrency into cash for clients seeking anonymity. Five out of the…
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2 years agoVeChain's Strategic Partnerships Revolutionizing Industries
VeChain, a leading blockchain platform, has established significant partnerships with renowned companies to revolutionize its blockchain solutions and drive widespread adoption. These collaborations are reshaping…
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2 years agoRipple Holds Upper Hand in SEC Settlement Talks, Says Investment Expert
Investment expert Linda P. Jones has provided insight into the ongoing legal battle between Ripple and the SEC. Talks of a potential settlement have emerged after the SEC dropped charges against Ripple executives…
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2 years agoRipple and XRP Secure Third Consecutive Legal Victory Against SEC
Ripple and its cryptocurrency XRP have achieved another legal victory in their ongoing battle against the US Securities and Exchange Commission (SEC). The SEC has dropped its charges against Ripple’s CEO, Brad G…
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2 years agoCrypto Mogul's "Robin Hood" Defense Rejected in Fraud Trial
A recurring theme in the trial of crypto mogul Bankman-Fried has been his commitment to effective altruism, a philanthropic ideology focused on maximizing impact through charitable contributions and career choices.…
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2 years agoLuxurious Lifestyle Unveiled: Silk Road Bitcoin Thief Apprehended After Years of Investigation
Two years after James Zhong was apprehended for stealing 50,000 bitcoins from the dark web marketplace Silk Road in 2012, new details have emerged about the events leading to his arrest. Zhong, a computer expert,…
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2 years agoBitcoin Lightning Network Developer Discovers Major Security Flaw, Raises Concerns for Users' Funds
Bitcoin’s Lightning Network, a layer 2 payment protocol built on top of the Bitcoin blockchain, has been found to have a major security flaw that puts users’ funds at risk. Former Lightning developer Antoine Ria…
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2 years agoSEC Drops Charges Against Ripple Executives, Focus Shifts to Remedies Phase for XRP Sales Violation
The U.S. Securities and Exchange Commission (SEC) has dropped its charges against Ripple executives Chris Larsen and Brad Garlinghouse, canceling the scheduled trial for April 2024. However, the focus now shifts to…
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2 years agoLawyer and Crypto Advocate Criticizes Lightning Network, Endorses XRP Ledger's 'Spend The Bits' Protocol
Lawyer and cryptocurrency advocate John Deaton has criticized the Lightning Network, stating that the ‘Spend The Bits’ protocol on the XRP Ledger is more effective. The Lightning Network is a second-layer sol…
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2 years agoRipple Expands Global Presence as Governments Embrace Blockchain for CBDCs
Ripple, a leading blockchain-based payment and liquidity hub provider, is expanding its global presence in response to the growing demand for its services and the development of central bank digital currencies…
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2 years agoUS Treasury Seeks to Outlaw Crypto Mixing Services, Citing Money Laundering Concerns
The U.S. Department of the Treasury is cracking down on crypto mixing services, which are used to obscure the source of funds in cryptocurrency transactions. While these services can have legitimate uses for…
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2 years agoCryptocurrency Advocacy Group DEF Urges US Court to Consider Blockchain Technology in Privacy Rights Case
Cryptocurrency advocacy group DeFi Education Fund (DEF) has filed an amicus brief to the U.S. Court of Appeals, urging the court to consider the unique aspects of blockchain technology when evaluating the privacy…
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2 years agoJP Morgan Chase Bank Faces Lawsuit Over Alleged Account Terminations and Missing Funds
America’s largest bank, JPMorgan Chase, is facing a lawsuit from a mother and son, Rui Wang and Hengchen Qu, who claim that the bank terminated their accounts and failed to return over $1 million to them. The l…
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2 years agoRuntime Verification Launches Universal ZK Rollup 'PI Squared' on MultiversX
Runtime Verification, a security audit firm based in Illinois, has introduced a new universal zero-knowledge (ZK) rollup called PI Squared. This technology, unveiled during the MultiversX xDay conference, aims to…
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2 years agoCoins.ph Crypto Exchange Allegedly Hacked, Loses $6 Million in XRP
Philippines-based crypto exchange Coins.ph is rumored to have suffered a hack that resulted in the potential loss of 12.2 million XRP, equivalent to $6 million. However, some of the funds have already been…
