Former British Chancellor George Osborne addresses guests during a visit to the Manchester Chamber of Commerce on July 1, 2016 in Manchester, England. Christopher Furlong | Getty Images LONDON — A former British finance minister on Wednesday joined cryptocurrency exchange Coinbase as a global advisor, beefing up the company’s regulatory bargaining power at a time … Read more
The U.S. Department of Justice in Washington, D.C., June 20, 2023. Kevin Dietsch | Getty Images News | Getty Images The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a worldwide $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other … Read more
The price of bitcoin broke above the $43,000 level on Monday as the cryptocurrency extended its recent gains. Bitcoin was last trading higher by 3% at $43,102.26, according to Coin Metrics. Bitcoin has fought back into the green for the year following steep losses after the long-awaited approval of spot bitcoin ETFs. Bitcoin closed out … Read more
Jonathan Raa | Nurphoto | Getty Images Bitcoin pushed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off. The price of the cryptocurrency climbed more than 3% to $40,989.80 according to Coin Metrics. At one point Friday … Read more
Zhao Changpeng, founder and chief executive officer of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France June 16, 2022. Benoit Tessier | Reuters A federal judge last month rejected a request by Binance founder Changpeng “CZ” Zhao to travel to his home in … Read more
North Korea-linked hackers attacked a record number of crypto platforms and stole more than $1 billion worth of crypto assets last year, according to a report released Wednesday. According to the Chainalysis report, North Korea hacked 20 crypto platforms last year, a higher number that what the firm recorded over the previous seven years. “North … Read more
The FBI claims North Korea-linked hackers were behind a $100 million crypto heist on the so-called Horizon bridge in 2022. Budrul Chukrut | Sopa Images | Lightrocket | Getty Images North Korea-linked hackers attacked a record number of crypto platforms in 2023, according to Chainalysis in its latest report on Wednesday. Data collected from 2016 … Read more
Just over a year after the crypto winter sent bitcoin miner Core Scientific spiraling into bankruptcy, the Texas-based company is back on the Nasdaq. Trading is scheduled to resume Wednesday morning. Core, which has operations in five U.S. states — Texas, North Dakota, North Carolina Georgia, and Kentucky — mines for bitcoin and other cryptocurrencies … Read more
Bitcoin extended its recent declines on Tuesday, falling further below $40,000 to its lowest level since the beginning of December. The price of the cryptocurrency was last lower by 3% at $38,767.10, according to Coin Metrics, adding to its 4% loss from the previous day, when the coin briefly dipped below $40,000 for the first … Read more
Rep. Maxine Waters (D-Calif.) sent a letter to Meta executives Monday expressing her concerns with recent filings related to digital assets services. In a letter to Meta CEO Mark Zuckerberg and COO Javier Olivan, Waters said she was concerned about the “filing status of five trademark applications related to various digital assets services and blockchain technology” with … Read more
