Bitcoin miner IREN overstated its compute ability and prospects, says lawsuit

The letter seems to be applying political pressure for the two government agencies to act on their own rather than waiting for a bill requiring the creation of such a group to become law. 147 Total views 254 Total shares Two members of the United States House of Representatives have petitioned the heads of the…

Insurance giant Lloyd’s of London now provides a new type of liability insurance policy to protect cryptocurrency in hot wallets that is lost by theft.Lloyd’s new offering was developed by Lloyd’s syndicate Atrium together with crypto will-focused firm Coincover, with limits from as little as £1,000 ($1,275), Lloyd’s announced on March 2. The policy is…

The Bank of Japan has warned G7 nations that a common regulatory framework for cryptocurrencies needs to be introduced quickly, as current rules do not take into account the potential for digital assets to be used to skirt sanctions. 74 Total views 2 Total shares A senior official from the Bank of Japan (BOJ) has…

ConsenSys described the case’s conclusion as highlighting “the value of aggressively combatting meritless claims.” 81 Total views 29 Total shares Canadian blockchain startup BlockCrushr has agreed to drop an intellectual property (IP) lawsuit against early backer, Ethereum-focused software engineering firm, ConsenSys.The two firms filed a joint agreement to dismiss the case on July 27, with…

Year after year, the ransomware landscape changes dramatically. In 2019, a new resurgence of attacks occurred as businesses and government institutions became the main targets of ransomware, given their capacity to yield larger payouts. The most recent attack was against Garmin, a navigation systems company, on July 23. Due to the attack, many of its online…

Today’s Financial Action Task Force’s (FATF) announcement focused on digital currency’s role in money laundering and heightened regulation, as Secretary Steven Mnuchin noted in his closing remarks.The FATF — an intergovernmental organization that focuses its efforts on fighting money laundering — is planning to strengthen control over cryptocurrency exchanges to preclude digital currencies from being…

After that the legislation, introduced for the first time in 2020, should grant approval from the European Council to be published as an effective regulation.

Major Coinbase shareholders have sold over $14 million of stocks over the past 48 hours. 336 Total views 2 Total shares According to public trading data, Coinbase co-founder Fred Ehrsam and ARK Invest have sold more than $14 million of Coinbase shares over the past 48 hours.Information shared by Insider Tracker, a service that shares