CFPB proposes crypto firms refund users for funds lost to hacks

'Teflon' Sam Bankman-Fried illustrates why the crypto community holds him in high regard, as Blockfolio exploit results in clear communication and a rapid response. 3028 Total views 11 Total shares On February 9, Blockfolio's Signal feed was briefly compromised, resulting in some users receiving racist messages within the company's app.Users said that the culprits went so…

A cybercriminal group has allegedly stolen around $200 million from cryptocurrency exchanges over the past two years. In total, they are believed to have hit 10 - 20 victims across the United States, the Middle East, and Asia.According to research by the cybersecurity firm ClearSky, the gang named “CryptoCore,” known with other pseudonyms like “Dangerous…

Four individuals allegedly involved in hacking the cell phones of Brazil’s Justice Minister Sergio Moro regularly used Bitcoin (BTC) and other cryptocurrencies, Cointelegraph Brazil reported on July 25.On July 23, the Federal Police of Brazil arrested four individuals who allegedly hacked Moro’s cell phones while he was acting as a judge in the Operation Car…

BTC price should see a serious shake-up in the coming days, but Bitcoin market participants are increasingly worried it will be to the downside. 945 Total views 8 Total shares Bitcoin (BTC) threatened fresh downside over the weekend as markets geared up for the July 23 candle close.BTC/USD 1-hour chart. Source: TradingView$19,000-$23,000 "still on the…

Argentina has emerged as the top market on Binance — one of the world’s largest crypto exchanges — in terms of the number of visitors.

Bermuda's Edward Burt reportedly met with U.S. lawmakers and government officials this week in Washington, D.C. to discuss common standards for digital assets. 135 Total views 24 Total shares Own this piece of history Collect this article as an NFTThe dramatic collapse of crypto exchange FTX last November is not moving Bermuda away from receiving…

Stick em' up! Bank robbery drills in the MetaverseThe Bank of America is mixing a virtual reality metaverse and artificial intelligence to train new employees on everything from handling angry customers to bank robberies.Bloomberg reported July 13 that the bank’s 2,000 new hires undergo a week-long training regime that includes slipping on a VR headset…

Bitcoin (BTC) suffered as investors moved a record amount of cash in Federal Reserve's overnight facility after the central bank started paying interest on the money.The U.S. central bank received $756 billion via its reverse repurchase program from nearly 70 market participants on Thursday. The stash is about $172B higher than the one deposited last week…

Professor Richard Holden thinks exploring distributed ledger technology for voting in US elections could put voter fraud lawsuits to bed. 176 Total views 5 Total shares Richard Holden, an economics professor at the University of New South Wales Business School, says using distributed ledger technology could allay Republican concerns over mail-in voter fraud — but…