Court revives 2020 AT&T case over $24M crypto theft via SIM swap
Cryptocurrency stolen in a SIM swap may lead to a precedent-setting decision on phone company responsibility.
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A ‘token’ gift: The US SEC giveth and taketh away
On Dec. 23, 2020, the SEC published a statement proposing a framework for broker-dealers to custody digital asset securities in a manner consistent with Rule 15c3-3 under the Securities Exchange Act of 1934. Among other things, the statement, which will expire after a period of five years from publication, provides that a broker-dealer may custody…

Bitcoin analysts weigh sub-$17.5K dip after ‘weak’ BTC price bounce
There is "no way" that Bitcoin price performance will not eclipse the recent $17,500, one analyst insists. 879 Total views 58 Total shares Bitcoin (BTC) avoided losses as United States equities dived on the July 14 Wall Street open, but traders remained nervous.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: "No way" Bitcoin bottomed at $17,500Data…

Celsius exodus: $320M in crypto sent to FTX, user withdrawals paused
Crypto staking and lending platform Celsius may be dealing with its rumored liquidity crisis by unstaking $247 million worth of Wrapped Bitcoin from Aave and sending it to FTX exchange.Speculations among the crypto community are now flaring as the project has been moving massive amounts of WBTC, ETH, and other crypto assets in addition to…

With inflation going through the roof, Sudan’s central bank cautions citizens against using crypto
Sudanese financial regulator considers cryptocurrencies to be the source of “high risks" as the demand grows. 228 Total views 13 Total shares The Central Bank of Sudan (CBOS) cautioned the country’s citizens against dealing with “all types of cryptocurrencies” due to “the high risks” that they pose. This announcement came as a reaction to the…

PNC Bank Using Ripple XCurrent — Is Interest in Blockchain Rising?
Stablecoins have a goal of putting an end to the recent volatility of the crypto market — and in doing so, they have opened the door to crypto usage for institutional investors, which has long been considered an important milestone on the road to mainstream adoption. One of the ways that institutional investors are looking…

UN Official: Cryptocurrency Makes Criminals Harder to Catch
Neil Wals, chief of the United Nations Office on Drugs and Crime Global Cybercrime Program, warned that cryptocurrencies have made combating money laundering significantly harder.Australian news outlet ABC reported on Aug. 29 that Wals said cryptocurrencies make fighting cybercrime, money laundering and financing of terrorism harder. Wals expressed the idea that criminals using crypto assets include…

NFT court orders could become a norm in crypto-related litigation: Lawyers
Despite whether the defendant sees the court notice, getting served by NFT ‘limits what the defendant’ can do with the funds according to legal experts. 462 Total views 3 Total shares Own this piece of history Collect this article as an NFTNon-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based…

Fortune favors something — Eminem takes Crypto.com mantle from Matt Damon
Slim Shady was the latest celebrity to advertise “fortune favors the brave” for Crypto.com following Matt Damon’s ad spot in October 2021.