Deepfake AI ‘gang’ drains $11M OKX account, Zipmex zapped by SEC: Asia Express
OKX blames “coin-stealing hacking gang” for deepfake AI theft of $11M, Zipmex unlicensed, Microvisionchain’s millions in grants: Asia Express
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What the HEX: A Look at Richard Heart’s Controversial New Crypto
HEX is a new financial tool and cryptocurrency launching on the Ethereum network via a Bitcoin UTXO snapshot on December 2. Critics are questioning HEX’s legitimacy, calling it a colossal cash grab and privacy compromise. Devout fans can’t wait to claim their tokens and start staking. So who’s right and who’s wrong?Richard Heart, the outspoken…
Square’s Bitcoin Integration Turns $37 Mln Revenue in Q2 2018
Twitter CEO Jack Dorsey’s payments service Square generated over $70 mln in Bitcoin revenues in the first half of 2018, the company revealed in a quarterly report to the U.S. Securities and Exchange Commission (SEC) August 1. Square, which began offering users the option to buy, sell, and store Bitcoin in its wallet late last…
Swiss leaders plan to enforce global crypto reporting framework
Switzerland plans to adopt global standards for crypto tax reporting, joining the Crypto-Asset Reporting Framework (CARF) to improve transparency.
Russia’s updated crypto mining bill cuts tax amnesty for Bitcoin miners
Legislators in the lower house of Russia's parliament also dropped the notion of a special register for mining operators. 418 Total views 4 Total shares In less than a month, the draft of a crypto mining bill in the Russian parliament has lost several key points, such as the obligation for mining operators to join…
Judge rejects class certification in $400M Mt Gox fraud lawsuit
The move awards another victory to former Mt. Gox CEO Mark Karpeles. A federal judge has rejected a bid for class certification from clients of the defunct Japanese Bitcoin exchange Mt. Gox, which was forced into bankruptcy in 2014 following a major hack.Judge Gary Feinerman made the declaration in the U.S. District Court for the…
Gary Gensler: Crypto market is like 1920s stock market, full of ‘fraudsters’
Gensler argued that securities laws helped prevent stock market scams once they were passed in the 1930s and can benefit the crypto market of today. In a June 8 speech at the Piper Sandler Global Exchange & Fintech Conference, United States Securities and Exchange Commission (SEC) Chair Gary Gensler compared the current crypto market to…
Robinhood enables US users to gift crypto for the holidays
The trading app suggested gifting cryptocurrency this holiday season could help newbies "taking the first step" and have interesting conversations around the dinner table in the future. 736 Total views 38 Total shares Trading app Robinhood has announced that its users will be able to gift friends and family crypto over the holiday season.In a…
Mt. Gox wallet transfers 6,800 BTC as ex-CEO plans to redistribute $6B
Former CEO Mark Karpeles disclosed that the exchange had roughly 200,000 BTC in possession during the company’s closure, out of which the trustee sold 50,000 BTC for $600 million in the past. 1019 Total views 15 Total shares A cold wallet belonging to the infamous Bitcoin (BTC) exchange Mt. Gox transferred 6,800 BTC to an…