Facebook’s David Marcus Steps Down From Coinbase’s Board

Two brothers have been arrested by the U.S. Department of Justice for attacking the Ethereum blockchain and stealing $25 million of cryptocurrency during a 12-second exploit, according to an indictment unsealed on Wednesday.The indictment charges Anton Peraire-Bueno, 24, of Boston, and James Pepaire-Bueno, 28, of New York, with conspiracy to commit wire fraud, wire fraud

Out of an abundance of legal caution, many cryptocurrency projects exclude U.S. residents from token airdrops. U.S. crypto users – even insiders at similarly cautious projects - regularly find ways to claim tokens anyway. This "hypocritical" behavior may undermine the effort by some in the industry to avoid U.S. jurisdiction, lawyers said. The U.S. presents

Two U.S. senators sent a letter to the attorney general making an argument that his Department of Justice is making the wrong legal call as it prosecutes crypto mixing services. The letter argues that services such as Tornado Cash aren't money transmitters, and it says that earlier Treasury Department views on transmitters bear this out.

If you’re a politician, this isn’t an easy time to come out supporting crypto. Especially in the wake of the FTX collapse, it might seem more expedient -- and safer -- to make crypto a punching bag than endorse it as a promising industry.Senator Elizabeth Warren, in the most famous example of this, declared on

news A group of six blockchain firms called Universal Protocol Alliance is launching a euro-pegged stablecoin next month. The alliance announced the news Thursday, saying that its “universal euro” (UPEUR) token is aimed at users looking for a low volatility cryptocurrency. The stablecoin can also be potentially offer holders interest of 8 percent interest a year,…

news The troubled crypto exchange QuadrigCX has appealed for creditor protection, setting the stage for a significant court hearing on Feb. 5 in Canada. Last Thursday, the exchange’s appeal was made before the Nova Scotia Supreme Court, with QuadrigaCX claiming that doesn’t have access to wallets containing some $137 million (U.S. dollars) in cryptocurrency. As…

news Algorand raised over $60 million in a token sale of its native Argos token on Coinlist. Argos’ closing price settled at $2.40 per token, after starting the day below $.75, according to CoinCodex. The Foundation previously said it will auction off 600 million Algos per year, meaning that this most recent auction of 25…

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.Jesus Rodriguez is CTO and co-founder of blockchain data platform IntoTheBlock, as well as chief scientist of AI firm Invector Labs and an active investor, speaker and author in crypto and artificial intelligence.Join the most important conversation in crypto and…

The job listing follows comments made by Fed Chair Jerome Powell in recent weeks where he said the central bank needed “better regulatory answers” for global stablecoins.Federal Reserve building, Washington, D.C. (Steve Heap/Shutterstock)Jan 29, 2021 at 10:10 p.m. UTCUS Federal Reserve Looking to Hire a Manager to Research Stablecoins and CBDCsThe U.S. Federal Reserve is…