Microsoft faces multi-billion dollar fine in EU over Bing AI
The Redmond company could be fined as much as 1% of its annual revenue if it doesn’t respond by May 27.
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SEC Halts Crypto Scam, Alleging Two Brothers Stole Millions From Investors
The U.S. SEC freezes assets of several alleged crypto scams run by Hvizdzaks brothers. 740 Total views 35 Total shares The United States Securities and Exchange Commission (SEC) has halted activity of another alleged cryptocurrency-related scam stealing millions of dollars from investors.According to a SEC’s announcement on June 19, the authority has been granted a…

Why Pakistan and the Middle East can bet on crypto mining
It is especially important for countries to become more aware of cryptocurrencies, especially with components like decentralized finance rising in prominence. Now that the Middle East is becoming more mining-friendly, the future suddenly looks bright once again for this region.Pakistani administration legalizes crypto mining The Pakistani government appears to be moving quickly toward a pro-crypto…

Majority of 400 Vulnerable Docker Servers Found to Be Mining Monero, Research Shows
About 400 servers running virtualization software Docker were found to be vulnerable to outside exploitation. Most of them were seemingly running Monero (XMR) mining software, cybersecurity company Imperva reports on March 4.A misconfiguration of the vulnerable Docker hosts permits public access to the Docker API, which should only be locally accessible. This misconfiguration, combined with…

Bitcoin Reclaims $13,000 as NY Fed Says Recession Risk Highest Since 2008
Bitcoin (BTC) hit $13,000 again on June 10 as the 2019 bull market delivered fresh reasons to celebrate for traders and HODLers. Market visualization courtesy of Coin360Data from Coin360 showed BTC/USD hitting $13,130 in early trading Wednesday, the pair reclaiming almost $1,000 in 24 hours. The past days have surprised markets, with analysts previously warning a major…

Coinbase CEO: Future stablecoin regs likely to demand full US Treasury backing
Brian Armstrong said his cryptocurrency exchange would delist USDt if Tether cannot comply with any new US legislation.

Bullish Case for Bitcoin Grows as BTC Whale Population Tops 3-Year High
Recently published data from glassnode shows there are currently more than 1,800 Bitcoin (BTC) whales. From a macro perspective, this increase in the number of whales can be considered bullish.The term whale is used within the crypto industry to describe an individual investor that holds a large amount of BTC. Typically, whales are early Bitcoin…

Blockchain group to push Philippines Web3 adoption via state partnership
DICT Director Emmy Lou Versoza-Delfin said there’s been a rise in innovative blockchain startups in the Philippines, signaling that the country could be a global leader in blockchain. 340 Total views 2 Total shares The Blockchain Council of the Philippines (BCP) — a nonprofit organization dedicated to improving the regulatory framework for blockchain technology —…

Online Fantasy Sports Company Recognizes Ransomware Attack in SEC Filing
DraftKing reveals that a ransomware attack was behind the latest cybersecurity incident of SBTech. 1329 Total views 43 Total shares Fantasy-sports company, DraftKing Inc, recently filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission, or SEC. This form indicates that SBTech, a company DraftKing Inc acquired, was hit by a ransomware…