‘My Big Coin’ founder ordered to pay $7.6M for crypto fraud scheme
The US District Court for the District of Massachusetts has ordered “My Big Coin” founder Randall Crater to pay $7.6 million to victims of the fraud scheme.
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‘Why I spent $111K on a digital F1 Car’ — NFT collector
The buyer of last year’s most expensive NFT has finally come forward. 847 Total views 14 Total shares In May 2019, a non-fungible token representing the first digital F1 car minted for the blockchain game F1 Delta Time was sold for a record breaking $110,000. The winner of the auction has just come forward, revealing…

FTX says creditors supported reorganization plan with a 95% vote
FTX chief restructuring officer and CEO John Ray III said the plan promises 100% return plus interest for non-governmental creditors.

Bitcoin reaches for $47K as analysts agree BTC price consolidation cannot last
There will be a breakout up or down within weeks, consensus believes, with targets between $40,000 and $60,000. 5082 Total views 26 Total shares Bitcoin (BTC) recovered from new lows of $45,550 on Jan. 5 as analysts waited patiently for a "squeeze" to trigger fresh volatility.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst weighs prospect of…

Crypto scam reporting needs to move ‘under one umbrella’ — Coinbase CSO
The reporting of crypto scams in the United States is currently handled by a patchwork of agencies that should be streamlined to better protect consumers, says Coinbase chief security officer Philip Martin. “It’s a very fragmented ecosystem. Where do you report these things? Well, you go here, you go there, you go somewhere else,” Martin

What Recent Developments in the Fintech Space Mean for Our Future
The fintech industry has been changing rapidly. Digital assets, distributed ledger technology and central bank digital currencies are gaining momentum. Multi-trillion-dollar United States Federal Reserve System money creation has increased demand for digital assets, particularly Bitcoin (BTC).Banks, brokers, commercial lenders, investment advisors, private investment funds, family offices, mutual funds, fintech entrepreneurs, lawmakers and private citizens…

5 strategies to mitigate side channel attacks on cryptocurrency hardware wallets
Explore strategies to prevent side-channel attacks on cryptocurrency hardware wallets, ensuring your digital investments remain secure. 196 Total views 1 Total shares Cryptocurrency hardware wallets have emerged as a trusted solution for securing digital assets against online threats. However, even these seemingly impenetrable devices are not immune to attacks. Side-channel attacks, which exploit unintended information…

Crypto community concerned over impact of infrastructure bill on DeFi
Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of a definition for the term “broker.” House lawmakers stated that a vote for…

Countries and institutions move into crypto despite market drop: Report
The crypto markets have been in decline since the start of the second quarter of 2022. Each time it seemed like the apparent crypto winter would experience a minor thaw, another notable collapse happened: Celsius, Three Arrows Capital, and more recently, FTX.Approaching the end of 2022, it appears that the same negative sentiments are likely…