Nomad Bridge hacker moves $35.2M in ETH to Tornado Cash
The transfer involving the Nomad Bridge exploiter and Tornado Cash highlights the ongoing battle between privacy and regulation in the cryptocurrency industry.
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Paxos’ Precious Metal-Backed Cryptocurrency to Launch This Year, CEO Says
Blockchain trust company Paxos’ digital token backed by precious metals will be launched "definitely this year," said Paxos CEO, Chad Cascarilla in an interview with Fortune’s Balancing the Ledger on March 11.During the interview, Cascarilla was asked whether Paxos is working on a gold-backed coin, wherein he replied that “it is something we will see…
McAfee Trading Platform Suffers DOS Attack Upon Launch
Cryptocurrency enthusiast John McAfee's crypto trading platform was immediately targeted by hackers with a denial of service (DOS) attack following its launch, according to an official Twitter post from McAfee on June 12.According to the post, the web servers for the “McAfeeMagic” trading platform, were hit with a cloaked High Orbit Ion Cannon (HOIC) DOS…
Ripple Court Ruling May Expand Legal Action Potential Against Crypto
A California court has argued that cryptocurrencies that are not securities may be subject to federal laws targeting unfair, deceptive, or abusive acts or practices (UDAAP) during a Feb. 26 hearing for a consolidated class action against Ripple Labs Inc.During the Feb. 26 hearing, the court asserted that transactions involving cryptocurrencies that are not deemed…
Quebec’s energy manager to seek government approval to stop powering crypto miners
Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms. 237 Total views 4 Total shares Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms. According to a Nov. 3 tweet…
Can a liquidity marketplace advance the crypto industry?
Two-sided marketplaces are more than a smart business model. These platforms can democratize access and promote widespread economic inclusion in previously inaccessible markets. They have worked wonders in myriad verticals already — e.g., stock exchanges — and the world of digital asset liquidity may now be fertile ground for this business model.Successful new platforms bring…
Fintech Firm Hopes to Overhaul Microwork Industry With Platform Built on Blockchain
An established mobile fintech platform with more than 5 million users across 200 countries is launching a decentralized ecommerce ecosystem designed to help anyone with a smartphone make a living, thereby democratizing wealth distribution.Vodi X is the partner company of Vodi, a company that offers its customers the ability to instantly top up prepaid mobile…
Founder of Romanian Crypto Exchange Coinflux to Be Extradited to US on Multiple Allegations
Nistor Vlad Călin, the founder of Romanian crypto exchange Coinflux, will be extradited to the United States, local media company Mediafax reports Jan. 4.As Cointelegraph reported in December, Călin was arrested earlier on a warrant from the U.S. for organized crime, money laundering and fraud allegedly conducted through his cryptocurrency exchange.Călin has been reportedly arrested…
Wells Fargo Joins Elliptic’s Series B Investment Round
Wells Fargo Strategic Capital, the venture arm of the fourth-largest bank in the U.S., is contributing $5 million to Elliptic’s Series B funding round. According to a Feb. 13 press release, the investment will help the company build products for large financial institutions.The latest investment brings Elliptic’s Series B raise to more than $28 million.…