Tornado Cash developer guilty of money laundering

All 435 seats in the U.S. House of Representatives will be up for grabs in the 2024 election, with the future of crypto bills in the House Financial Services Committee uncertain. 471 Total views 1 Total shares Representative Patrick McHenry, chair of the United States House Financial Services Committee and a proponent of many pieces

In the past, there were plenty of reasons for financial advisers to dismiss Bitcoin (BTC) and other cryptocurrencies as a worthy investment, but all of that is starting to change as more institutions become attuned to the digital asset class. A face-melting rally for Bitcoin between September 2020 and April 2021 amplified the need to…

Big Four accounting firm Deloitte said the partnership could help authorities identify and take down bad actors hiding "behind the keyboard." 244 Total views 2 Total shares Professional services giant Deloitte is set to boost its clients’ blockchain-tracking capabilities following a strategic alliance with crypto analytics firm Chainalysis.Announced during a Chainalysis conference in Washington DC…

Over 300 blocks were rolled back in the course of the 51% attack. 1543 Total views 5 Total shares Anonymous cryptocurrency Firo — formerly known as Zcoin— is the latest Proof-of-Work coin to suffer a 51% attack.Tweeting on Wednesday, Firo revealed that the protocol had come under a 51% attack and advised holders to pause…

Immersive experiences are already popular in the entertainment, gaming, and fashion industries, but they can also be a tool to address various other corporate needs, like simulating manufacturing operations and training managers to have sensitive conversations. Deloitte made this bet in late February when it announced a partnership with virtual spaces company Vatom to offer immersive…

Powers On... is a monthly opinion column from Marc Powers, who spent much of his 40-year legal career working with complex securities-related cases in the United States after a stint with the SEC. He is now an adjunct professor at Florida International University College of Law, where he teaches a course on “Blockchain, Crypto and…

NFT500 will be a subscription casting service that will put NFTs on physical display, allowing users to display their favorite digital art rather than buy it outright. 2102 Total views 11 Total shares Tapinator, a publicly-traded mobile games publisher based in New York City, has announced plans to launch a new subscription casting service focused…

Canada-based cryptocurrency mining company Great North Data has submitted a bankruptcy filing, purportedly due to insolvency.As the Canadian Broadcasting Corporation reported on Dec. 4, Great North Data — which operated crypto mining facilities in Labrador City and Happy Valley-Goose Bay —  filed bankruptcy documents in late November, listing CA$13.2 million ($10 million) in liabilities, while…

Murphy’s law states: “Anything that can go wrong will go wrong.” It always happens with centralized services. A year ago, we saw how half a million Facebook accounts were leaked online, exposing personal data. We will see it many times more with other services. The recent Twitter hack underscores this once again. The accounts of…