Crypto News

British MP Lisa Cameron is ‘not invested personally’ in crypto but advocates for regulation

Lisa Cameron, a Member of Parliament in the United Kingdom since 2015, may not have used the Bitcoin Lightning Network in her time as a lawmaker, but spends a lot of her time in office focused on digital assets.Speaking to Cointelegraph at the Consensus 2023 conference in Austin, Texas on April 28, Cameron said she first started advocating for crypto-related policies in the U.K. government following one of her constituents being the victi...

Bitcoin metrics to the moon: ATH for hash rate, daily transactions and Ordinals

A lot of Bitcoin (BTC) miners just came online. The Bitcoin hash rate, or the total computing power of the Bitcoin blockchain, just soared to 439 exahash per second (EH/s). Moreover, the number of transactions the Bitcoin blockchain processed in one day exceeded 682,000, as over 300,000 Ordinals were inscribed on the Bitcoin blockchain. These milestones demonstrate the network's strength and stability, as well as the increasing adoption of Bitcoi...

Bitcoin price sweeps lows, but analysis still predicts a $25K dive

Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multiday lows.Referring to the May 3 Federal Reserve decision on interest rate policy, a further post described Bitcoin as being “in sideways territory, where bears and bulls have arguments for both biases.”“Lots of fear going into the event of the FED tomorrow, probably unwarranted, but we'll see. Expecting slightly deeper,” Van de Poppe added.Bank stocks squeeze fails t...

Coinbase faces suit over alleged privacy violations in biometrics collection

Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges.A May 1 filing in a California District Court by a Coinbase user claimed the exchange's requirement that a customer uploads pictures of a valid ID and a self-portrait in order for the firm to conduct Know Your Customer (KYC) checks is violating certain provisions of Illinois...

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission (CFTC) conceded that orders requiring payment of funds “may not result in the recovery of any money lost because wrongdoers may not have suffic...

Darknet hackers are selling crypto accounts for as low as $30 a pop

Cybercriminals from the darkest parts of the internet are reportedly selling hacked, verified crypto accounts on the darknet for as low as just $30 apiece.According to an April 24 research paper by online data security provider Privacy Affairs — titled The Dark Web Price Index, cybercriminals have been selling all manner of fraudulently obtained financial account information on the dark web.Our newest Dark Web Price Index yearly research is ready...

Bitcoin Fever Lifts Crypto Prices As ETF Interest Grows.

The cryptocurrency market gained about $60 billion on Wednesday in New York as the price of bitcoin surpassed $30,000 for the first time in two months, following a slew of announcements that institutional players–including BlackRock, Invesco IVZ and Wisdom Tree–are seeking permission to offer exchange-traded funds based on the original digital asset. “This vote of confidence has given some traders and investors the conviction that has be...

$2.6 Trillion ‘Glitch’ Causes Crypto Price Chaos After XRP-Led Bitcoin And Ethereum Boom

Bitcoin BTC , ethereum, XRP XRP and other major cryptocurrencies have been reinvigorated this year (with a game-changing China earthquake on the horizon). Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster The bitcoin price has almost doubled since the beginning of 2023, triggering a flurry of huge bitcoin price predictions that could be about to blow up ...

U.S. Government Goes After Ethereum Privacy Tool Founders With Indictment And Arrest

Roman Storm and Roman Semenov, who co-founded Tornado Cash, have been charged by the U.S. for their involvement in creating and developing this blockchain privacy tool. The co-founders are facing counts of conspiracy to commit money laundering, conspiracy to violate sanctions, and conspiracy to operate an unlicensed money transmitting business, according to the Department of Justice indictment, unsealed on August 23, 2023. The two first char...

Fists Fly At The Philly Fed Over Stablecoins

On September 7 I had the opportunity to attend the 7th annual Philly Fintech Summit hosted by the Federal Reserve of Philadelphia. The event featured a terrific lineup of speakers, including many crypto luminaries that I’ve covered and interviewed for this newsletter in recent years such as former OCC Comptroller Brian Brooks, former CFTC Chair Christopher Giancarlo, Circle Chief Strategy Officer Dante Disparte, Coinbase Chief Legal Officer Pa...
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