An alleged cryptocurrency exit scam swindled $2.9 billion, but main suspects still on the run
As much as $2.9 billion appears to have vanished in what could be one of the largest cryptocurrency exit scams to date, but the main suspects are still on the run and might have moved the swindled funds recently, according to cryptocurrency AML software provider CipherTrace and Chinese police officials.
Silvergate Bank plans to offer loans to crypto companies
Silvergate Capital Corporation, the holding company of startup-friendly Silvergate Bank, recently posted an updated S1 on August 15 in preparation for its upcoming IPO.
25 million americans are considering buying crypto
Nobl Insurance LLC, based in New Hudson, Michigan, carried out the research in May 2019 in connection with its new insurance product, Nobl Crypto, which is designed to protect the crypto market.
NEO Is in Talks to Integrate Celer Network to Improve Scalability
Blockchain project NEO is considering integrating Celer Network’s (CELR) layer-two scaling protocol to improve scalability.
Man Offering Hacking Services for Bitcoin Gets 20-Month Jail Sentence
A British man has been handed 20 months in jail and ordered to forfeit over £400,000 ($487,000) for offering hacking services and stolen private data in return for cryptocurrency.
Nvidia Pulls Through Crypto Winter — Quarterly Earnings Rise 16%
Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials.
Crypto lending sector hits nearly $5B in value, but lenders earn less than 2% interest – Report
The cryptocurrency lending sector is booming, currently valued at over $4.7 billion, but lenders have earned back only $86 million (or 1.83 percent) in interest, according to a new report.
Binance Jersey ties up with Galaxy-backed crypto platform, aiming to increase trading volumes in Europe
Fiat-to-crypto exchange Binance Jersey has collaborated with Galaxy Capital-backed institutional trading and portfolio management platform Caspian, aiming to increase trading volumes in Europe.
Coinbase has sealed the acquisition of Xapo’s institutional custody service for $55 million
Coinbase has acquired Xapo's institutional custody business for $55 million, completing a deal that The Block first reported was ongoing in May. With the acquisition, the exchange now has over $7 billion in digital assets under custody, per a company blog post.
Bitcoin Is a Geopolitical Turmoil Indicator, Says Market Researcher
Co-founder of market research firm DataTrek Research Nicholas Colas says that Bitcoin (BTC) is a geopolitical turmoil indicator.
Ripple Is Giving Away 1 Billion XRP in Massive Bid to Fund Online Content
San Francisco-based fintech company Ripple continues to pump XRP into a growing ecosystem of adjacent startups – despite an ongoing legal complaint alleging that XRP is an unregistered security.
Santander denies blocking payments to Coinbase, but says some exchange payments are subject to checks
Giant Spanish bank Santander has told The Block it is not blocking users' payments to Coinbase, in response to allegations made by its UK clients on Reddit.
Ethereum Name Service vows to make Tor browser easier to use
The Ethereum Name Service (ENS) has added support for .onion addresses used on the privacy-preserving web browser Tor. This isn’t to help the Ethereum ecosystem; rather it’s using the decentralized properties of the service to help solve an issue that has been plaguing the dark web for years.
IRS sends new letters to crypto holders, stating amounts they owe to the agency
The Internal Revenue Service (IRS) is sending out a new round of letters to cryptocurrency holders, this time listing the specific amounts of money that these letter recipients owe to the tax collector.
Iran Crypto Devs Launch Platform for Flood Victims in Light of US Sanctions
Volunteer cryptocurrency developers in Iran have created a blockchain platform called IranRescueBit, which allows people to make charitable cryptocurrency donations to aid regions in the country in recovering from destructive flooding.
Researchers Find Monero Mining Malware That Hides From Task Manager
Cybersecurity company Varonis has discovered a new cryptojacking virus, dubbed “Norman,” that aims to mine the cryptocurrency Monero (XMR) and evade detection.
UK Advertising Watchdog Upholds Complaint Against BitMEX Bitcoin Ad
The United Kingdom’s Advertising Standards Authority (ASA) has upheld its complaint against a Bitcoin advertisement from top crypto derivatives exchange BitMEX.
Bitcoin sentiments show fear is ruling the crypto sphere
According to the latest reports, the current prevalent bearish trend dragged the king of cryptocurrency, Bitcoin (BTC) below eleven thousand dollars ($11,000); the sentiments on Bitcoin have now entered the fear zone.
Barclays Is No Longer Banking Coinbase
The most prestigious banking relationship in crypto has ended.
SEC Guidance Gives Ammo to Lawsuit Claiming XRP Is Unregistered Security
Investors in the cryptocurrency XRP have filed a new complaint against Ripple that marshals the Securities and Exchange Commission’s own words to argue that the startup illegally sold unregistered securities.