Most criminal cryptocurrency is funneled through just 5 exchanges
A few big players are moving a “shocking” amount of currency in a tight market. Enlarge (credit: Eugene Mymrin/Getty Images) For years, the cryptocurrency economy has been rife with black market sales, theft, ranso.....»»
Miami"s Mayor Backed MiamiCoin Crypto -- Then Its Price Dropped 95%
An anonymous reader quotes a report from Quartz: On Feb. 2, the city of Miami cashed out its cryptocurrency MiamiCoin for the first time, depositing $5.25 million into city coffers. Miami mayor Francis Suarez hailed it as a "historic moment" and pred.....»»
Coinbase Slows Hiring To Help Weather Market Downturn
Cryptocurrency exchange Coinbase has reined in a plan to triple its headcount this year in response to turbulent market conditions. From a report: Emilie Choi, Coinbase's president and chief operating officer, said in a blog post on Tuesday that the.....»»
How mental health and disability may sway judgment in the justice system
Gaze aversion, lack of emotional expression, repetitive body movements, or speaking in monolog tone can sway people's judgment of another's credibility and honesty—notably in the criminal justice system......»»
Bitcoin a safe haven during national economic crises, but not during COVID-19 pandemic, research finds
Research by a Kingston University economist provides fresh evidence for Bitcoin being a safe haven for finance during a nation's economic crisis. The cryptocurrency proves volatile during a global crisis, however, as seen during the COVID-19 pandemic.....»»
Luna Cryptocurrency"s Collapse Led to Multi-Million-Dollar Exploits, Closure of a Crypto Money Market
The Record reports that the decentralized money market Venus Protocol "announced on Thursday evening about $11 million had been lost due to people exploiting the historic collapse of the Luna cryptocurrency and its sister stablecoin UST." Venus Proto.....»»
iDenfy introduces Business Verification platform to help customers detect bogus companies
iDenfy introduced its automated Know Your Business (KYB) platform. iDenfy’s Business Verification services will offer custom automatizations in one API, helping businesses to screen other companies and detect criminal activity more efficiently. iDe.....»»
Terraform Restarts Blockchain Behind UST Stablecoin, Luna
Terraform Labs restarted the Terra blockchain following a software update to help avoid attacks against the network in the wake of the collapse of its algorithmic stablecoin and the related Luna token that had roiled cryptocurrency markets. From a re.....»»
Crypto is crashing, and that may make GPUs more affordable
It's been a tough week on the cryptocurrency market, filled with many heavy losses. As mining crypto becomes less profitable, will GPU prices plummet, too?.....»»
Global Crypto Regulation Body Likely in Next Year, Top Official Says
Global market regulators are likely to launch a joint body within the next year to better co-ordinate cryptocurrency rules, a senior watchdog official has said. From a report: Ashley Alder, chair of the International Organization of Securities Commis.....»»
Cryptocurrency Luna Now Almost Worthless After Controversial Stablecoin It Is Linked To Loses Peg
Luna, the sister cryptocurrency of controversial stablecoin TerraUSD, has collapsed to nearly $0. From a report: TerraUSD, or UST, has been dragged into the spotlight in the last few days after the so-called stablecoin, which is supposed to be pegged.....»»
Coinbase Warns Bankruptcy Could Wipe Out User Funds
An anonymous reader shares a report: Hidden away in Coinbase Global's disappointing first-quarter earnings report -- in which the U.S.'s largest cryptocurrency exchange reported a quarterly loss of $430 million and a 19% drop in monthly users -- is a.....»»
Investment in public schools reduces contact with criminal justice system, according to study
Increased investment in public schools pays off through reductions in adult crime, according to a new University of Michigan study......»»
NiceHash defeats Nvidia’s GPU crypto-mining limits, does not appear to be a scam
But the workaround still can't defeat the newest version of Nvidia's LHR tech. Enlarge (credit: BTC Keychain) Nvidia began releasing LHR (or “Lite Hash Rate”) graphics cards last year to slow down their cryptocurrency min.....»»
Chinese EV makers warned of delisting from US exchanges
US Securities and Exchange Commission (SEC) last week listed more than 80 Chinese firms in a provisional list of entities that might be delisted if they fail to cooperate with audit regulations. Several Chinese electric vehicle (EV) makers - Nio, Li.....»»
Mining Capital Coin CEO Indicted for Allegedly Running a Cryptocurrency Pyramid Scheme
American's Justice Department announced Friday that the CEO of Mining Capital Coin, "a purported cryptocurrency mining and investment platform," has been indicted "for allegedly orchestrating a $62 million global investment fraud scheme." CNN repor.....»»
Cryptocurrency Markets Drop $200B, Bitcoin Down 50% Since November
40 days ago Bitcoin sold for $47,454. It's price now is $34,007 — a drop of 28%. About a third of that drop happened this week, as "Bitcoin, ethereum and other major cryptocurrencies have fallen sharply," Forbes reports, "wiping around $200 bi.....»»
Nothing personal: Training employees to identify a spear phishing attack
Phishing attacks began years ago as simple spam, designed to trick recipients into visiting sites and becoming customers. In the meantime, they have morphed into a worldwide criminal industry. In recent years, threat actors have refined their methods.....»»
Nvidia misled investors about impact of crypto mining on its business, SEC alleges
For years, video gamers have blamed shortages of PC graphics cards on cryptocurrency enthusiasts, who have snapped up growing numbers of the devices to generate digital coins. The pandemic, along with the Trump administration's tariffs on Chinese imp.....»»
US Takes Aim at North Korean Crypto Laundering
The U.S. sanctioned a cryptocurrency swap service on Friday, part of a larger effort to crack down on North Korea's practice of using hackers to steal money for the state. From a report: The sanctions, leveled against the company Blender.io, mark the.....»»
Nvidia hid how many GPUs it was selling to cryptocurrency miners, says SEC
Nvidia reported the GPUs were being used for gaming, a less volatile market. Enlarge (credit: Getty Images) Nvidia has agreed to pay $5.5 million in fines to the United States Securities and Exchange Commission to settle char.....»»