ICO issuer charged with fraud by SEC for selling unregistered security

US securities regulators are still going after ICO cheats from the 2017-18 bull market.

Biden nominee for Treasury Dept will prioritize crypto regulation

"If I am confirmed, I will prioritize implementing that piece of legislation, including new regulations around cryptocurrency," said Brian Nelson. Brian Nelson, US President Joe Biden’s nominee for under secretary for the Department of the Treasury’s division on terrorism and financial crimes, said he would prioritize implementing new regulations around cryptocurrency.In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs, Nelson said he would be focusing on anti-money laundering regulations if he were to be confirmed for the position in the Treasury Department’s terrorism and financial intelligence arm, adding cryptocurrency would be particular priority.

Norwegian FSA sees urgent need for crypto investor protection

Norway’s Financial Supervisory Authority says it only supervises crypto companies for money laundering. Amid Bitcoin's (BTC) drop to six-month lows below $30,000 on Tuesday, a Norwegian financial regulator warned investors that the cryptocurrency industry is largely unregulated in the country.The Financial Supervisory Authority of Norway, or Finanstilsynet, published June 22 a statement on consumer protection of crypto investors, emphasizing that the authority currently does not supervise local crypto companies in terms of anything but money laundering:“These platforms must notify Finanstilsynet in accordance with the money laundering regulations, but apart from money laundering supervision, Finanstilsynet does not supervise these actors.”Finanstilsynet further pointed out major crypto trading-associated risks like extreme price volatility and scam vulnerabilities.

UN sees blockchain technology as tool to fight climate crisis

The UN will keep exploring the uses of blockchain to improve the reliability of data on harmful greenhouse gas emissions. Amid ongoing concerns over Bitcoin’s (BTC) carbon footprint, the United Nations has said out that cryptocurrency’s underlying technology has massive potential for fixing global issues like climate change.The UN will keep exploring the uses of blockchain technology as a way to fight the climate crisis and help reach a more sustainable global economy, according to an article published on the official UN website on Sunday.UN experts are confident that “cryptocurrencies and the technology that powers them can play an important role in sustainable development, and actually improving our stewardship of the environment.” Specifically, the article points out a number of environmental and sustainability benefits associated with blockchain, including its power to enable transparency and resistance to fraud, climate finance and clean energy markets.Citing the UN Environment Programme’s partnership with the Technical University of Denmark, the article states that data on harmful greenhouse gas emissions is unreliable and incomplete in many countries.

CNBC host boldly reveals he sold his BTC amid depths of bear market

CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future. Jim Cramer, the host of CNBC’s Mad Money, announced he has liquidated nearly all of his Bitcoin (BTC) holdings.

Mad Money’s Jim Cramer Dumps His Bitcoin Over China Mining Crackdown and Ransomware Concerns

Mad Money host Jim Cramer said he has sold almost all of his bitcoin.

Binance Smart Chain DeFi Project Impossible Finance Hacked

Yet another DeFi project on the Binance Smart Chain has been exploited.

Bank TSB set to bar 5.4M customers from buying crypto

Bank TSB is set to become the latest financial institution in the United Kingdom to prevent customers from investing in crypto. United Kingdom-based financial institution TSB Banking Group Plc.

TSB Bank Plans to Ban Cryptocurrency Purchases Due to Increasing Fraud Numbers: Report

TSB, a British bank, is planning to ban cryptocurrency purchases due to fraud concerns.

Tehran Government Bans Iran Blockchain Association

The Ministry of Interior of the Islamic Republic has suspended the Iran Blockchain Association (IBA).

Inside A Ransomware Attack: How Dark Webs of Cybercriminals Collaborate

David S. Wall, Professor of Criminology, University of Leeds. ____ In their Carbis Bay communique, the G7 announced their intention to work together to tackle ransomware groups.

UK Bank Bans Crypto Purchases From Binance and Kraken, Reports

TSB is reportedly taking actions to prevent its customers from using Kraken and Binance to buy crypto because of their alleged poor safety measures.

$3.6 Billion Crypto Heist: South African Bank Denies Business Relationship With Fraud Accused Africrypt

According to local media, leading South African financial institution FNB is denying allegations of a banking relationship with the recently collapsed crypto investment company, Africrypt.

How a British Teacher Lost £120K in a Bitcoin Scam on Instagram

A 63-year-old British woman parted with her pension pot and life savings due to a fraudulent Bitcoin investment scheme.

Beware: Scammers Send Fake Replacement Ledger Devices to Steal Cryptocurrencies

Scammers have sent out fake replacement Ledger devices to users aiming to steal their cryptocurrency holdings.

Ledger Customers Are Being Mailed Fake Wallets to Steal Their Private Seeds

Ledger customers are receiving fake wallets by mail to steal their cryptocurrency.

Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit

In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order.

PayPal, Salesforce contribute to TRM Labs’ $14M investment round

The venture funds of both companies joined Bessemer and others in financing another strategic investment round for TRM Labs.

Ledger Scam: Scammers Mail Hacked Ledger Devices To Steal Crypto

Scammers are now mailing hacked ledger devices to Ledger users in a bid to steal crypto from unsuspecting users.

Scammers mail out fake hardware wallets to victims of Ledger data breach

Ledger customers have reported receiving fake replacement devices in the mail, designed to phish private security information. The consequences of Ledger's major data breach continue to be felt almost a year later.

DAO1 Announces the First Edition of its International Blockchain Hackathon

[PRESS RELEASE – Please Read Disclaimer] June 16, 2021, Singapore: The community-led socio-economic blockchain infrastructure project DAO1 has finalized the dates for its first of many blockchain hackathons.

DAO1 announces the first edition of its International Blockchain Hackathon

The community-led socio-economic blockchain infrastructure project DAO1 has finalized the dates for its first of many blockchain hackathons.

Alchemix patches ‘Reverse Rug’ exploit, address $6.5 million shortfall

In an unusual twist for the latest DeFi exploit, the users were the ones to walk away in profit.

Biden hints at possible cybersecurity arrangement with Russia over ransomware attacks

Joe Biden said that the US and Russia might have the beginnings of a "cybersecurity arrangement that begins to bring some order" within the next year.

Democratic lawmakers have formed group to address regulatory concerns around crypto

US President Joe Biden is also expected to discuss crypto's role in ransomware attacks during his meeting with Russian President Vladimir Putin on Wednesday. Maxine Waters, who represents California's 43rd congressional district in the US Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies. In a Tuesday virtual hearing of the US House of Representatives’ Task Force on Financial Technology, Waters said “cryptocurrencies and other digital assets” were an important issue for the House Financial Services Committee, for which she is the chairperson.

G7 Commit to Fighting Cryptocurrency-Fueled Ransomware Attacks

A White House press release describes ransomware as an “escalating shared threat” to G7 nations.

Why Bitcoin Is Actually “Bad For Crime” Contrary To Belief

Bitwise Management CEO Hunter Horsley was on Yahoo Finance Live to talk about why Bitcoin is bad for crime.

G7 Leaders Ask Russia to Urgently Identify Those Who Abuse Cryptocurrency in Ransomware Attacks

The G7 leaders have called on Russia to urgently “identify, disrupt, and hold to account” ransomware hackers and those abusing cryptocurrency to launder ransoms.

Lack of crypto regulations alarming, says Italy's stock market regulator

Crypto growing to a $1.6 trillion market without adequate regulations is a major worry for the head of Italy’s stock market oversight agency. Paolo Savona, the chairman of the Commissione Nazionale per le Società e la Borsa (Consob) — Italy’s securities regulator — has raised alarms over crypto’s growing popularity in the absence of firm regulatory standards.According to Reuters, Savona made this position known while delivering Consob’s annual report on Monday stating that the lack of clear-cut regulations creates an opportunity for criminals to utilize crypto for illegal activities. According to Savona:“Without proper oversight, there could be a worsening in market transparency, the basis of legality and rational choice for (market) operators.”Despite several research studies indicating that crypto criminality only accounts for a minute proportion of global cryptocurrency commerce, Savona has joined the chorus of financial regulators pushing the virtual currency crimes agenda.El Salvador’s recent parliamentary vote to adopt Bitcoin (BTC) as legal tender has drawn criticism from several legacy finance gatekeepers.

US Senator Urges Treasury Secretary to ‘Make Significant Revisions’ to FinCEN’s Crypto Proposal

US Senator Pat Toomey has urged Treasury Secretary Janet Yellen to “make significant revisions” to the proposed crypto regulation by the Financial Crimes Enforcement Network (FinCEN) and the planned adoption of the guidance issued by the Financial Action Task Force (FATF).

British Man Duped out of $282,000 in Brutal Crypto Scam

At one point, men visited his house to collect more cash.

UK Crime Agency Director: Selling Apartments for Bitcoin Could Attract Criminals

One of the UK's top crime stoppers ponders the answer to an obvious question: Who's buying houses in Bitcoin?

Dave Portnoy Disasgrees with Donald Trump That Bitcoin is a Scam

Barstool Sports founder Dave Portnoy said he disagrees with Donald Trump and that bitcoin's not a scam.

Bank of Namibia Warns Crypto Traders It ‘Will Not Entertain Complaints’ if They Get Scammed

The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed.

A man and his S.C.A.M.: Solo dev ‘Dreesus’ on making a memecoin legit

After minting a memecoin, a solo developer now has to grow his Frankenstein creation into a success. You might not know Dreesus, but if you’ve been following crypto the last few months you’re likely familiar with his work.Following the launch of his Simple Cool Automatic Money ($SCAM) token, the pseudonymous developer garnered coverage from a seemingly endless list of mainstream and cryptomedia publications, including Vice, The Wall Street Journal, Benzinga, Mic, The Verge, The Week, and CNBC, among others.

How Did the Feds Get the Pipeline Hackers' Bitcoin? Here's the Best Theory

A ransomware expert explains how the US likely seized most of the Bitcoin from the Colonial Pipeline attack.

WazirX Reportedly Investigated by India’s Enforcement Directorate

One of the largest Indian crypto exchanges, WazirX, is reportedly being investigated by the country's financial crime-fighting agency.

SEC warns investors of the risks with Bitcoin futures

The SEC has warned that “investors should understand that Bitcoin, including gaining exposure through the Bitcoin futures market, is a highly speculative investment.” The US Securities and Exchange Commision (SEC) has warned investors about the risks of Bitcoin futures trading — citing market volatility, a lack of regulation and fraud to name a few issues.

Senator Warren Calls Out Bitcoin’s Energy Consumption — Bitcoiners Bite Back

US Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing.

JBS Paid $11 Million in Bitcoin To Ransomware Criminals

Ransomware criminals attacked JBS plants that process about 20% of America’s meat, and the company has paid $11 million to the attackers. 

JBS Paid Hackers $11 Million Worth of Bitcoin to Set Free From Hacker Attack

JBS's CEO Andre Nogueira revealed the company had paid hackers $11 million worth of Bitcoin ransom to set free.

World’s Largest Meat Producer JBS Pays $11M in Bitcoin to Ransomware Hackers

In an attempt to prevent further ransomware attacks on its plants, JBS USA has paid $11 million in bitcoin to hackers.

Over 1,100 Suspects Arrested in China on Crypto-related Crimes

China took joint national actions to arrest more than 1,100 suspects involving committing crimes by conducting cryptocurrencies unlawful trading.

China’s Police Arrests Over 1,000 Crypto Traders on Fraud and Money Laundering Charges

China continues its efforts in combating crypto fraud as local authorities arrested over 1,000 people on accusations of money laundering.

US Senator: “Crypto is Bogus and a Lousy Investment”

The latest US politician to rant and rave about the evils of crypto assets is Democratic Senator Elizabeth Warren.

Alleged $3.6B crypto Ponzi's 'victims' still believe the exchange is legit

Some of those caught up in an alleged $3.6 billion crypto Ponzi scheme are refusing to aid police investigations as they still expect to triple their investments.

New analysis sheds light on DOJ Bitcoin seizure, as JBS pays massive $11M ransom

The FBI may have access to a lot more BTC in hacking group's addresses.

NYAG Court Order to Shut Down Coinseed Succeeds, CEO Creates Profanity Token for Attorney General

The crypto trading platform Coinseed is shutting down operations according to a written statement from the company’s CEO Delgerdalai Davaasambuu.

Coinbase says it was not involved in the DOJ's Bitcoin ransom seizure

Coinbase CSO says ‘good ol’ fashioned police work’ landed the FBI the private keys. Coinbase’s Chief Security Officer has refuted suggestions the US crypto exchange was involved in any seizure of crypto assets related to recent Colonial Pipeline ransomware attack.CSO Philip Martin took to Twitter on June 8 to explain the firm’s involvement, or lack of it, with the Department of Justice warrant for the seizure of Bitcoin.“Coinbase was not the target of the warrant and did not receive the ransom or any part of the ransom at any point.

Bitcoin Keys Cannot be Hacked: Skeptics Question the Official Colonial Pipeline Bitcoin Seizure Story

On June 7, the United States Justice Department and the Federal Bureau of Investigation (FBI) announced the “recovery” of 63.70 bitcoin from the funds Colonial Pipeline sent to the hackers.

Police Recover ETH 1,360 Stolen from an Exchange in 2018

South Korean police have recovered a bumper haul of ethereum (ETH) tokens stolen from an exchange by hackers in 2018 after a three-year search – and the victims, the trading platform’s customers, are set to be reunited with their coins, which have appreciated in value, despite the recent market slump.

Crypto Ransomware at G7, Bottlepay's Euro & Bitcoin Offer + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. ____ Politics news "So one of the things we’d like to see out of the G7 is the start of an action plan that covers a number of critical areas," which includes "how to deal with the cryptocurrency

Crypto investment platform Coinseed shuts down amid NYAG lawsuit

Coinseed also created an ERC-20 token whose message is targeted at New York Attorney General Letitia James. Coinseed, a crypto platform that enabled micro-investing in cryptocurrency assets for its users, has shut down its operations.Delgerdalai Davaasambuu, founder and CEO of Coinseed, announced the decision via a statement published on the platform’s website.Detailing his decision to shutter the business, Davaasambuu wrote:“It is with an incredibly heavy heart, today I’m announcing that I am winding down the business due to a lawsuit from the NYAG (New York Attorney General).”As previously reported by Cointelegraph, the Office of the New York State Attorney General brought fraud charges against Coinseed back in February.

Bitcoin, Ethereum, and Dogecoin All Drop in Nearly $2B Market Sell-Off

After the recovery of funds from the Colonial Pipeline ransomware attack, unsubstantiated rumors that Bitcoin had been hacked spread—prompting a dip.

Questions Linger As FBI Recovers Colonial Pipeline Ransomware Crypto Funds

US agencies claim they have recovered most of the $4.4 million in crypto paid out to hackers of the Colonial Pipeline.

US DOJ Retrieves Over $2.1 Million in Bitcoin Paid as Ransom by Colonial Pipeline

The DoJ has been able to retrieve over $2 million in bitcoin paid as a ransom.

The BTC-Colonial Pipeline FUD Gives A Lesson On Bitcoin Security

There is an abundance of FUD (fear, uncertainty, doubt) the Cryptoverse is fighting to debunk today - after millions of USD in bitcoin (BTC) was allegedly seized, used as ransom in the US Colonial Pipeline ransomware attack in early May.

Biden To Aim at Deal With The Role of Crypto in Ransomware Attacks at G7 Meeting

Ransomware attacks and the role of cryptos like Bitcoin is a concern to the US President Joe Biden is set to address with the G7.

Bitcoin Tumbles 8% on Fears that US Law Enforcement “Hacked” the Network

Following news that the Department of Justice had recouped Bitcoin in the Colonial Pipeline ransomware investigation, Bitcoin shed 8%.

Trump: Bitcoin, It Just Seems Like a Scam

Former US President Donald Trump is still anti-crypto and he made it known in his latest interview with Fox business news.

Scammers Pick Bank Transfers Over Cryptocurrency, Australian Report Reveals

Investment scams have been by far the most common type in Australia recently, a new report by the country’s consumer watchdog has revealed.

Former SEC head and treasury undersecretary defend US crypto regulations

Former top policymakers Jay Clayton and Brent McIntosh has defended the crypto regulatory regimes established during their respective government tenures. The regulatory pressure is mounting in the US, with more politicians questioning whether the current framework is adequate.An opinion piece penned for Wall Street Journal by former SEC Chairman, Jay Clayton, and former Undersecretary of the Treasury, Brent McIntosh, have defended the United States’ existing regulatory apparatus regarding crypto and warned that excessive rulemaking could stifle innovation.The discussions come as cryptocurrencies have been thrown into the regulatory spotlight once again in the wake of two crippling ransomware attacks in the US Over the weekend, two senators deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks.Clayton served as SEC head from May 2017 until December 2020 and stated that the agency did not take up Bitcoin regulation because the asset was declared not to be a security before he took up his position as its head.

Donald Trump Detests Bitcoin, Calls BTC a Scam, Wants Heavy Crypto Regulation

Former US President Donald Trump says he does not like bitcoin because it is a currency that competes with the dollar, which he wants to be the currency of the world.

FBI Agent Recovers Private Key to $2.3M in Bitcoin Paid to Colonial Pipeline Hackers

US law enforcement officials from the Justice Department on Monday announced the seizure of $2.3 million dollars worth of crypto assets that were paid to the Colonial Pipeline hackers.

US Recovers Millions Paid In Bitcoin For Pipeline Ransomware

US authorities have successfully recovered a ransom paid in Bitcoin by the company Colonial Pipeline, per a CNN report.

US officials recover $2.3M in crypto from Colonial Pipeline ransom

Government officials did not specify the exact method used to seize the funds from the ransomware group. Officials with a United States government task force have seized more than $2 million in crypto used to pay for ransom following an attack on the Colonial Pipeline system. In a Monday press conference, Deputy Attorney General Lisa Monaco said that the task force “found and recaptured” millions of dollars worth of Bitcoin (BTC) connected to Russia-based DarkSide hackers, the majority of the $4.4 million funds originally paid.

Biden to discuss crypto’s role in ransomware attacks at G-7, says national security adviser

The US president has rarely made public statements on crypto and blockchain, though officials in his administration are reportedly reviewing current regulations. United States President Joe Biden will speak directly about cryptocurrency and its role in the attack on the Colonial Pipeline and other ransomware breaches, according to Biden’s national security adviser, Jake Sullivan.In a White House press briefing on Monday, Sullivan said US officials, seemingly including Biden, would like to see an action plan regarding ransomware attacks during the president’s visit to the G-7 summit this weekend.

US Recovers Bitcoin Paid to Colonial Pipeline Hackers: Report

Colonial Pipeline paid $4.4 million in Bitcoin to resolve a ransomware attack.

US Senators Call for Increased Measures to Regulate and Trace Cryptocurrencies

Two US senators have urged lawmakers to increase measures to regulate cryptocurrencies, including how to trace cryptocurrency transactions, in order to combat ransomware attacks.

FTC: Consumers Lost $82 Million to Crypto Scams In 6 Months

According to the US Federal Trade Commission, consumers lost almost $82 million to crypto scams in just six months.

Former US President Donald Trump: Bitcoin Looks Like a Scam

The former president of the United States, Donald Trump, said that bitcoin looks like a scam as it competes with the US dollar.

Trump calls Bitcoin a scam, advocates for dollar hegemony

Former US President Donald Trump is still not a fan of Bitcoin, calling it a scam while stating that the dollar should remain the “currency of the world.” Former United States President Donald Trump has once again slammed Bitcoin (BTC).Appearing on FOX Business Monday, the former president remarked:“Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar; essentially it is a currency competing against the dollar.

'Bitcoin Seems Like a Scam': Former US President Donald Trump

Donald Trump said Bitcoin is a scam and lamented what he claimed was another currency competing against the US Dollar.

Crypto’s dark underbelly exposed in ransomware attack, US senator says

US senators voiced their opinions on the matter of cryptocurrency's use in ransomware attacks. United States lawmakers have deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks that befell US institutions in the past month, and opinions appear to be mixed.The largest fuel pipeline in America was brought to a halt in early May when hackers infected the computer networks of Colonial Pipeline.

US Senators Target Cryptocurrencies After Ransomware Attacks

American senators are urging more regulation on cryptocurrencies in the wake of two major ransomware attacks.

National Court of Spain Suspends John McAfee Extradition Hearing

The National Court in Spain has suspended the hearing destined to deal with the extradition request that John McAfee, the well known cryptocurrency influencer, has pending for its tax-related crimes in the US The entrepreneur was apprehended in October last year in the El Prat Airport where he was going to take a flight.

Orange County Man Sent to Prison For Processing $25 Million Worth of Bitcoin Illegally

A man in southern California will serve a two years sentence for illegal crypto activities.

Growing pains? DeFi exploits plunder BSC, which calls for reinforcements

Binance Smart Chain is getting overrun by hacks, with CipherTrace brought in to keep the BSC-based DeFi platforms safe.

Lawsuit Accuses Korean Crypto Exchange of $3.5 Billion Scam, Tens of Thousands Defrauded

A class action lawsuit has been filed in South Korea accusing cryptocurrency exchange V Global of defrauding investors.

Biden Administration Reveals Push To Expand Crypto Tracking and Analysis, Combat Ransomware

The US government is beefing up its crypto tracking and analysis capabilities to fight ransomware attacks that utilize digital assets to extort victims.

Biden Makes Cryptocurrency a Focus of New Anti-Corruption Directive for National Security

Cryptocurrency is a point of focus in President Joe Biden’s new directive aimed at combating corruption as a core national security interest of the US An official of the Biden administration says that major parts of the directive will focus on cryptocurrency and cybercrime.

New Crypto FUD Round Incoming as US Gunning for Ransomware Crackdown

United States politicians appear to have a new stick to beat the crypto sector with – as they prepare an onslaught on ransomware and crypto payments to criminal groups. Per Reuters, a senior official at the Department of Justice (DOJ) confirmed that the department is set to elevate the status of ransomware attack probes to the same kind of level as terrorism incidents.

BSC's Impossible Finance raises $7M for multi-chain DeFi incubator

DeFi protocol Impossible Finance is building a multi-chain incubator to expand out from BSC.

Bitcoin Ransomware Payments Set 'Dangerous Precedent': House Oversight Chair

Colonial Pipeline paid $4.4 million in Bitcoin to regain control of its systems.

69,000 Potentially out of Pocket in Alleged South Korean Exchange Scam

Far more South Korean investors than previously thought appear to have been sucked into an alleged crypto scam revolving around the V Global crypto exchange. As reported last month, police said that “mainly pensioners and housewives” had been the victims of the suspected fraud.

DOJ to Give Ransomware Attacks Same Priority as Terrorism: Report

It’s a response to an uptick in ransomware-related thefts.

Steve Wozniak Can’t Stop Bitcoin Giveaway Scams Using His Name — Federal Law Protects Youtube

Apple co-founder Steve Wozniak has lost his lawsuit against Youtube over bitcoin giveaway scams using his name and image.

Apple Co-Founder Steve Wozniak’s Lawsuit Over YouTube Bitcoin Scams Dismissed

The Apple co-founder lost his lawsuit against YouTube over fraudulent videos that used images of Wozniak to promote fake Bitcoin giveaways.

Apple Co-Founder Loses Lawsuit Against YouTube Over Crypto Giveaway Scams

Steve Wozniak has lost his lawsuit against YouTube over scammers using his image to push crypto giveaway scams on the streaming platform.

Biden Administration to Trace Cryptocurrency Transactions to Prevent Ransomware Attacks

By expanding cryptocurrency analysis, the Biden administration plans to tighten the grip around the growing threat of ransomware attacks.

Apple co-founder Steve Wozniak loses Bitcoin scam case against YouTube

After filing a Bitcoin scam-related lawsuit against YouTube last year, Steve Wozniak now has 30 days to revise his complaint.

Apple’s Co-Founder Steve Wozniak Loses Bitcoin Scam Case Against YouTube

Steve Wozniak has lost his legal case against YouTube, in which Apple's co-founder alleged the video-sharing platform of failing to prevent bitcoin scams.

Biden Administration Seeks to Expand Crypto Tracking to Fight Ransomware

This weekend's ransomware attack on JBS has threatened the country's food supply.

Biden Administration Expanding Cryptocurrency Analysis to Find Criminal Transactions

The US government is expanding its cryptocurrency analysis in a strategy to find and pursue criminal transactions.

‘Flood’ of Crypto Scam Cases Hit Spanish Courts

Spanish media outlets are reporting that the country’s courts have been “inundated” with crypto scam-related cases. The most notorious of the bunch is an alleged pyramid scheme originating in Tenerife, centering around a firm named Arbistar 2.0.

UK Bank Starling Will Lift Crypto Ban on June 23

Starling, one of the UK’s “challenger” banks, will roll out a new financial crime prevention system and lift its temporary restriction on deposits to cryptocurrency exchanges.

UK Starling bank to resume crypto exchange deposits in late June

Starling blocked crypto exchange deposits last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.” Starling, a United Kingdom-based online bank, is preparing to resume payments to cryptocurrency exchanges after suspending crypto exchange deposits last week.A spokesperson for Starling told Cointelegraph on Tuesday that the bank is set to restart payments to crypto exchanges on June 23 after temporarily suspending the feature as a measure to protect its customers.Starling blocked payments to some cryptocurrency exchanges last week, citing “high levels of suspected financial crime with payments to some cryptocurrency exchanges.” The bank said that it will reverse the measure after adopting “additional checks specifically for payments to crypto exchanges.”The spokesperson stressed that the action was “not an issue for Starling, but for all banks,” referring to official Parliamentary comments regarding the legal status of crypto exchanges in the United Kingdom.

Cryptocurrency Related Scams Flood Tribunals in Spain

Spain has not been a stranger to the popularity of cryptocurrencies, and with this popularity, also comes the attention of people and organizations wanting to capitalize on the subject.

Belt Finance Exploited for $6.2 Million in Flash Loan Attack

Belt Finance is the latest in a growing list of Binance Smart Chain-based projects that have fallen victim to ingenious hackers.

Belt Finance loses millions in latest BSC-based DeFi exploit

Another day, another BSC DeFi protocol gets hacked.