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Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

The US Department of Justice (DoJ) has sanctioned two Russian nationals for their cybercrimes, where millions in cryptocurrency were accumulated through scamming and phishing schemes. Russian Nationals Charged for Crypto Theft Danil Potekhin and Dimitrii Karasavidi have been flagged by the DoJ and have been sanctioned for their involvement in a sophisticated phishing campaign that … Continue reading Russian Cybercriminals Sanctioned by DoJ for Crypto Laundering Scam Generating More than $16.8M

Ripple (XRP) CEO on How China Is Controlling Bitcoin and Will Potentially Dominate All Cryptocurrencies

Ripple’s CEO Brad Garlinghouse broached the topic of China’s dominance in the cryptocurrency and blockchain field, explaining why the majority of Bitcoin was controlled by it. In a podcast interview with Danny Fortson, Garlinghouse discussed how most of the mining power for Bitcoin (BTC) and other cryptocurrencies was located in China. He explained that if … Continue reading Ripple (XRP) CEO on How China Is Controlling Bitcoin and Will Potentially Dominate All Cryptocurrencies

Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets

Tagged as the largest cryptocurrency scam on American soil, the BitConnect fraud scheme siphoned more than $2 billion from investors before going underground in January 2018. Victims might feel relieved as the U.S. Attorney’s Office for the Southern District of California, and the U.S. Postal Investigative Service has been granted a court order to liquidate … Continue reading Victims of BitConnect Ponzi Scheme to Benefit from the Liquidation of $57M Crypto Assets

Irreverent Labs Raises $40m in Funding, Led by a16z

Seattle-based startup Irreverent Labs has once again raised $40 million in funding led by Silicon Valley heavyweight investment firm Andreessen Horowitz (a16z). Irreverent Labs is building games and entertainment in which all the characters are AI-powered NPCs. The financing will lead to the development of a blockchain-based fighting game called MechaFightClub, which pits chicken-style fighting … Continue reading Irreverent Labs Raises $40m in Funding, Led by a16z

Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 – FTC

Despite crypto penetrating the masses from Bitcoin ATMs to Super Bowl ads, scams in this sector have been going through the roof because more than $1 billion has been lost since 2021, according to a study by the Federal Trade Commission (FTC). Per the report: “Since the start of 2021, more than 46,000 people have … Continue reading Crypto Scams Have Swindled At Least $1B From Nearly 50,000 People Since 2021 – FTC

Optimism (OP) Announces Critical Fault Proof Upgrade Impacting Bridges and Exchanges

Optimism (OP), a leading Layer 2 scaling solution for Ethereum, is set to implement significant breaking changes to its Fault Proof system, which will directly affect bridges, centralized exchanges, and custom solutions that handle withdrawals. This development is crucial for stakeholders within the Optimism ecosystem, as they must adapt their systems to align with the … Continue reading Optimism (OP) Announces Critical Fault Proof Upgrade Impacting Bridges and Exchanges