Tesla revealed on July 20 that it sold 75% of its Bitcoin (BTC) holdings in the second quarter of 2022. The electric car manufacturer said the latest bitcoin transactions brought $936 million to its balance sheet. Tesla sold $936 million in Bitcoin Reports predict that Tesla’s Bitcoin holdings will record an impairment loss of more…
The FBI recovered nearly $500k from North Korean hackers after tracing ransomware payments made by a health organization to the illicit group. The U.S. law enforcement authorities have intercepted a ransomware payment to the infamous North Korean hackers and recovered nearly $500k. U.S. Deputy Attorney General Lisa Monaco said on July 19th that the funds…
During a Congressional subcommittee oversight hearing today, US Congressman Brad Sherman said that Ripple (XRP) is security and illegal; a similar argument was exerted by the Securities and Exchange Commission (SEC). On this note, Sherman wants SEC to pursue legal actions against cryptocurrency exchanges that supported the trading of XRP. Brad Sherman calls for legal…
An upgraded version of Ethereum is on its way. Ethereum 2.0 launch date is likely this summer. A new upgraded version of Ethereum called Ethereum 2.0 (Serenity), which has more advanced features than the existing model of Ethereum, is set to be launched soon. According to developers, Ethereum 2.0 launch could happen within August or…
A recent report from the US Federal Bureau of Investigation (FBI) revealed that cryptocurrency investors lose tons of money to cyber criminals through fake crypto investment applications. FBI warns of fake crypto apps Scammers took advantage of legitimate investment platforms to defraud investors, the law enforcement agency said. They lured unsuspecting crypto users into downloading…
India’s Finance Minister Nirmala Sitharaman told the Lok Sabha on Monday that the RBI is of the view of banning cryptocurrencies. The Finance Minister of India, Nirmala Sitharaman, told the Lok Sabha on Monday that the Reserve Bank of India is eager to ban cryptocurrencies. She responded to a question by VCK MP Thol Thirumavalavan,…
The former co-founder of Ripple Labs, Jed McCaleb, has finally emptied his so-called “taco stand,” bringing his massive token dumps to an end after several years. XRP holders are excited about the news and hope that the token could finally gain relief from selling pressure. Judging by Ripple’s progress so far in the SEC lawsuit…
Just in, the United States Federal Bureau of Investigation (FBI) has traced the infamous Ronin Network hack to the North Korea-based cybercrime group, Lazarus Group. North Korean is Behind Ronin Network Attack Ronin confirmed the development on Thursday, writing that the US Treasury Department has sanctioned the wallet address (0x098B716B8Aaf21512996dC57EB0615e2383E2f96) involved in the attack. “We…
On Wednesday, the Manhattan District Attorney’s Office charged a New York man, Robert Taylor, for running an unregistered Bitcoin ATM business. The 35-year-old faces charges of operating an “unlicensed money transmission business, tax fraud, and making false filings,” per Reuters. Man Facilitated $5.6M Trades Using Unlicensed Crypto Kiosks The prosecutors claimed that Taylor operated about…
Seven months after pleading guilty, former Ethereum developer Virgil Griffith has been slammed with 63 months jail term for siding and helping the North Korean government evade US sanctions using cryptocurrency. In addition to that, Griffith was fined $100,000 by Judge Kevin Castel of the Southern District of New York. Back in November 2019, Virgil…