• Binance $200K reward hackers
    Bitcoin,  Cryptocurrencies

    Binance pays $200K reward after hackers indicted

    The leading cryptocurrency exchange compensated investigators who identified the hackers behind a 2018 phishing attack, even though they are still at large

    According to a Nov. 11 announcement, Binance is granting most of the $250,000 reward that the exchange offered to pay for information leading to the arrest of the March 7, 2018 attackers. “Sometimes #SAFU takes time,” Binance CEO Changpeng “CZ” Zhao tweeted. “This took 2 years of effort, with close collaboration with multiple law enforcement agencies globally. But we don't give up.”

  • Visa Plaid antitrust
    Regulation,  Technology,  United States

    U.S. sues to stop Visa’s acquisition of payments fintech Plaid

    The Department of Justice brought an anti-trust suit seeking to block the deal for Plaid, which lets merchants bypass online debit card payment middlemen

    In Nov. 5 filing with the U.S. District Court for the Northern District of California, the Department of Justice (DoJ) claimed in a court filing that as “Visa learned more about Plaid’s efforts to launch its own pay-by-bank debit service that would directly compete with Visa, its executives grew increasingly alarmed.”

  • Politics,  Regulation,  Ripple

    Ripple’s Garlinghouse: U.S. regulators ‘advantaging’ Chinese crypto technologies

    The international payments firm’s CEO repeated warnings that regulatory uncertainty is driving the company to consider leaving the U.S.

    “If the U.S. government's doing things to advantage Chinese technology at the disadvantage to a company like Ripple and others like Ripple, then that's a really frustrating place to be,” Ripple CEO Brad Garlinghouse said. “And that's why we have taken the step to look at, should we relocate the company to a country where it is clear?”

  • Bitcoin extortionist jailed
    People

    U.K. Bitcoin extortionist jailed for 14 years

    Sheep farmer contaminated baby food with metal and demanded a $1.8M in bitcoin from U.K. retailer

    A plot to extort money from supermarket chain Tesco by contaminating baby food with broken-up blades of a craft knife and iron filings was fueled by bitcoin and ended with a 14-year jail term.