• The exact moment Changpeng “CZ” Zhao says Binance was hacked to the tune of $40 million during his Twitter AMA, May 7, 2019).
    The exact moment Changpeng “CZ” Zhao says Binance was hacked to the tune of $40 million during his Twitter AMA, May 7, 2019).
    Bitcoin

    Binance puts $300,000 bounty on extortionist’s head

    The leading cryptocurrency exchange offered up to 25 bitcoin for information on the person who released what he claims is Binance customers’ private data

    August 8, 2019 /

    Binance has offered a $300,000 reward for information leading to the capture of an individual who posted 10,000 photos of users and their identity documents that may have come from the leading cryptocurrency exchange’s customer data.

    Read More
  • The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    The libra logo on a cellphone sitting on some coins. What else do you need to see? (via Shutterstock)
    Libra

    From privacy regulators to Walmart, Facebook’s Libra faces growing threats

    The US, EU, Canada, and Australia demand data protection guarantees; Walmart patents its own cryptocurrency

    August 6, 2019 /

    In a joint statement on August 6, data protection regulators from the United States, United Kingdom, European Union, Canada, and Australia came head-on, issuing a joint statement slamming the Libra project and Facebook for failing to address the fledgling cryptocurrency’s privacy risks.

    Read More
  • Tether and Bitfinex are complaining about court costs (via Pixabay).
    Tether

    NYAG ridicules Bitfinex, Tether court cost claims

    The companies already spent $500,000 fending off New York Attorney General Letitia James’ accusations of fraud and securities law violations

    August 2, 2019 /

    New York State Attorney General Letitia James’s office called shenanigans yesterday on Bitfinex and Tether’s argument that it could spend $5 million defending itself from accusations of fraud.

    Read More
  • Congress
    Here's what the U.S. Congress looks like (via Pixabay).
    United States

    Eyeing the future, US Congress moves to define ‘blockchain’ and ‘cryptocurrency’

    Senate action on Blockchain Promotion Act seen as vital to growth

    July 16, 2019 /

    The U.S. Senate Commerce, Science and Transportation Committee voted to approve the Blockchain Promotion Act of 2019 on July 12, giving the Commerce Department one year to come up with “a recommended definition of the distributed ledger technology commonly known as ‘’blockchain technology.’”

    Read More