Browsing Tag

crypto

CryptoSafe: Evertas Secures Approval for Record-Breaking Crypto Insurance Policy

Dahlia Martyna Jun 3, 2023

A crypto insurer named Evertas has been given permission by London's Arch Insurance International to increase single policy coverage to a record-breaking $420 million. The development serves as a significant advancement for the…

Ohio Lawmaker: Deal to Prevent US Debt Default Removes Proposed 30% Crypto Mining Tax

Clark Baisa May 30, 2023

Rep. Warren Davidson states that legislation on the U.S. debt ceiling blocks proposed taxes, including a 30% tax on electricity for crypto miners. A preliminary agreement aimed at preventing the United States government from defaulting…

Ethereum drops 7% in wider Crypto sell-off as traders assess uncertainty of interest rates

Clark Baisa Apr 20, 2023

Ethereum fell as much as 7% on Wednesday amidst a broader Crypto market sell-off as traders navigated a turbulent market. According to Messari, Bitcoin dropped almost 3% in less than thirty minutes this morning. In the meantime, altcoins…

Cryptocurrency exchange Beaxy shuts down following an SEC lawsuit

Dahlia Martyna Mar 31, 2023

As a result of the U.S. The Securities and Exchange Commission (SEC) charged the company and its founder, Artak Hamazaspyan. with running an unlicensed exchange and brokerage. The SEC also accused Beaxy Digital Ltd. of fraudulently…

FTX founder Sam Bankman-Fried accused of paying bribes of $40 million to government officials in…

Dahlia Martyna Mar 30, 2023

FTX founder Sam Bankman-Fried is accused of bribing at least two Chinese officials $40 million to release his cryptocurrency business's assets in a Tuesday unopened accusation. The new charges are the most recent legal problems for the…

‘Black Web Cryptocurrency’ is being taken down by German and US authorities

Rose Mar 17, 2023

Authorities from Germany and the US shut down a cryptocurrency mixer today and seized a lot of Bitcoin in the process. The mixer was allegedly used by criminals on the dark web to launder money. With assistance from Belgian, Swiss,…

Authorities shut down ChipMixer after it was linked to hacked cryptocurrency from FTX, Axie Infinity

Clark Baisa Mar 17, 2023

The FBI, Europol, and other international agencies have disabled ChipMixer, a cryptocurrency mixing service with ties to the FTX and Axie Infinity attacks. The Justice Department stated in a news release published on Wednesday that…

New York AG files suit against KuCoin, alleging crypto exchange violates security laws

Clark Baisa Mar 11, 2023

Attorney General Letitia James of New York State filed a lawsuit against KuCoin on Thursday, saying that the Seychelles-based crypto exchange violates securities laws by providing tokens – including ether – that fulfill the definition of…

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