Category Archives: Cryptocurrency News

Netflix will release a documentary on the QuadrigaCX exchange closure

Next year, Netflix will release a film about the founder of the QuadrigaCX exchange Gerald Cotten, whose death led to the loss of access to cryptoassets by users of the site for $ 250 million. According to a Netflix press release, the documentary, titled “Trust No One: The Hunt For The Crypto King,” will tell the story of Canadian cryptocurrency exchange founder Gerald Cotten, who died on his honeymoon in India in 2018. The documentary…

New US bill will oblige the SEC and CFTC to define powers to regulate cryptocurrencies

The US House of Representatives has included cryptocurrency in a version of its annual defense budget bill. According to the document, the SEC and CFTC must determine who will regulate the industry. The National Defense Authority Act, passed by the US House of Representatives, which sets out guidelines for defense policy and allocates costs within the priorities of the US military, includes a provision from the Remove Barriers to Innovation Act. The defense budget law…

BlackMatter hackers demand a ransom of $ 5.9 million in cryptocurrencies from a farm cooperative

A group of hackers BlackMatter attacked the Iowa-based New Cooperative farmer’s cooperative, demanding a ransom in cryptocurrencies in the amount of $ 5.9 million to unlock the data. New Cooperative sells grain to farmers. A New Cooperative employee told local media that the hackers used ransomware to block files containing supply chain information as well as feed distribution schedules for chickens, pigs and cattle. To unlock the files, the attackers require the cooperative to pay…

HSBC CEO: “digital currencies of the Central Bank will develop the economies of countries”

Noel Quinn, CEO of HSBC, which manages $ 3 trillion in assets, called the digital currencies of the Central Bank “a new form of money.” Quinn published an article in which he stated that government stablecoins can be considered legal tender as they are backed by central banks and governments. This proves their transparency and stability, and also avoids many of the risks inherent in private stablecoins and public cryptocurrencies, says Quinn. He sees many…

Ripple and the Central Bank of Bhutan will test the state cryptocurrency

The Royal Monetary Authority of Bhutan will begin testing the national digital currency in partnership with Ripple, according to the Japanese publication Nikkei. The San Francisco-based company is integrating its distributed ledger technology into Bhutan’s existing payment system using its CBDC Private Ledger product. During testing, the national digital currency will be used in international and domestic payment transactions. Ripple CEO Brad Garlinghouse said that his company aims to create a platform that will allow…

What You Need to Know About Binary Options Brokers?

What You Need to Know About Binary Options Brokers? Nowadays, there are many binary options brokers in the market, and everyone claims to provide the best services. Binary options trading was always popular, but it gained more popularity after its approval by the United States Security and Exchange Commission.    Suppose you are a trader and want to get into binary options trading. In that case, you must analyze some important aspects before choosing a…

FBI Warns of Rise of Scam Cryptocurrency Schemes on Dating Sites

Between January 1, 2021 and July 31, 2021, the FBI received over 1,800 complaints related to cryptocurrency dating site scams. The victims’ losses are estimated at $ 133.4 million. The FBI has issued a warning about cryptocurrency scammers using dating sites and social media to lure potential victims into cryptocurrency fraudulent schemes. With the pandemic, people have become more likely to suffer from depression and loneliness, so dating and communication apps have become very popular.…

Atlas VPN: hidden mining software tops malware rankings in 2021

According to Atlas VPN analysts, in the first half of 2021, cryptojacking programs were identified on 74,490 devices. The MalXMR malware is recognized as the leader in the rating of cryptojacking programs. In the first half of the year, 44,587 devices were infected with this hidden mining application. The program exploits the Windows vulnerability through the EternalBlue exploit and mines crypto assets. CoinMiner became the second most popular. Malware was detected on 8,533 devices. The…

NYT: “The US government has five ways to regulate stablecoins”

The influential New York Times drew attention to the problem of stablecoin development and predicted their speedy regulation. The New York Times (NYT) published an explanatory article on stablecoins outlining the possible options for regulators to deal with this asset class. According to the article, although the value of stablecoins is pegged to fiat currencies, the nature and stability of the backing assets have been repeatedly questioned, a fact that government agencies often cite in…

XRP Investors filed a class action lawsuit against Apple

XRP investors who have been victims of phishing attacks have sued Apple and accused it of posting a fake Toast Plus app on the App Store. The class action was filed in federal court in Maryland on behalf of plaintiff Hadona Diep. According to the statement, in March 2020, a woman downloaded the malicious application Toast Plus from the Apple Store, mistaking it for a new version of the Toast Wallet cryptocurrency wallet. Since the…