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…
The Accounts Chamber of El Salvador received a request from the non-profit organization Cristosal to verify the legality of government purchases of bitcoins and allocate funds for the installation of cryptomats. The investigation began after the human rights organization Cristosal filed a complaint with the Audit Chamber asking to reconsider the process of accepting bitcoins in El Salvador as legal tender. Cristosal claims that the introduction of payments in BTC was completely “unconstitutional” and the…
The new version of the protocol of interaction between Solana and Ethereum is ready for the migration of cryptoassets. The developers of the “bridge” Wormhole announced the launch of the second version of the solution. The developers of the Wormhole Bridge, designed to connect different blockchains, presented the second iteration of the solution and shared the details of the upcoming migration from the first to the second version. According to a statement posted on Wormhole’s…
The developers of the SushiSwap decentralized exchange reported that 864 ETH was stolen from the platform for the sale of MISO tokens as a result of a hacker attack. According to a Twitter post by SushiSwap CTO Joseph Delong, the hacker exploited a vulnerability in the MISO platform during an auction for the sale of non-fungible tokens (NFT) and withdrew 864.8 ETH worth about $ 3 million. DeLonge stated that an anonymous contractor using the…
Between April 2020 and March 2021, complaints about fraudulent cryptocurrency projects increased by 222%, according to the UK Financial Conduct Authority. The UK Financial Conduct Authority (FCA) has published research results related to investments in various projects, including cryptocurrencies. The regulator said that in April 2020 it received 176 requests related to cryptocurrency fraud, and by March 2021 this number had grown to 566. The agency suggested that this is partly due to the age…
LSE-listed mining company Argo Blockchain entered the Nasdaq stock exchange with 7.5 million American depositary receipts under the ticker ARBK. 7.5 million American Depositary Receipts (ADR) are equivalent to 75 million Argo Blockchain common shares. Now Argo Blockchain shares are traded at 1/33 pound sterling ($ 1/84) apiece, from entering the Nasdaq the company can receive up to $ 138 million. At the moment, the capitalization of the mining company is estimated at $ 745…
Australian cryptocurrency exchanges Swyftx, CoinSpot, CoinJar and BTC Markets said they are not afraid of competition with major trading platforms Kraken, Gemini and Binance, which entered the Australian market. Kraken, Gemini and Binance have set up subsidiaries in Australia over the past few years in an effort to “grab” a portion of the domestic market. Gemini began operations on this continent in mid-2019. In 2020, Kraken acquired the Australian trading platform Bit Trade to expand…
The rebranding of the Facebook Diem (formerly Libra) project did not impress the US Treasury and other regulators. They still fear that stablecoin is dangerous for the global financial system. Last week, Facebook Blockchain Development Manager David Marcus visited Washington DC and met with regulators. One of the goals of his trip was to educate regulators about the value of Diem stablecoin, how it can help people without access to banking services, and to discuss…
Two more provinces in China, Hebei and Gansu, have joined the cryptocurrency mining ban. Similar restrictions have already been imposed in Xinjiang, Inner Mongolia, Qinghai, Yunnan and Sichuan. Chinese regulators: National Coordination Center for the Development of Computer Network Emergency Technologies, PRC Internet Information Administration, Education and Public Security Departments, Provincial Financial Supervision and Administration Bureaus, and provincial divisions of the People’s Bank of China and the Communications Administration, issued a joint directive on measures…
One of the world’s largest payment systems, MasterCard, continues to expand in the cryptocurrency industry with the acquisition of analytical company CipherTrace. Using the developments of CipherTrace, the payment company plans to improve its own systems in the field of information security. In addition, CipherTrace solutions will help refine the MasterCard platform to support cryptocurrencies and ensure better regulatory compliance. “Digital assets can transform commerce, transform the economy, and make them more efficient. The rapid…
