Crypto-Stealing SIM Swapper Pleads Guilty, Gets 10 Years in Prison

Joel Ortiz, a college student who allegedly stole cryptocurrency worth over $5 million, has pleaded guilty and accepted a 10-year prison sentence. Ortiz was arrested last year and accused of hijacking the phone numbers of around 40 people. He is now the first person to be sentenced for the crime, commonly known as SIM swapping. […]

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Properties Are Still Being Sold for Cryptocurrency Despite the Bear Market

Despite Bear Market Prices Owners Are Still Selling Properties for CryptocurrenciesBitcoin and many other digital assets have lost more than 80 percent of their fiat value since 2017. Despite this, the trend for people selling homes for cryptocurrency continues to thrive amidst one of the longest bear markets in crypto history. Also read: Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency The […]

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Canadian Exchange Insolvent After CEO Dies With Keys to $145M of Cryptocurrency

Canadian Crypto Exchange Files for Bankruptcy After CEO Dies With Wallet KeysDeath is complicated enough in the cryptosphere when a private investor dies with the private keys to their fortune. But the pain is amplified exponentially should the deceased be the CEO of a digital currency exchange responsible for the safekeeping of millions of dollars. The death of Gerald Cotten, founder and chief executive officer of […]

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Wyoming Senate Passes Bill Recognizing Cryptocurrency as Money

Wyoming Senate Passes Bill Defining Cryptocurrency as PropertyThe Senate of the U.S. state of Wyoming has passed a bill which defines cryptocurrency as property and establishes rules including for allowing banks to provide crypto custodial services. For secured transactions, however, the bill recognizes cryptocurrency as money subject to some of the same rules as money in the state. Also read: Indian Supreme Court Moves […]

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Australia’s Financial Intelligence Agency Registers 246 Bitcoin Exchanges

Australia’s Financial Intelligence Agency Registers 246 Bitcoin ExchangesThe Australian Transaction Reports and Analysis Centre (Austrac) has now officially registered 246 cryptocurrency exchanges. Pro-regulation industry participants have described the move as a key step towards legitimizing crypto assets. The registration process includes performing background checks and other anti-money laundering procedures on the entities involved. Also read: Coincheck Registers 1.7M New Users Since Resuming Operations […]

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