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A California judge has dismissed the $200 million in damages claim against the telecom giant AT&T for alleged negligence and fraud. The judge still ruled the telecom company had to answer the lawsuit by Michael Terpin for enabling the theft of $24 million worth of his cryptocurrency after a company agent gave his sim card […]
The post Judge Dismisses $200M Damages Claim in SIM-Swap Crypto Lawsuit Against AT&T appeared first on Bitcoin News.
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The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency transactions. The United States tax agency wants to obtain a solution to […]
The post IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract appeared first on Bitcoin News.
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Despite the recent mini price crash, DeFi users have injected more than 20,000 Bitcoin into DeFi projects in the last week, suggesting the DeFi bull run isn’t over.
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The United States IRS agency has announced a bounty of up to $625k to anyone who can crack Monero’s privacy.
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Yfdex.Finance (Yfdex), a new liquidity mining pool, has reportedly exit scammed, making off with up to $20 million of investors’ funds. The decentralized finance (Defi) project convinced people to hand over their life savings following just two days of aggressive marketing on social media, and then disappeared without a trace. Crypto investor and analyst Cryptowhale […]
The post Defi Project Yfdex.Finance Vanishes With $20M Investors’ Funds Just Two Days After Launch appeared first on Bitcoin News.
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While Ethereum has seen a number of benefits from the decentralized finance (defi) movement and initial coin offerings (ICOs), more recently individuals have been leveraging ether for pyramid schemes and matrix cycler programs. One particular scheme crypto enthusiasts are discussing these days is the gifting pyramid scheme called Forsage. Following the demise of a number […]
The post Despite Warnings from Regulators, the Ethereum Fueled Pyramid Scheme Forsage Thrives appeared first on Bitcoin News.
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Mastercard has launched a digital currency testing platform aimed at helping central banks test their digital currencies. The system will also demonstrate how consumers can use central bank digital currencies to pay for goods and services wherever Mastercard is accepted worldwide. Mastercard’s Digital Currency Testing Platform Global payments company Mastercard announced Wednesday the launch of […]
The post Mastercard Launches Digital Currency Testing Platform for Central Banks appeared first on Bitcoin News.
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Africans are turning to cryptocurrencies to avoid high fees and currency instability, with transfers to and from the continent increasing 55% over the last year.
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A new report by the Society for Worldwide Interbank Financial Telecommunication (SWIFT) says cryptocurrency is seldom used for money laundering activities compared to fiat or other traditional methods. Despite the perception that crypto assets are a preferred haven for illegally acquired funds, criminals prefer to launder proceeds through mules, front companies, or cash businesses as […]
The post SWIFT Says Criminals Prefer Cash for Money Laundering, Not Cryptocurrency appeared first on Bitcoin News.
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Following the arrest of 109 accused members of the $6 billion Ponzi scheme called Plustoken, six alleged members of the team were prosecuted according to a court filing submitted on Monday. The prosecutors say the individuals are “suspected in organizing and leading criminal pyramid schemes.” The Plustoken scam was a large heist that managed to […]
The post 6 Members of the Multi-Billion Dollar Plustoken Scam Charged With Fraud in China appeared first on Bitcoin News.
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