The operator of an allegedly fraudulent crypto escrow scheme accused of misappropriating $7 million from two clients is expected to plead guilty in September. Jon Barry Thompson, the accused operator of a fraudulent crypto escrow service that defrauded $7 million from two customers, is expected to enter a guilty plea — with prosecutors aiming to […]
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On-chain and trading data signal that traders have abandoned Litecoin, but for some reason long-term investors are hoarding LTC. Price wise, Litecoin (LTC) has had a pretty rough year and currently the altcoin is down 51% over the past twelve months. The lack of GitHub activity and planned protocol upgrades have Litecoin co-founder Charlie Lee […]
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Ripple and Coinbase-backed cryptocurrency exchange Bitso has topped Argentina’s crypto market in the six months after launch. Bitso, one of the biggest cryptocurrency exchanges in Latin America, has hit 1 million users prior to its upcoming launch in Brazil. Santiago Alvarado, director of cross-border payments at Bitso, discussed the latest developments in leveraging crypto for […]
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A researcher suggested that exchanges could “rollback” hacks by renting mining power from online marketplaces. Speaking at Unitize virtual event, Coin Metrics researcher Lucas Nuzzi suggested that one way for exchanges to fight back against the hackers is by renting mining power from online marketplaces. 6 confirmations ticking countdown Nuzzi conjectured that an exchange which […]
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A major Chinese e-commerce platform and a video sharing site have reportedly joined China’s CBDC project. Development of China’s central bank digital currency, or CBDC, continues to show signs of progress. On July 8, a major domestic e-commerce platform and a video sharing site both joined the CBDC project, according to local news. Companies Meituan […]
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Barstool Sports’ founder weighs in on the Dogecoin Tik Tok pump scene. Dave Portnoy, founder of Barstool Sports, recently ranted about the recent shilling of Dogecoin (DOGE) via Tik Tok. “What’s going on with Dogecoin!?” Portnoy said in a recent video posted on Twitter. “It’s a pump and dump,” he added, calling Dogecoin “bubbly rosé.” Tik […]
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The U.S. Department of Justice unveiled the identity of the hacker behind the pseudonym “fxmsp” after charging him with federal crimes. The U.S. Department of Justice, or DoJ, indicted Andrey Turchin, known under the pseudonym “fxmsp,” with various federal crimes. Turchin allegedly founded a cybercrime group that targeted the computer networks of several companies. After […]
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Dr. Ali Loveys says the biggest challenge in the blockchain space is not about the tech, but rather defining the right business value. During a Unitize panel on Wednesday, Ali Loveys commented that the biggest challenge in the blockchain space is not the technology itself, but rather whether the business model or values make sense […]
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Binance will join Swipe’s board of directors, but the firm is “able to run the company independently from Binance.” The world’s largest cryptocurrency exchange, Binance, has completed its second acquisition in 2020. Both acquisitions appear to further indicate Binance’s interest in crypto debit card issuance. After acquiring the industry’s most popular website, CoinMarketCap, in April […]
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The Italian Banking Association, or ABI, uses a blockchain-based system called Spunta, built with decentralization in mind. In a recent panel, as part of a digital Unitize blockchain conference, ABI chief innovation officer Silvia Attanasio explained why the banking entity chose to go the decentralized blockchain route for Spunta — its blockchain solution built on enterprise […]
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