A U.S. District Judge has dismissed a case against Nano token developers, in which the plaintiff claimed the company had run afoul of U.S. securities laws. A New York judge has thrown out an investor’s proposed class action lawsuit against the development team of altcoin Nano (XRB), according to court documents filed Oct. 22. The […]
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Hacker group “Lazarus,” reportedly funded by North Korea, has stolen a staggering $571 million in cryptocurrencies since early 2017, a recent report reveals. Hacker group “Lazarus,” reportedly funded by North Korea, has stolen a staggering $571 million in cryptocurrencies since early 2017, a study conducted by cybercrime company Group-IB reveals. Key takeaways from the study […]
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A New York federal court has ordered BTC hedge fund Gelfman Blueprint, Inc.and its CEO Nicholas Gelfman to pay over $2.5 million in penalties for a fraudulent Ponzi scheme. A New York federal court has ordered cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman to pay over $2.5 million for operating […]
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U.K.-based global security company G4S has announced a new high-security “vault storage” for holding crypto assets. U.K.-based multinational security services company G4S has developed a new service for protecting cryptocurrency assets, the firm announced in an official press release Thursday, Oct. 18. G4S, formerly Group 4 Securicor, has released an “innovative security solution” for holding […]
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A Russian man accused of hacking government servers in three Russian regions to mine Bitcoins is facing up to five years in prison. A 21-year-old Russian from the Siberian city of Kurgan is facing criminal charges for illegally mining Bitcoins (BTC) via government-owned servers, local news agency Ura.Ru reports Tuesday, October 16, citing the regional […]
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An interview with Mr. Roubini about “buggy” smart contracts, Ethereum being a scam, why he might want to give the industry another try The interview has been edited and condensed. Nouriel Roubini is a New York-based economist that famously predicted the 2008 financial crisis when only a few considered there might be a threat to […]
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Losses caused by crypto exchange hacks hit $927 million in the first nine months of 2018, already 250 percent higher than throughout all of 2017. Losses caused by cryptocurrency exchange hacks hit $927 million in the first nine months of 2018, already 250 percent higher than throughout all of 2017, Reuters India reports October 10. […]
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As it awaits its Japanese operating license, Coinbase has made positive remarks about the country’s toughened stance towards the crypto industry. As it awaits its Japanese operating license, an executive from leading U.S. crypto exchange Coinbase has made positive remarks about the country’s toughened stance towards the crypto industry. In an interview with financial newspaper […]
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Blockchain-based adult entertainment platform SpankChain lost $38,000 in ETH in a hack of its payment channel smart contract. Ethereum-based adult entertainment platform SpankChain has suffered a smart contract security breach that led to loss of around $38,000, the firm reported on its Medium page Oct. 9. The hack, which purportedly took place Oct. 6, was […]
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The crypto industry has been repeatedly rocked by hacks and theft, undermining trust in the ecosystem. These episodes typically occur without warning, leaving investors to count their losses only after the hack occurs. In a bizarre turn, a 51% attack on Einsteinium (EMC2) has been announced in advance. The hack is scheduled for Saturday, Oct […]
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