The hacker group behind the Colonial Pipeline cyberattack received over $90 million in bitcoin ransom payments over the last nine months from 47 victims before the group shut down last week, CNBC reported. The attack, believed to have been done by cyber terrorist group DarkSide,...
Up to 87 percent of Dogecoin mining is done by Chinese-affiliated companies or is mined in China outright, Crypto New Media reported. Comparatively, Bitcoin does not have nearly as much mining in China, according to the report. Instead, more bitcoin companies have been mining in...
Cryptocurrency exchange Binance Holdings is now under investigation by the Department of Justice (DOJ) and the IRS as they try to make some order out of a mostly unregulated market, Bloomberg reported. Binance has mostly avoided regulation, much the same as the general industry it...
Brex, which provides financial services to businesses, now lets its customers redeem their Brex reward points for Bitcoin and Ethereum, according to a press release. The program is powered by TravelBank. With the Brex rewards program, which launched in 2018, businesses can earn up to...
Circle has named Jeremy Fox-Geen, a tech veteran, as its new chief financial officer (CFO), according to a press release. Fox-Geen will be in charge of the company’s finance and treasury organizations, and he will work with the company on scaling out globally, the release...
Cryptocurrency Ethereum surged past $4,000 on Monday (May 10), CNBC reported. The coin, which is the world’s second largest after bitcoin, was at its all-time high of $4,196.63 at 12:15 p.m. Eastern time, according to the report. The total market value of the coin has...
Resorts World Las Vegas and cryptocurrency exchange Gemini are now working together to “explore future opportunities” for casino patrons to pay for items using cryptocurrency, according to a press release. With the partnership, Resorts World is looking to become more crypto-friendly. The companies will be...
Financial services and investment manager Galaxy Digital has agreed to acquire BitGo, which works in digital asset infrastructure, according to a press release. With the acquisition, Galaxy Digital will be positioned as a global full-service platform for institutions looking to access the cryptocurrency economy, the...
The FinTech company FIS said it can provide banks with an “industry-first solution” to give customers the ability to buy, sell and hold bitcoin using their bank accounts. “Currently, consumers and corporations must establish new accounts, often with unregulated entities, and go outside of their...
