Cryptocurrency

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets.

Source: en.wikipedia.org

Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud
Gemini, DCG Face Lawsuit Alleging $1.1 Billion Fraud
October 19, 2023  |  Cryptocurrency

Crypto exchange Gemini and venture capital firm Digital Currency Group (DCG) are facing a lawsuit filed by New York Attorney General Letitia James, alleging the companies defrauded customers of $1.1...

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Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
Ex-FTX Lawyer Testifies Company Falsely Promised Asset Protection
October 19, 2023  |  Legal

A former FTX lawyer testified that the company had falsely promised institutional customers, including hedge fund Sculptor Capital Management, that their assets would be safe in...

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Bitcoin ATM Installations Plummet to Two-Year Low
Bitcoin ATM Installations Plummet to Two-Year Low
October 19, 2023  |  Cryptocurrency

The number of bitcoin ATMs worldwide have hit a two-year low. Over the past year, the number of bitcoin ATMs available has declined by 7,000,...

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Binance France Director Resigns, 5th Top Exec to Leave in 4 Months
Binance France Director Resigns, 5th Top Exec to Leave in 4 Months
October 18, 2023  |  Personnel

Stéphanie Cabossioras has resigned as the managing director of Binance’s French unit, the latest in a line of leaders to depart the cryptocurrency exchange. Cabossioras,...

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Digital Euro Begins Two-Year Prep Phase at European Central Bank
Digital Euro Begins Two-Year Prep Phase at European Central Bank
October 18, 2023  |  CBDC

The European Central Bank (ECB) is closer to launching a digital euro. The ECB announced in a Wednesday (Oct. 18) press release that it will...

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Hamas’ Alleged Crypto Use Has Lawmakers Pressing Biden for Answers
Hamas’ Alleged Crypto Use Has Lawmakers Pressing Biden for Answers
October 18, 2023  |  Cryptocurrency

Reports emerged last week that Hamas’ attack on Israel might have been financed with cryptocurrency. Now, a bipartisan group of U.S. lawmakers — led by...

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FTX Criminal Trial: Nishad Singh Sweats Under Cross-Examination 
FTX Criminal Trial: Nishad Singh Sweats Under Cross-Examination 
October 17, 2023  |  Legal

Sam Bankman-Fried’s multibillion-dollar criminal financial fraud trial is nearing its halfway point.  And Nishad Singh, the former engineering director at the since-imploded FTX cryptocurrency exchange,...

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Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
Fed Governor Michelle Bowman Concerned About Risk of Digital Dollar
October 17, 2023  |  CBDC

Federal Reserve Governor Michelle Bowman is concerned about the potential risks associated with a U.S. central bank digital currency (CBDC). Speaking Tuesday (Oct. 17) at...

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BlackRock CEO Larry Fink Reports Growing Worldwide Demand for Crypto
BlackRock CEO Larry Fink Reports Growing Worldwide Demand for Crypto
October 17, 2023  |  Cryptocurrency

Larry Fink, the CEO of asset manager BlackRock, reported the increasing demand for cryptocurrencies among its global clientele. Fink’s comments on Fox Business come amid...

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