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Senior Worker at Bithumb Triggered Hacking Vulnerability

Senior Worker at Bithumb Triggered Hacking Vulnerability

A senior worker at Bithumb, a leading South Korean crypto exchange, is in a tight spot after a Korean court discovered that he is liable for web safety legislation breaches. As a result, his misdeeds made the crypto exchange vulnerable to a 2017 hack that led to the loss of cryptocurrency holdings worth $6 million USD.

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Why 74% of Chinese Crypto Miners Are Having Difficulty Paying Their Electricity Bills

Crackdown on money laundering and fraud in the Chinese crypto space has seen cryptocurrency miners pay the price, as cards linked to crypto have been frozen.

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto

Texas resident Joshua Thomas Argires has been charged for investing COVID-19 relief funds in cryptocurrencies

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme

An emergency cease and desist order has been issued against the “Bitcoin Pope” trader, under allegations of fraudulent cryptocurrency investments.

Tesla CEO Elon Musk Says You Can Now Buy a Tesla With Bitcoin

Tesla CEO Elon Musk Says You Can Now Buy a Tesla With Bitcoin

Elon Musk has revealed that customers can now purchase Tesla cars with Bitcoin as the mode of payment.

China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism

China's Central Bank and Watchdogs Meet with Jack Ma and Ant Group Execs following Regulation Criticism

Ant Group founder Jack Ma and the firm’s top executives met with PBoC and three financial regulators as China published new draft rules for online micro-lending.

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea Proposes 20% Capital Gains Tax on Cryptocurrency Commodities

South Korea’s parliament has put forward a bill that could see crypto profits taxed by up to 20% as members argue that cryptocurrencies are commodities.

Bitcoin Billionaire Winklevoss Slams European Central Bank Money Printing Despite Strong Euro

Bitcoin Billionaire Winklevoss Slams European Central Bank Money Printing Despite Strong Euro

Bitcoin billionaire and Gemini Exchange Founder Tyler Winklevoss Slams European Central Bank's continued stimulus and low refinancing rates despite a strong Euro.

Darknet AlphaBay Moderator Paid in Bitcoin Sentenced to 11 Years in Prison

Darknet AlphaBay Moderator Paid in Bitcoin Sentenced to 11 Years in Prison

A darknet moderator for marketplace AlphaBay has been apprehended by law officials and sentenced to 11 years in prison.

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ

The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.

Denmark Backs Blockchain Technology As Instrument to Fighting Runaway Political Corruption

Denmark Backs Blockchain Technology As Instrument to Fighting Runaway Political Corruption

The Danish government has thrown its support behind blockchain in the fight against political corruption.

New York Man Charged with Defrauding Investors $4.5 Million in Cryptocurrency Investment Scheme

New York Man Charged with Defrauding Investors $4.5 Million in Cryptocurrency Investment Scheme

A New York man has been charged in US federal court with defrauding investors out of millions of dollars in crypto assets that he used on offshore gambling sites. A criminal complaint was filed on July 9, and the US Attorney’s Office charged Douglas Jae Woo Kim, 27 years old, with wire fraud in which he allegedly conned three investors out of over $4.5 million of Ethereum and Bitcoin.

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