Tag
The U.S. Department of Justice (DOJ) has arrested two individuals for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, a virtual currency exchange. According to the DOJ, the cryptocurrency that was seized is presently valued at $4.5 billion. Law enforcement has seized over $3.6 billion in cryptocurrency linked to the Bitfinex hack. “Today’s
The U.S. Deputy Attorney of the Justice Department, Lisa Monaco, unveiled two new enforcement initiatives aimed at targeting cryptocurrencies and government contractors who fail to report cyber breaches, Reuters reported. The U.S. Department of Justice website calls it the Civil Cyber-Fraud Initiative. The initiative will combine the Justice Department’s expertise in civil fraud enforcement, government procurement and cybersecurity to combat
The People’s Bank of China has declared all digital currency activities illegal, and has vowed to crack down on the market, CNBC reported. According to CNBC, the People’s Bank of China said services offering trading, order matching, token issuance, and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are also illegal. It appears
The U.S. Senate is facing backlash from the cryptocurrency industry over a portion of the Infrastructure bill that would require crypto brokers to report customer information to the Internal Revenue Service (IRS), CNBC reported. The bill broadens the definition of a “broker” to include anyone who is “responsible for regularly providing any service effectuating transfers of digital assets on behalf
Nvidia announced a change to their RTX 30 series cards. The purpose is to nerf them so that the cards will be less desirable to people who use them for mining cryptocurrency. To me, it sounds like this could make it easier for gamers to not only obtain Nvidia’s cards, but also to use them for their intended purpose -
The Federal Trade Commission posted a warning about cryptocurrency investment scams. The information includes descriptions of how crypto scammers work - and how to avoid being scammed. According to the FTC, “scammers are taking advantage of people’s understanding (or not) of cryptocurrency investments, and how they work. And younger people are losing big.” The FTC’s new data spotlight shows that
There is a risk for people who invest in cryptocurrency - it could hurt their personal relationships, Bloomberg Wealth reported. This information comes from a survey done by SurveyMonkey that was done on behalf of .Tech Domains. The survey was done with 1,033 Americans and balanced by age and gender. …And while there might be no harm in checking in