Cryptocurrency Thefts Surge to $1.38 Billion in First Half of 2024
A new report from blockchain research firm TRM Labs has revealed an alarming rise in cryptocurrency theft, with hackers more than doubling their illicit gains in the first half of 2024 compared to the same period last year. Cryptocurrency criminals have stolen a staggering $1.38 billion so far this year. CNBC Reports The cryptocurrency world […]
Florida Pastor Bought Child Pornography with Cryptocurrency
A Baptist pastor in Florida has been arrested on child pornography charges after allegedly using cryptocurrency to purchase child sexual abuse material online. Jonathan Edward Elwing, senior pastor at Palm View Baptist Church, was taken into custody by the Manatee County Sheriff’s Office on Friday. A search warrant was executed ABC7 reported on the events […]
Cryptocurrency Exchange Founders Tyler, Cameron Winklevoss Donate $2 Million to Trump
Cryptocurrency exchange Gemini founders Cameron and Tyler Winklevoss announced on Thursday that they have donated $2 million in Bitcoin to former President Donald Trump’s re-election campaign, citing the Biden administration’s “war on crypto.” Tyler Winklevoss wrote that he and his brother now support Trump, noting that President Joe Biden’s administration has been openly hostile to […]
1 Top Cryptocurrency to Buy Before It Soars 150%, According to a Popular Analyst – The Motley Fool
A noted crypto analyst believes that Dogecoin has a bright future. Dogecoin (Doge -0.02%) It has undergone a lot of change in the past three years. This cryptocurrency was launched in 2013 as a parody of Bitcoin. Bitcoin (BTC 0.03%) Named after the Shiba Inu meme, it was just $0.01 at the start of 2021 […]
Epoch Times embroiled in alleged cryptocurrency money laundering scheme – The Washington Post
The chief financial officer of right-wing news outlet The Epoch Times has been arrested and indicted on charges of using cryptocurrency to launder $67 million in criminal proceeds, the Department of Justice announced. Said Monday. Weidong Guan, 61, also known as Bill Guan, is charged with one count of money laundering conspiracy and two counts […]
Kabosu, the face of cryptocurrency Dogecoin, dies at 18, owner says
MittGroup CEO Grant Mitterlehner talks cryptocurrency amid Elon Musk’s Twitter news and market uncertainty. Kabosu, Japanese Dog The dog that became a global meme and the face of alternative cryptocurrency Dogecoin has died at the age of 18, his owner announced in a blog post on Friday. The Shiba Inu’s owner, Atsuko Sato, wrote that […]
Trump Campaign Starts Accepting Cryptocurrency Donations
Former President Donald Trump’s presidential campaign will become the first in history for either major political party to begin accepting cryptocurrency donations. Trump’s team announced the new fundraising methods in an emailed press release on Tuesday. Here’s what donors can do: To contribute Donate “any cryptocurrency accepted through the Coinbase Commerce product” to the campaign’s […]
House passes bill to create new cryptocurrency framework despite pushback from Securities and Exchange Commission Chair Gary Gensler
The House of Representatives on Wednesday passed a bill that would create a new framework for when virtual currencies should be regulated by the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). The House passed the 21st Century Financial Innovation and Technology Act (FIT 21) by a vote of 279-136, despite […]
2 arrested for allegedly laundering over $73 million in cryptocurrency scams – KTLA Los Angeles
Two people, including a Los Angeles County resident, have been arrested on suspicion of laundering more than $73 million through cryptocurrency fraud. The suspects were identified as Yicheng Zhang, 38, of Temple City, and Darren Li, 41, a dual citizen of China and St. Kitts and Nevis, according to the U.S. Attorney’s Office. The two […]
Two Brothers Educated In Prestigious University Stole Cryptocurrency Worth $25 Million In 12 Seconds, Feds Allege
The federal government on Wednesday indicted two brothers in Massachusetts on fraud-related charges for allegedly attacking the Ethereum blockchain and stealing $25 million in cryptocurrency in just about 12 seconds, according to the Department of Justice (DOJ). Anton Peraire-Bueno, 24, of Boston, and James Peraire-Bueno, 28, of New York, were charged with “wire fraud, wire […]