23 Sep 2022

Ethereum Coin Mixer Tornado Cash Is Back on GitHub

Ethereum coin mixer Tornado Cash is now back on software hosting website GitHub. The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) last month blacklisted Tornado Cash, which allows users to anonymously send and receive Ethereum. American citizens are now banned from interacting with the app, which pools

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21 Sep 2022

Colorado is now accepting tax payments in cryptocurrency, as Gov. Polis promised

The American state of Colorado now accepts cryptocurrency for tax payments, Gov. Jared Polis announced on Monday. The option is already available on the state Department of Revenue website. Colorado tax payments are accepted through the PayPal Cryptocurrency Hub with service fees of $1.00 plus 1.83% of the payment amount. Payments

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16 Sep 2022

Treasury recommends exploring creation of a digital dollar

The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system. The White House said on Friday that after President Joe Biden issued an executive

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07 Sep 2022

Bitcoin hits lowest level since June as cryptocurrency market drops below $1 trillion again

Bitcoin traded below $19,000 on Wednesday morning, hitting its lowest level since June following a drop in stock markets globally and the continued strength of the U.S. dollar. The value of the entire cryptocurrency market also fell below $1 trillion as digital coins across the board saw a sell-off. Bitcoin

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31 Aug 2022

Crypto.com Sues Woman After Sending Her $10 Million by Mistake

A woman received $10.5 million in an accidental transaction from popular cryptocurrency platform Crypto.com—and then allegedly spent it on a luxury home, according to reports. Two sisters in Melbourne, Australia, are now being chased by the courts after going on a spending spree with the cash, 7NEWS reported Tuesday. A Crypto.com representative

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23 Aug 2022

Samsung Working on South Korean Crypto Exchange

Samsung’s securities company and other traditional brokerages plan to launch a crypto exchange next year. Samsung and several others could launch a crypto exchange. According to a report from NewsPim on August 22, seven South Korean securities companies under the Korea Financial Investment Association plan to open a virtual asset company. Those

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11 Aug 2022

Crypto Exchange dYdX Blocked Accounts That Received Even Small Amounts From Tornado Cash

Cryptocurrency exchange dYdX said it blocked user accounts with even a token link to Tornado Cash, the crypto-mixing service sanctioned Monday by the U.S. Treasury Department. The Treasury Department’s action led to a significant increase in accounts flagged by dYdX’s compliance provider, which is used to highlight accounts potentially associated

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03 Aug 2022

Ongoing solana attack targets thousands of crypto wallets, costing users more than $5 million so far

Nearly 8,000 digital wallets have been drained of just over $5.2 million in digital coins including solana’s sol token and USD Coin (USDC), according to blockchain analytics firm Elliptic. The Twitter account Solana Status confirmed the attack, noting that as of Wednesday morning, approximately 7,767 wallets have been affected by

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25 Jul 2022

Hacker drains $1.08M from Audius following passing of malicious proposal

Proposals in crypto help communities make consensus-based decisions. However, for decentralized music platform Audius, the passing of a malicious governance proposal resulted in the transfer of tokens worth $6.1 million, with the hacker making away with $1 million. On Sunday, a malicious proposal, Proposal #85, requesting the transfer of 18 million

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20 Jul 2022

Security Service of Ukraine Shuts Down Crypto Mining Farm Near Front Line in Kharkiv

Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of stolen electricity, threatening energy supply to critical infrastructure, the agency said. Officers from the Security Service of Ukraine (SBU) have discovered

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