In this article VYGR Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank. Justin Sullivan | Getty Images During a five-hour Chapter 11 bankruptcy hearing earlier this month for crypto firm Voyager Digital, a customer
Month: August 2022
South Korea’s telecommunications regulator said on Tuesday it plans to launch an investigation into app store operators such as Apple, Alphabet’s Google and One Store over suspected violations of in-app payment law. Potential fines for infractions could be as high as 2 percent of the average annual revenue from related business practices, the law says. The
Credential theft is clearly still a problem. Even after years of warnings, changing password requirements, and multiple forms of authentication, password stealing remains a top attack method used by cyber criminals. The latest report from the Ponemon Institute shares that 54% of security incidents were caused by credential theft, followed by ransomware and DDoS attacks.
Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macroeconomic data scheduled for this week in the United States. Data points from Asia
The biggest cryptocurrency exchange has received a regulatory license to operate as a digital asset service provider in France, Bahrain, Spain, and Dubai since 2022. The Astana Financial Services Authority, or AFSA, an independent financial services regulator in Kazakhstan, has allowed the country’s largest cryptocurrency exchange, Binance, to operate. AFSA announced Monday that it had
On Aug. 15, Bitcoin (BTC) price and the wider market corrected while the S&P 500 and DOW looked to build on four-straight weeks of robust gains. Data from TradingView and CNBC show the Dow pushing through its 200-day moving average, a first since April 21 and perhaps a sign for bulls that the market has
United States-based crypto policy advocacy group Coin Center said it intended to “pursue administrative relief” for individuals affected by Tornado Cash sanctions imposed by the Treasury Department’s Office of Foreign Asset Control, or OFAC. In a Monday blog post, Coin Center executive director Jerry Brito and director of research Peter Van Valkenburgh alleged OFAC “overstepped
JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of “something worse” than a recession. “There are storm clouds,” the executive said, citing interest rates, QT, oil, Ukraine, war, and China. JPMorgan Chief Jamie Dimon’s Economic Forecasts JPMorgan’s chairman and chief executive officer, Jamie Dimon, reportedly shared his predictions
Ether (ETH) rejected the $2,000 resistance on Aug. 14, but the solid 82.8% gain since the rising wedge formation started on July 13 certainly seems like a victory for bulls. Undoubtedly, the “ultrasound money” dream gets closer as the network expects the Merge transaction to a proof-of-stake (PoS) consensus network on Sept. 16. Ether price
A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit. The latest report shows that the company has net liabilities worth $6.6 billion and total assets under management at $3.8 billion. While in their bankruptcy
Following the United States sanctioning USD Coin (USDC) and Ethereum addresses associated with the crypto mixer Tornado Cash, the signatories of the projects’ multisignature community fund havedisbanded. In 2021, the Tornado Cash community created a fund to provide incentives to key contributors to the project. The fund was held in a community-managed multisignature wallet with five
The Astana Financial Services Authority, or AFSA, an independent financial regulator in Kazakhstan, has taken a step towards licensing major cryptocurrency exchange Binance to operate in the country. In a Monday announcement, AFSA said it had granted in-principle approval toward Binance operating as a digital asset trading facility and providing custody services in the Astana
A hacker claims to have obtained the personal information of 48.5 million users of a COVID health mobile app run by the city of Shanghai, the second claim of a breach of the Chinese financial hub’s data in just over a month. The hacker with the username “XJP” posted an offer to sell the data
China has introduced rules that aim to govern how technology platforms use recommendation algorithms. It is part of a broader push from Beijing to more closely regulate China’s domestic technology sector. Thomas White | Reuters Chinese technology giants shared details of their prized algorithms with the country’s regulators in an unprecedented move, as Beijing looks
Blu Bold N2 was launched in the US on Friday. The company’s latest smartphone sports a 6.6-inch full-HD+ AMOLED display. It is powered by an octa-core MediaTek Dimensity 810 SoC, coupled with 8GB of RAM and 256GB of inbuilt storage. The handset is equipped with a quad rear camera setup with a 64-megapixel primary sensor,
The SOVA Android banking trojan is continuing to be actively developed with upgraded capabilities to target no less than 200 mobile applications, including banking apps and crypto exchanges and wallets, up from 90 apps when it started out. That’s according to the latest findings from Italian cybersecurity firm Cleafy, which found newer versions of the
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