The Quadriga cryptocurrency exchange that saw millions of dollars disappear just as its founder died was a “fraud” and Ponzi scheme, according to the Ontario Securities Commission. CBC.ca reports: The regulator said Thursday that Vancouver-based Quadriga’s late founder Gerald Cotten committed fraud by opening accounts under aliases and crediting himself with fictitious currency and crypto asset balances, which he traded with…
Tag: crypto
It Happened: Bitcoin Just Experienced Third Halving In Its History
The most anticipated cryptocurrency event of 2020, Bitcoin’s (BTC) third halving, has just taken effect. Occurring only once every four years, the latest Bitcoin mining block reward halving just reduced the Bitcoin block reward from 12.5 BTC to 6.25 BTC. Cointelegraph reports: Since the first Bitcoin block was generated back in 2009, there have been three halving events. Taking place once…
Man Sues Teenager’s ‘Crew of Evil Computer Geniuses’ Over Crypto Heist
Cryptocurrency investor Michael Terpin sued AT&T over a SIM card attack in 2018 that lost him control over $23 million. Now Bloomberg reports that he’s suing the “15-year-old hacker and his crew of ‘evil computer geniuses'” behind the attack. (Alternate source) Terpin, the founder and chief executive officer of blockchain advisory firm Transform Group, is suing Ellis Pinsky, now 18, for…
Opera To Support Sites Using the .Crypto Top-Level Domain
Opera has updated its lightweight browser for Android so that it can access unofficial .crypto domains, primarily to exchange cryptocurrency. The Register reports: Support for .crypto in Opera will “bring the blockchain-browsing experience to a new level,” the Norwegian software maker gushed on Monday. Crucially, dot-crypto simply doesn’t exist in the global domain name system, and is not recognized by DNS…
Crypto Margin Trading Challenged By US Derivatives Regulator
The main U.S. derivatives regulator is taking a significant step in defining the sometimes blurry line between cryptocurrency futures and trading in the spot market. From a report: The Commodity Futures Trading Commission this week laid out its view on what it means to take “actual delivery” of a digital asset. The long-awaited guidance is significant because it means that there…
Russia Will Ban the Issuing and Selling of Cryptocurrencies
A senior Russian official says an upcoming digital assets bill will ban the issuing and selling of cryptocurrencies. Forbes reports: “We believe there are big risks of legalizing the operations with the cryptocurrencies, from the standpoint of financial stability, money laundering prevention and consumer protection,” Russia’s central bank head of legal, Alexey Guznov, told Russia news agency Interfax this week in…
Bitcoin Drops Almost 30 Percent To Under $5,800
Draconi writes: The price of Bitcoin dropped from it’s March 6th, 2020 high of $9,126 to under $5,800 today as market sell-offs accelerated with the S&P and Dow Jones dropping 7% in early hours trading. Bitcoin, long considered to be a safe-haven during times of economic stress, currently costs at least $4,313 in electricity per coin to generate. The latest drop…
Stephen King, Elon Musk Criticize Social Media Policies
CaptainDork spotted CNN’s update about best-selling author Stephen King: “I’m quitting Facebook,” the author said on Twitter Friday. “Not comfortable with the flood of false information that’s allowed in its political advertising, nor am I confident in its ability to protect its users’ privacy….” His Facebook profile has since been deleted. King encouraged his fans to follow him on Twitter. But…
Linus Torvalds Pulls WireGuard VPN into Linux 5.6 Kernel Source Tree
“The WireGuard VPN protocol will be included into the next Linux kernel as Linus Torvalds has merged it into his source tree for version 5.6,” reports TechRadar: While there are many popular VPN protocols such as OpenVPN, WireGuard has made a name for itself by being easy to configure and deploy as SSH… The WireGuard protocol is a project from security…
Proof-of-Concept Exploits Published for the Microsoft-NSA Crypto Bug
Security researchers have published proof-of-concept (PoC) code for exploiting a recently-patched vulnerability in the Windows operating system, a vulnerability that has been reported to Microsoft by the US National Security Agency (NSA). From a report: The bug, which some have started calling CurveBall, impacts CryptoAPI (Crypt32.dll), the component that handles cryptographic operations in the Windows OS. According to a high-level technical…