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ENS Takes Legal Action Over Unstoppable Domains’ Blockchain Naming Patent
3.5.2024
Ethereum Name Service files a petition with the USPTO to challenge the validity of a patent held by Unstoppable Domains, alleging misuse of open-source technology.
The post ENS Takes Legal Action Over Unstoppable Domains’ Blockchain Naming Patent appeared first on Cryptonews
Bitcoin Price Prediction as BTC Eyes Surpassing Meta in Total Market Cap – $1 Million BTC Incoming?
14.2.2024
As of Wednesday, Bitcoin’s trading value slightly declined to $49,540, marking less than 1% decrease. This fluctuation comes amidst a backdrop of significant developments within the crypto space and broader financial markets. Notably, recent reports from the Financial Crimes Enforcement...
US Treasury Cites Rising Cryptocurrency Misuse in 2024 National Risk Assessments
9.2.2024
In its 2024 National Risk Assessments, the U.S. Department of the Treasury has unveiled the concerning trend of criminals increasingly turning to cryptocurrencies to finance illegal activities. US Treasury Reports Identify Crypto’s Role in Illicit Finance The U.S. Department of the Treasury...
Tether Freezes Tokens of Sanctioned Individuals Listed by OFAC
11.12.2023
Source: Pixabay Tether (USDT), the company behind the world’s largest stablecoin, has frozen the wallets of individuals sanctioned by the U.S. Office of Foreign Asset Controls (OFAC). In a recent announcement, the company said it aims to prevent potential misuse of its tokens and enhance...
Prosecution Rests Case, SBF to Testify this Afternoon
26.10.2023
  Bankman-Fried’s decision to testify comes after a number of his former close associates took the stand against him. Former Alameda Research CEO Caroline Ellison, FTX co-founder, Gary Wang, and head of engineering for FTX Nishad Singh, largely deflected responsibility back...
Caroline Ellison blames Sam Bankman-Fried for misuse of FTX user funds at trial
10.10.2023
Reports have suggested the former CEO of Alameda Research and SBF had largely been out of contact following the collapse of FTX in November 2022
Bankman-Fried’s House of Cards? FTX Co-Founder Gary Wang Spills the Beans on Alleged Misuse of Client Funds
7.10.2023
On Friday, FTX’s co-founder, Gary Wang, delivered a riveting testimony to federal prosecutors, alleging that CEO Sam Bankman-Fried covertly diverted billions from customer accounts to fuel trades for his hedge fund, Alameda Research. Wang detailed how Bankman-Fried allegedly instructed him...
Adobe, IBM, Nvidia join US President Biden's efforts to prevent AI misuse
13.9.2023
Adobe, IBM, Nvidia and five other companies have joined the initiative, unveiled in July, aimed at preventing the misuse of AI's capabilities for harmful purposes
UK MPs call for global alliance to tackle AI misuse
2.9.2023
This collaboration aims to collectively safeguard against actors, whether state-affiliated or not, who seek to misuse AI for their objectives
FTX Co-Founder SBF and Inner Circle Accused of Lavish Spending and Fraud in Latest Bankruptcy Report
28.6.2023
On Monday, FTX released a second investigative report accusing co-founder Sam Bankman-Fried and senior executives of commingling customer deposits and corporate funds and misusing them. The report alleges that they spent $243 million on luxury residential real estate for senior staff and family...
US Senators Demand Answers from Silvergate Capital Corp Over FTX's Misuse of Customer Funds
1.2.2023
US senators have turned their focus to Silvergate Capital Corp. yet again, saying that the company's responses to a previous inquiry over its ties to the fallen FTX exchange were “evasive and incomplete.”
According to Bloomberg, senators from both sides of the aisle are demanding to know whether...
Jack Dorsey's TBD Is Looking to Trademark 'Web5' to Deter Its Misuse
30.11.2022
The move is meant to prevent confusion about the meaning of Web5
FBI Launches ‘Virtual Asset Exploitation Unit’ With Specialized Team of Crypto Experts
19.2.2022
The Federal Bureau of Investigation (FBI) has launched a new unit to tackle crypto exploitation. The new team will work with the National Cryptocurrency Enforcement Team of the Department of Justice (DOJ) to combat “the criminal misuse of cryptocurrencies.” FBI Establishes New Crypto...
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
7.7.2021
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver...
FinCEN Names Misuse of Cryptocurrencies a National Priority
4.7.2021
The Financial Crimes Enforcement Network (FinCEN) has named “cybercrime, including relevant cybersecurity and virtual currency considerations” a national priority. In particular, the Treasury is concerned about the “misuse of virtual assets that exploits and undermines their...
Docker Changes Free-Tier Service Policy Due to Cryptocurrency Mining Abuse
15.6.2021
Docker, a popular cloud computing integration solution, is making changes to its free-tier service due to cryptocurrency mining abuse. The service discontinued its “autobuild” feature due to misuse by bad actors, using it to mine cryptocurrencies in their servers. This is a modus...
US Treasury Secretary Janet Yellen Says ‘the Misuse of Cryptocurrencies Is a Growing Problem’
12.2.2021
Janet Yellen, the new U.S. Treasury Secretary, has warned about “a growing problem” from “the misuse of cryptocurrencies.” She emphasized that “cryptocurrencies have been used to launder the profits of online drug traffickers; they’ve been a tool to finance...
US Treasury Secretary Yellen says crypto misuse is a growing problem
11.2.2021
The private sector invests enormous resources to help the government combat crypto crimes, U.S. Treasury Secretary Janet Yellen said
Australia’s Minister Admonish Against the Misuse of Cryptocurrency in Terrorism
7.11.2019
The blockchain technology is seeing its days of glory because of its open to all ledger structure that transcends borders and renders many traditional financial schools either obsolete or has flipped them upside down. Technology has found its expression through cryptocurrency, the internet...
Worldwide Whiplash! Human Traffickers Misuse Bitcoin to Hide their Hideous Crime
30.7.2019
We live in a modern world, with technology taking over almost all the aspects of our lives. Technology offers growth, comfort, and efficiency. On the one hand, where the blockchain technology offers us so many revolutionary ways to outgrow our previous successes while the same potential gets...