Uncategorized Archives - Page 8 of 139

FridayJun 06, 2025 9:00 am

“Wrench Attacks” Characterize New Wave of Crypto Kidnappings

A disturbing case in New York has brought new attention to a violent trend in the world of crypto crime. An Italian tourist was reportedly abducted, tortured, and held for weeks by individuals who were allegedly trying to force him to give up access to his digital wallet. These kinds of crimes are being called “wrench attacks”—a term that originated from a web comic, where a character uses a simple wrench to beat a crypto holder into giving up their password, rather than relying on technical hacking. According to Ari Redbord of TRM Labs, a firm that tracks crypto-related crimes,…

ThursdayJun 05, 2025 9:00 am

Russia Considers Using Crypto to Settle Grain Export Transactions

Russia’s state-owned Agricultural Bank is exploring the use of cryptocurrency as a new way to handle international grain payments, particularly in light of ongoing sanctions. With the country expected to export nearly 50 million tons of grain this season, officials are looking at digital assets as a potential workaround to traditional financial systems that have become harder to access. Irina Zhachkina, the bank’s first deputy chief executive officer, stated during the Russian Grain Forum in Sochi, which drew in over 1,000 attendees, that it is actively collaborating with the Central Bank of Russia and other pertinent stakeholders to assess cryptocurrencies…

TuesdayJun 03, 2025 12:00 pm

Beeline Holdings Inc. (NASDAQ: BLNE) Is ‘One to Watch’

Beeline has surpassed $1 billion in loan originations and achieved 38% year-over-year growth in 2024. Beeline’s platform was created for the Gig Economy, to increase qualifications for the 75 million millennials who need a variety of fresh, friendly mortgage options under one roof. The company offers a unique tech stack, including AI chatbot Bob, the Hive engine, and BlinkQC, which drives faster and more affordable closings. Beeline is strongly positioned in DSCR and investor lending markets through strategic partnerships with platforms like Rabbu and Red Awning. The expansion of Beeline Labs and the spinout of MagicBlocks creates new SaaS-based revenue…

TuesdayJun 03, 2025 9:00 am

US SEC Dismisses its Lawsuit Against Binance

The U.S. government has officially dropped its civil lawsuit against Binance, one of the largest crypto exchanges globally. The decision, made public on Thursday, signals a shift in how the SEC is approaching digital currencies under the Trump administration. The dismissal was filed jointly by attorneys representing Binance, the SEC, and the exchange’s founder, Changpeng Zhao, in a Washington, D.C. federal court. According to the SEC, this move was made as a matter of policy and at the agency’s discretion. A spokesperson for Binance welcomed the decision, calling it a significant moment for the industry and expressing appreciation for SEC…

FridayMay 30, 2025 9:00 am

Report Shows 25% of All People Own BTC Crypto

Crypto Ownership Reaches 24% in Major Markets, Report Says Crypto exchange firm Gemini has just published its 2025 Global State of Cryptocurrency Report, highlighting a steady rise in digital currency adoption across multiple regions. The report shows that more people in the United States, United Kingdom, Singapore, and France are getting involved with crypto. In 2024, about 21% of people in these countries owned some form of cryptocurrency. That number has grown to 24% in 2025. One possible reason for the growing confidence in digital assets is the approach taken by the current U.S. administration. Since President Donald Trump began…

ThursdayMay 29, 2025 9:00 am

Sentiment Improvement Helps Bitcoin Climb to All-Time High

Bitcoin hit an all-time high in the past week, surpassing the record it set back in January. The digital asset surged to $109,760.08 before settling around $108,117, marking a 1.1% increase. This jump reflects a growing appetite for risk in the market, which had been shaken by last month’s tariff-driven dip. Several elements, including easing tensions between China and the U.S., have helped lift market sentiment. Additionally, Moody’s downgrade of United States government credit has led investors to look beyond the dollar for stability and growth—pushing more interest into digital assets like Bitcoin. Nexo co-founder Antoni Trenchev noted that with…

TuesdayMay 27, 2025 9:00 am

Trump’s Crypto Dinner Sparks Corruption Claims and Protest Firestorm

Donald Trump recently hosted a high-profile dinner event featuring the biggest investors in a crypto that shares his name, triggering criticism from political opponents and protesters alike. Critics, especially from the Democratic side, have labeled the gathering as unethical, arguing it allows wealthy individuals to gain influence over the president through financial means. One such voice, Senator Chris Murphy, denounced the dinner on social media as an example of buying access to political power. The dinner took place at a Trump-owned golf resort near Washington, D.C. Demonstrators showed up with signs with messages like “no kings,” and “stop cryptocurrency corruption”…

FridayMay 23, 2025 9:00 am

US Senate Passes the GENIUS Act to Regulate Crypto

The U.S. Senate recently voted 66-22 to move forward with the GENIUS Act, a new proposal focused on regulating parts of the crypto world. While the bill stirred debate in recent weeks, especially among Democrats skeptical of President Donald Trump’s involvement in crypto ventures, it still earned the backing of 16 Democrats, including Senators Cory Booker and Adam Schiff. At its core, the GENIUS Act aims to put clear rules in place for stablecoins, a specific type of digital currency that’s typically tied to a traditional asset like the USD. Supporters say these regulations will bring more security for users…

ThursdayMay 22, 2025 9:00 am

Coinbase Says Recent Cyberattack Cost Could Total $400m

Coinbase, the largest crypto exchange in the United States, has revealed that a recent cybersecurity breach affecting some of its users may cost the company between $180 million and $400 million. The estimated loss doesn’t include the $20 million ransom demand made by the attackers, which Coinbase firmly declined to pay. According to the company, although the hackers accessed personal details like names, home addresses, and email accounts, they did not manage to obtain login information or passwords. However, some users were tricked into transferring funds to the attackers, and Coinbase has promised to reimburse those affected. The attack involved…

TuesdayMay 20, 2025 9:00 am

France to Bolster Crypto Entrepreneurs’ Security in the Wake of Kidnappings

The French government is stepping up efforts to protect the cryptocurrency sector by introducing enhanced security measures for industry professionals and their families. Authorities are now offering crypto entrepreneurs priority access to emergency police services, in-home visits by law enforcement, and customized security briefings. France’s Interior Minister Bruno Retailleau noted that the goal is to both deter attackers and offer real protection to those operating in the digital finance space. Law enforcement personnel are also set to undergo specialized training focused on anti-money laundering within the crypto context. A longer-term initiative to elevate security practices across the sector is also…