On Wednesday, the U.S. Securities and Exchange Commission (SEC) said that it has filed charges against the eight people involved in the $45 million cryptocurrency Ponzi scam Coindeal. The securities commission described Coindeal as a blatant and far-reaching unregistered offering scam undertaken between at least 2018 and 2022. It was
Last week, the Thai Securities and Exchange Commission (SEC) announced the opening of “Crypto Academy.” An initiative to make available educational materials and training programmes on cryptocurrency and related topics. The regulator said that the program’s goal is to educate the public about digital assets and blockchain technology. So that
From December forward, hackers blocked access to the digital medical records of the Saint Gheorghe Recovery Hospital in Botoşani, Northeastern Romania. And demanded payment in crypto for unlocking them. Local news source Monitorul de Botoşani claimed on Tuesday, citing the English-language website Romania Insider, that hackers had compromised the servers,
The Ferrari racing division, known as Scuderia Ferrari, has severed ties with its cryptocurrency sponsor, joining a growing number of Formula One racing teams doing so. Ferrari lost $55 million after terminating its multi-year collaboration arrangements with Velas Blockchain and chip manufacturing giant Snapdragon in preparation for the 2023 season.
Following the backing of Elon Musk’s purchase of Twitter, investment company Fidelity has written down the value of its original share in the social media site. Fidelity Blue Chip Growth Fund has reduced the carrying value of its Twitter investment by more than 50 percent, as reported in a November
Cryptocurrency miners in Kazakhstan have been subject to a progressive scale. For the calculation of their monthly power fees as of January 1. The first universal fee, implemented in the summer of 2021, was 1 Kazakhstani tenge ($0.002) per kilowatt-hour (kWh). But it may currently exceed 25 tenge (above $0.05).
This first week of 2023 has been particularly intense for Bitcoin’s computing power, as it set a new milestone and ushered in the year by shattering its previous high point. On 7 January, Bitcoin’s hashrate was reported to be 290 EH/s, having already reached an ATH the day before. ATH
The U.S. jobless rate reportedly hit a 50-year low of 3.5% in December. Predictions anticipated it maintaining its pre-recession high of 3.7%, so this is a decrease from that. But, hiring slowed quite a little as the year came to a close. Even if the job outlook is bright according
The National Cyber Crime Unit (NCCU) Crypto Cell is a new unit of the UK’s National Crime Agency (NCA) tasked with proactively investigating cryptocurrency-related crime. The NCA has announced that the inaugural squad would consist of five officers working out of the NCCU. While the NCA’s interest in combating crypto
Amid growing economic uncertainty, Amazon froze new hires at the start of Q4 2022. Following that, rumors spread that the tech behemoth planned to lay off more than 10,000 workers. Employees in the devices division, human resources, and retail were disproportionately affected. A recent article in The WSJ cited unnamed
