Robinhood to launch cryptocurrency wallets as bitcoin becomes a bigger part of business

Robinhood is debuting a feature that gives traders more control over digital tokens in its latest expansion in the cryptocurrency space. The newly public brokerage is testing “crypto wallets” with select clients next month, the company announced in a blog post Wednesday. The so-called wallet will allow investors to trade, send and receive digital currencies,… Continue reading Robinhood to launch cryptocurrency wallets as bitcoin becomes a bigger part of business

U.S. Treasury sanctions cryptocurrency exchange for alleged role in ransomware attacks

The U.S. Treasury Department announced Tuesday it will sanction a cryptocurrency exchange for its alleged role in laundering ransoms for cyberattacks. It marks the first such action against a virtual currency exchange and comes after a string of cyberattacks crippled several industries and even threatened U.S. government agencies. The Treasury said ransomware payments totaled more… Continue reading U.S. Treasury sanctions cryptocurrency exchange for alleged role in ransomware attacks

It’s possible to invest in cryptocurrency in an IRA, but experts warn against it

Over the past year, interest in cryptocurrency has become much more mainstream, with the price of bitcoin, the largest by market value, surging to a record high in April. With all of the hype, you might be wondering if it’s possible — and worthwhile — to invest in cryptocurrency for retirement, specifically in your individual… Continue reading It’s possible to invest in cryptocurrency in an IRA, but experts warn against it

Ukraine is the latest country to legalize bitcoin as the cryptocurrency slowly goes global

The bill was set in motion in 2020 – and it now heads to the desk of President Volodymyr Zelensky.Until today, dealing in crypto in Ukraine has existed in a legal gray area. Ukraine is the fifth country in as many weeks to lay down some ground rules for the cryptocurrency market, a sign that… Continue reading Ukraine is the latest country to legalize bitcoin as the cryptocurrency slowly goes global

Kim Kardashian’s cryptocurrency Instagram ad sparks criticism from UK financial watchdog

The head of the U.K.’s financial watchdog singled out an Instagram ad posted by Kim Kardashian, that promoted Ethereum Max, in a speech warning of the risks of “speculative” cryptocurrency tokens. Charles Randell, chair of the U.K.‘s Financial Conduct Authority, said in a speech on Monday that Kardashian had asked her more than 250 million… Continue reading Kim Kardashian’s cryptocurrency Instagram ad sparks criticism from UK financial watchdog

Hacker behind $600 million crypto heist returns final slice of stolen funds

The hacker behind the biggest cryptocurrency heist of all time has granted access to the final tranche of stolen funds. Poly Network, a platform in the decentralized finance or “DeFi” space, was hit by a major attack this month which saw the hacker, or hackers, steal more than $600 million worth of digital tokens. The… Continue reading Hacker behind $600 million crypto heist returns final slice of stolen funds

Inside Afghanistan’s cryptocurrency underground as the country plunges into turmoil

Crypto trader and vlogger Farhan Hotak traveling to the Shah Wali Kot District in Afghanistan.Crypto trader and vlogger Farhan Hotak traveling to the Shah Wali Kot District in Afghanistan.Farhan Hotak isn’t your typical 22 year-old Afghan. In the last week, he helped his family of ten flee the province of Zabul in southern Afghanistan and… Continue reading Inside Afghanistan’s cryptocurrency underground as the country plunges into turmoil

Cryptocurrency traders seek damages from Binance after a major outage cost them millions

When Canadian cryptocurrency trader Fawaz Ahmed saw the price of ethereum dropping, he knew it was time to get out. Unfortunately for him, he couldn’t. Ahmed was trading on Binance, the world’s largest digital currency exchange by trading volume. And on May 19, Binance experienced a major outage which meant that, for about an hour,… Continue reading Cryptocurrency traders seek damages from Binance after a major outage cost them millions

Mark Cuban says he doesn’t prefer dogecoin over bitcoin, but ‘to say doge doesn’t have a place is wrong

Though the meme-inspired cryptocurrency dogecoin was created as a joke and its creators never intended for it to be taken seriously, billionaire Mark Cuban sees value in it — especially after it saw a surge of interest earlier this year. “The point about doge that people miss is that doge’s imperfections and simplicity are it’s… Continue reading Mark Cuban says he doesn’t prefer dogecoin over bitcoin, but ‘to say doge doesn’t have a place is wrong

Crypto platform hit by $600 million heist asks hacker to become its chief security advisor

The cryptocurrency platform targeted in a massive heist is now inviting the hacker behind it to become an advisor to the firm, and promising a $500,000 reward for the restoration of user funds. Poly Network, a so-called decentralized finance or “DeFi” project, was hit with a major attack last week which saw the hacker, or… Continue reading Crypto platform hit by $600 million heist asks hacker to become its chief security advisor