Bitcoin ATM maker General Bytes says it is reimbursing cloud-hosted customers who lost funds in a “security incident” in March that saw customers’ hot wallets accessed. As previously reported by Cointelegraph, the ATM manufacturer issued a statement about the security…
Today, the US Commodity and Futures Trading Commission (CFTC) filed a lawsuit against crypto exchange Binance and its CEO, Changpeng “CZ” Zhao. The regulator has accused executives and companies of allegedly violating the country’s trading rules. In an official blog…
Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers who continued to make loan payments despite ceasing trading on November 10 last year. According to a March 27 statement from California’s financial watchdog, the Department…
Polygon Labs recently made a major announcement that will positively impact the future of the Ethereum network. The protocol has launched Polygon’s zero-knowledge proof Ethereum Virtual Machine (zkEVM) on the Beta mainnet, a permissionless and public network that allows users…
Profits earned by staking cryptocurrency should not be considered a taxable event. It only makes sense to tax such benefits when converted into legal tender currency. To do otherwise undermines the marquee environmental policies of the administration of United States…
It’s no secret that the bear market has affected every part of the crypto industry. The attack has seen top cryptocurrencies and NFTs drop drastically from their 2021 highs, and are now trading at a small percentage of their value.…
Binance CEO Changpeng ‘CZ’ Zhao has denied the allegations from the Commodities Futures and Trading Commission complaint, arguing the company “does not trade for profit or ‘manipulate’ the market under any circumstances.” The chief executive shared his first official response…
The CFTC’s lawsuit details how the company allegedly offered unregistered commodity derivatives to American customers. The Commodity Futures Trading Commission has sued Binance, the world’s largest cryptocurrency exchange by volume, and its CEO Changpeng Zhao, alleging that the company offered…
Amid the recent crypto market recovery, MicroStrategy, a business intelligence software company known in the crypto community for its Bitcoin (BTC) accumulation, has announced its first Bitcoin purchase of the year. In addition to the latest acquisition of Bitcoin, the…
The United States Commodity Futures Trading Commission (CFTC) filed charges against Binance on March 27 for violating the Commodities Exchange Act and CFTC regulations. The violation involved transactions with Ether (ETH), according to the suit. This statement, at first glance,…