Monthly Archives: June 2020

Chinese Tech Group Behind TikTok Looks to Enter Finance

Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. ByteDance, the Beijing-based multinational tech group behind Tiktok, is looking into adding banking to its line of products and services. It is currently bidding for a digital bank licence in Singapore, according to the Financial Times on June 15.  Competition is stiff ByteDance is likely to compete with a few other Asian tech giants including Alibaba’s Ant Financial and electronic leader Xiaomi to obtain one of the […]

More info

Phishing Sites Use Trick Letters in Domain Names to Steal XRP

Experts from Xrplorer say that a fake XRP giveaway scam emerged in January 2020 and remains alive. Cryptocurrencies forensics experts from Xrplorer warned on June 15 of an elaborate phishing scam where hackers try to steal the secret keys of XRP users, under the false premise that Ripple is giving away tokens. According to the report, the scam campaign, whose origin dates back to approximately January 17, 2020, began sending memo messages with minimal XRP amounts that said: “Starting February 1, 2020, Ripple is releasing 3 Billion […]

More info

Bitcoin Ponzi Scammer Arrested by Jakarta Police for Sexual Assault

Russ Albert Medlin — co-founder of alleged crypto Ponzi scheme BitClub — was arrested in South Jakarta for sexual assault on minors. Russ Albert Medlin — co-founder of alleged crypto Ponzi scheme BitClub — was arrested in South Jakarta under accusation of sexual assault on minors. Local news outlet Jakarta Globe reported on June 16 that local law enforcement arrested Medlin on Monday. Jakarta Police chief Yusri Yunus explained that law enforcement received “tip-offs from the public that underage women were often seen” at his residence. When […]

More info

Limitless Bailouts: US Federal Reserve Announces Billion-Dollar Corporate Bond Purchase Program

During the last three months, the U.S. Federal Reserve has created a system of monetary avarice, as the central bank can literally do whatever it wants with zero oversight. The American public recently witnessed the Fed’s announcement on Monday, which explained the central bank will be buying individual corporate bonds on a regular basis. Moreover, the Fed’s insidious stimulus and monetary easing will not be ending any time soon. Federal Reserve Chair Jerome Powell said that America’s economic recovery requires the virus “being under control.” The Fed […]

More info

Cybercrime Up 75% During COVID-19, Congressional Hearing Details

A recent U.S. government hearing showed a significant uptick in online crime since COVID-19 took over in 2020. Giving the opening remarks during a U.S. House meeting on illegal digital activities, Representative and subcommittee chair Emanuel Cleaver (D-MO) noted a major jump for online crime in 2020. “We are seeing a 75% spike in daily cybercrimes, reported by the FBI since the start of the pandemic,â€� Cleavor said in his opening statements of the June 16 virtual hearing before the Subcommittee on National Security, International Development, and […]

More info

Former Mt. Gox CEO Mark Karpeles: Craig Wright is ‘Either a Thief or a Fraud’

Former Mt. Gox CEO Mark Karpeles insists that the 80,000 Bitcoin that Dr. Wright claims were stolen from the exchange, citing expert support. Former Mt. Gox CEO Mark Karpeles insists that the 80,000 Bitcoin (BTC) that Dr. Wright lays claim to was stolen from the exchange in March 2011. Cryptocurrency experts side with Karpeles. Bitcoins were stolen Karpeles confirmed to Cointelegraph that the Bitcoins residing at 1FeexV6bAHb8ybZjqQMjJrcCrHGW9sb6uF were stolen from Mt. Gox: “I confirm, this was confirmed in 2011 and records are also part of court documents […]

More info

Six Nigerian Citizens Added to the US Sanctions List for Cybercrimes

The U.S. Treasury added six Nigerian individuals to its sanctions list for alleged cybercrimes. The office of Foreign Assets Control of the U.S. Department of the Treasury announced on June 16 the addition of six Nigerian individuals to the sanctions list for cybercrimes. According to the official announcement, Nnamdi Orson Benson, Abiola Ayorinde Kayode, Alex Afolabi Ogushakin, Felix Osilama Okpoh, Micheal Olorunyomi, and Richard Izuchukwu Uzuh are the individuals that joined to the “OFAC’s Special Designated Nationals” list. Special cybercrime-related issues authority given to the U.S. Treasury […]

More info

$300 ETH? Ethereum Looks to Be Next Major Crypto to Follow Cardano

Ethereum price is set for a major breakout and hitting as high as $330 next shouldn’t be ruled out. Recently, several altcoins have been showing strength. A few good examples are Theta Token (THETA), Zilliqa (ZIL), and Elrond (ERD). However, the large caps are lagging heavily and the only large-cap performing well has been Cardano (ADA). As smaller cap altcoins begin to lift off, some investors might be wondering exactly what is needed for a significant surge in the large caps? Does the market need confirmation from […]

More info

Virtual Panda BTM Launched for Colombian Residents: Dispenses BTC, BCH, DAI, and Dash

The CEO of Panda Group and the founder of Colombia’s Panda Exchange and physical Panda BTM terminals, Arley Lozano, recently revealed a new product called app.pandabtm.io. The new service is a virtual automated teller machine that dispenses four types of cryptocurrencies; bitcoin cash (BCH), bitcoin (BTC), DAI, and dash (DASH). The latest effort from Panda Group is virtual Panda BTM, a “low-cost service for Colombians” looking to purchase four different cryptocurrencies. The platform accepts various Colombian payment methods like Baloto, Efecty, and PSE. Alongside this, users can […]

More info

SIM Swap Hackers Target Crypto Investors — Cell Services Not Available

Civil lawsuits against telecom providers such as AT&T are becoming commonplace as the number of SIM swap hacking scandals rises. On June 11, it came to light that California resident Richard Yuan Li had been charged with conspiracy to commit wire fraud for his role in a number of SIM swap attacks that targeted at least 20 individuals. Not only that, but as part of his elaborate money swindling scheme he also attempted to extort 100 Bitcoin (BTC) from an unknown physician in exchange for keeping their […]

More info
1 2 3 4