The Department of Justice reported yesterday that it filed a civil complaint to seize roughly $225.3 million in cryptocurrency linked to crypto investment scams. In a press release, the DOJ said it traced and targeted accounts that were “part of a sophisticated blockchain-based money laundering network” dispersing funds taken from more than 400 suspected victims […]
In a 68-30 vote on Tuesday evening, the Senate overwhelmingly passed the GENIUS Act with bipartisan support. Eighteen Democrats joined the majority of Republicans in passing the bill, which is the first to establish a federal regulatory framework for stablecoins, crypto tokens that are pegged to the value of the US dollar. In the past […]
Last year, Justin Sun was facing a federal investigation into his crypto empire, to the point that he avoided entering the US. Now, his company is going to be publicly listed on the American stock markets – and reportedly with the assistance of Eric Trump. Tron, Sun’s digital assets platform, announced on Monday that it […]
“I want to make a big announcement,” said Faryar Shirzad, the chief policy officer of Coinbase, to a nearly empty room. His words echoed across the massive hall at the Bitcoin Conference, deep in the caverns of The Venetian Expo in Las Vegas, and it wasn’t apparent how many people were watching on the livestream. […]
As the tech world has standardized on USB-C, charging your devices has become much simpler. But it’s still not simple enough. Sure, most things plug into most other things, but now you have to worry about power and data throughput, making sure that everything works properly with everything else. That’s why we’ve spent years longing […]
Two years after legal proceedings began, the SEC has formally dropped its lawsuit against Binance, the world’s largest crypto exchange. It was one of the US government’s final ongoing actions against crypto companies. Lawyers for the SEC and Binance jointly moved to dismiss the case in a filing on Thursday. It follows a 60-day pause […]
Like Amazon and Apple, Netflix is also looking to cash in on the story of how Sam Bankman-Fried and Caroline Ellison managed to steal billions from the FTX cryptocurrency exchange. Variety reports that Anthony Boyle (Tetris, Manhunt) and Julia Garner (Ozark, The Fantastic Four: First Steps) have been cast in Netflix’s upcoming drama series The […]
AI could soon surpass Bitcoin mining in energy consumption, according to a new analysis that concludes artificial intelligence could use close to half of all the electricity consumed by data centers globally by the end of 2025. The estimates come from Alex de Vries-Gao, a PhD candidate at Vrije Universiteit Amsterdam Institute for Environmental Studies […]
The Treasury said Funnull was involved in providing infrastructure for pig butchering crypto scams.
GameStop announced on Wednesday that it bought 4,710 Bitcoin, which is worth over $500 million at the time of the purchase. The video game retail chain has struggled to stay relevant in a time when digital gaming purchases are increasingly popular — plus, the company took on a new kind of notoriety when it unwittingly […]