The U.S. Department of Justice announced the sentencing of Jessica Leeann Sledge of Pelahatchie, Mississippi, to ten years in prison on Monday for allegedly attempting to hire an assassin through a darkweb website using Bitcoin. Sledge was sentenced to the statutory maximum of 120 months in prison for “using interstate commerce facilities in the commission of a murder-for-hire,” according to…
Two crypto founders were sentenced to federal prison Monday for scamming investors out of $1.9 million. According to a release published by the U.S. Attorney’s office in California, Jeremy McAlpine and Zachary Matar have been convicted of securities fraud and sentenced to 3 years and 2.5 years in prison, respectively. During the crypto ICO craze of 2017, McAlpine and Matar…
The Nomad token bridge appears to have experienced a security exploit that has allowed hackers to systematically drain the bridge’s funds over a long series of transactions. Nearly the entire $190.7 million in crypto has been removed from the bridge, with only $651.54 left remaining in the wallet, according to decentralized finance (DeFi) tracking platform DeFi Llama. Nomad bridge is getting drained,…
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly raised more than $300 million from millions of retail investors worldwide, including in the U.S. SEC Takes Action Against Forsage Crypto Scheme The U.S. Securities and Exchange Commission (SEC) announced…
In brief Lime and Salesforce denied having a current relationship with Helium, despite their logos appearing on the Helium website. The founders of the Helium crypto-powered wireless network said they will be more diligent in marketing brand partners. Helium is developing one of the more unique blockchain use cases out there, with its user-powered wireless networks incentivized by crypto tokens.…
This is an opinion editorial by Aleks Svetski, author of “The UnCommunist Manifesto,” founder of The Bitcoin Times and Host of the “Wake Up Podcast with Svetski.” Almost 175 years have passed since “The Communist Manifesto” was published and circulated by Karl Marx and Friedrich Engels. Some statistics point to it being one of the most widely-read and distributed works…
The sales volume of the CryptoPunks NFT collection has spiked over 248% in the last 24 hours, sparked by an exclusive offer from iconic luxury jewelry and specialty retailer Tiffany & Co. for CryptoPunks NFT holders, according to data from CryptoSlam. “We’re taking NFTs to the next level,” Tiffany wrote on Twitter on Sunday. “Exclusive to CryptoPunks holders, NFTiff transforms…
The cryptocurrency payroll service Bitwage announced on Monday that the company has partnered with the digital currency wallets Casa and Edge Wallet in order to “bring bitcoin payroll to mainstream audiences.” Now Edge Wallet and Casa users can connect to the Bitwage platform’s services via a deep link or QR code. Crypto Payroll Company Bitwage Partners With Casa and Edge…
As Ethereum takes its final steps toward the merge—the network’s much-hyped move to proof of stake—an influential crypto miner is looking to create a movement to resist that transition. Chandler Guo, a well-known Chinese crypto miner, has launched a campaign to fork the Ethereum blockchain and create a spinoff, proof-of-work version, according to a Twitter post last week. In Ethereum’s…
Colombia’s government has launched a partnership with Ripple Labs, the company behind the cryptocurrency XRP, to put land titles on the blockchain, part of a plan to rectify land distribution efforts so unfair they’ve led to decades of armed conflict. The project, built by blockchain development company Peersyst Technology and Ripple, will permanently store and authenticate property titles on Ripple’s…
