World’s largest crypto exchange hacked with possible losses of $500m
Binance, the latest crypto company to experience a targeted hack, temporarily suspends transactions and the transfer of funds
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Secret Service seizes more than 102 million dollars in crypto assets
The U.S. Secret Service is cracking down on illicit digital currency transactions, seizing more than $102 million in cryptocurrency from criminals in connection with fraud-related investigations.
Read articleNorth Korean hackers target gamers in 615m dollars crypto heist - US
The US has linked North Korea-backed hackers to a massive cryptocurrency heist worth $615m (£469m) from players of the popular online game Axie Infinity in March.
Read articleJapan orders crypto exchanges to comply with sanctions against Russia
Japanese authorities ordered crypto exchanges on Monday not to process transactions involving crypto assets subject to asset-freeze sanctions against Russia and Belarus over the war in Ukraine.
Read articleFinancial sanctions are easier than ever for Russians to evade. Thank Bitcoin
But some experts say those measures, which so far do not target Putin himself, are becoming increasingly easy to evade, thanks in part to a surge of cryptocurrency adoption in Russia.
Read articleBitcoin is largely controlled by a small group of investors and miners - study finds
Bitcoin ownership and creation is still highly concentrated
Read articleBitcoin mining company buys Pennsylvania power plant to meet electricity needs
What just happened? Crypto mining companies are continuing to find innovative solutions to power problems despite concerns regarding Bitcoin mining's immense power requirements and ecological impacts. A holding company in Pennsylvania recently purchased the financially challenged Scrubgrass power plant. The plant currently produces enough power for 1,800 Bitcoin miners, with output increases planned to support more than 20,000 miners by 2022.
Read articleTop regulators in China ban crypto trading and mining, bitcoin stumbles
China's most powerful regulators on Friday intensified the country's crackdown on cryptocurrency with a blanket ban on all crypto transactions and crypto mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.
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