Bitcoin Magazine News

Ripple Can Depose SEC Official Who Ruled Ethereum Isn’t a Security: Judge

Ripple won a significant procedural victory in its fight with the Securities and Exchange Commission (SEC), which has accused the crypto payment firm and two of its [...]


15 July 2021 23:40

Thorchain Attack Drains Protocol of Estimated $7.6 Million

Editor’s note: This story has been updated to note the shifting estimates of the attack’s cost. Thorchain has been struck by an attack that has drained millions [...]


15 July 2021 22:31

GOP Congressman Reintroduces Pro-Crypto Bill—This Time with Democratic Co-Sponsors

Last September, Minnesota Congressman Tom Emmer, a Republican, introduced the Securities Clarity Act, which was aimed at providing some guardrails for cryptocurrency projects looking to stay on [...]


15 July 2021 21:31

Jack Dorsey Announces Bitcoin-Focused Business Division at Square

Twitter and Square CEO Jack Dorsey has announced plans for a “new business” charged with building a crypto development platform. In a tweet, Dorsey wrote that the [...]


15 July 2021 20:42

PayPal Ups Limits on Bitcoin Purchases to $100,000 Per Week

Online payments firm PayPal today announced it has increased the amount of cryptocurrency U.S. customers can buy via its platform to $100,000 per week. Purchases were previously [...]


15 July 2021 19:45

UK’s FCA Plans $15M Campaign Warning Young Brits Over Crypto Risks

Worried by the growing enthusiasm for high-risk investments—including crypto—among young Britons, the UK’s Financial Conduct Authority (FCA) has allocated £11 million ($15.2 million) for a digital marketing [...]


15 July 2021 17:11

US Establishes Ransomware Task Force, Considers $10 Million Bounties

The White House has a dedicated ransomware task force that would focus on combating cyberattacks and double down on tracing cryptocurrency transactions involved in them, sources told [...]


15 July 2021 15:36

Hiring of Binance U.S. CEO Created Rifts With Circle, Coinbase: Sources

Brian Brooks is a relative newcomer to the crypto world, but he has risen incredibly fast. And he has already burned some bridges along the way. After [...]


15 July 2021 15:08

Hong Kong Authorities Crack Down on $113 Million Crypto Racket 

Hong Kong Customs officials have arrested four people allegedly involved in an illegal money laundering syndicate that relied on cryptocurrency, in the first operation of its kind [...]


15 July 2021 13:03

China’s Bitcoin Mining Exodus Began Before Latest Crackdown

New research by the Cambridge Centre for Alternative Finance (CCAF) shows that China’s share of Bitcoin mining fell from an impressive 75.5% in September 2019 to 46% [...]


15 July 2021 12:37

Revolut Becomes UK’s Biggest-Ever Fintech With $800M Raise

Popular neobank and crypto trading app Revolut has raised $800 million in a round led by Tiger Global Management and SoftBank’s Vision Fund. According to a Sky [...]


15 July 2021 11:23

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