Crypto scams involving Bitcoin ATMs explode by 1,000% since 2020 — FTC

A coalition of crypto firms has urged Congress to press the Department of Justice to amend an “unprecedented and overly expansive” interpretation of laws that were used to charge the developers of the crypto mixer Tornado Cash. A March 26 letter signed by 34 crypto companies and advocate groups sent to the Senate Banking Committee

Albania passes new comprehensive law written by the Minister of Finance and Economy to regulate crypto activities. 2706 Total views 70 Total shares Albania’s Parliament signed a bill into law on May 21 plenary session a legal framework for cryptocurrencies.The law, "On Financial Markets Based on the Technology of Distributed Ledgers," first appeared before the…

Distributed ledger technology, colloquially termed “blockchain,” is making a bold promise to help bring the trade industry into the digital age. To help shed light on the intricate workings of the technology and the role that it is playing in the international trade industry, Trade Finance Global partnered up with the World Trade Organization earlier…

Ethereum 2.0 will eventually facilitate up to approximately 100,000 transactions per second. 984 Total views 20 Total shares Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin. Vitalik says the transition will not be instant"ETH2 scaling for data will…

The Finnish Financial Services Authority (FIN-FSA) has officially registered LocalBitcoins as a virtual currency provider, starting at the beginning of November 2019. Finland only allows officially registered providers who fulfill the legal requirements to operate in the country.A safe pair of handsIn order to receive the registration, LocalBitcoins had to prove to the FIN-FSA that…

A new extortion scam targeting website owners serving banner ads through Google's AdSense program has begun circulating the Internet. The malicious scheme demands Bitcoin (BTC) in exchange for preventing an attack, which would purportedly lead to the users’ AdSense account suspension.The email-based extortion scheme was reported by security news and investigation blog KrebsOnSecurity, on Feb.…

Cardano founder Charles Hoskinson is optimistic about the future of crypto despite the setbacks, and anticipates a high rate of Cardano adoption in Africa this year. 434 Total views 4 Total shares Own this piece of history Collect this article as an NFTCharles Hoskinson, the co-founder of Ethereum and founder of Cardano, joins Elisha Owusu…

The latest analysis by research firm Gartner has painted a mixed picture of the benefits that blockchain-based smart contracts can offer enterprises.While the study, published Jan. 30, concluded that smart contracts would be overall net positive for business, Gartner warned that the terms and conditions set for smart contracts could limit the availability of data…