The FBI has issued a public service announcement (PSA) warning on the utilization of play-to-earn games as part of a scheme to defraud users of funds stored in the form of cryptocurrency. Criminals are introducing victims to this kind of game and then use malware to extract the funds fromContinue Reading
As the underlying issues in our economy are exposed by recent banking failures, Bitcoin stands as a trustless, alternative money. This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.Continue Reading
Wasabi Wallet’s WabiSabi protocol is designed to eliminate change outputs from CoinJoins, better protecting Bitcoin users’ privacy. This is an opinion editorial by Thibaud Maréchal, a contributor to privacy-focused Bitcoin wallet project Wasabi Wallet. Much ink has been spilled on the privacy horrors of change outputs for Bitcoin. It isContinue Reading
The bitcoin price rocketing to $24,000 amidst the banking crisis is reflecting the world’s need for a sound money alternative. Bitcoin remained resilient in the face of a very hesitant market Monday morning, surging past $24,000. Despite fears that the cryptocurrency industry is being cut off from banking, bitcoin isContinue Reading
A joint statement ensured that all customer deposits at the respective banks will be honored by the federal government. The U.S. Treasury, Federal Reserve, and the Federal Deposit Insurance Corporation (FDIC) announced on Sunday that they would take “decisive actions” to strengthen public confidence in the U.S. banking system. ThisContinue Reading
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department, and FDIC explained thatContinue Reading
Crypto exchange Binance has organized training courses for representatives of law enforcement authorities in Ukraine. The leading coin trading platform has been involved in dozens of similar initiatives over the past year, in a number of countries. Binance Provides Crypto Training to Security Officials in Ukraine The world’s largest digitalContinue Reading
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look at whatContinue Reading
The U.S. Federal Deposit Insurance Corporation (FDIC) began an auction process for Silicon Valley Bank (SVB) late Saturday night, according to reports. Final bids are due by Sunday afternoon. Unnamed sources indicate that the FDIC is seeking to close the deal promptly after California regulators closed the bank and placedContinue Reading
U.S. Treasury Secretary Janet Yellen has ruled out a government bailout of the collapsed Silicon Valley Bank (SVB), which was shut down by regulators on Friday. Yellen explained that the reforms put in place after the 2008 financial crisis were aimed at preventing the need for government bailouts. Government NotContinue Reading
