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2 days agozycrypto
Coinbase CEO Vows to Fight for Crypto’s Success, Cites Dangers of U.S. Crypto Regulation
Brian Armstrong, the CEO and co-founder of cryptocurrency exchange Coinbase, has promised to fight to ensure that crypto succeeds in the U.S. while slamming the government’s current approach to the asset class.  In a Twitter thread, Armstrong highlighted his issues with the U.S. government’s approach to crypto. One of the U.S. government’s strongest policy arguments […]
4 days agonulltx
Top 5 Derivatives Tokens below $50M Market Capitalization to Add to Your Portfolio in September 2022
The value of an underlying asset determines the value of cryptocurrency derivatives. The main asset could be a currency, security, or commodity. In most circumstances, this would be Bitcoin, the most valuable cryptocurrency asset. Derivatives Token have a total market capitalization of $4,563,815,378 with big projects like FTX Token, Synthetix, and Serum. It has a […] The post Top 5 Derivatives Tokens below $50M Market Capitalization to Add to Your Portfolio in September 2022 appeared first on NullTX.
5 days agocointelegraph
Blockchain tech driving institutional-grade solutions: Blockchain Expo Europe
Blockchain Expo Europe 2022 in Amsterdam highlights meaningful strides in enterprise-grade blockchain solutions driven by mainstream institutions.
10 days agocryptodaily
Coinbase Now Lets Users Check Politician’s Crypto Friendliness
Publicly traded cryptocurrency firm Coinbase has integrated a ‘crypto scorecard’ on its app that ranks members of the U.S. Congress based on their crypto friendliness. Coinbase, a popular American cryptocurrency exchange, has integrated a new feature on its platform which will allow its users to see which U.S. politicians are “crypto-friendly.” Coinbase CEO Brian Armstrong announced the news on Twitter, as companies ramp up their lobbying efforts ahead of the U.S. midterm elections in November. The objective of the feature is to educate users on the positions of politicians on cryptocurrencies, based on where they live. Armstrong said: Starting today, Coinbase will begin integrating our crypto policy efforts right into our app. These will help our 103M verified users get educated on the crypto positions held by political leaders where they live. The in-app feature shows how different members of Congress measure up on their “crypto sentiment,” ranging from “very positive” to “very negative.” As it stands, the feature focuses on the United States, but Coinbase plans to expand to more regions. The initiative also plans to help solicit donations from the community. Armstrong added: Over time, we want to help pro-crypto candidates solicit donations from the crypto community (in crypto). We’ll also expand to get more geographic coverage in global elections, and add data on various candidates running for office (not just current elected officials). The data presented on the feature comes from an organisation that Coinbase has supported, called the Crypto Action Network. How The Scorecard Works The scorecard published by Crypto Action Network takes publicly available statements and actions to grade politicians. Coinbase revealed that members are assigned positive or negative points based on their performance in each category, and the resulting total score determines their overall grade. Categories include: Sponsored and/or co-sponsored legislation; Positive or negative public statements; Selected cryptocurrency votes; Positive or negative cryptocurrency-related op-eds, Positive or negative cryptocurrency Congressional letters; Crypto-caucus membership; And their willingness to host crypto-focused events and accept crypto donations to their campaigns. The feature is however only able to provide grades for half of the U.S Senate and less than a quarter of the U.S. House of Representatives “due to lack of action from members.” Coinbase said: The high number of incomplete grades demonstrates the need and the opportunity for more members of Congress to engage on cryptocurrency policy in the future,”adding, Congress needs to help secure our economic future by supporting crypto and the millions of Americans who are already investing in digital currencies. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
10 days agocoindesk
Coinbase App to Track US Politicians' Crypto-Friendliness Ahead of Midterm Elections
The cryptocurrency exchange's CEO Brian Armstrong says it will help pro-crypto candidates solicit donations from the crypto community.
16 days agocryptodaily
Coinbase Sues U.S. Treasury Over Tornado Cash
Coinbase has bankrolled a lawsuit filed against the U.S. Treasury Department and other government officials over the decision to impose sanctions on the crypto mixing tool. Government Department Sued By Users The lawsuit, filed by six Tornado Cash users, has named Treasury Secretary Janet Yellen and other individual government officials, along with the Treasury Department, over their decision to sanction the crypto mixing tool back in August. The plaintiffs include Coinbase employees and other Ethereum users like Preston Van Loon, who is claiming that the sanction is preventing him from accessing Ethereum funds worth thousands of dollars deposited with Tornado Cash. On Thursday, he tweeted, “Today I joined five other plaintiffs in challenging the U.S. Treasury’s and OFAC’s sanctions against Tornado Cash, a piece of software running on Ethereum. I did not take this decision lightly. Code is speech and free speech is a constitutional right worth protecting.” The lawsuit claims that the government does not have the authority to sanction Tornado Cash, as the motion violates the free speech and property rights of all American citizens as per the U.S. Constitution. Coinbase CEO Speaks Up According to the 20-page complaint filed in the Texas federal court, the sanction threatens the ability of law-abiding Americans to engage freely and privately in financial transactions. Coinbase CEO Brian Armstrong released a statement addressing the matter, in which he mentioned that the lawsuit has appealed to the court to remove Tornado Cash from the U.S. sanctions list. He said, “In this case, Treasury went much further and took the unprecedented step of sanctioning an entire technology instead of specific individuals…there are legitimate applications for this type of technology and as a result of these sanctions, many innocent users now have their funds trapped and have lost access to a critical privacy tool.” Future Of Open Source Tech Is At Stake The U.S. Treasury Department imposed sanctions on Tornado Cash, which is a popular mixing tool that can obscure crypto transactions. The official statement was that the tool had been specifically used by money launderers and other malicious actors (like North Korean hacker group Lazarus) to siphon away millions of dollars worth of funds. The industry is watching the matter with bated breath as its outcome could dictate the future of open-source code or decentralization technology and how much power the government can wield over them. Since cryptocurrency and blockchain technology are based on decentralization, the outcome could have severe implications on the industry for years to come. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
19 days agocryptopotato
Kryptomon to Launch an Exclusive Physital NFT Collection on Binance NFT
[PRESS RELEASE – Amsterdam, Netherlands, 6th September 2022] The blockchain game Kryptomon, a living-NFT-powered Metaverse project combining Play-and-Earn gaming with nostalgic charm, announced today its official sale on Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider. This launch features one of the world’s first “Physital NFT” collections. […]
20 days agocryptodaily
Kryptomon to Launch an Exclusive Physital NFT Collection on Binance NFT
Amsterdam, Netherlands, 6th September, 2022, ChainwireThe blockchain game Kryptomon, a living-NFT-powered Metaverse project combining Play-and-Earn gaming with nostalgic charm, announced today its official sale on Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider. This launch features one of the world's first “Physital NFT” collections. The “physital” concept comes from the merge between physical and digital. The digital items that will be included in the Mystery Box include a variety of Badges (silver, gold, platinum, and diamond) which will grant users an increased chance of obtaining Mystery Boxes in Kryptomon's monthly Treasure Hunt event along with other unique in-game enhancements, a co-branded in-game "NFT Hunter Club" hoodie that provides in-game utility for both 2D and 3D Kryptomon games, and a single Kryptomon NFT egg which will soon hatch into the buyer’s very own Kryptomon. In addition, one lucky winner will walk away with a Generation 0 Kryptomon, an ultra-rare Kryptomon of which only 100 will ever exist, currently valued at a floor price of almost $5,000! Meanwhile, the physical asset collection will include a variety of limited-edition exclusive collectibles, each with its unique serial number to prove and verify its authenticity. The physical items that buyers will receive upon purchasing the NFT Mystery Box will include a limited edition “NFT Hunter Club” Kryptomon hoodie with a serial number that matches its digital counterpart. The physical hoodie is made of premium, high-quality materials and includes customization capabilities as buyers can add patches. Other items included in the physical package are a limited edition “NFT Hunter Club” Kryptomon T-shirt, a cap, and a shopper bag. Leading the charge into “phygital” wearables, Davide Matteazzi, Kryptomon’s Chief Merchandising Officer, brings a wealth of experience from his time at various global fashion brands including Diesel and Calvin Klein Jeans. “Digital wearables have a bright future and show a clear path for NFT longevity,” says Matteazzi. Event Details The Mystery Box sale will be conducted on a first-come-first-serve basis over four different rounds and will last until the items run out of stock. The main sale will take place on the Binance NFT marketplace exclusively on the 9th of September at 10:00 UTC. Meanwhile, the secondary sale will take place on Kryptomon's own marketplace on the Kryptomon website shortly after, in an exclusive sale that will happen in three rounds. Users will get the chance to earn their place in the sale and whitelist their wallet address to participate in the exclusive sale by participating in the company's Physital NFT Celebration campaign here: Exclusive Sale on Binance NFT Marketplace All Binance users with verified KYC wallets will be eligible to purchase from the first-ever exclusive physical sale. Details of the exclusive sale: A total of 2,500 limited-numbered Physital NFTs are available. The price is $299/box Each account can purchase up to five boxes. Date: 09th September 2022 Start Time: 10:00 UTC Check out the sale on this Link Community Sale on Kryptomon's NFT Marketplace Shortly after the exclusive sale on Binance NFT, Kryptomon will launch another exclusive sale on Kryptomon NFT Marketplace in three rounds, for whitelisted wallet addresses only. Users can learn more about the sale and whitelist their wallet addresses on the company's Physital NFT Campaign page. About Kryptomon Kryptomon is a web3 gaming company. Set in the Kryptomon Metaverse, community members play as “Trainers,” taking care of their own NFT pet monsters, which have a unique and mutable genetic code of 38 randomized parameters that determine their physical and behavioral characteristics. They are capable of learning, falling sick, getting hungry, and protecting their trainers when out on an adventure in the physical world. In turn, trainers must care for, feed, and train their Kryptomon partners to grow and prepare for the battles ahead. Kryptomon aims to create the next step in the evolution of crypto and Metaverse gaming by using blockchain, digital genetics, and location-based technologies. To see how Kryptomon is creating its unique gaming universe, please visit Social links Telegram: Twitter: TikTok: Instagram: Facebook: Discord: About Binance NFT Marketplace Binance NFT, the official NFT marketplace of Binance, offers an open market for artists, creators, crypto enthusiasts, NFT collectors, and creative fans worldwide with the best liquidity and minimal fees. Consisting of three product lines: Premium Events, Mystery Box, and a marketplace. Now, Binance NFT aims to build the first and largest GameFi NFT trading platform for gaming projects via IGO (Initial Game Offering) - featuring core in-game assets from top gaming projects. ContactsCMOTomer Warschauer NuniThe Kryptomon Company [email protected]
26 days agocointelegraph
Buterin and Armstrong reflect on proof-of-stake shift as Ethereum Merge nears
Two influential figures in the cryptocurrency space unpack their individual journeys to understanding the promise of proof-of-stake as The Merge approaches for Ethereum.
31 day agocryptopotato
BitBoy Crypto Drops Defamation Lawsuit Against Atozy After Backlash
The defamation lawsuit may have backfired for Armstrong even before it actually hit the courtroom.
32 days agocointelegraph
Coinbase eyes long-term growth of subscription revenue, NFTs still a focus
Coinbase CEO Brian Armstrong says the exchange has been building subscription revenue streams for three years and will continue to do so into the long term.
32 days agocryptodaily
Power of Crypto Twitter forces Bitboy to drop lawsuit
Crypto Twitter rallied around youtuber Atozy and raised roughly $200,000 for his defence against a lawsuit brought by Bitboy Crypto. Bitboy announced in a livestream of his show yesterday that he would now drop the defamation lawsuit. A powerful community unites The Crypto community is a powerful one when roused, and when it perceives that an injustice is taking place there is no stopping it. Many donated to a Gofundme campaign in which $53,000 was reached, and this was added to with $100,000 from crypto personality Cobie, plus other donations which came to a grand total of around $200,000. The name ‘Bitboy’ was the highest ranking search term on Twitter yesterday, while there are already more than 20,000 tweets using the term today. Lawsuit dropped Bitboy, aka Ben Armstrong, streamed a live YouTube video on Wednesday, in which he announced that he was dropping his defamation case against Atozy. He said that he had phoned his lawyer 15 minutes before going on air to inform him that he was not going ahead with the lawsuit. The influencer said that he “was just trying to do the right thing”, and he admitted that Atozy had won and that he was the loser, but he wanted Atozy to take “the wrong parts” out of the video. He said of the video: “I’m not suing someone over their opinion. I’m not suing someone because they bad-mouthed me. If I did that I would have non-stop lawsuits going around the clock. This was one that ‘we’ felt like was very, very damaging to ‘us’ long term” Opinion No doubt Armstrong will be hoping that this will now all go away. The amount of damage done by the bad press from the lawsuit can only be guessed at, and it may indeed take a long time before the crypto community restores trust. Foisting a lawsuit onto a fellow youtuber who could ill afford to defend himself is one thing, and demanding $75,000 in reparation for “emotional distress” is another. Bitboy has learned a very valuable lesson and it is hoped that he will take it extremely seriously. Bridges need to be rebuilt and this can only be done by espousing complete transparency in all dealings with third parties. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
32 days agozycrypto
‘We Expect The Crypto Bear Cycle To Last For 12-16 Months’ — Coinbase CEO Armstrong
Coinbase CEO Brian Armstrong foresees the ongoing crypto winter crossing over into 2023 as fears of a further meltdown by markets across the board surge.
32 days agocointelegraph
'Atozy you've won' — Bitboy drops lawsuit after $200K defense raised
“So we are gonna drop the lawsuit, 100% and I'm sorry this became public,” said Ben Armstrong.
32 days agocryptopotato
This is How Long Coinbase CEO Thinks the Crypto Bear Market Will Last
Armstrong hinted that the bear market might last for up to 18 months, assuring that Coinbase is ready to cope with the adverse situation.
32 days agocryptodaily
$100k donation helps YouTuber defend Bitboy Crypto case
UpOnly podcast host Cobie has donated $100,000 to YouTuber Atozy so that he can defend himself in a defamation case brought by well known crypto influencer Bitboy Crypto. Crypto influencer sues youtuber Bitboy Crypto, the multi-millionaire crypto influencer, is suing a YouTuber for a YouTube video that was posted nine months ago, in which he labelled Ben Armstrong (Bitboy Crypto) as a “dirtbag” and a “scammer”. The lawsuit brought by Armstrong is asking for $75,000 in damages. In a video posted today, Atozy stated that Armstrong is suing for: “defamation, defamation per se, intentional infliction of emotional distress, negligent infliction of emotional distress, tortious interference with business relations or potential business relations, violation of uniform deceptive practices act, and violation of fair business practices act.” In a Twitter post, Atozy gave some short details on the subject: Atozy also added a tweet in which he said he would be “crowdfunding” in order to try and defend himself in the case, and he made it clear that he would donate any money left over to charity because he had “no interest in profiting from [his] community.” Armstrong’s crisis of conscience Around two weeks ago, an article was published on CNBC in which certain influencers were examined for their alleged promotion of fraudulent enterprises. The article started off by featuring Armstrong and examining his payments from crypto companies that paid him to “tout” their products to his enormous viewership on YouTube. Armstrong was quoted by the article as saying that he could easily make more than $100,000 a month just through “promotions”. However, the article stated that Armstrong had had a “crisis of confidence” in relation to this business practice. "Ben Armstrong says his crisis of conscience came in January of this year, when he realized he had to stop a business practice he — and a lot of other people in his line of work — had been engaged in for years." He also appeared to express remorse over losses taken by his followers through his promotions: “Armstrong now says he feels responsible for the losses suffered by his followers. “I mean, of course, I do,” he said. “I hate it when we talk about stuff that didn’t do well.” Armstrong sues and Cobie funds the defence Nevertheless, Armstrong has decided to sue fellow youtuber Atozy for referring to a promotion of his for a crypto project called PAMP. The Atozy YouTube video which is cited by Armstrong, features him promoting the project. Cobie, the host of the UpOnly podcast, responded to the Atozy tweet telling of the lawsuit, and said that he would send $100k. Reportedly $100,000 did appear in Atozy’s wallet, and Cobie did confirm later that he had sent it. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
32 days agocryptosrus
BitBoy Crypto sues fellow YouTuber Atozy for defamation over shilling claims
Covered: Bitboy Sues Fellow YouTuber Bitboy Sues Fellow YouTuber Two prominent YouTube content creators are set to lock horns in a legal battle over a cryptocurrency video allegedly promoting a project that ended up being a scam. Bitboy Crypto, a YouTube channel founded by Ben Armstrong, produces a variety of content focused on cryptocurrency news, […] The post BitBoy Crypto sues fellow YouTuber Atozy for defamation over shilling claims appeared first on CryptosRus.
33 days agocryptodaily
Bitfinex To Offer ETH Split Tokens, Crypto Daily TV 24/08/2022
In Todays Headline TV CryptoDaily News: Bitfinex offers new chain split tokens ahead of Ethereum Merge. iFinex, the company responsible for Bitfinex Derivatives, announced the launch of a new service offering available to users before the highly-anticipated Ethereum Merge. The exchange now offers Ethereum Chain Split Tokens. Bitcoin, Ether gain with most of crypto top 10. Bitcoin gained along with most other top 10 tokens by market capitalization in trading in Asia, though Ether was the pace leader with the larger climb. Coinbase CEO says crypto exchange has ongoing plans to cut costs. Coinbase is taking a close look at where it can cut costs as industry and economic challenges continue, CEO Brian Armstrong said. Coinbase shares have lost more than 70% of their value this year as the company has grappled with a “crypto winter” tied to the plummeting of bitcoin and ethereum. BTC/USD gained 0.3% in the last session. The Bitcoin-Dollar pair rose 0.3% in the last session after gaining as much as 1.2% during the session. The Ultimate Oscillator's positive signal contradicts our overall technical analysis. Support is at 20660.3333 and resistance at 21894.3333. The Ultimate Oscillator is giving a positive signal. ETH/USD exploded 1.2% in the last session. The Ethereum-Dollar pair skyrocketed 1.2% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 1500.051 and resistance at 1690.511. The Ultimate Oscillator is currently in the positive zone. XRP/USD saw a minor rise of 0.1% in the last session. The Ripple-Dollar pair made a minor upwards correction in the last session, rising 0.1%. The Stochastic indicator is giving a negative signal. Support is at 0.3266 and resistance at 0.3539. The Stochastic indicator is currently in the negative zone. The last session saw LTC fall 0.4% against USD. The Litecoin-Dollar pair fell 0.4% in the last session. The CCI is giving a positive signal, going against our overall technical analysis. Support is at 50.5733 and resistance at 60.7333. The CCI is currently in positive territory. Daily Economic Calendar: US Durable Goods Orders The Durable Goods Orders measures the cost of orders received by manufacturers for durable goods, which means goods which should last three years or more, excluding the transport sector. The US Durable Goods Orders will be released at 12:30 GMT, the US Nondefense Capital Goods Orders at 12:30 GMT, Finland's Producer Price Index at 05:00 GMT. US Nondefense Capital Goods Orders The Nondefense Capital Goods Orders measures the cost of orders received by manufacturers for capital goods, which are durable goods used in the production of goods or services. FI Producer Price Index The Producer Price Index measures the average changes in prices in primary markets by producers of commodities in all states of processing. DE 10-y Bond Auction The auction sets the average yield on the bonds auctioned off. Yields are set by bond market investors, and therefore they can be used to estimate investors' outlook on future interest rates. Germany's 10-y Bond Auction will be released at 09:30 GMT, Japan's Foreign Bond Investment at 23:50 GMT, Japan's Foreign Investment in Japan Stocks at 23:50 GMT. JP Foreign Bond Investment The Foreign Bond Investment refers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. JP Foreign Investment in Japanese Stocks Securities investment referrers to bonds issued in a domestic market by a foreign entity in the domestic market’s currency. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
33 days agocoindesk
YouTuber vs. YouTuber: BitBoy Crypto Sues Atozy for Defamation
Ben Armstrong, known as BitBoy Crypto on YouTube, filed a defamation lawsuit against Erling Mengshoel, Jr., aka Atozy, for comments made in a video last November. Armstrong alleges he sustained damages in excess of $75,000.
33 days agocryptodaily
Crypto Community Protests Arrest Of Tornado Cash Developer
The arrest of Tornado Cash developer Alexey Pertsev in the Netherlands has resulted in widespread protests in the community. #FreeAlex Snowballs Roughly a week earlier, Dutch law enforcement authorities arrested one of the developers of the infamous Tornado Cash app, Alexey Pertsev, on charges of fraud and asset confiscation. The Dutch Fiscal Information and Investigation Service (FIOD) arrested Pertsev in Amsterdam as they suspected him of being involved in hiding illicit funds and facilitating money laundering through the app that he created. However, the move has severely angered the community, which is now banding together to arrange for Pertsev’s release. Protestors, especially in Amsterdam, have claimed that the arrest indicates that governments are fixating on restraining the entire open source software segment. The protests have now snowballed into online petitions and campaigns raising awareness on the matter to preserve the “fundamentals of cryptocurrency” and seeking the immediate release of Pertsev from custody. A petition to #FreeAlex currently crossed over 2000 signatures out of its quota of 2500 and is continuing to garner support from the community. “Code Is Not A Crime” One of the main points of arguments put forth by the protesters is that “code is not a crime.” In the United States, code is considered to be under the free speech protection of the First Amendment to the country’s constitution. In Europe, the matter is still not fully fleshed out. Responding to the claims of the protesters, the FIOD pointed out that individuals behind decentralized autonomous organizations (DAO) have profited largely from illicit money laundering incidents. However, they have not clarified if they suspected Pertsev to be involved in such an arrangement. Hoskinson On Tornado Cash Ban The arrest happened soon after the U.S. Treasury Department had announced a blanket sanction on the Tornado Cash app, which functions as a mixer tool to obfuscate the origin and transfer of crypto funds. In fact, according to a Treasury official, the mixer tool has been used explicitly by North Korean hacker group Lazarus and was responsible for siphoning away over $7 billion of digital assets since 2019. More recently, Cardano founder and crypto expert Charles Hoskinson shared his two cents on the Tornado Cash matter, which is relevant to Pertsev’s arrest. According to Hoskinson, banning Tornado Cash sets a dangerous precedent as it sends the message that creators and developers have to be held responsible for the use of their code. He said, ​​“When we write code, it’s an expression. As long as we don’t get involved in the running and use of that code for purposes, we’re just writing it, it’s like writing a book...Now in a free society, we generally allow people to do these types of things, and it’s deeply uncomfortable when they start saying no.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
34 days agocryptopotato
Bitcoin 2022 Launches First European Event: Bitcoin Amsterdam
[PRESS RELEASE – Please Read Disclaimer] Organizers of Bitcoin 2022 promise “No region left behind” as it targets Hyperbitcoinization in Europe Bitcoin Magazine, organizers of the world’s largest and longest-running Bitcoin conference, Bitcoin 2022, today announces, in collaboration with Amsterdam Decentralized and Westergas, the launch of its first European-focused event, Bitcoin Amsterdam. The conference runs […]
37 days agocoindesk
#FreeAlexPertsev: Protests Planned for Amsterdam Following Tornado Cash Developer’s Arrest
The jailed Tornado Cash developer has sparked controversy in crypto. Should open source contributors be held accountable for what others do with their creations?
37 days agocryptodaily
US Extradites Russian On Money-Laundering Charges
The Russian national, who was extradited from the Netherlands, has been accused of money laundering in the Ryuk ransomware case. Russian Accused Pleads Not Guilty 29-year-old Denis Mihaqloviv Dubnikov has been extradited by the U.S. Department of Justice for his association with the Ryuk ransomware exploits, where the attackers allegedly laundered ransom payments extracted from the victims. The Russian citizen, who was in Amsterdam where Dutch police arrested him on U.S. charges of conspiracy to launder money, has been extradited to Portland, Oregon, where he appeared in federal court for the trial that will start this October. Dubnikov has pleaded not guilty to all the charges and was granted temporary release on conditions of monitoring of computer activity. According to the DoJ’s statement, a guilty conviction would earn Dubnikov a sentence of maximum 20 years behind bars. More On Ryuk Ransomware Attack The Justice Department also detailed the modus operandi followed by Dubnikov and his co-conspirators. According to them, the malicious actors would allegedly engage in various financial transactions, including international ones, to hide the nature, source, location, ownership, and control of the funds received. The hackers use Ryuk ransomware software to infiltrate private servers, encrypt files, and damage system backups unless the victims pay them the ransom amount in Bitcoin to a specific wallet address. The allegations claimed that the entire conspiracy resulted in money laundering of over $70 million in ransom proceeds, with Dubnikov allegedly laundering more than $400,000 of them. Ransomware attacks have been one of the major cybersecurity threats that have plagued the Biden administration, with the North Korean hacker group Lazarus being the chief mastermind behind most of these in 2021. U.S. Tightens Crypto Sanctions Due to the magnitude of the case, multiple agencies are working on it. It is under investigation by the FBI’s Portland Field Office, and the Office of International Affairs coordinated with the Ransomware and Digital Extortion Task Force to facilitate the extradition. The U.S. government and its associated bodies are coming down hard on any hint of malpractice in the crypto industry. Most recently, the U.S. Treasury Department issued a ban on the crypto mixer tool, Tornado Cash, for its role in aiding Lazarus in siphoning off millions of dollars from U.S. entities. A week ago, Dutch authorities even arrested an unidentified individual on charges of using Tornado Cash to hide financial transactions. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
38 days agocryptopotato
Coinbase CEO Would Shutdown ETH Staking Service if Asked to Bend to Regulators
Brian Armstrong said his company wouldn't use staked ETH to censor the Ethereum protocol.

About MustangCoin

The live price of MustangCoin (MST) today is ? USD, and with the current circulating supply of MustangCoin at 630,343.24 MST, its market capitalization stands at ? USD. In the last 24 hours MST price has moved -0.012929 USD or -0.30% while 0.014656 USD worth of MST has been traded on various exchanges. The current valuation of MST puts it at #0 in cryptocurrency rankings based on market capitalization.

Learn more about the MustangCoin blockchain network and how it works or follow the price of its native cryptocurrency MST and the broader market with our unique COIN360 cryptocurrency heatmap.

MustangCoin Price? USD
Market Rank#0
Market Cap? USD
24h Volume? USD
Circulating Supply630,343.24 MST
Max Supply3,000,000 MST
Yesterday's Market Cap18.7347 USD
Yesterday's Open / Close0.04265 USD / 0.029722 USD
Yesterday's High / Low0.138803 USD / 0.010492 USD
Yesterday's Change
-0.30% ( 0.012929 USD )
Yesterday's Volume0.014656 USD
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