SEC warns public against crypto investment firm SOS Ventures

The Securities and Exchange Commission has warned the public against investing in SOS Ventures which has been illegally soliciting funds with the promise of high returns using cryptocurrency. Based on information gathered by the SEC from the Facebook page of SOS Venture, the entity operated by its CEO/owner Deonnar David has been inviting the public […]

Indonesian student’s selfies fetch $1 million in NFT sales

An Indonesian college student has become an internet sensation after trade in the digital rights to his selfies fetched more than $1 million on a platform for non-fungible tokens. Sultan Gustaf Al Ghozali, who studies computer science at a university in the central city of Semarang, has taken a picture of himself sitting in front […]

North Korean hackers stole $400M in crypto in 2021: Chainalysis

North Korean hackers stole around $400 million worth of cryptocurrency through cyberattacks on digital currency outlets last year, blockchain data platform Chainalysis said on Thursday. Pyongyang is under multiple international sanctions over its atomic bomb and ballistic missile developments but analysts say the North has also built up its cyber capabilities with an army of […]

Dorsey fintech firm Block wants bitcoin mining for all

Jack Dorsey on Thursday announced that his digital payments firm Block is building a system to make it easier for people to mine bitcoin. Dorsey said in a tweet that Block, formerly known as Square, is “officially building an open bitcoin mining system,” following through on an idea floated publicly late last year. In November, […]

Bitcoin slides below $40,000, lowest for 3.5 months

Bitcoin slid below $40,000 on Monday, falling to its lowest level since the end of September as the world’s leading cryptocurrency showed no end to its volatility. Bitcoin dropped to $39,663.18, down from a record high of above $66,000 in October. After taking a tumble Monday, it recovered some ground, rising to $41,198. Its recent […]

Record year for illegal cryptocurrency payments: study

Cryptocurrency-based crime hit a record high in 2021 as overall legal payments also reached an all-time peak, data group Chainalysis revealed on Thursday. Criminal transactions, involving bitcoin and its peers, totalled $14 billion, up 79 percent from 2020, according to the group’s analysis. Total cryptocurrency payments meanwhile rocketed 567 percent to $15.8 trillion year-on-year, Chainalysis […]

Tiu family enters the world of cryptocurrency, NFT

Luxury resort developer Discovery World Corp.is dabbling in cryptocurrency, hoping to cash in on the massive interest in NFTs (non-fungible tokens). The DWC board led by bilyonaryo John Y. Tiu Jr. has approved a P4.2 million investment in True Ally Ventures Ltd., a company registered in the British Virgin Islands which will venture into the […]

‘Squid Game’, Alec Baldwin among top Google searches

Google said Wednesday its most popular search terms in 2021 include “Squid Game,” Alec Baldwin and the cryptocurrency Dogecoin. Sports were also big on the platform: the top eight search terms had to do with cricket, the NBA and international football tournaments like Euro 2021, Google said. The wildly popular and uber violent Netflix series […]

Cryptocurrency giants tell Congress they are open to regulation

Representatives of major cryptocurrency firms told US lawmakers on Wednesday that they are open to strengthening regulation of the emerging sector. In the first hearing of its kind before the House Committee on Financial Services, Alesia Haas, CEO of the Coinbase exchange, called for the government to develop “a new comprehensive framework that recognizes the […]