Cryptocurrency & Mining News - Page 1

The latest and most important Cryptocurrency & Mining news.

SEC accidentally leaks 500+ cryptocurrency miner names and email addresses

Jak Connor | Jan 18, 2023 7:03 AM CST

A new report claims the US Securities and Exchange Commission (SEC) has accidentally leaked the personal information of many cryptocurrency miners.

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The claims come from the Washington Examiner, which published a report that stated it had seen screenshots of the SEC failing to bbc all of the people involved in its investigation into the blockchain company, Green. As the report states, the SEC has been privately investigating Green for years and communicated with many of its members that cooperated with the regulatory body. Green's users answered all of the SEC's questions, and on January 6 the regulatory body failed to bbc all 650 users in an email, leaking their personal information online.

Notably, the information that was leaked contained personal data such as names, email addresses, and more. Cryptocurrency enthusiasts have said that the leaked information is more than enough for a hacker to access the "nodes", or computers used to mine the Green cryptocurrency token. These nodes are used to verify transactions of the coin across the network, and according to crypto enthusiasts, they are now compromised.

Continue reading: SEC accidentally leaks 500+ cryptocurrency miner names and email addresses (full post)

SEC slaps charges onto FTX founder Sam Bankman-Fried hours after his arrest

Jak Connor | Dec 13, 2022 7:03 AM CST

The United States Securities and Exchange Commission (SEC) has announced it will be filing charges against FTX founder and former CEO Sam Bankman-Fried (SBF).

The announcement from the SEC comes shortly after Bahamian law enforcement revealed that SBF had been arrested, which was confirmed by the US Attorney's Office Southern District of New York. The arrest by Bahamian authorities was done at the request of the US government, with Bahamas Attorney General (AG) and Minister of Legal Affairs, Ryan Pinder, adding that if the US requests extradition, the Bahamas will respond "promptly".

Notably, Bahamian prime Minister Philip David said that both countries have a "shared interest in holding accountable all individuals associated with FTX who may have betrayed the public trust and broken the law." According to reports, SBF is facing charges of wire and securities fraud, conspiracy to commit wire and securities fraud, and money laundering.

Continue reading: SEC slaps charges onto FTX founder Sam Bankman-Fried hours after his arrest (full post)

Elon Musk vows Twitter will be prosecuting scammers 'anywhere on Earth'

Jak Connor | Dec 12, 2022 8:02 AM CST

On a recent Twitter post, Elon Musk announced that he is taking action against a small number of bad actors who control large armies of bot and spam accounts on the platform.

In the post, Musk stated that he is shutting down the IP addresses of these individuals in order to combat their malicious activity. This move is a response to the growing problem of bots and spam accounts on Twitter, which have been used for a variety of nefarious purposes, such as spreading misinformation, manipulating public opinion, and spamming cryptocurrency scams. These bot armies have become increasingly sophisticated and can be difficult to identify and combat.

Musk's decision to shut down the IP addresses of these bad actors is a bold move that could have significant repercussions for the individuals involved. It will likely disrupt their ability to operate their bot and spam accounts, at least temporarily. However, it is unclear how effective this move will be in the long term, as the individuals involved may simply switch to using different IP addresses or find other ways to continue their malicious activity.

Continue reading: Elon Musk vows Twitter will be prosecuting scammers 'anywhere on Earth' (full post)

Sam Bankman-Fried is being investigated for a role in the TerraUSD collapse

Jak Connor | Dec 8, 2022 6:01 AM CST

The collapse of what was the world's second-largest cryptocurrency exchange, FTX, is still being felt across the cryptocurrency industry, and the individual at the center of it all, Sam Bankman-Fried, is now finding himself at the center of another collapse that happened back in May 2022.

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A new report from the New York Times reveals that Manhattan prosecutors have launched an investigation into Sam Bankman-Fried's (SBF) involvement in the collapse of the Terra blockchain and its Luna stablecoin. The report claims that FTX pushed out a large number of sell orders of TerraUSD while simultaneously shorting the price of Luna, according to an unnamed source.

SBF is alleged to have manipulated the market, which created the domino effect that resulted in the collapse of the two interlinked currencies in a move to "make a fat profit". In November, SBF's cryptocurrency empire completely collapsed when $8 billion of customer funds was found in the company's balance sheets, resulting in SBF filing for chapter 11 bankruptcy and investigations launched by federal prosecutors and the Securities and Exchange Commission (SEC) over funds being transferred to FTX's sister company Alameda Research.

Continue reading: Sam Bankman-Fried is being investigated for a role in the TerraUSD collapse (full post)

Bankman-Fried unlikely to testify at House Committee investigating FTX collapse

Jak Connor | Dec 5, 2022 8:03 AM CST

Sam Bankman-Fried has taken to his Twitter account to reveal that he won't likely be attending the upcoming US House Committee hearing regarding the collapse of FTX.

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Sam Bankman-Fried (SBF), the former CEO of what was the world's second-largest cryptocurrency exchange before it went bust, FTX, has taken to his personal Twitter account to announce that he is still "learning and reviewing what happened" to cause the collapse of his cryptocurrency exchange, and that once he has finished figuring out what happened, he will appear in front of a House Committee. SBF has been accused of misappropriating customer funds, hence the investigation launched by the US House Financial Services Committee last month.

The US House, Financial Services Committee, is planning on holding a hearing in December where multiple people and companies involved in the collapse of FTX will speak, including people from Alameda Research, FTX's sister company that's closely tied to the collapse of the crypto exchange, Binance, which a major player in its downfall, and more. Many cryptocurrency investors believe that SBF is currently getting away with one of the biggest frauds in history, which is why many crypto holders hoped they would get some clarity on what happened at FTX at the upcoming House Committee hearing.

Continue reading: Bankman-Fried unlikely to testify at House Committee investigating FTX collapse (full post)

AI taught to play video game by Google and is now one of world's top players

Jak Connor | Dec 5, 2022 7:32 AM CST

An artificial intelligence system has been taught how to play a video game and has learned how to beat top human players.

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The video game that has since been mastered by an artificial intelligence (AI) is Stratego, and the AI system that is now beating top players is from Google's AI company DeepMind, which developed its latest artificial intelligence called DeepNash. Google engineers taught DeepNash how to play Stratego, which is a game that involves two players attempting to capture each other's flag, and according to DeepMind's Twitter post regarding the achievement, the game is more complicated than chess, Go, and poker.

For those that don't know, Stratego involves two players attempting to figure out each of their opponent's 40 game pieces that are in unknown locations across the board. According to DeepMind's website, Stratego is a "game of imperfect information" and requires each player to "balance all possible outcomes when making a decision", which makes it a much more complex game than chess, Go, or poker as it far more possible game states. For example, Go has more possible game states with a figure of ten to the power of 360, while Stratego has ten to the power of 535 game states.

Continue reading: AI taught to play video game by Google and is now one of world's top players (full post)

Cryptocurrency exchange lays off 1,000+ workers as 'crypto winter' sets in

Jak Connor | Dec 2, 2022 7:02 AM CST

Kraken announced on Wednesday that it is firing 30% of its workforce in response to the cryptocurrency market downturn.

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The cryptocurrency exchange explained in a blog post that due to macroeconomic and geopolitical factors paired with the state of the financial markets, Kraken has experienced significantly lower trading volumes and fewer client sign-ups. In response to this overall downturn, Kraken says it will be reducing hiring frequency, avoiding large market commitments, and reducing its global workforce by approximately 1,100 people to adapt to current market conditions.

Kraken explains that all "Krakenites," or individuals that have been let go from the company, will receive 16 weeks of base pay inclusive of the paid leave period, performance bonuses, four months of healthcare continuation, an extended window of time for their vested stock options, immigration support, and outplacement support.

Continue reading: Cryptocurrency exchange lays off 1,000+ workers as 'crypto winter' sets in (full post)

FTX lawyers tried to take control away from Sam Bankman-Fried before bankruptcy

Jak Connor | Dec 1, 2022 6:32 AM CST

The saga of the collapse of what was the world's second-largest cryptocurrency exchange, FTX continues, with reports now coming out about FTX's top lawyers trying to take control away from former FTX CEO Sam Bankman-Fried.

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Over the course of one week, the world's second-largest cryptocurrency exchange collapsed in slow motion over a liquidity crunch closely tied to FTX's sister company Alameda Research. Now that the implosion has occurred, the fallout is being felt throughout the cryptocurrency industry, with companies such as BlockFi recently filing for bankruptcy as the FTX fallout severely impacted them. Additionally, more details about the events behind the scenes leading up to the implosion are coming out.

According to new reports, as FTX was in the midst of crumbling, top FTX lawyers reportedly attempted to take away control of the company from former CEO Sam Bankman-Fried (SBF), who ignored messages from the lawyers that requested SBF prepare for bankruptcy and halt exchanges. Ryne Miller, a top FTX lawyer, wrote in an email to Mr. Bankman-Fried and other staff on November 10, "The exchanges must be halted immediately. The founding team is not currently in a cooperative posture."

Continue reading: FTX lawyers tried to take control away from Sam Bankman-Fried before bankruptcy (full post)

Cryptocurrency lender BlockFi to file for bankruptcy, new FTX contagion victim

Jak Connor | Nov 29, 2022 1:04 AM CST

On November 11, BlockFi paused withdrawals, which coincided with the same day FTX filed for bankruptcy and the fallout of what was the world's second-largest cryptocurrency exchange began.

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On November 14, the cryptocurrency lender reported having "significant exposure" to the now-bankrupt FTX, and all its entities, with sources at the company speaking to the press and informing them that the company was currently preparing to file for bankruptcy. Fast forward to November 28, wherein an official statement, the New Jersey-based company announced it will be focusing on recovering all obligations owed to BlockFi, but "recoveries from FTX will be delayed" due to its bankruptcy.

Rewind back to June of this year, BlockFi announced that it signed a deal with FTX that enabled them a $250 million line of credit that gave the cryptocurrency lender access to capital that "further bolsters our balance sheet and platform strength," according to BlockFi CEO Zac Prince. BlockFi wrote on November 11, the same day that FTX filed for bankruptcy, that "we, like the rest of the world, found out about this situation through Twitter." Adding, the company was, "shocked and dismayed by the news regarding FTX and Alameda."

Continue reading: Cryptocurrency lender BlockFi to file for bankruptcy, new FTX contagion victim (full post)

Binance sends $2 billion in Bitcoin to unknown wallet costing them just $0.42

Jak Connor | Nov 29, 2022 12:02 AM CST

Binance has sent a whopping $2 billion worth of Bitcoin to an unknown wallet address, amounting to a total of 127,351 Bitcoin sent in a single transaction.

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Whale Alert reported the transaction occurred on November 28, with on-chain data suggesting that the $2 billion was sent at 10:00 AM UTC and only cost Binance a fee of 0.000026 BTC, or $0.42. Following the collapse of what was the world's second-largest cryptocurrency exchange, FTX, many cryptocurrency holders are justifiably concerned with the movements of cryptocurrency exchanges, especially ones of such large volumes.

Unsurprisingly, the transaction caused a ripple effect of fear, uncertainty, and doubt (FUD) to spread online, which sparked a response from Binance CEO Changpeng "CZ" Zhao, who took to Twitter to explain that the $2 billion transaction was a part of Binance's proof-of-reserve (PoR) audits. These audits are to demonstrate that the cryptocurrency exchange holds the same number of funds it publicly claims to have, hence "proof-of-reserve".

Continue reading: Binance sends $2 billion in Bitcoin to unknown wallet costing them just $0.42 (full post)

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