Facebook Rebrands Its Controversial Cryptocurrency Wallet

Facebook announced today that it would be completely rebranding the wallet for its long-anticipated cryptocurrency – perhaps in an attempt to shake off its troubled reputation. Read More >>

Teenager Accused of Leading Ring of ‘Evil Geniuses’ on £19.3 Million ‘Cybercrime Spree’

Yesterday, the prominent bitcoin investor Michael Terpin announced that he’d filed suit against the ringleader of a “SIM swap gang” that he’d been chasing down since 2018, following the theft of roughly a collective $24 million (£19.3 million) in bitcoin from his digital wallets. And it turns out the culprit, in this case, wasn’t a criminal mastermind, but a teenager. Read More >>

Will Brands Reinvent Money, or Are Digital Dollars a Bust?

Many forms of so-called digital money aren’t actually so new or innovative – nor actual ‘money,’ in most cases – and often have a number of key aspects in common. The ways in which they differ, may be our best indicators for whether this or that payment system or crypto-coin will survive, or simply end up worthless. Read More >>

Facebook May Be Considering Changing Course as Libra Crypto Project Sails Towards Disaster

Facebook’s Libra cryptocurrency project has been heading full steam at a global financial regulatory system-sized iceberg for a while now. But it might be trying to change course after finally realising that the iceberg will win. Read More >>

Steven Seagal to Pay Over £256,000 to the US Securities and Exchange Commission for Promoting Bitcoiin. Yes, Bitcoiin

Zen master goblin Steven Seagal, last seen promoting a straight-to-DVD action flick for fans such as Vladimir Putin – and also in sexual abuse allegations – has agreed to pay the US Securities and Exchange Commission (SEC) a total of $330,448.76 (£256,395.19) for failing to disclose the details of his financial relationship with the intriguingly-named cryptocurrency “Bitcoiin2Gen.” Some called it a pyramid scheme. Some called it a fraud. According to the SEC, Seagal called it a don’t-miss opportunity, leading up to B2G’s initial coin offering (ICO). Incidentally, as he encouraged followers to get in on B2G, he neglected to mention to the SEC that he was promised $250,000 (£194,000) in cash and $750,000 (£582,000) worth of coiin. Read More >>

YouTube Restores Hundreds of Cryptocurrency Videos After Flagging Them as Harmful

YouTube has restored hundreds of videos from dozens of channels that focus on crypotcurrency after they were removed earlier in the week. YouTubers like Chris Dunn report that their videos were flagged by YouTube for “harmful or dangerous content” and “sale of regulated goods.” YouTube now says that the deletions were a mistake. Read More >>

Investors Want to Exhume Body of Crypto-CEO Who Had the Password to Millions In Bitcoin

It’s been about a year since users of Canadian cryptocurrency exchange QuadrigaCX were informed that the company’s CEO unexpectedly died, taking the password that accessed most the money from their accounts with him to the grave. And now, those clients want to know what’s inside that grave. Read More >>

Cyberthief Allegedly Used Ill-Gotten Gains to Buy Royalty Rights to Rap Songs

An alleged SIM-swapping scammer is accused of using his spoils to purchase cars, expensive jewellery and diamonds, and the royalty rights for rap music. Read More >>

French Students Will Now Have to Learn About Bitcoin

High school students in France may be among the first people in the world to actually understand how cryptocurrency works. Read More >>

Somebody Put Libra Out of Its Misery Already

The slow march to death for Libra, Facebook’s forthcoming cryptocurrency, continues. Yesterday, a Group of Seven nations task force threw up another hurdle in a report, stating global stablecoins like Libra could potentially wreck the global monetary system and upend financial stability. Read More >>

Huge Child Porn Ring Busted as Authorities Cite Ability to Crack Bitcoin Privacy

Federal authorities in the U.S. have unsealed charges against the South Korean operator of a child porn ring that’s been billed as the world’s “largest dark web child porn marketplace.” The child porn site, known as Welcome to Video, charged some users in Bitcoin and authorities say they successfully unmasked those Bitcoin transactions in order to catch the perpetrators. An additional 337 people from around the world have been charged in relation to the Tor-based site. Read More >>

Facebook’s Being Sued Over Look-A-Like Logo

Looks like Libra’s terrible, horrible, no good, very bad week isn’t over yet. In addition to major backers like PayPal, eBay, Stripe, Visa, and Mastercard dropping support for Facebook’s cryptocurrency project, now its logo has become the centre of a legal battle over alleged trademark infringement. Read More >>

Libra’s Ship Is Sinking as Multiple Major Partners Abandon Facebook’s Troubled Cryptocurrency

Following the departure of PayPal from Facebook’s Libra project – a cryptocurrency that promises to “reinvent money” and “transform the global economy” – a new wave of departures has rocked the platform as eBay, Stripe, Visa and Mastercard have all announced that they are abandoning ship. Read More >>

Bank of England Sets Rules For Facebook’s Libra Cryptocurrency

Facebook's cryptocurrency-powered global payment network, Libra, hasn't exactly won much support among government regulators on either side of the Atlantic since it was formally announced back in June. In the US, the Federal Reserve, Treasury Department, House and Senate banking committee have all expressed varying degrees of concern, as has US president (ugh) Donald Trump, while the UK's Financial Conduct Authority, the European Commission and an international group of privacy regulators have also expressed scepticism and France has even vowed to block the scheme in Europe. Read More >>

US Lawmakers Warn Visa, Mastercard to Think Twice About Joining Facebook’s Cryptocurrency Scheme

As anxieties mount over Facebook’s plan to launch a cryptocurrency called Libra, US lawmakers are facing increasing pressure to intercede. This week, that intervention has taken the form of ominous letters by Democratic members of the powerful Senate Banking Committee, who warn payment service companies to “expect a high level of scrutiny” if they take on the risks of Libra. Read More >>