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Massive Twitter Attack: Apple, Joe Biden, Elon Musk, Bill Gates, Jeff Bezos, Uber Tweeting Bitcoin Giveaway Scam

Massive Twitter Attack: Apple, Joe Biden, Elon Musk, Bill Gates, Jeff Bezos, Uber Tweeting Bitcoin Giveaway Scam
A massive attack hit crypto Twitter on Wednesday as many prominent accounts began tweeting about a bitcoin giveaway. Soon it was apparent that the breach was much more serious when major corporations and famous people tweeted that they will double your bitcoin, including Apple, Google, Joe Biden, Elon Musk, Bill Gates, Jeff Bezos, Kanye West, Barack Obama, and Uber. Major...

Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from ‘High-Risk Addresses’

Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from 'High-Risk Addresses'
A recently published report from the research and analysis firm Peckshield indicates that during the last two quarters of 2020, cryptocurrency exchanges accepted 147,000 BTC ($1.3 billion) from high-risk addresses. During the last few years, blockchain research and surveillance firms have been classifying “risk levels” to specific transactions stemming from suspicious addresses and wallets. For instance, certain bitcoin addresses could...

European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States

European Digital Bank Revolut Expands Bitcoin Trading Services to 49 US States
British digital bank Revolut said Wednesday that it will start offering its cryptocurrency trading services in the U.S. Users in 49 U.S. states, excluding Tennesee, can now buy and sell bitcoin (BTC) and ethereum (ETH) through the Revolut app, it said. They can also store their digital assets in the app and cash out instantly. However, crypto funds kept in the...

Fidelity Digital Assets to Hold Bitcoin Private Keys for Kingdom Trust Clients

Fidelity Digital Assets to Hold Bitcoin Private Keys for Kingdom Trust Clients
The enterprise-grade bitcoin custody and crypto management service, Fidelity Digital Assets has revealed a recent partnership with the firm Kingdom Trust. The new alliance provides individual retirees with the ability to safeguard their bitcoin private keys alongside self-directed IRAs. The crypto custodian and retirement account fund manager, Kingdom Trust has reached an “exclusive institutional agreement” with the company Fidelity Digital...

Popular NASCAR Driver Bubba Wallace Will Sport the Bitcoin Logo While Racing

Popular NASCAR Driver Bubba Wallace Will Sport the Bitcoin Logo While Racing
NASCAR driver Darrell “Bubba” Wallace will be sporting a bitcoin logo on his car and uniform during upcoming races. Twitter and Cash App founder, Jack Dorsey, tweeted a few pictures that revealed the new sponsorship, as he displayed the bitcoin symbol and Cash App logo design layout on the social media platform. Bitcoiners will be excited to see the bitcoin...

South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards

South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards
South Africa is proposing new rules around crypto-asset service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FATF). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment. Finance Minister Tito Mboweni published the proposals in June. A report by Businesstech quotes Seshree...

Investor Charged in US After Obtaining Covid-19 Relief Loan to Trade Cryptocurrency

Investor Charged in US After Obtaining Covid-19 Relief Loan to Trade Cryptocurrency
The U.S. has charged an investor after he obtained two loans worth over $1.1 million from the Paycheck Protection Program (PPP) intended for covid-19 relief and used some of the money to invest in cryptocurrency. He was taken into custody on allegations he fraudulently obtained the loans. Crypto Investor Charged The U.S. Department of Justice (DOJ) announced Tuesday that Joshua Thomas...

Paypal Developing Cryptocurrency Capabilities, Letter to European Commission Confirms

Paypal Developing Cryptocurrency Capabilities, Letter to European Commission Confirms
Paypal has confirmed that it has been developing cryptocurrency capabilities in a letter the company sent to the European Commission regarding the EU framework for cryptocurrency markets. Recently, Paypal and Venmo were rumored to soon allow users to buy and sell cryptocurrencies directly. Paypal's Crypto Plans In a letter to the European Commission (EC), Paypal revealed its work on developing crypto...

‘How to Buy Bitcoin in India’: Crypto Exchange Offers Rewards for Videos in All Indian Languages

'How to Buy Bitcoin in India': Crypto Exchange Offers Rewards for Videos in All Indian Languages
Indian cryptocurrency exchange Wazirx is offering rewards for videos about how to buy bitcoin or other cryptocurrencies in India in all Indian languages, including Hindi, Tamil, Gujarati, Marathi, Kannada, Bengali, and Telugu. News.Bitcoin.com caught up with Wazirx CEO Nischal Shetty to find out how his program works. 'How to Buy Crypto in India' Videos in All Indian Languages Indian cryptocurrency exchange...

Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey

Bank of England Still Debating Creation of Central Bank Digital Currency, Says Bailey
Bank of England (BoE) Governor Andrew Bailey said Monday that the institution is still debating whether it should create a central bank digital currency (CBDC). Speaking at a webinar event, Andrew Bailey admits a CBDC will be a reality in the next few years. He, however, does not provide a time frame of when the discussions are expected end. The latest...