Debate over 2FA using SMS after sim-swapping victim sues Coinbase

Debate over 2FA using SMS after sim-swapping victim sues Coinbase

The crypto community is debating whether SMS two-factor authentication (2FA) should ever be used for account security following news that a Coinbase customer is suing the cryptocurrency exchange for $96,000. On Mar. 6…

AI Rooted in Internet’s Original Sin, Says ConsenSys Economist

AI Rooted in Internet’s Original Sin, Says ConsenSys Economist

BeInCrypto spoke exclusively to Lex Sokolin, the Chief Cryptoeconomist at ConsenSys, about how bullish he is on Ethereum, the future of AI in Web3, and more. Lex had always been interested in finance…

SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

SEC not allowed to punish Voyager advisers over bankruptcy token, says US judge

The United States Securities Exchange Commission (SEC) won’t be allowed to fine executives involved in Voyager Digital should it end up issuing bankruptcy tokens to help repay impacted customers, bankruptcy judge Michael Wiles…

FTX Sues Grayscale for 0 Million for Preventing Redemptions

FTX Sues Grayscale for $250 Million for Preventing Redemptions

Bankrupt proprietary trading firm Alameda Research has sued Grayscale for reducing the value of FTX Debtors’ shares in its Bitcoin and Ethereum Trusts. Alameda alleges that the firm reduced the value of the…

Internal documents reveal Australia’s potential timeline for crypto legislation: Report

Internal documents reveal Australia’s potential timeline for crypto legislation: Report

Crypto legislation in Australia could be dragged out past 2024 and beyond, with the government seemingly wanting to take its time in order to get a full picture of the industry, internal documents…

Is Privacy Pools the Upgraded Version of Tornado Cash?

Is Privacy Pools the Upgraded Version of Tornado Cash?

The early contributor of Tornado Cash built a new crypto mixer called Privacy Pools that addresses the regulators’ concerns. Ameen Soleimani, one of the early contributors to Tornado Cash, claims to have fixed…

Sam Bankman-Fried Should Only Visit Government Approved Sites

Sam Bankman-Fried Should Only Visit Government Approved Sites

The U.S. Department of Justice wants only to allow Sam Bankman-Fried (SBF) to use a non-internet-enabled mobile and specific websites on his laptop. The U.S. District Attorney for the Southern District of New…

US legislators renew call for EPA investigation of crypto mining emissions data

US legislators renew call for EPA investigation of crypto mining emissions data

United States Senator Edward Markey and Representative Jared Huffman announced on March 3 that they would reintroduce the Crypto-Asset Environmental Transparency Act in Congress. The move comes ahead of a Senate hearing on…

ConsenSys Joins zkEVM Craze With New Rollup Testnet Launch

ConsenSys Joins zkEVM Craze With New Rollup Testnet Launch

ConsenSys will launch a permissionless testnet for its zero-knowledge Ethereum Virtual Machine rollup on March 28, 2023, hot on the heels of Polygon Labs. The testnet will be compatible with the self-custodial wallet…

US lawmakers argue SEC accounting policy places crypto customers at risk

US lawmakers argue SEC accounting policy places crypto customers at risk

Two United States lawmakers have criticized crypto accounting guidelines outlined by the national securities regulator, arguing they places crypto customers at greater risk of loss. The guidelines came from the United States Securities…

Crypto Markets Tank Following Silvergate Report Fallout

Crypto Markets Tank Following Silvergate Report Fallout

Crypto markets are currently crashing with billions of dollars leaving the sector over the past hour or so. Total market capitalization has shrunk by more than $60 billion over the past hour. As…

BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor

BlockFi execs, Gemini named in proposed lawsuit by a disgruntled investor

An investor with nearly $2 million worth of funds frozen in bankrupt cryptocurrency lender BlockFi has filed a class action complaint against its founders, two directors and crypto exchange Gemini. In a Feb….

5 Blockchains Enhancing Bitcoin Capabilities

5 Blockchains Enhancing Bitcoin Capabilities

Bitcoin is the most valuable cryptocurrency, yet by design, it has limitations keeping it from reaching its full potential. However, several blockchains are working to enhance the network to create specialized systems that…

UAE Emirate Ras Al Khaimah Announces RAK Digital Assets Oasis

UAE Emirate Ras Al Khaimah Announces RAK Digital Assets Oasis

The United Arab Emirates (UAE) continues to implement strategies toward the digital assets economy. The latest move by Ras Al Khaimah creates a dedicated crypto-friendly free zone for global companies.  Ras Al Khaimah,…

Robinhood subpoenaed by SEC over crypto listings and custody

Robinhood subpoenaed by SEC over crypto listings and custody

Robinhood Markets has revealed that it has received an investigative subpoena from the United States Securities Exchange Commission over its digital asset business’ crypto listings, custody and platform operations. In a 10-K filing,…

Can Crypto Mining Reward Sustainability Survive Regulatory Eyes?

Can Crypto Mining Reward Sustainability Survive Regulatory Eyes?

Crypto and Bitcoin mining operations continue to lock horns with US Congress over their energy consumption. Different reports in the US have raised environmental concerns. Now miners are changing their approach by taking…

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