Former Amazon employee convicted in Capital One hack

Signage is displayed on the exterior of a Capital One Financial Corp. cafe branch in Walnut Creek, California, US, on Tuesday, July 18, 2017. Bloomberg | Getty Images A former Amazon Web Services employee was convicted of hacking into Capital One and stealing the data of more than 100 million people nearly three years ago … Read more

Bill Barr testifies before House Jan. 6 committee about Trump election claims

Former US Attorney General Bill Barr is seen on video during his deposition for the public hearing of the US House Select Committee to Investigate the January 6 Attack on the United States Capitol, on Capitol Hill in Washington, US, June 9, 2022. REUTERS / Jonathan Ernst Jonathan Ernst | Reuters Former Attorney General William … Read more

Crypto scams cost people more than $1 billion since 2021: FTC

The crypto market can be volatile, but it’s still attractive to young people who have “higher risk appetites,” said Chris Adam of SharpRank. Insta_photos | Istock | Getty Images More than 46,000 people say they lost over $ 1 billion in crypto to scams since the start of 2021, according to a report released by … Read more

Cryptocurrency industry focus: Regulation, stablecoins, market crash

A visual representation of Bitcoin cryptocurrency. Edward Smith | Getty Images Cryptocurrency companies dominated the main street at the World Economic Forum in Davos this year, a notable difference between this edition and the last one in 2020. The high-profile presence from the industry came even as the cryptocurrency market crashed. It was sparked by … Read more

Former OpenSea employee charged in first-ever NFT insider trading case

US prosecutors are now going after insider trading in the crypto industry. On Wednesday, prosecutors in New York’s Southern District charged and arrested Nathaniel Chastain, a former product manager at the online marketplace OpenSea. The 31-year-old faces one count of wire fraud and one count of money laundering, in connection with a scheme to commit … Read more

U.S. dropped the ball on crypto regulation

WASHINGTON – The US has dropped the ball on crypto regulation, according to Securities and Exchange Commissioner Hester Peirce, and she says the knock-on effects of that failure keep her up at night. “There’s a lot of fraud in this space, because it’s the hot area of ​​the moment,” Peirce told CNBC on the sidelines … Read more

Martin Shkreli released from federal prison into halfway house

Former pharmaceutical executive Martin Shkreli departs the U.S. District Court for the Eastern District of New York, August 3, 2017 in the Brooklyn borough of New York City. Getty Images Notorious “Pharma bro” fraudster Martin Shkreli was released from a federal prison in Pennsylvania on Wednesday and into a U.S. Bureau of Prisons halfway house … Read more

Five U.S. states order halt to NFT sales by metaverse casino with alleged Russia ties

Regulators in five states simultaneously filed emergency orders Wednesday against a virtual casino they say has ties to Russia and that has been operating in the metaverse, a digital world where participants can interact with each other, purchase products and even gamble. State law enforcement officials say Flamingo Casino Club’s operators failed to disclose its … Read more

Crypto exchange Binance wins regulatory approval in France

Binance CEO Changpeng Zhao gave a keynote at a Paris crypto industry event in April 2022 to debut a new accelerator program for so-called “Web3” start-ups. Benjamin Girette | Bloomberg | Getty Images Binance has been granted approval from regulators to operate its cryptocurrency exchange in France. The company is now listed as a registered … Read more

Europe’s stock market fall triggered by Citi trader error

Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images A so-called flash crash in European markets on Monday prompted several indices to tumble sharply, sparking alarm among investors on a day when trading was thin due to public … Read more