Ledger CEO Downplays Subpoena Risk for Crypto Wallet Users
Ledger CEO Pascal Gauthier says that the company’s new Recover service, which allows users to backup their seed phrases with third parties, is unlikely to expose them to government subpoenas. About Ledger Recover Ledger, a leading provider of hardware wallets for cryptocurrencies, has recently launched a new service called Ledger Recover, which enables users to […]
Beware of Crypto Job Scams Linked to Labor Trafficking, FBI Warns
The FBI has issued a warning about fake job ads linked to labour trafficking and cryptocurrency fraud. Traffickers coerce victims into committing crypto investment schemes abroad. The Federal Bureau of Investigation (FBI) in the United States has alerted its citizens about a new scam involving fake job advertisements linked to labour trafficking and cryptocurrency fraud. […]
Bitget Receives Regulatory License to Operate in Poland
Bitget crypto exchange announced that it had registered as a virtual asset service provider (VASP) in Poland. The regulatory license enables Bitget to operate lawfully on the Polish market. Bitget obtained its VASP registration in Lithuania in April, allowing it to provide cryptocurrency-related services within and from the Baltic nation. Bitget’s managing director, Gracy Chen, […]
Court Filing Shows FTX 2.0 Reboot Plan in Progress
The new CEO of the insolvent cryptocurrency exchange FTX, John Ray III, is working on a reboot plan to relaunch the failed crypto exchange as FTX 2.0, according to the most recent court filings. A May 22nd court filing reveals that the FTX team detailed Ray’s contributions to the Chapter 11 bankruptcy in a compensation […]
Bitcoin of America Shuts Down Crypto ATMs Operation in Connecticut
Bitcoin of America, a crypto and Bitcoin ATMs provider, agreed with the Connecticut Department of Banking to cease operations due to the lack of a license as a money transmitter to operate Bitcoin ATM kiosks in the state. In a statement issued on May 22, the Department of Banking emphasized that Bitcoin of America lacked […]