US Authorities Seize $1M and Shut Down Websites Linked to Crypto Ransomware Gang BlackSuit
US law enforcement agencies have dismantled the online infrastructure of the notorious ransomware group BlackSuit, seizing more than $1 million in cryptocurrency linked to the gang’s illicit activities. The takedown is part of a broader effort to combat cybercriminal groups that target businesses, hospitals, and government agencies with ransomware attacks . The Justice Department announced […]
Robinhood Doubles Crypto Earnings as Tokenization Strategy Takes Shape
Robinhood reported a blockbuster in the second quarter, with its cryptocurrency revenue more than doubling as it leans toward asset tokenization as a key pillar of future growth. The trading platform announced a 45% year-over-year increase in total revenue, hitting $989 million. Net income also soared, climbing to $386 million, while earnings per share came […]
Bakkt Restructures to Become Pure Crypto Powerhouse
Bakkt Holdings has announced the sale of its loyalty services division in a strategic shift aimed at focusing exclusively on digital assets and blockchain infrastructure. The move marks a significant milestone for the company as it repositions itself as a pure-play crypto firm, shedding non-core operations to streamline its business model and concentrate on areas […]
Sen. Cynthia Lummis Says U.S. Is Finally Waking Up to Crypto After Groundbreaking Week
U.S. Senator Cynthia Lummis says the United States is finally waking up to the potential of digital assets after a landmark week for crypto legislation in Washington. Speaking after a series of major developments on Capitol Hill, the Wyoming Republican celebrated what she called the most significant legislative progress for crypto in U.S. history. Over […]
UK Jails Two Men Over $2 Million Cold-Calling Crypto Scam
Two men have been sentenced to prison in the United Kingdom after being found guilty of orchestrating a large-scale cryptocurrency scam that defrauded victims out of more than $2 million. The scam, which involved cold-calling unsuspecting individuals and luring them into fake investment schemes, ran between 2017 and 2019. Raymondip Bedi and Patrick Mavanga were […]