Tag - cryptocurrencies

 
 

CRYPTOCURRENCIES

Wang YunHe's residence in Singapore, overlooking the country's premier shopping belt.
ASIA PACIFIC / Crime & Legal
Jun 1, 2024
Singapore wealth flows face new scrutiny in superhacker case
The case is a reminder of the difficult balancing act faced by Singapore and other financial hubs as they push to attract the world’s ultra rich.
DMM Bitcoin said it would replace customers' lost bitcoin deposits with the help of other group companies.
BUSINESS / Tech
Jun 1, 2024
Japan's DMM Bitcoin says over ¥48 billion of cryptocurrency lost
It gave no details of how the incident occurred or whether an outside party had been involved, but said that it was investigating.
Job-seekers line up for interviews at a job fair in Chinchwad, India, in 2019.
BUSINESS
May 16, 2024
After Cambodia crypto scam, Indians demand more jobs at home
Unemployment is a leading concern in the ongoing general election that ends on June 1.
North Korea's Ambassador to the United Nations Kim Song speaks during a meeting of the U.N. General Assembly at U.N. headquarters in New York on June 8, 2022.
ASIA PACIFIC / Crime & Legal
May 15, 2024
U.N. experts: North Korea laundered $147.5 million in stolen crypto
The money was stolen from the HTX cryptocurrency exchange before being laundered in March this year, the experts said.
A Lamborghini Diablo SL automobile displayed at the company's event to mark the automaker’s 60th anniversary in Seoul in September 2023. While the boost in wealth among crypto investors was mostly poured into discretionary spending, a significant portion spilled into local housing markets, the researchers found.
BUSINESS / Markets
May 6, 2024
Lamborghini bros no more: Crypto is creating a new wealth effect
Study suggests that household spending out of crypto gains is more like the patterns from traditional equity investments, such as on home purchases.
Former Binance CEO Changpeng "CZ" Zhao arrives at federal court in Seattle, Washington, on Tuesday. Zhao, the founder and former chief executive of Binance, the world's largest cryptocurrency exchange, was sentenced today to four months in prison after he pleaded guilty to violating laws against money laundering.
BUSINESS / Companies
May 1, 2024
Binance crypto founder Zhao sentenced to four months in prison
Once considered the most powerful crypto industry figure, Zhao, known as "CZ," is the second major crypto boss to be sentenced to prison.
While some publicly traded bitcoin mining companies release details of their energy use, there is no reliable data on exactly how much electricity the industry as a whole consumes.
BUSINESS / Tech / ANALYSIS
Apr 25, 2024
Bitcoin miner environmental battles heat up in U.S.
As cryptocurrency groups work to shield mines from local regulations, U.S. President Joe Biden proposed an excise tax on bitcoin energy use.
Former FTX CEO Sam Bankman-Fried arrives at a courthouse in New York in March 2023. On Thursday, he was sentenced to 25 years in prison.
COMMENTARY / World
Apr 1, 2024
Sam Bankman-Fried's 25-year sentence is a warning to crypto
The former FTX CEO's conviction to 25 years in prison sends a clear message to cryptocurrency fraudsters. The costs of misconduct outweigh the benefits.
FTX co-founder Sam Bankman-Fried attends his sentencing hearing at Federal Court in New York on Thursday in this courtroom sketch.
BUSINESS
Mar 29, 2024
Sam Bankman-Fried sentenced to 25 years over FTX collapse
While there is no parole in the federal system, Bankman-Fried could be released a few years early for good behavior.
Police escort Do Kwon from court in Podgorica, Montenegro, on Saturday.
BUSINESS / Companies
Mar 26, 2024
Terraform goes on trial as Do Kwon awaits extradition in Montenegro
The trial is the latest in a series of high-profile legal confrontations in which U.S. regulators seek to assert greater control over the crypto industry.
Hackers linked to North Korea, among the most sophisticated in the business, are showing no signs of letting up in targeting the cryptosphere.
BUSINESS / Tech
Mar 23, 2024
North Korean hackers stalk crypto startups scrimping on security
Startups strapped for cash after a prolonged funding drought have cut security spending even as soaring digital-asset prices tempt hackers.
Former FTX chief Sam Bankman-Fried leaves Manhattan federal court in New York on Jan. 3.
BUSINESS
Mar 16, 2024
Sam Bankman-Fried should get up to 50 years in prison, U.S. says
A sentence of 40 to 50 years is necessary for the "historic” crime involving more than 1 million victims and losses of over $10 billion, prosecutors say.
Bitcoin showed its boom-or-bust character Tuesday with volatile price swings.
BUSINESS / Markets
Mar 6, 2024
Record surge marks new revival for Bitcoin
The cryptocurrency has experienced a breathtaking rebound this year amid strong demand from new U.S. exchange-traded funds.
At Crypto HK, a popular crypto store in Hong Kong, customers can buy cryptocurrencies with a minimum 500 Hong Kong dollars ($64) and are not required to provide any identity documents.
BUSINESS / Markets
Jan 28, 2024
Bruised by stock market, China rushes into banned bitcoin
More and more Chinese investors are using creative ways to own crypto assets they believe are safer than investing in stock and property markets at home.
The drop in funds stolen by North Korean hackers mirrors a larger trend in the cryptocurrency security landscape: an overall decline in hacks of the once-lucrative decentralized finance, or DeFi, protocols.
ASIA PACIFIC / Crime & Legal
Jan 25, 2024
North Korean hackers targeting crypto more but stealing less: report
The drop in funds stolen by North Korean hackers mirrors a larger trend in the cryptocurrency security landscape.
Elon Musk attends an interview in New York on Nov. 29.
BUSINESS / Tech
Jan 10, 2024
SEC’s ‘compromised’ account amplifies X mistrust, security concerns
The high-profile breach comes at a time when X and billionaire owner Elon Musk are seeking to win back trust from both users and advertisers.
A scientist works on a quantum computer at the IBM Quantum lab in Yorktown Heights, New York.
COMMENTARY / World
Jan 3, 2024
Your money may not survive a quantum heist
Prime numbers have served the internet age well, but the private sector and public authorities can no longer take their continued guardianship for granted.
South Korean Lee Kyung-woo was sentenced to life in prison in October for the kidnapping and murder of a 48-year-old woman over a crypto dispute.
ASIA PACIFIC / Crime & Legal
Dec 13, 2023
Crypto and ketamine: The murder that shocked South Korea
Case resembling K-drama plot emerges in safe and almost drug-free country where violent killings are rare.
U.S. national security adviser Jake Sullivan (left), South Korean national security adviser Cho Tae-yong (center) and secretary-general of Japan's National Security Secretariat, Takeo Akiba, at a news conference in Seoul on Saturday.
JAPAN
Dec 9, 2023
Japan, U.S., South Korea to step up action on North's cyberthreats
The national security advisers of the three countries met in Seoul on Saturday as Pyongyang warned that it would deploy more spy satellites.
Bitcoin’s revival from the 2022 crypto crash has weathered a U.S. crackdown that put Sam Bankman-Fried behind bars for fraud at FTX and handed top crypto exchange Binance and its founder Changpeng Zhao rap sheets and big fines.
BUSINESS / Markets
Dec 4, 2023
Bitcoin hits $40,000 level for the first time since May 2022
The token added as much as 2.9% to reach $40,867 and was just shy of that mark Monday in Singapore, taking its 2023 jump to 146%.

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