Trung Nguyen, operator of a ‘no questions asked’ cash-to-Bitcoin service, receives a 6-year prison sentence and must forfeit $1.5 million for money laundering and running an unlicensed money-transmitting business.
Tag: Blockchain
Fake Ledger Live App Steals Crypto: How to Protect Your Seed Phrase
Cybercriminals are targeting Ledger users with fake Ledger Live apps that steal seed phrases, leading to drained crypto wallets. Learn how to identify and avoid these scams.
US Banks Explore Joint Stablecoin: A Deep Dive into the Potential Implications
Major US banks, including JPMorgan, Bank of America, Citigroup, and Wells Fargo, are reportedly in preliminary discussions to launch a joint stablecoin. This move could revolutionize digital payments and challenge the traditional banking model. Learn more about the potential impact and regulatory landscape.
Staking Explained: Incentivizing Trust and Securing Blockchains
Explore the mechanics of staking in blockchain technology, how it incentivizes good behavior, secures networks, and compares to Proof-of-Work (PoW). Featuring insights from StarkWare’s Noam Nisan.
Crypto and NFTs as a Hedge Against Currency Debasement: A Comprehensive Guide
Explore how cryptocurrencies and NFTs can act as a shield against the eroding effects of currency debasement, offering investors a store of value in the digital age.