Cryptocurrency trading platform Coinbase said it blocked over 25,000 wallet addresses related to Russian individuals or entities that it believes to be engaging in illicit activity. The blocked addresses represent about 0.2% of Coinbase’s 11.4 million monthly transacting users, based on 2021 data. In a company blog, Paul Grewal, Coinbase’s Read more…
If blockchain technology is to reach true mass adoption, it will have to become cheaper and more efficient. Low transaction throughput on some of the most popular blockchains, most notably Ethereum, has kept gas fees high and hindered scalability. A host of new projects has cropped up to improve efficiency Read more…
Thursday the Washington Post reported the Ukrainian government had already received more than $42 million in cryptocurrency donations since last Saturday — “plus digital artwork including a limited edition worth roughly $200,000,” according to blockchain analytics firm Elliptic. Some of the crypto donations have already been converted into traditional currency, Read more…
Two of the world’s biggest cryptocurrency exchanges, Coinbase and Binance, rejected calls on Friday for a blanket ban on all Russian users to stop their platforms from being used as a way round Western sanctions. “We believe everyone deserves access to basic financial services unless the law says otherwise,” Coinbase Read more…
Data extortionists who stole up to 1 terabyte of data from Nvidia have delivered one of the most unusual ultimatums ever in the annals of cybercrime: allow Nvidia’s graphics cards to mine cryptocurrencies faster or face the imminent release of the company’s crown-jewel source code. A ransomware group calling itself Read more…
Ukraine has scrapped a plan to reward people who donated to its fight against a Russian invasion with newly created crypto assets, following complications with the project. The official verified Twitter account for Ukraine said on Wednesday it planned to issue a so-called “airdrop,” a common tool for early-stage crypto Read more…
Senator Elizabeth Warren and three other Democratic lawmakers on Wednesday urged the Treasury Department to ensure the cryptocurrency industry is complying with sanctions imposed on Russia, expressing concern that digital assets could be used to undermine U.S. foreign policy goals. In a letter sent to Treasury Secretary Janet Yellen, Warren Read more…