NEWS | Goblin Crypto

Reuters Launches New Assault on Binance for Failing to Require User IDs Before August 2021

06/06/2022 8:00 pm 06/07/2022 5:23 pm

Reuters’ Angus Berwick and Tom Wilson launched a new offensive against Binance on Tuesday, claiming the exchange failed to seize illicit funds on its platform. The reporters cited Russia’s darknet marketplace Hydra and North Korea’s Lazarus group as their chief examples. Lazarus was the state-backed group that used hacked private keys to attack Axie Infinity in April, absconding with 173,600 Ethereum and 25.5 million USD Coins — a value of more than $600 million at the …

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Biden Swipes at Elon Musk, Forgets He Has a Contract with NASA: ‘Lots of Luck on His Trip to the Moon’

06/05/2022 8:00 am 06/05/2022 8:57 am

President Joe Biden took a swipe at Tesla and SpaceX CEO Elon Musk on Friday, wishing him “lots of luck on his trip to the moon.” Biden made the remark in response to a reporter’s question at a press conference about Musk’s comment earlier in the week that he had a “super bad feeling about the economy.” “What do you say to Elon Musk?” the reporter asked, noting that JPMorgan Chase CEO Jamie Dimon “has said similar things.” “Well, …

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Coinbase Abruptly Freezes ZCash Deposits and Withdrawals

06/05/2022 6:00 am 07/14/2022 4:49 pm

Coinbase quietly entered its fourth day of a ZCash (ZEC) lockdown on Sunday, a sign of lingering dysfunction on the platform after the token upgraded earlier in the week. The privacy coin’s “Halo Arc” upgrade on Tuesday included a feature enabling private transactions to take place by default. (Previously, users were required to activate that setting.) But the upgrade also inadvertently caused problems for a number of wallets that hold ZEC, causing them to display …

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Bitcoin Declines 15 Percent in May — Forecasters Brace for a Bigger Wipeout Ahead

05/31/2022 8:00 pm 06/17/2022 11:46 pm

Bitcoin’s price declined by 15.6 percent in May, the third-largest one-month decline since its last bull run began in May 2020. The decline capped bitcoin’s second-worst two-month decline for the period, according to data compiled by CoinGlass. It was eclipsed only in May 2021 — when bitcoin fell from $57,000 to $37,000 (35.5 percent) just weeks after reaching an all-time high, and in April, when it fell from $45,500 to $38,600 (24.92 percent). The price …

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Former Federal Reserve Official Calls for US to Ban Cryptocurrency

05/25/2021 5:00 pm 07/17/2022 1:55 am

Former Federal Reserve Official Lee Reiners called on Tuesday for the United States to ban cryptocurrency, saying it had caused a “ransomware pandemic.” “Ransomware can’t succeed without cryptocurrency,” Reiners wrote in an op-ed for The Wall Street Journal. “The pseudonymity that crypto provides has made it the exclusive method of payment for hackers. It makes their job relatively safe and easy.” Reiners, who worked as a supervisor for the Federal Reserve Bank of New York …

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