In brief In court last week, billionaire crypto investor and entrepreneur Tim Heath shared his experience of being attacked in a failed kidnapping attempt last year. Attackers tracked his movements using GPS, fake passports, and burner phones. Heath has invested €2.7 million in personal security following the violent incident. Experts warn privacy gaps in crypto
PayPal co-founder Peter Thiel and a handful of other tech billionaires are reportedly launching a new bank partially dedicated to serving crypto startups. According to a new report from Financial Times, Thiel and other investors – such as the CEO of military contracting company Anduril – to create a bank called Erebor, which references to
Phil Crescenzo, the Southeast division vice president for Nation One Mortgage Corp., says that the new directive is “too narrow” to impact homebuyers since it’s only targeting conventional loans via the government-sponsored enterprises (GSEs). “If a borrower already has stocks or retirement accounts, an underwriter may not even factor in the crypto,” Crescenzo said. Alternative
US President Donald Trump, with an estimated net worth of more than $6 billion, has reportedly added at least $620 million to his portfolio in a matter of months, thanks to ventures connected to the cryptocurrency industry. According to a Wednesday Bloomberg report, Trump’s crypto holdings represented “a sizeable portion” of his wealth for the
New York Attorney General Letitia James is sounding the alarm on the need for tightened cryptocurrency regulation to protect investors and the national economy. In a recent correspondence with congressional leaders, James has called for a concerted effort to reinforce legislation around stablecoins, the cryptocurrency variant that’s typically tied to the value of conventional assets
A group of tech billionaires led by Palmer Luckey, co-founder of military contractor Anduril, are launching a U.S. bank named Erebor to serve startups, including Bitcoin and other crypto businesses, according to a Financial Times report. The bank would be backed by tech investors including the Founder of Venture Capital Firm 8VC Joe Lonsdale, and
A fresh wave of excitement has gripped the crypto community after Ripple CEO Brad Garlinghouse claimed that XRP could eventually surpass Bitcoin, boasting a future market cap of $640 trillion. In a recent interview, Garlinghouse stated XRP’s current price struggles to the ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), which he
Nepal police have busted a cryptocurrency racket in Kathmandu arresting 52 individuals, including six Chinese citizens, who were allegedly involved in an illegal online scam. The six Chinese nationals, who were allegedly the main culprits in the cryptocurrency and illegal money transaction scam, were identified as Jhang Lun, 29, Chen Jiahao, 27, Lin De,
More than 40 fake extensions in Firefox’s official add-ons store are impersonating popular cryptocurrency wallets from trusted providers to steal wallet credentials and sensitive data. Some of the extensions pretend to be wallets from Coinbase, MetaMask, Trust Wallet, Phantom, Exodus, OKX, Keplr, and MyMonero, and include malicious code that sends stolen information to attacker-controlled servers. Fake
People keep coming back to crypto for its purported ability to make one rich overnight. The enduring tale is that a modest pile of coins bought today will swell into a life-changing fortune tomorrow. Two of the perennial crowd-pleasers in that genre are Dogecoin (DOGE 0.21%) and Cardano (ADA 0.05%). Both have fan bases that