The lawsuit accuses the crypto exchange of violating the Illinois Biometric Information Privacy Act Coinbase is now facing a class-action lawsuit in Illinois over claims it mishandled users’ biometric data. The case, filed on May 13 in federal court, accuses the cryptocurrency exchange of violating the Illinois Biometric Information Privacy Act (BIPA), a state law
This round of payouts is scheduled to take place on or before May 30 The FTX bankruptcy saga is finally nearing a major milestone as the estate has announced it will begin distributing over $5 billion to creditors before the end of May 2025. After nearly 18 months of uncertainty and court proceedings, this development
Telegram banned thousands of accounts tied to the network, forcing it to shut down Telegram has shut down a massive Chinese-language darknet marketplace that had become a central hub for crypto-based criminal activity. Known as Haowang Guarantee—formerly Huione Guarantee—the platform announced it was closing its operations after Telegram banned thousands of accounts tied to the
The company had set up shop in Colorado, moving massive amounts of money undetected A Chinese-language crypto marketplace with deep ties to online fraud and money laundering in Southeast Asia is now being linked to a company incorporated in Colorado. According to blockchain analysis firm Elliptic, Xinbi Guarantee has moved at least $8.4 billion, mostly
The platform has been targeted at least twice in recent years Curve Finance is once again dealing with a security issue after its domain name system (DNS) was hijacked, sending users to a malicious website. The team behind the decentralized finance (DeFi) platform issued a warning on May 12 through its official X account, urging
Nexo and other firms see positive momentum for cryptocurrency building in the US Cryptocurrency firms are making a return to the US, encouraged by a shift in the regulatory environment and the political tone from Washington. Nexo became the latest to reenter the market, joining seven other companies that have announced US expansion plans since
A bill to create a national framework for digital assets suddenly fell apart despite earlier successes A major attempt to regulate cryptocurrency in the US hit a wall this week after the Senate failed to move forward with a bipartisan bill meant to create a national framework for digital assets. The proposal, known as the
The dark web site lost control of its affiliate panel, resulting in the breach A recent breach of LockBit’s dark web infrastructure has exposed nearly 60,000 Bitcoin addresses, raising new questions about the group’s financial network and operations. The leak came after hackers reportedly gained access to LockBit’s affiliate panel, a backend system used to
Internal conflict at the crypto infrastructure firm has it scrambling to find stability Movement Labs has officially severed ties with co-founder Rushi Manche, following internal conflict over a dubious transaction with a market maker. The crypto infrastructure firm announced the news on May 7, verifying Manche’s exit via an X post, and hinted leadership and
Binance’s native token is one of the largest cryptocurrencies by market capitalization VanEck has submitted a new proposal to US regulators to launch an exchange-traded fund (ETF) focused on BNB, the native token of Binance’s BNB Chain. If approved, this would mark the first time a BNB-based ETF is introduced in the US. The fund
Lawmakers had approved the deal, but Governor Hobbs calls it too risky Arizona Governor Katie Hobbs has vetoed legislation that would allow the state to invest in Bitcoin, putting an end to a proposal that would have established Arizona as a trailblazer in cryptocurrency policy in the state. Hobbs vetoed Senate Bill 1025, also known
Rep. Lance Gooden of Texas believes the move could help foster more crypto adoption A new proposal in Washington could lead to the installation of cryptocurrency ATMs inside federal buildings. Rep. Lance Gooden of Texas sent a letter on May 1 to the acting administrator of the General Services Administration (GSA), Stephen Ehikian, urging the
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