Latest Tech News

Stay updated with the latest in technology, AI, cybersecurity, and more

Filtered by: crypto Clear Filter

Crypto firms urge UK to form national stablecoin strategy to avoid falling behind U.S.

The U.K. should establish a national stablecoin strategy to enable adoption of the tokens and avoid falling behind the U.S. on the disruptive new technology, several major crypto firms said Wednesday. In an open letter addressed to Finance Minister Rachel Reeves, 30 crypto industry figures said that the U.K. "must act now to avoid being a rule-taker rather than a rule-maker in the digital asset era." "To ensure the UK is at the forefront, we believe a proactive, coordinated national strategy i

Crypto stocks tumble as investors go into risk-off mode

Meanwhile, the price of bitcoin pulled back nearly 3% to just over $113,000. Ether was down more than 4% to the $4,100 level, according to Coin Metrics. Investors appeared to rotate out of tech names Tuesday. The sector had seen a boost last week as traders weighed the prospect of more interest rate cuts. Also, bitcoin touched an intraday all-time high near $125,000 last week. On Tuesday, the Nasdaq Composite was down more than 1%, weighed down by declines in Nvidia and other tech heavyweights

Crypto stocks tumble on Tuesday as investors go into risk-off mode

The Coinbase logo is displayed on a mobile phone screen with stock market percentages in the background. Meanwhile, the price of bitcoin pulled back nearly 3% to just over $113,000. Ether was down more than 4% to the $4,100 level, according to Coin Metrics. Crypto stocks suffered on Tuesday as investors fled tech stocks and riskier corners of the market. Investors appeared to rotate out of tech names on Tuesday. The sector had seen a boost last week as traders weighed the prospect of more int

Figure’s IPO filing marks Mike Cagney’s return to public markets

Figure Technology, a seven-year-old blockchain-based lending company, has filed for an IPO of its Class A common stock on Nasdaq, with Goldman Sachs, Jefferies, and BofA Securities serving as its lead bookrunners. The number of shares on offer and price range have not yet been determined. Figure says in its IPO paperwork that its revenue rose 22.4% to $191 million in the six months ended June 30, and that it reported a profit of $29 million in the same period, compared with a loss of $13 milli

Another Crypto IPO Hits the Market and Most People Still Have No Idea What Crypto Is

Blockchain-based lender Figure Technology Solutions has officially filed for an initial public offering, marking another move by crypto-related firms seeking a slice of the trillion-dollar machine of public markets. Both crypto bros and the banks that love them are already celebrating the move to go public, which they say marks a significant milestone in the evolving intersection of cryptocurrencies, blockchain technology, and mainstream finance. Analysts posit that this signals a broader shif

Winklevoss twins’ crypto company Gemini files for IPO

Another crypto company is headed for the public markets. This time, it’s Gemini Space Station Inc., the New York-based crypto exchange and custodian bank founded by billionaire twins Cameron and Tyler Winklevoss. The outfit, which plans to list on the Nasdaq Global Select Market under the symbol GEMI, was founded in 2014 and operates as an exchange and custodian that offers a number of products and services, including a U.S. dollar-backed stablecoin and a credit card that offers rewards in cryp

New Bitcoin Purchases by the U.S. Government Still on the Table, Bessent Says

Bitcoin recently hit an all-time high of $124,400 and is up 93% from over a year ago. But fans of the cryptocurrency think it can go even higher, and those folks experienced a rollercoaster of emotions on Thursday after Scott Bessent gave conflicting signals about what the U.S. government had planned for the world’s most popular cryptocurrency. Initially, Bessent disappointed Bitcoin fans Thursday morning when he said the U.S. government’s so-called strategic Bitcoin reserve, first announced by

US sanctions Grinex crypto-exchange, successor to Garantex

The U.S. Department of the Treasury has announced sanctions against Grinex, the successor to Russian cryptocurrency exchange Garantex, which was previously sanctioned for helping ransomware gangs launder their money. A TRM Labs report, released in April, revealed that Grinex has strong ties to Garantex's previous operations, but stopped short of providing evidence that it was being used for illicit transactions. Grinex was promoted on Telegram channels linked to Garantex soon after U.S. author

Crypto24 ransomware hits large orgs with custom EDR evasion tool

The Crypto24 ransomware group has been using custom utilities to evade security solutions on breached networks, exfiltrate data, and encrypt files. The threat group's earliest activity was reported on BleepingComputer forums in September 2024, though it never reached notable levels of notoriety. According to Trend Micro researchers tracking Crypto24's operations, the hackers have hit several large organizations in the United States, Europe, and Asia, focusing on high-value targets in the finan

Terraform Labs founder Do Kwon pleads guilty to fraud over $40 billion crypto collapse

Terraform co-founder Do Kwon has pleaded guilty to two US chargers of fraud after his actions wiped out $40 billion worth of crypto investments, The Guardian reported. Kwon's story is a wild one involving an immense crypto crash, an Interpol manhunt and Kwon's eventual extradition from Montenegro to the United States. Kwon, along with Sam Bankman-Fried and others, was a key player in 2022's crypto collapse. His company Terraform created a "stablecoin" called TerraUSD supposedly pegged to the US

Forget the Crypto Bros. Wall Street Is Driving the New Crypto Boom

The crypto market is on fire again, but this time, the fuel isn’t coming from “crypto bros” on social media. It’s coming from Wall Street, and it’s all based on a massive bet that the Federal Reserve is about to cut interest rates. Ether, the second-largest cryptocurrency, is leading the charge, surging nearly 10% in the past 24 hours to $4,723.26, bringing its all-time high of $4,878.26 within sight. This rally is, according to some market observers, a calculated move by large, institutional i

The Trump Family’s Crypto Empire Is Expanding—Fast

The Trump family’s crypto empire is making another major move on Wall Street. World Liberty Financial, the crypto firm founded by the Trump family last September, has struck a massive deal that will see a publicly traded fintech company, ALT5 Sigma, purchase up to $1.5 billion of the family’s proprietary cryptocurrency, $WLFI. The deal is a landmark event that further intertwines the Trump family’s private business ventures with President Donald Trump’s increasingly pro-crypto government polic

US govt seizes $1 million in crypto from BlackSuit ransomware gang

The U.S. Department of Justice (DoJ) seized cryptocurrency and digital assets worth $1,091,453 at the time of confiscation, on January 9, 2024, from the BlackSuit ransomware gang. The authorities tracked the crypto as the cybercriminals moved it repeatedly across virtual currency exchange accounts, depositing and withdrawing it to obfuscate the trace. Eventually, the amount was frozen when it reached a cooperating exchange. The action was made possible thanks to evidence collected by the U.S.

One of Google’s YouTube channels looks like it was hacked to promote crypto

Ryan Haines / Android Authority TL;DR An official Google YouTube account was taken offline today. Evidence suggests that Google India’s primary YouTube channel was hijacked by hackers. Screenshots show the account promoting crypto trading prior to going offline. Security is hard. Even with all the fantastic tools we have access to, designed to help keep our accounts and information private, actually maintaining good security requires ongoing effort, making sure we’re taking full advantage of

Circle shares rise as second-quarter revenue jumps 53% on strong stablecoin growth

Circle Internet Group shares jumped Tuesday after reporting its first quarterly earnings as a publicly listed company. While charges related to the stablecoin issuer's debut contributed to a second-quarter loss, it reported a 53% increase in revenue, driven by strong growth in stablecoins. Revenue rose to $658.1 million from $430 million in the same period a year ago. Shares rose more than 7% in premarket trading. The stock has soared nearly 420% since it went public on June 5. "The validatio

Crypto exchange Bullish raises IPO size, seeks nearly $5 billion valuation

Peter Thiel-backed cryptocurrency exchange Bullish raised the size of its initial public offering. Bullish is aiming to raise $990 million, offering 30 million shares priced between $32 and $33 apiece, and targeting a valuation of $4.8 billion, according to a Monday filing with the Securities and Exchange Commission. The company, led by former New York Stock Exchange president Tom Farley, had previously marketed 20.3 million shares at a proposed range between $28 and $31 a share and sought a $

The SEC Just Quietly Surrendered in Its Biggest Crypto Battle

The crypto world’s biggest and most consequential legal war is finally over. Ripple Labs, a fintech giant, has just closed the book on its nearly five-year battle with the U.S. Securities and Exchange Commission, ending a fight that had become a proxy for the future of cryptocurrency regulation in America. The surprise settlement is being hailed as a landmark victory for the crypto industry and a significant blow to the SEC’s controversial “regulation by enforcement” strategy. The “SEC announc

Donald Trump Orders Crackdown on Politically Motivated ‘Debanking’

US President Donald Trump has ordered regulators to investigate the alleged refusal among US banks to supply accounts to customers on the basis of their political or religious beliefs. In an executive order signed Thursday, Trump accused federal banking regulators of presiding over an unlawful discrimination campaign under the guise of risk management, echoing allegations leveled previously by members of conservative groups and the cryptocurrency sector. “Bank regulators have used supervisory

Donald Trump Orders Crackdown on Politically-Motivated ‘Debanking’

US President Donald Trump has ordered regulators to investigate the alleged refusal among US banks to supply accounts to customers on the basis of their political or religious beliefs. In an executive order signed Thursday, Trump accused federal banking regulators of presiding over an unlawful discrimination campaign under the guise of risk management, echoing allegations leveled previously by members of conservative groups and the cryptocurrency sector. “Bank regulators have used supervisory

“We Miss All the Trains to Get Rich”: The Real Story of Crypto and the Black Community

I’ve been at the National Association of Black Journalists (NABJ) Annual Convention in Cleveland since August 6. I came expecting to hear about the state of our industry under Donald Trump’s second presidency, especially how to navigate the administration’s anti-DEI policies, which many in the Black community see as a direct attack on progress. I thought the talk would be about AI: how to use it, how to control it, and whether it was a threat to our profession. I definitely did not expect to ta

Bitcoin jumps as Trump is set to sign an order that allows cryptocurrencies in 401(k)s

Crypto-linked stocks got a boost of energy as well in premarket trading. Coinbase gained 2%, Circle advanced more than 3%, and ether treasury stocks Bitmine Immersion rose 4%, while Sharplink Gaming rallied 7%. The price of bitcoin climbed around 1% to reclaim the $116,000 level for the first time since July 31. Ether rose more than 4%, also returning to a one-week high. President Donald Trump is set to sign an executive order that would allow 401(k) accounts to invest in alternative assets, i

Tornado Cash sold crypto “privacy”; the US saw “money laundering.”

"Crypto mixers" exist because of a peculiar feature of cryptocurrencies—most are fully traceable using their public blockchain ledgers. To provide more privacy to crypto account owners, a mixer will let people toss their crypto into a large pool, where it is "mixed" with other people's crypto. At a later date, each crypto owner can choose to withdraw their money from the pool into a new, anonymous wallet, thus making the movement of the crypto harder to track. Of course, the obfuscation doesn't

Tornado Cash sold crypto “privacy”; the US saw “money laundering.” A jury isn’t sure what to think.

"Crypto mixers" exist because of a peculiar feature of cryptocurrencies—most are fully traceable using their public blockchain ledgers. To provide more privacy to crypto account owners, a mixer will let people toss their crypto into a large pool, where it is "mixed" with other people's crypto. At a later date, each crypto owner can choose to withdraw their money from the pool into a new, anonymous wallet, thus making the movement of the crypto harder to track. Of course, the obfuscation doesn't

Tornado Cash Developer Roman Storm Guilty on One Count in Federal Crypto Case

Roman Storm, one of the developers of crypto anonymizing tool Tornado Cash, has been found guilty of conspiracy to operate an unlicensed money transmitting business by a jury in a court in New York. He faces a maximum sentence of five years in federal prison. In 2023, the US Department of Justice charged Storm with three violations: conspiracy to commit money laundering, conspiracy to violate sanctions, and conspiracy to operate an unlicensed money transmitting business. On Wednesday, at the e

Coinbase shares slide Tuesday as crypto play takes double-digit fall from July record

Shares were last down more than 5%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined. Coinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of crypto-related bills, ending with President Donald Trump signing the GENIUS Act stablecoin legislation — the nation's first-ever crypto law. Shares have been collapsing since then. Shares of the crypto

Coinbase shares slide Tuesday, as crypto play takes double-digit fall from July record

Shares were last down more than 5%. The decline occurred as investors adopted a risk-off stance on Tuesday and the three major averages declined. Coinbase is now off more than 30% from its all-time high of $444.65, reached on July 18. Shares popped in mid-July as legislators voted on a series of crypto-related bills, ending with President Donald Trump signing the GENIUS Act stablecoin legislation — the nation's first-ever crypto law. Shares have been collapsing since then. Shares of the crypto

Mozilla Firefox's extension store being flooded with malware

Mozilla is warning of an ongoing phishing campaign targeting developers of Firefox add-ons. The browser maker urged devs to "exercise extreme caution and scrutiny" when reviewing seemingly legitimate emails from senders pretending to be Mozilla or AMO (addons.mozilla.org). Although phishing emails can take many forms, Moz said this campaign usually lures devs into clicking through a malicious link to update their account. Failure to do so, or so the crims claim, would result in the dev losing

The SEC Shifts Gears on Crypto

The Securities and Exchange Commission made its biggest pro-crypto move yet this week. On Thursday, SEC Chairman Paul Atkins launched “Project Crypto,” an overarching roadmap of the Commission’s approach to regulating cryptocurrency. The aim of the project, according to Atkins, is to make the United States “the crypto capital of the world” by onshoring crypto asset distributions. Atkins hopes to do so by updating the Commission’s rules and regulations regarding on-chain software systems, encou

Crypto wobbles into August as Trump's new tariffs trigger risk-off sentiment

A screen showing the price of various cryptocurrencies against the US dollar displayed at a Crypto Panda cryptocurrency store in Hong Kong, China, on Monday, Feb. 3, 2025. Crypto-linked stocks suffered deeper losses. Coinbase led the way, down 15% following its disappointing second-quarter earnings report. Circle fell 4%, Galaxy Digital lost 2%, and ether treasury company Bitmine Immersion was down 8%. Bitcoin proxy MicroStrategy was down by 5%. The descent triggered a wave of long liquidation

Donald Trump’s New Crypto Bible Is Everything the Industry Ever Wanted

The White House has laid out its plan to usher in a “new American Golden Age,” with cryptocurrency at its center. In a 160-page report published Wednesday, White House representatives outlined a series of recommendations to federal government officials as they set about building a legal framework and regulatory ruleset for companies handling crypto assets in the US. If put into action by lawmakers and regulators, the recommendations would effectively gift the crypto industry—which spent hundre