Crypto.com, a leading cryptocurrency platform, has taken legal action to recover funds following an erroneous transaction. The incident revolves around an individual named James Deutero McJunkins Jr., a resident of Georgia and a user of Crypto.com. McJunkins allegedly received a deposit of $50,000 in his Crypto.com account on June 24, 2022, which was later found
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The Federal Reserve recently released detailed minutes from its mid-June meeting, shedding light on its plans to keep interest rates steady and address inflation concerns. The minutes revealed that the Federal Reserve aims to maintain the federal funds rate, also known as the target interest rate, at the current range of 5% to 5.25% in
Crypto exchange Gemini, led by the Winklevoss twins, has recently filed a lawsuit against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert. The lawsuit accuses Silbert of defrauding creditors, specifically Gemini, the largest creditor of DCG’s subsidiary, bankrupt crypto lending firm Genesis. According to the lawsuit, Silbert committed fraud by continuing the
The cryptocurrency industry has experienced substantial losses due to hacking incidents, amounting to over $30 billion since 2012. SlowMist, a blockchain security firm, conducted research that revealed the extent of these losses. Out of the total amount stolen, centralized exchanges accounted for $10.95 billion, making them the primary target for hackers. The research also highlighted
Bitcoin (BTC) experienced a surge to new highs in 2023 on July 6 as it bounced off key support, defying analysts’ predictions. Data from Cointelegraph Markets Pro and TradingView revealed that BTC price action surged above the upper limit of its recent trading range. Analysts had previously anticipated a further drop in the largest cryptocurrency,
The Massachusetts Senate has recently announced the consolidation of multiple hearings on blockchain, digital assets, and digital privacy into a single assembly, demonstrating the increasing importance of these topics within the state. The ‘Advanced Information Technology, the Internet, and Cybersecurity Committee’ will conduct a four-hour hearing on July 13 to discuss several significant bills that
Litecoin’s (LTC) price has experienced a significant increase, outperforming the broader cryptocurrency market. Traders have remained optimistic about the upcoming block reward halving event in August. On July 2, the price of LTC surged by approximately 8.3% to reach $116, its highest level since April 2022. The week-to-date returns for Litecoin have climbed over 30%,
The cryptocurrency market has been buzzing with excitement as Son of Pepe Coin emerges as one of the top gainers today. This token has gained significant attention on DEXTools, positioning itself as one of the most notable gainers in the market. With investors on the lookout for tokens with explosive potential, it is crucial to
Bitcoin (BTC) struggled to break through the $31,000 mark as it traded below this level at the July 3 Wall Street open. The cryptocurrency remained in a tight range following the weekly close, with bulls eagerly waiting for a catalyst to drive the price higher. Despite modest attempts to breach the resistance levels, Bitcoin’s price
Crypto payroll company Bitwage has informed its customers through an email that it will be disabling payments in USD Coin (USDC) for U.S. residents. This decision comes as financial regulators in the United States have ramped up their scrutiny of the cryptocurrency industry, leading to charges against major crypto firms like Binance and Coinbase. Users