Bitcoin ATM Attacks Lead To Lawsuit Against Four Brothers
So far, nearly eight dozen Bitcoin ATMs have had their screens bashed in with hammers and other blunt objects. It appears Bitcoin ATMs are being targeted by a group of hammer-wielding criminals. To be more precise, both the Detroit and Chicago areas have seen an increasing number of physical attacks against teller machines. It is unclear what the reason for this behavior is, although rumors suggest this may have to do with competing companies trying to remove the competition by sheer force. Although Bitcoin ATMs are more secure than bank counterparts, taking a hammer to it will still....
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Bitcoin has matured as an asset and it will eventually be disrupting gold, according to brothers Tyler and Cameron Winklevoss, who operate the Gemini cryptocurrency exchange. The brothers gave their views about digital currency’s future during an interview with Liz Claman on Fox Business Network’s “Countdown Closing Bell.” Claman was reporting live from the Sky Bridge Alternatives (SALT) Conference in Las Vegas, a conference on macro-economic trends. Claman introduced the brothers, whom she described as two of bitcoin’s biggest backers, displaying a line chart showing how bitcoin and the....
Two brothers from Rotterdam have been arrested for stealing electricity to mine bitcoins. According to the Openbaar Ministerie, local police confiscated the mining equipment and 200 thousand euros. Two Brothers Allegedly Stole Electricity to Mine Bitcoin and Grow Marijuana. Local reports said the two unnamed brothers owned the equipment, but stole power....
A lawsuit against Binance accusing the cryptocurrency exchange of selling unregistered crypto securities has been dismissed. The plaintiffs listed nine cryptocurrencies in the lawsuit.
Binance’s Lawsuit Dismissed
U.S. District Judge Andrew Carter dismissed a lawsuit against cryptocurrency exchange Binance Thursday.
The motion to dismiss was filed by Binance and CEO Changpeng Zhao (CZ). The lawsuit (case no. 20-02803) was originally filed in April 2020 in the U.S. district court in the Southern District of New York.
Binance is accused of violating....
As the lawsuit with the U.S. Securities and Exchange Commission (SEC) continues, Ripple CEO Brad Garlinghouse insists that the Commission has provided no clarity in crypto regulation. He said the SEC is using its meetings with crypto companies as lead generation for enforcement actions, and the agency has lost sight of its mission to protect investors.
Ripple’s CEO Claims SEC Uses Meetings With Crypto Companies as Lead Generation for Enforcement Actions
Amid the SEC’s lawsuit over XRP, Ripple CEO Brad Garlinghouse reiterated his concerns over the lack of clarity in....
Two brothers in Rotterdam in the Netherlands alleged to have stolen electricity to power a bitcoin mining operation in 2014 face months in prison, if prosecutors get their way. In the first case of its kind in the Netherlands, prosecutors are seeking prison time for two brothers who engaged in a bitcoin mining operation fueled by stolen electricity. According to a local news report, one of the two unnamed brothers, aged 39 and 43, owned the property where the mining operation took place. The operation took place in 2014 while prosecutors at the District Court of Rotterdam alleged yesterday....