Patent battle over digital mining tech creates concerns about IP in crypto
Digital mining firm Digital Shovel is defending its patented technology, highlighting new battles in Web3
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Telegram’s financials: It’s a loss-making company (which holds a lot of crypto)
The financials, filed in the British Virgin Islands, show revenue of only $342 million and a net loss of $259 million in 2023.
Telegram Faces Deepfake Pornography Probe in South Korea
South Korean authorities have launched a preliminary investigation into Telegram, just days after the high-profile arrest of the messaging app’s founder, Pavel Durov, in France. Local news agency Yonhap reported that the Seoul Metropolitan Police Agency has initiated an internal examination of Telegram's corporate entity, focusing on allegations that the platform may have been involved in "abetting" the spread of deepfake pornography. Woo Jong-soo, who heads South Korea's National Office of Inve...
WazirX Hacker Moves $6.5 Million Worth ETH To Tornado Cash as Tension Grows
Investors are growing restless as the hacker behind the WazirX breach has started funneling millions of dollars in user assets through Tornado Cash following the Indian exchange's $230 million exploit on July 18. Early Tuesday morning, the exploiter initiated the transfer of 2,600 ETH, valued at $6.5 million, to the sanctioned mixer Tornado Cash, according to blockchain security firm PeckShield. In August 2022, the U.S. Treasury Department sanctioned Tornado Cash, claiming it “has been used to...
Fake Ukrainian Cops Apprehended for Extorting $250,000 in Tether from Entrepreneur
In Ukraine on Monday, police arrested a criminal group that allegedly extorted $250,000 in stablecoin Tether (USDT) from a young entrepreneur by posing as law enforcement officials and threatening him with criminal charges for a fabricated crime. The four suspects, who were detained by cyber police and the Department of Internal Security of the National Police, face up to 12 years in prison, according to a statement. In May, the 20-year-old online business founder reported to police that unknow...
SuiPlay0x1 Crypto Gaming Handheld Price, Specs Revealed for 2025 Release
More details about the upcoming crypto gaming handheld console SuiPlay0x1 have been revealed by Playtron and Mysten Labs, the creators of the Sui blockchain. With this, pre-orders for the device have opened with the first to pay receiving an NFT reward. The SuiPlay0x1 aims to rival Valve’s Steam Deck as a powerful handheld gaming device that can run PC games as well as crypto games—a key difference between the devices. Currently priced at $599 (plus shipping and tax), the SuiPlay0x1 falls in bet...
UK Authorities Seize, Convert $144,000 of Bitcoin Stolen in Machete Home Invasion
Scottish prosecutors converted and seized almost $144,000 (£110,000) worth of Bitcoin from the “technical brains” behind a home invasion in which a crypto holder was threatened with a machete. John Ross Rennie was convicted in October 2023 after being found guilty of “reset relating to cryptocurrency,” relating to his indirect involvement in the robbery. The late-night robbery took place at the unnamed victim’s own home in the town of Blantyre, near Glasgow, in March 2020. Three men forced the u...