Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has been sentenced to four months in prison. Judge Richard Jones, who presided over the sentencing hearing in the Western District of Washington on Tuesday, handed down a lighter sentence than the three years petitioned by the prosecution. In November, …
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US senators Elizabeth Warren and Bill Cassidy have called for the Department of Justice and Department of Homeland Security to redouble efforts to stop the use of cryptocurrency to pay for child sexual abuse material (CSAM) online, a problem they claim has worsened. In a letter sent on Thursday, addressed …
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By the end of Friday, the size of the reward for mining bitcoin will have been cut in half. The event—known as the halving—takes place roughly once every four years, and it can be fatal for the mining companies that compete for the newly minted cryptocurrency. “You don’t see that …
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Ryan has been self-employed for 15 years. He works long hours on two small manufacturing businesses. But he finds time to daydream about getting in early on a cryptocurrency that goes to the moon. In 2021, the price of Dogecoin, a crypto token started as a joke, increased 70-fold in …
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A century ago, a commuter train carrying hundreds of passengers from Park Row to Brighton Beach, New York, took a perilous stretch of rail at seven times the appropriate speed. At the controls was Edward Luciano, a young and inexperienced driver with only two hours of training, brought in as …
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A federal jury in New York has found South Korean crypto magnate Do Kwon—and his company Terraform Labs—liable for defrauding investors who collectively sank billions of dollars into cryptoassets whose value later fell to near zero. Filed in February 2023 by the Securities and Exchange Commission, a regulatory body responsible …
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Faruk Fatih Özer stood in front of a passport control officer at Istanbul Airport, a line of impatient travelers queuing behind him. He pulled his face mask below his chin for the security camera. Surely he was nervous. The 27-year-old had unruly black hair, a boy-band face, and a patchy …
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A US federal judge in the Southern District of New York has sentenced Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, to 25 years in prison. In addition, Bankman-Fried has been ordered to forfeit $11 billion. Last November, at the end of a month-long trial, Bankman-Fried—known colloquially as SBF—was found …
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On March 12, Russian-Swedish national Roman Sterlingov was found guilty of money laundering conspiracy and other violations by a federal jury in Washington, DC, for having operated Bitcoin Fog, a service criminals used to launder what authorities claim was hundreds of millions of dollars in ill-gotten gains. The conviction was …
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How do you know the internet has a deepfake porn problem? Just look at copyright takedown requests. WIRED found this week that Google is receiving thousands of Digital Millennium Copyright Act complaints for deepfake nudes, most of which are published by just a handful of websites. Experts say the deluge …
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