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Bitcoin Mining Pool BTC.com Faces Cyberattack and $3 Million Loss of Funds

BIT Mining has reported this incident to authorities in Shenzhen, China, who are investigating the incident and collecting more evidence.BTC.com, one of the largest crypto mining pools, suffered a major cyberattack which resulted in a significant loss of customer funds. Parent firm BIT Mining Limited made the announcement on Monday,

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SEC Charges Gig Economy Platform for $2.6 Million Unregistered Coin Offering – Bitcoin News

The U.S. Securities and Exchange Commission (SEC) has charged Thor Technologies and its co-founders with conducting an unregistered securities offering. In 2018, the company minted and sold tokens to raise funds for its ‘gig economy platform,’ the development of which had not even started at the time. U.S. Securities Regulator

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French investors sued Binance for over 2.4 million euros in losses

Binance France and its parent company Binance Holdings Limited are being sued by 15 investors in France over alleged misleading commercial practices and fraudulent concealment, according to local media reports. In a complaint filed on Dec. 14, the plaintiffs claimed that Binance violated French laws by advertising and distributing crypto services

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Jim Cramer Urges SEC to Do a Big Crypto Sweep — Says ‘I Wouldn’t Touch Crypto in a Million Years’ – Featured Bitcoin News

The host of Mad Money, Jim Cramer, says he would not touch crypto in a million years. He called investors who own various altcoins idiots and urged the U.S. Securities and Exchange Commission (SEC) to do “a big sweep” on the crypto industry. Jim Cramer’s Crypto Warnings The host of CNBC’s Mad

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Samsung Is Investing More Than $35 Million in Latam-Focused Metaverse Initiatives – Metaverse Bitcoin News

Samsung, the Korean electronics behemoth, has revealed it is currently investing more than $35 million dollars in metaverse initiatives for the Latam audience. The objective behind this move is to help the brand attract and connect with younger audiences, as part of its digital push and growth marketing strategy. Samsung’s Metaverse

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Italy and Albania Bust €15 Million Crypto Investment Scam – Bitcoin News

Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and seized assets and computer equipment. Fraudsters Contacted Investors From a Call Center in Tirana, Albania Law enforcement

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Spain Will Provide 8 Million Euros in Grants to Develop Video Game and Metaverse Experiences – Metaverse Bitcoin News

The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023. Spain

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Web3 Privacy Layer Aztec Raises $100 Million in Series B Funding Round to Produce an Encrypted Version of Ethereum – Privacy Bitcoin News

Aztec, a Web3 privacy layer, has raised $100 million in a Series B funding round led by the Andreessen Horowitz subsidiary a16z crypto. The organization, which already offers privacy-based services for a slew of Ethereum-based apps, will now focus on constructing an encrypted version of Ethereum, allowing individuals and organizations

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