Author: Kryptonews
US law enforcement has dismantled the BidenCash dark web marketplace and seized approximately 145 domains and associated cryptocurrency funds used to carry out the sale of stolen credit card information. The operation, which was revealed by the US Attorney’s Office for the Eastern District of Virginia, targeted a platform that made it easier for over 117,000 clients worldwide to purchase and sell stolen payment card information and personal data. BidenCash marketplace facilitated $17 million in stolen credit card transactions The BidenCash marketplace operated as a comprehensive platform for cybercriminals seeking to monetize stolen financial data and generated over $17 million…
California’s lower house has passed a sweeping crypto payments-regulating bill that would also allow the state to take idle crypto holdings from exchanges if an owner hasn’t accessed their account in three years.The California State Assembly passed Assembly Bill (AB) 1052 in a 78-0 vote on June 3, which would make crypto subject to the state’s unclaimed property laws and allow California to take possession of crypto in a user’s exchange account if it hasn’t performed “an act of ownership interest” over three years. Such acts include making a transaction like buying or selling, depositing into or withdrawing from the account,…
Understanding Bitcoin Wallet Recovery Losing access to your Bitcoin wallet can be a stressful experience. Whether it’s a lost password, a damaged device, or a corrupted file, regaining control of your Bitcoin requires understanding the proper recovery procedures. This article provides a comprehensive overview of the key steps and considerations involved in Bitcoin wallet recovery. H2: The Importance of Backup and Storage The foundation of successful Bitcoin wallet recovery lies in proper backup and storage practices. Before anything goes wrong, you need to ensure you’ve taken the necessary precautions to protect your seed phrase or private keys. Seed Phrase (Recovery…
Introduction to the Scalability Debate Blockchain scalability has long been a critical bottleneck for mainstream adoption, with Layer 1 (L1) and Layer 2 (L2) solutions competing to solve the problem of slow transaction throughput and high fees. While L1 blockchain networks like Bitcoin and Ethereum originally faced limitations in processing transactions, new approaches—both within L1 and through L2 solutions—are reshaping the landscape. The Layer 1 Reinvention: Enhancing the Foundation Traditional Layer 1 blockchains, such as Bitcoin, were not designed for high transaction volumes. Ethereum, for example, initially struggled with congestion, leading to high gas fees during peak usage. However, L1s…
After announcing a monitoring tag on Thursday, Binance, the largest crypto exchange on trading volume metrics, triggered a free fall for four altcoins. Popular exchanges’ actions to list, delist, or put tokens on their catalog on the spot tend to cause price fluctuations. Binance Puts Monitoring Tag on 4 Altcoins In a Thursday announcement, the Binance exchange said it would extend its monitoring tag to four tokens in its catalog: Beefy (BIFI), StaFi (FIS), Komodo (KMD), and Measurable Data Token (MDT). “Based on recent reviews, Binance will extend the Monitoring Tag to include more tokens on 2025-06-05,” read the announcement. In…
The allure of cryptocurrency, particularly Bitcoin, lies in its decentralized nature, potential for high returns, and promise of financial freedom. However, this burgeoning market is also rife with scams and fraudulent schemes that prey on both seasoned investors and newcomers alike. Understanding these dangers is crucial to navigating the crypto landscape safely. Common Bitcoin Scams to Watch Out For The relatively anonymity offered by blockchain technology, coupled with a lack of comprehensive regulation in many jurisdictions, makes cryptocurrency a playground for scammers. Some of the most prevalent Bitcoin scams include: Ponzi Schemes: These schemes, often disguised as legitimate investment platforms,…
On June 5, 2025, Binance will place the following tokens — BIFI, FIS, KMD, and MDT — under its Monitoring Tags category. The decision comes in response to recent sharp price fluctuations and unusual trading patterns possibly linked to market maker activity, prompting the exchange to heighten its scrutiny of these assets.Four Tokens Added to Binance’s Monitoring Tag ListOn June 5, 2025, Binance designated the following four tokens for its Monitoring Tag category:This designation indicates that these tokens will undergo increased evaluation. Binance will continuously review the status of each project and may either maintain or remove the Monitoring Tag…
Key Takeaways: BitMine is raising $18 million to purchase more Bitcoin. The company’s stock will list on NYSE American under the ticker BMNR. BitMine is expanding both its BTC holdings and advisory services. BitMine Immersion Technologies is raising $18 million through a public stock offering as it looks to expand its Bitcoin holdings and deepen its treasury strategy.In a June 4 announcement, BitMine detailed plans to offer 2.25 million shares priced at $8.00 each. Underwriters also have a 45-day option to purchase an additional 337,500 shares.The offering is expected to close on June 6, subject to standard conditions.BitMine to Deploy…
US authorities seized 145 domains and an undisclosed amount of cryptocurrency tied to BidenCash, a dark web marketplace accused of trafficking millions of stolen credit cards and personal data.The action, announced on June 5 by the US Attorney’s Office for the Eastern District of Virginia, followed a court-authorized operation targeting the platform’s infrastructure and financial flows. The seized domains are now redirected to a law enforcement-controlled server.BidenCash, launched in March 2022, had grown to over 117,000 users and facilitated the sale of more than 15 million stolen payment card numbers and other personally identifiable information. The platform generated over $17…
Bitcoin, the original cryptocurrency, has proven its resilience time and time again. While short-term traders attempt to capitalize on volatile price swings, a significant portion of Bitcoin holders – the so-called "hodlers" – adhere to a long-term strategy. They accumulate Bitcoin and hold it for extended periods, often years, through market fluctuations, believing in its long-term potential. Understanding the HODL Mentality The term "hodl" originated from a misspelling of "hold" in a Bitcoin forum post in 2013. It has since evolved into a symbol of unwavering conviction in Bitcoin’s future. Hodlers generally view Bitcoin as a store of value, similar…
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