US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner
Mar27

US Seizes 18 Crypto ATMs Purchased Using Fraudulent SBA Loans — Arrests Owner

U.S. law enforcement has seized 18 cryptocurrency ATMs that were purchased using fraudulent loans from the Small Business Administration (SBA) meant to assist small businesses financially harmed by the Covid-19 pandemic. The loans were also used to purchase bitcoin from a New York-based cryptocurrency exchange, said the U.S. Department of Justice (DOJ). Coindawg’s Crypto ATMs Seized The U.S. Department of Justice (DOJ) announced on...

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US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters
Mar27

US Lawmaker Introduces Bill to Affirm Blockchain Developers and Non-Custodial Services Are Not Money Transmitters

A U.S. lawmaker has introduced the Blockchain Regulatory Certainty Act to ensure that developers and non-custodial service providers in the crypto space are not considered money transmitters and are not subject to the same level of regulation as custodial cryptocurrency exchanges. “The longer we delay providing this commonsense clarification, the greater risk that this transformative technology is driven overseas, depriving domestic...

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Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community
Mar27

Arrested Bitzlato Exchange Founder Seeks Help From Crypto Community

The founder of crypto exchange Bitzlato, who is facing a money laundering case in the U.S., is seeking support from members of the community. Anatoly Legkodymov was arrested in January for his role in the trading platform which allegedly processed millions of dollars’ worth of illicit funds. Bitzlato Founder Looking for Bail Guarantors in U.S. Anatoly Legkodymov, one of the founders and majority owner of the Russia-linked...

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Twitter Hunts Down Github User Who Leaked Company’s Source Code
Mar27

Twitter Hunts Down Github User Who Leaked Company’s Source Code

On February 21, 2023, Twitter chief Elon Musk published a tweet suggesting that Twitter’s algorithm would be “made open source” before the end of that month. Before he took ownership of Twitter, Musk said that having the code out in the open would be a smart move, but the end of February came and went, without any code appearing in public. On March 17, Musk raised the topic once again. “Twitter will open source all code used to...

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Major Publishers Mull Legal Action Against Pirate Ebook Platform
Mar27

Major Publishers Mull Legal Action Against Pirate Ebook Platform

There’s something special about professionally produced textbooks. From the information inside to the tactile feel of the paper, textbooks can be items of beauty. Unfortunately, reality rains on the parade more than just a little. Textbooks are bulky, woefully underpowered for mass research purposes, and then suddenly out date for any number of reasons. After factoring in the extraordinary expense, it’s no surprise that some turn to...

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