UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes
Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges. The bank stated that cryptocurrencies “are high risk and heavily used for criminal purposes and, as such, we no longer support them.” Starling Bank Blocks Fund Transfers to Crypto Exchanges London-headquartered Starling Bank recently notified its customers that the bank no longer supports...
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost all value.” Singapore’s Central Bank Clarifies Its Stance on Binance and FTX The Monetary Authority of Singapore (MAS), the country’s central...
10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e
A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions. Bitcoin Stored in Dormant Wex Wallet Moves for the First Time in Five Years The unknown holder...
TeaTV, BeeTV & CyberFlix Make Movie Piracy Easy; The Hard Bit Comes Next
In the early days of file-sharing, many of those involved couldn’t believe that music could be downloaded for free. Today, many pirates not only expect more, they demand more, and get it too. As a result, and when everything goes to plan, many of today’s piracy apps are indistinguishable from their legal counterparts. They are as easy to install and feature similar graphical interfaces, with all the latest movies and TV shows a couple...
Court Orders U.S. Navy to Pay $154,400 in Software Piracy Damages
Six years ago, the US Navy was sued for mass copyright infringement and accused of causing hundreds of millions of dollars in damages. The lawsuit was filed by German company Bitmanagement. It wasn’t a typical piracy case where software was downloaded from shady sources, but the end result was the same. It all started in 2011 when the US Navy began testing Bitmanagement’s 3D virtual reality application ‘BS Contact Geo’. The Navy...
