Judge Says Plaintiff Can Proceed Against AT&T in $24M Hack Case

Judge Says Plaintiff Can Proceed Against AT&T in $24M Hack Case

A federal judge has backed multiple claims against telecom giant AT&T for failing to secure the data of the victim of a $24 million cryptocurrency theft. On Feb. 24, a California federal judge ruled that cryptocurrency investor Michael Terpin can proceed with his lawsuit against telecom corporation AT&T over a $24 million SIM hacking incident.Terpin is arguing that an AT&T agent who was bribed by a criminal gang supplied data that allowed the hackers…

Read more

Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court

Silk Road Marketplace Senior Adviser Pleads Guilty in US Federal Court

The senior adviser to Silk Road operator Ross Ulbricht had pled guilty to one count of conspiracy to distribute narcotics in a Manhattan Federal Court. A senior adviser to the operator of the Silk Road dark web marketplace has pled guilty to one count of conspiracy to distribute narcotics in a Manhattan federal court. According to a United States Department of Justice press release dated Jan. 30, Roger Thomas Clark was a key figure…

Read more

New Hampshire’s Second Bill to Accept Bitcoin as Tax Payment Fails

New Hampshire’s Second Bill to Accept Bitcoin as Tax Payment Fails

The U.S. state of New Hampshire fails to pass its second bill to accept crypto for tax payments due to the high volatility of Bitcoin. Lawmakers in the New Hampshire state legislature have killed a bill that would have allowed state agencies to accept cryptocurrencies as payment for taxes. On Jan. 8, the New Hampshire House of Representatives announced a decision to retract the bill, following a motion from the General Court’s Executive Departments and…

Read more

Chinese Court Freezes $676K in Assets of Bitmain Manufacturing Subsidiary

Chinese Court Freezes $676K in Assets of Bitmain Manufacturing Subsidiary

The Shenzhen Bao’An District Court, China, has ruled to freeze roughly $676,000 in assets of a subsidiary of Bitcoin mining giant Bitmain. The Shenzhen Bao’An District Court in China has ruled to freeze roughly $676,000 in assets of a subsidiary of Bitcoin (BTC) mining giant Bitmain.According to a court filing released on Dec. 13, the Shenzhen Bao’An District Court ordered to freeze 4,718,710.68 yuan ($676,000) of Bitmain’s wholly-owned subsidiary, Shenzhen Century Cloud Core. The…

Read more

Craig Wright: Kleiman Estate Will Now Dump $2 Billion in Bitcoin

Craig Wright: Kleiman Estate Will Now Dump $2 Billion in Bitcoin

The self-proclaimed inventor of Bitcoin must hand over half his cryptocurrency wealth after a judge threw out his claims. Bitcoin (BTC) prices could face fresh volatility after Craig Wright was ordered to pay 500,000 BTC to the brother of Dave Kleiman, his late business partner.The payout — worth more than $5 billion at the time of writing — could attract an estate tax rate of 40%, which Kleiman’s estate would have to pay.There are now…

Read more