United States

All of the Federal Reserve’s wire and ACH systems are down

All of the services available through the Federal Reserve’s online portal have been down for more than an hour. According to the Federal Reserve Bank Services’ website, the bank is experiencing a disruption in its account services, central bank, Check 21, check adjustments, FedACH, FedCash, FedLine Advantage, FedLine Command, FedLine Direct, FedLine Web, Fedwire Funds, Fedwire …

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Tesla made $1B profit on its Bitcoin buy, says analyst

American electric car giant Tesla has seen some massive gains from its Bitcoin (BTC) investment, reportedly having made up to $1 billion in profit, according to a new report. An analyst at Wedbush Securities, a private investment firm in the United States, has calculated that Tesla has made “roughly $1 billion” in the aftermath of …

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US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’

<div class=”featured_image_container”> </div> <strong>The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists.</strong> North Korean Hackers Also Developed and Deployed Malicious Crypto Apps According to the announcement, law enforcement expanded charges to …

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Blockchain Firm Asks Nevada State for Permission to Build a Crypto ‘Smart City’ in Storey County

<div class=”featured_image_container”> </div> <strong>A crypto “smart city” could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County.</strong> Crypto City Aims to Host 33 Million Square Feet of Commercial Space According to a report …

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Blockchain firm aims to build crypto city in Nevada desert

Blockchain incubator and investment firm Blockchains LLC is stepping up its plans to build a smart city in the Nevada desert east of Reno. In an interview with the Associated Press released Saturday, Blockchains CEO Jeffrey Berns said he had asked the state of Nevada to let him form a local government on the 67,000 …

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Seized Silk Road Bitcoin Worth $3 Billion Likely Linked to Disgraced US Secret Service Agent

<div class=”featured_image_container”> </div> <strong>Over $3 billion worth in bitcoin seized by the U.S. Department of Justice (DOJ), belonging to Silk Road, are likely linked to a former U.S. Secret Service agent. The latest findings suggest that “Individual X” is, in fact, Shaun Bridges.</strong> Bridges Is Set to Be Freed in November Per recent court filings, …

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Miami mayor aiming for ‘the most progressive crypto laws’

Francis Suarez, who has served as the mayor of Miami since 2017, wants to make the city the most attractive in the United States for those in the crypto and blockchain industry. In an interview with Forbes published Sunday, Suarez said lawmakers in Miami were looking into the policies of crypto-friendly areas like Wyoming and New …

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Crypto User Builds a Mining Rig in the Back of His BMW Hybrid Car With Six Graphic Cards

<div class=”featured_image_container”> </div> <strong>A U.S. cryptocurrency miner installed a mining rig in a particular place with the motivation to “annoy gamers.” Simon Byrne installed the full infrastructure in the back of his BMW i8 hybrid car.</strong> Miner Is Trying to Create a ‘Crypto Utopia’ According to PC Gamer, Byrne fit six Nvidia RTX 3080s graphic …

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GameStop short squeeze highlights the power of decentralization

The success of the GameStop short squeeze in pumping the price above $370— and the reaction from centralized authorities and markets to it — has highlighted the need for decentralized finance, according to some in the crypto industry. The stock, which was trading at less than $20 per share earlier this month, was deemed by …

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American Cancer Society Creates Its First Crypto Only Donation Fund

<div class=”featured_image_container”> </div> <strong>The American Cancer Society has set up a fund for crypto donations so the nonprofit can raise at least $1 million by early 2021. Together with The Giving Block, the U.S.-based voluntary health organization expects to collect funds via several cryptocurrencies.</strong> Donations to Fund Cancer-Related Research Plummeted 50% in 2020 According to …

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