United States prosecutors have charged Charles O. Parks III with wire fraud and money laundering after he allegedly ran a “large-scale illegal ‘cryptojacking’ operation,” defrauding two cloud computing providers out of $3.5 million to mine $970,000 in cryptocurrencies such as ether, litecoin, and monero without authorization. Parks, who was arrested in Nebraska and faces up
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Floki Price Soars 13% as Futures Trading Debuts on Kraken
Kraken, a US-based exchange, has introduced Perpetual Futures Trading for Floki (FLOKI), propelling its price upwards. This step has not only increased the trading possibilities but also given FLOKI the reputation of a mature asset in the digital currency world. Kraken Welcomes FLOKI to Futures Trading Kraken’s decision to introduce Perpetual Futures Trading for FLOKI The post Floki Price Soars 13% as Futures Trading Debuts on Kraken appeared first on CoinGape .
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Ex-Speaker Paul Ryan Sees Stablecoin Legislation as Key to Economic Stability
Former U.S. House Speaker Paul Ryan has expressed strong support for stablecoins, suggesting that their regulation could be pivotal in addressing the nation’s economic challenges. In a recent interview with Bloomberg, Ryan highlighted the potential benefits of stablecoins for mitigating the U.S. sovereign debt crisis, currently at $34.7 trillion with over $1 trillion in annual The post Ex-Speaker Paul Ryan Sees Stablecoin Legislation as Key to Economic Stability appeared first on CoinGape .
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Bitfarms Terminates CEO Geoffrey Morphy, Faces $27 Million Lawsuit
Bitfarms Ltd., a global bitcoin mining company, has announced the immediate termination of Geoffrey Morphy as president and CEO, along with his removal as a director. Following his dismissal, Morphy filed a lawsuit against the company, seeking $27 million in damages for alleged breach of contract and wrongful dismissal. Bitfarms is set to defend against
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