US lawmakers request crypto firms provide info on diversity and inclusion

A group of five lawmakers from the United States House of Representatives has requested data on the diversity and inclusion practices of 20 major firms dealing with cryptocurrencies and Web3. In a Thursday notice, House Financial Services Committee chair Maxine Waters along with Representatives Joyce Beatty, Al Green, Bill Foster and Stephen Lynch penned a letter requesting U.S.-based crypto firms provide information on “how and whether the industry is working toward a more equitable environment for everyone.” The lawmakers sent letters to 20 companies including Aave, Binance.US, Coinbase, Crypto.com, FTX,…

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US lawmaker calls for Apple and Google to provide info on fake crypto apps

Senator Sherrod Brown, chair of the Senate Banking Committee, has penned letters to the CEOs of Google’s parent company Alphabet and Apple calling for the tech firms to provide information on the ways they prevent certain apps from promoting crypto scams. According to the letters published on Thursday, Brown asked Apple CEO Tim Cook and Alphabet CEO Sundar Pichai for the steps the tech giants were taking in the approval of crypto apps on Apple and Android devices. The senator requested information related to how the companies assessed if apps…

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Jim Cramer thinks GameStop should convert its stores into crypto info centers

With GameStop’s stock more than doubling in price over the last two days, CNBC’s Jim Cramer is proposing the brick-and-mortar company change its business model to be more inclusive of cryptocurrencies.  Speaking on CNBC’s Squawk Box today, the Mad Money host suggested that he had a plan to “justify the stock price” of GameStop. At the time of publication, the price of GME is $131.17 — an increase of more than 175% in the last 24 hours after weeks of sideways action. In addition to following the example of Tesla,…

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US AML watchdog wants info on all international crypto transactions over $250

The Financial Crimes Enforcement Network (FinCEN) and Federal Reserve are looking to get more information on smaller transactions than ever before.  According to a notice of proposed rulemaking published on Friday, the agencies want to lower the $3,000 threshold established in 1995 to $250 for international transactions, meaning that financial institutions would need to exchange client information alongside all transactions greater than $250 that begin or end outside of the United States. Which is to say, the Travel Rule, as it is known, would apply to quite small amounts of money changing…

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New Zeland’s tax authority grills companies for info on crypto users

New Zealand businesses must now submit information on their clients’ digit asset usage to the country’s tax regulator, the Inland Revenue Department, or IRD.  The governing body said it wants to get a better grasp on the crypto scene in the country and determine an applicable tax framework for the asset class, according to a statement reported by Radio New Zealand, or RNZ. In addition to specifics around crypto usage, the IRD will also request associated client information, RNZ wrote.  The IRD is not the only government body dialing in on digital…

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Data Breach at Crypto Wallet Firm Ledger Exposes User’s Personal Info

Major cryptocurrency hardware wallet provider Ledger has alerted customers to a data breach it faced in June and July. In an email on July 29, the company said it was made aware of the breach on July 14 when a researcher participating in its bounty program reached out with details of a potential vulnerability on their website. While they were able to fix the breach immediately, a further investigation by the team found that an authorized third party carried out a similar action on June 25.  The individual used an…

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Hacker Sells Tens of Thousands of Ledger, Tezor, and Keepkey Users’ Info

The hacker that breached the Ethereum.org forum is allegedly selling the databases for the three most-popular crypto hard wallets — Ledger, Trezor, and KeepKey. The three databases contain the name, address, phone number, and email for more than 80,000 users combined, however, they do not contain passwords for the accounts. The hacker has also recently listed the SQL database for online investment platform, BnkToTheFuture. Ledger and Trezor databases reportedly compromised On May 24, cyber crime monitoring website, Under the Breach, spotted the hacker’s new listings for the databases of the…

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