Bitcoin.com Doubles Down on Non-Custodial Model

Bitcoin.com, in line with its vision to support ‘economic freedom,’ is refocusing its efforts on non-custodial, or ‘self hosted,’ crypto products, including exchange. Therefore, the Bitcoin.com Wallet, which is fully non-custodial and provides users with direct access to public blockchains like Bitcoin, Bitcoin Cash, and Ethereum will be the company’s flagship product going forward. What’s the non-custodial model? When you take...

Nigerian Central Bank Threats Force Parallel Exchange Rate Tracker to Suspend Service

Following threats from the Central Bank of Nigeria (CBN), the management of Abokifx, a website that tracks the Nigerian currency’s black market exchange rates, has announced the suspension of their daily updates. This suspension will remain in effect until Abokifx gets “better clarity of the situation,” management said on September 17, 2021. Tracking of Parallel Market Rates ‘Undermining’ Nigerian Economy Abokifx’s...

Cross-Chain Bridges That Connect 5 Different Blockchains to Ethereum

During the last few months, cross-chain bridge technology has grown a great deal and users can now swap assets between a myriad of networks. Today, between eight different bridges there’s $7.6 billion total-value locked across these platforms. Cross-Chain Bridges There’s a decent quantity of cross-chain blockchain bridges these days and it has allowed users to do a variety of different decentralized...

Russian Court Confirms Arrest Warrants for 3 Finiko Founders

Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three Finiko Ponzi Scheme Members Still Wanted The Supreme Court of Tatarstan, a republic of the Russian Federation, has confirmed the arrest...

AT&T Sued by Customer After Security Breach Led to Theft of Cryptocurrency

An AT&T customer filed a lawsuit against the company last week accusing it of failing to provide “reasonable and appropriate security to prevent unauthorized access to its customer wireless accounts.” This has led to the theft of cryptocurrency from the plaintiff’s crypto exchange account. AT&T Sued by Crypto Investor An AT&T customer, Jamarquis Etheridge, filed a lawsuit in the district court...