What the hell just happened in crypto? A Q&A in plain English about Binance’s takedown of FTX

Crypto people have seen things. They’ve seen massive hacks and mind-boggling swindles and stunning success stories. But never have they seen a day like Tuesday, when the world’s biggest crypto exchange carried out the corporate equivalent of murder on its closest competitor. If you’re not steeped in crypto and are wondering what everyone else is … Read more

“Late-stage dementia”: Trump erupts on Truth Social over Joe Biden’s MAGA takedown

Former President Donald Trump bizarrely claimed that President Joe Biden’s forceful rebuke of “MAGA Republicans” on Thursday was a threat to use military force. Biden, who recently described Trump’s brand of right-wing ideology as “semi-fascism,” delivered an impassioned takedown of Trump’s wing of the Republican Party in a primetime speech at Independence Hall in Philadelphia. … Read more

Australian regulator trials auto take-down of crypto scam sites

Cybersecurity specialists have welcomed a new trial by the Australian Competition and Consumer Commission (ACCC) to automatically take down scam websites. The trial saw dozens of scam sites, including crypto scams, knocked offline after more than 300 were reported. The ACCC reported that Australians had lost $113 million in cryptocurrency scams last year. The new trial … Read more