cryptocurrency News

Boom or Bust? Welcome to the Freewheeling World of Crypto Lending

LONDON, Aug 26 — It sounds like a surefire bet. You lend money to a borrower who puts up collateral that exceeds the size of the loan, and then you earn interest of about 20%. What could possibly go wrong? …

Twitter Scammers Just Wanted Money. But What if They Had Worse Plans?

The hackers who seized control of the Twitter accounts of Joe Biden, Kim Kardashian, Barack Obama and Elon Musk appear to have been in it only for the money. But with social media now the main way many politicians, countries …

Compliance Officers Wary of Switch to ‘Wild West’ Crypto Sector

NEW YORK/LONDON — After almost three decades in senior compliance roles at large financial firms including Bank of New York Mellon’s Pershing and Goldman Sachs Group Inc, Jeff Horowitz made an unconventional career move. In July he became chief compliance …

Insurers Offering Crypto Heist Policies on the Down-Low

In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that …

Bitcoin Claims, Ransom Demands Skyrocket

Hey, want those photos and files back? It may cost more than it used to. Thank bitcoin. Chubb Ltd., best known for catering to wealthy families and corporations, is among at least three insurers facing a jump in costs tied …