BitcoinInsider

Ripple's XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token's plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked crypto token had seen traded volumes of $4.85 billion recorded in 24 hours. $1.3 Billion Lawsuit As data on markets.Bitcoin.com suggests, the sell-off of the XRP token appears to have been sparked by Ripple CEO Brad Garlinghouse's warning that the SEC was about to launch legal proceedings against the company. A day later, the SEC announced the $1.3 billion legal action against Ripple and two of its executives for allegedly conducting an unregistered security offering. Meanwhile, as the XRP token continues to plummet, an angry Garlinghouse has accused the US regulator of being biased against Ripple while appearing to give a free pass to BTC and ETH. In its dete...

Trezor has warned users of its hardware wallet about a phishing scam it said was related to an earlier hack on one of its competitors. The company said the attackers claim a user's wallet has been disabled, before redirecting to a clone site to steal their credentials. In a blog post, Trezor revealed that the attackers have been sending its users emails claiming they need to pass verification due to new KYC regulations. It then provided a website that's a replica of wallet.trezor.io on which the users can supposedly verify their identity. This site requests the users to key in their recovery seed, giving the attackers full control of the wallet. Trezor reminded its users that they "will not be asked to enter their seed anywhere other than on their Trezor device." It also assured its users that all their funds are safe and that no Trezor customer data has been leaked. "We continue to operate under a policy where we anonymize all customer data from e-commerce with...