Last week saw a massive collection of news regarding the crypto world, and now, we are rounding them up for you via Tech Times' CryptoWatch to get up to date on the latest in the industry. One of the most significant changes now is GameStop which recently announced the upcoming end-of-service of its renowned crypto and NFT wallet.
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On the other hand, a New York couple dubbed as 'Bitcoin Bonnie and Clyde' already pleaded guilty in courts, with Kenya also suspending Worldcoin.
GameStop Ends Crypto, NFT Wallet Service
Announced and opened only last year, GameStop's renowned blockchain Wallet is already seeing its end-of-service later this year, with owners getting until November 1 to use and transfer their assets to other providers. The main reason for GameStop's shutdown is because of "regulatory uncertainty," but the company did not expound on its specifics.
Right on its website, users will be met with a banner that announces its Wallet's end, with the company giving a short explanation as to what happened and what will take place in the future.
Users are given until October 1 to secure their 'Secret Passphrase' from their respective accounts to access their wallets securely. They are given until the start of November to withdraw their assets and holdings to transfer to other wallets.
Despite this, a report claimed that GameStop will continue selling NFTs.
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Bitcoin Bonnie and Clyde Pleads Guilty
The infamous New York couple called "Bitcoin Bonnie and Clyde" pled guilty to their crimes and actions against other owners, with the pair hacking wallets since 2016. For as much as six years, Ilya Lichtenstein, 35, and Heather Morgan, 33, have hacked people's accounts for their gain, with the authorities able to track the said funds.
Lichtenstein and Morgan were able to amass as much as 95,000 bitcoin, with a valuation of $3.6 billion during that time, which the US government seized.
According to the report, the pair engaged in money laundering schemes and created fake accounts to continue their operations, misappropriating as much as 120,000 Bitcoins from Bitfinex.
The pair are also known for their lavish lifestyle in Manhattan, attracting attention in the media.
Kenya Suspends Worldcoin
Kenya has put a stop to Worldcoin's operations in the country, especially as it opened registration in the region, as many Kenyans looked to avail of the said service. One of the most notable promises of Worldcoin is it will give registrants cryptocurrency tokens in exchange for their iris scans, most notably known for its creator and also OpenAI founder, Sam Altman.
The Kenyan government highlighted its worries regarding data privacy and security of the individuals that are queueing up for the money it offers.
According to Reuters, the country is citing the safety concerns for the public regarding this "free money" that Worldcoin offers, especially in today's age where this biometric data can be used for massive fraudulence if it falls into the wrong hands.
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