The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
Cash isn’t king anymore for many people in Ridgewood. Traditional banks, with their maintenance fees, paperwork, and limited returns, are no longer the automatic go-to. A growing number of residents are opting to store and move their money in the form of cryptocurrency, citing speed, control, and potential profits as primary drivers behind the shift.
Continue reading Why Some Ridgewood Residents Are Choosing Crypto Over Banks
the staff of the Ridgewood blog
Ridgewood NJ, the hacker who recently stole $611 million in cryptocurrencies from the decentralized Poly Network finance platform is ready to surrender and has started to return the funds. It is likely that the hacker has been caught and that they are trying to avoid criminal charges. While this was one of the largest thefts in DeFi history, the damage may be limited. It can be difficult to launder or cash out cryptocurrency without leaving a trail of clues, so the incident may discourage future attacks.
Continue reading The hacker behind a giant cryptocurrency heist is returning stolen funds
the staff of the Ridgewood blog
Ridgewood NJ, Acting Attorney General Andrew J. Bruck today announced that the Bureau of Securities has issued a Summary Cease and Desist Order to stop a financial services company based in Jersey City from selling unregistered securities in the form of interest-earning cryptocurrency accounts that have raised at least $14.7 billion worldwide.