The Federal Bureau of Investigation (FBI) has arrested two men who participated “in a violent plan to break into a family’s home in the middle of the night” to steal bitcoin worth tens of millions of dollars,” according to the U.S. Department of Justice. They could go to prison for 20 years. 2 Men Charged for Planning to Steal Bitcoin…
Gensler said he saw many crypto assets having attributes of a security, adding that Bitcoin is the only crypto he was comfortable publicly labeling as a commodity. Source: https://cointelegraph.com/news/community-reacts-after-sec-s-gensler-affirms-btc-s-commodity-status
The exploiter seems to have rejected the Harmony team’s bounty offer of $1 million to return the $100 million stolen from the Horizon Bridge token bridge. Source: https://cointelegraph.com/news/harmony-hacker-sends-stolen-funds-to-tornado-cash-mixer
This is an opinion editorial by Jordan Wirsz, an investor, award-winning entrepreneur, author and podcast host. Bitcoin’s correlation to inflation has been widely discussed since its inception. There are many narratives surrounding bitcoin’s meteoric rise over the last 13 years, but none so prevalent as the debasement of fiat currency, which is certainly considered inflationary. Now Bitcoin’s price is declining,…
The hackers responsible for stealing $100 million in altcoins from Harmony Protocol‘s Horizon bridge have begun to launder the funds, according to PeckShield. The hackers sent three transactions from the address used in the June 23rd hack totaling around 30K ETH (around $36 million) to the mixing service Tornado Cash, with $64 million still in the hacker’s Ethereum wallet, according…
This is an opinion editorial by Brandon Green, the chief of staff for BTC Inc. Disclaimer: BTC Inc is the parent company of Bitcoin Magazine. We at Bitcoin Magazine have been hard at work growing the visibility and voice of the Bitcoin movement. We’ve built a website to share current events and ideas, some social media accounts to break news…
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says bitcoin is a commodity. He emphasized that the SEC, the Commodity Futures Trading Commission (CFTC), and banking regulators will collaborate to oversee the crypto sector. Gary Gensler: Bitcoin Is a Commodity SEC Chairman Gary Gensler clarified his position on cryptocurrency, particularly bitcoin, in an interview with Mad…
The Moroccan central bank is presently working on a cryptocurrency regulation framework bill and according to the bank’s governor, Abdellatif Jouahri, this is set to be introduced soon. The regulatory framework being worked on will result in Morocco’s money laundering and anti-terrorism financing regulations being upgraded. Crypto Regulation Best Practices A Moroccan central bank committee is working to put in…
Faustin-Archange Touadéra, president of the Central African Republic, has announced the government will be backing an initiative centered around developing the country’s blockchain infrastructure. In a Monday announcement on Twitter, Touadéra said the CAR government would be launching Sango, a crypto initiative proposed following the country’s adoption of Bitcoin (BTC) as legal tender in April. According to Sango’s website, the…
For Maurice Mureau, CEO of crypto investment fund operator Hodl, there’s “not a lot left” to invest in anymore. With soaring inflation, bonds are no go, real estate is getting more difficult but there is one asset class that’s (unsurprisingly) catching the fund manager’s attention — cryptocurrencies. During the European Blockchain Convention in Barcelona this week, Cointelegraph editor Aaron Wood…
