Bitcoin (BTC) starts a new week at comfortable highs as traders square off over BTC price action to come. As macroeconomic uncertainty continues to grow, Bitcoin is cementing its new trading zone above $30,000. The highest weekly close since early May 2022 is the latest achievement for bulls, and so far, bid support has allowed the market to avoid a…
Month: October 2023
Crypto thief steals $4.4M in a day as toll rises from LastPass breach
Estimates in September revealed that at least $35 million in crypto has been stolen from victims of the LastPass breach since 2022, with the latest hack adding … Source: https://cointelegraph.com/public/index.php/news/lastpass-breach-hacker-steals-millions-crypto-wallets-zachxbt
Standard Chartered-owned crypto platform Zodia launches in Hong Kong
Zodia, the institutional cryptocurrency custody platform co-owned by British banking giant Standard Chartered, Japanese SBI Holdings and the financial firm Northern Trust, is expanding its services to Hong Kong. Zodia Custody is launching services in Hong Kong in response to growing demand for crypto from institutions, Zodia CEO Julian Sawyer said, according to a CNBC report on Oct. 29. According…
Elon Musk says posts busted by Community Notes won’t earn revenue share
Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share,” to stem the flow of misinformation and sensationalism, says Elon Musk. In an Oct. 29 X post, the executive chairman said misleading or inaccurate posts “corrected” by Community Notes — manned by X’s crowdsourced fact-checkers will not be eligible for revenue share. Musk said the change would…
Crypto thief steals $4.4M in a day as toll rises from LastPass breach
Estimates in September revealed that at least $35 million in crypto has been stolen from victims of the LastPass breach since 2022, with the latest hack adding … Source: https://cointelegraph.com/app/public/index.php/news/lastpass-breach-hacker-steals-millions-crypto-wallets-zachxbt
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
Despite Bukele’s popularity, some critics argue he isn’t eligible to be re-elected under El Salvador’s constitution. Source: https://cointelegraph.com/public/index.php/news/el-salvador-pro-bitcoin-president-nayib-bukele-reelection
Gary Gensler’s Bitcoin ETF position is ‘inconsistent’… says Gary Gensler
Gary Gensler once criticized the United States securities regulator for its “inconsistent” approach to spot Bitcoin (BTC) products, according to a resurfaced video of Gensler from 2019. The video clip, which has recently made the rounds again on social media, shows the pre-SEC Gensler discussing blockchain regulation at the 2019 MIT Bitcoin Expo in a fireside chat with Securities and…
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
Despite Bukele’s popularity, some critics argue he isn’t eligible to be re-elected under El Salvador’s constitution. Source: https://cointelegraph.com/app/public/index.php/news/el-salvador-pro-bitcoin-president-nayib-bukele-reelection
El Salvador pro-Bitcoin president Nayib Bukele launches re-election bid
El Salvador president Nayib Bukele has filed paperwork to be re-elected in the country’s upcoming 2024 presidential election in February. Bukele, a Bitcoin advocate, received strong support from the public on Oct. 26 after he was officially nominated by his party to run for re-election. “Five more [years], five more and not one step back,” Bukele said in a speech…
Crypto thief steals $4.4M in a day as toll rises from LastPass breach
At least 25 people have reportedly seen $4.4 million in crypto drained from across 80 wallets due to a 2022 data breach that impacted password storage software LastPass. In an Oct. 27 X (Twitter) post, pseudonymous on-chain researcher ZachXBT said they and MetaMask developer Taylor Monahan tracked the fund movements of at least 80 wallets compromised on Oct. 25. “Most,…