Month: April 2024

Rich Dad Poor Dad author Robert Kiyosaki has issued a stark warning that the U.S. economy is currently in a depression. He points to the subpar economic growth, with a 3.4% increase in GDP for Q4 2023 and a 1.6% rise in Q1 2024 as clear indicators. Kiyosaki asserts that a soft landing for the […] Source: https://news.bitcoin.com/rich-dad-poor-dad-author-robert-kiyosaki-declares-us-economy-in-a-depression/

In a notable development, the U.S. Department of Justice (DOJ) has countered a motion to dismiss the criminal charges against Roman Semenov, a developer of the cryptocurrency mixing service Tornado Cash, highlighting the alleged strength of its case in a recent court submission. Prosecutors Assert Strong Evidence Is Coming in Tornado Cash Laundering Case The […] Source: https://news.bitcoin.com/doj-counters-motion-to-dismiss-charges-against-tornado-cash-developer/

Slowmist, teaming up with Imtoken, has exposed a new cryptocurrency scam exploiting offline transactions and using USDT, where scammers manipulate Ethereum RPC to falsify USDT balances in the victim’s wallet. The con artists coax victims into changing their Ethereum RPC URL to one they control, making it appear as though USDT funds were deposited, only […] Source: https://news.bitcoin.com/scammers-trick-crypto-users-with-faked-usdt-balances-slowmist-reports/

In a decisive move, Zksnacks announced on Saturday that it will block all U.S. residents and citizens from accessing its bitcoin mixer, Wasabi Wallet. This policy change comes as U.S. authorities intensify their crackdown on unregulated crypto activities, spotlighting the recent indictment of Samourai Wallet founders. Wasabi Wallet Withdraws from U.S. Market to Avoid Regulatory […] Source: https://news.bitcoin.com/zksnacks-bars-us-users-from-wasabi-wallet-in-wake-of-samourai-indictment/

After the Samourai Wallet indictment, the cryptocurrency community discovered that the Bitcoin blockchain analysis platform OXT is no longer operational, as it was acquired by the Samourai team in December 2017. On April 25, Laurentmt, a co-founder of OXT and bitcoin advocate, revealed the closure on the social media site X with the statement, “RIP […] Source: https://news.bitcoin.com/crypto-community-loses-oxt-analysis-tool-amid-legal-troubles-for-samourai-wallet/

According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices of application-specific integrated circuit (ASIC) bitcoin mining rigs, highlighting […] Source: https://news.bitcoin.com/amid-shifts-in-bitcoin-mining-economics-steep-discounts-emerge-for-older-asic-rigs/