Following the arrest of the developers of Samourai Wallet, several other Bitcoin coin mixing operations see the writing on the wall and are leaving the United States for more crypto-friendly regions. In April, the US Attorney’s Office of the Southern District of New York charged Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill with operating “a cryptocurrency mixer” that…
Month: May 2024
GNUS Discord hack causes $1.27M in losses
The attacker was able to view team members’ private Discord messages, allowing them to gain access to the team’s wallet address and mint 100 million fake tokens. Source: https://cointelegraph.com/news/gnus-discord-hack-causes-1-27-million-losses
Bitcoin distribution 'danger zone' over, analysts say
Bitcoin’s post-halving “danger zone” is over as Bitcoin establishes a firm footing above the $60,000 re-accumulation range, new analysis suggests. Source: https://cointelegraph.com/news/bitcoin-distribution-danger-zone-over-analysts
Fairshake PAC and affiliates raise $102M to support crypto candidates
The Super PAC and its two affiliates have backed ads or otherwise supported efforts for crypto-focused candidates from both major political parties. Source: https://cointelegraph.com/news/super-pac-affiliates-fundraise-crypto-candidates
Marathon Digital, Kenyan government discuss crypto policy, energy use
The Kenyan president announced the talks at an American business summit in Nairobi attended by the U.S. commerce secretary. Source: https://cointelegraph.com/news/marathon-digital-consults-kenyan-government-crypto-policy
2014 Bitcoin Whale Awakens, Spends 1,005 BTC Valued at $64 Million After a Decade
Contrary to several earlier reports, it has been revealed that not only were 687.33 bitcoins transferred from a dormant 2014 wallet on May 6, 2024, but the owner also appears to have expended a total of 1,005.33 BTC, equivalent to almost $64 million at current exchange rates. 1,005 Bitcoin Worth $64 Million Moved From 2 […] Source: https://news.bitcoin.com/2014-bitcoin-whale-awakens-spends-1005-btc-valued-at-64-million-after-a-decade/
Bitcoin price still in ‘prime buy zone’ even with rally to $65K
Analysts say Bitcoin price remains in an optimal buy zone even after BTC rallied to $65,500 today. Source: https://cointelegraph.com/news/bitcoin-price-still-in-prime-buy-zone-even-with-rally-to-65k
Gala Rises 13% in a Week as Analyst Backs Its Price to Double While DICE Presale Hits $770k
Gala (GALA), the token powering the Gala Games ecosystem, has been making some serious moves in the past week. GALA has soared 13% over the last seven days – and now one popular analyst is claiming that the token could realistically double from here. Analyst Predicts GALA Could Double as Technicals Strengthen It’s been a […] Source: https://news.bitcoin.com/gala-rises-13-in-a-week-as-analyst-backs-its-price-to-double-while-dice-presale-hits-770k/
Yearly Low: Ethereum’s Gas Fees Drive ETH Burn
Ethereum (ETH) witnessed a significant decline in daily ETH burned, hitting a yearly low primarily due to decreased gas fees. Gas fees currently range between 5 and 10 gwei, marking one of the lowest levels observed this year. The Ethereum network experiences a notable decrease in the daily volume of ETH burned, reaching its lowest point this year, largely influenced…
Jack Dorsey’s Block to raise $1.5B in senior notes offering
Fitch Ratings notes that Block has used convertible debt for external funding since its IPO and is well-positioned to exploit the growth in payments and consumer financial services. Source: https://cointelegraph.com/news/jack-dorsey-block-raise-1-5-billion-senior-notes-offering