The suspect has claimed over 40,000 STRK coins that belonged to victims, before converting them to over $90,000 USDT. Source: https://cointelegraph.com/news/chinese-police-capture-starknet-airdrop-identity-forger-report
Month: May 2024
Crypto veterans call out DOJ for targeting Roger Ver a decade after he left US
A majority of the crypto community criticized the US government for its indictment against Ver, and a few users called it a part of the larger anti-crypto stance of the Biden administration. Source: https://cointelegraph.com/news/crypto-veterans-call-out-doj-targeting-roger-ver
Bitcoin price loses $60K support to hit 2-month lows
Bitcoin traders feel the sting of $160 million liquidations as BTC price returns to levels not seen since February. Source: https://cointelegraph.com/news/bitcoin-price-loses-60k-support-2-month-lows
Blockchair’s Lead Developer Expresses Concerns Over Bitcoin’s Security Budget
Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget. Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving. After the issuance of Runes following the halving, fees have returned to normal levels. Blockchair’s […] Source: https://news.bitcoin.com/blockchairs-lead-developer-expresses-concerns-over-bitcoins-security-budget/
EigenLayer sees over 12,000 queued withdrawals. How far will TVL fall?
Mass withdrawals started on April 29, after EigenLayer’s decision to ban U.S. and Canada-based participants from its upcoming airdrop. Source: https://cointelegraph.com/news/eigenlayer-12-000-queued-withdrawals-how-far-tvl-fall
Nigeria restricts fintech onboarding to stop KYC-evading crypto investors
Nigerian fintech firms OPay, Kuda Bank, Moniepoint and PalmPay were directed to pause the creation of new accounts amid an ongoing audit of their KYC processes. Source: https://cointelegraph.com/news/nigeria-restricts-fintech-onboard-kyc-crypto-investors
What happens to lost Bitcoin?
Billions of dollars worth of Bitcoin are trapped in digital limbo. Discover the strange world of lost Bitcoin and what it means for the future of cryptocurrency. Source: https://cointelegraph.com/explained/what-happens-to-lost-bitcoin
Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Dr. Aaron Lane. Source: https://cointelegraph.com/news/cz-prison-sentence-general-deterrence-says-lawyer
XRP, SOL, and DOGE open interest falls combined 51% in the last month
Dogecoin’s open interest saw the steepest decline among the top ten cryptocurrencies by market cap, falling 64% since the start of April. Source: https://cointelegraph.com/news/xrp-solana-dogecoin-open-interest-decline-cryptocurrency-market
Vitalik Buterin breaks down ‘Binius’ as a way to speed up zero-knowledge proofs
The Ethereum co-founder expects “many more improvements” in binary-field-based proving techniques in the months ahead. Source: https://cointelegraph.com/news/vitalik-buterin-explains-binius-improve-zero-knowledge-proofs