Bitcoin price came within 5.7% of its peak today as the week begins with positive sentiment. Source: https://cointelegraph.com/news/bitcoin-pushes-toward-70k-day-after-trump-bitcoin-conference?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Compound Finance Proposal Passes Sparking Concerns Over ‘Governance Attack’
A substantial drain on Compound Finance’s treasury, allegedly facilitated by a COMP whale known as “Humpy” via a recent governance proposal, has ignited concerns over the integrity of decentralized autonomous organizations (DAOs). Humpy allegedly leveraged his substantial holdings to pass a proposal on Sunday that redirected 499,000 COMP tokens, valued at approximately $25 million, from the Compound treasury to a…
Hacker gets 3.5 years prison for $900K Coinbase login scam: Report
A UK hacker faces prison for his Coinbase dummy website scam, an El Paso man’s alleged crypto “Ponzi” funded his lavish lifestyle, and Washington DFI flags the latest potential crypto fraud. Source: https://cointelegraph.com/news/crypto-hacker-sentenced-jail-after-coinbase-dummy-website-scam?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
$600M XRP token release to bring August crypto unlocks to $1.5B
The month of August is shaping up to be a big month for token unlocks, with just shy of $1.5 billion in tokens being released to the market. Source: https://cointelegraph.com/news/xrp-token-unlock-600-million-bring-august-crypto-unlocks-billion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Scammers Use Deepfake Elon Musk Video to Steal Crypto During Bitcoin 2024 Event
Although the Bitcoin 2024 event has wrapped up, the past three days have seen a deepfake Elon Musk “double-your-money” scam on Youtube. Posing as the official Bitcoin 2024 livestream, the scam has tricked unsuspecting users into parting with their crypto assets. Over the weekend, multiple deepfake livestreams featuring Musk were active, with one specific video […] Source: https://news.bitcoin.com/scammers-use-deepfake-elon-musk-video-to-steal-crypto-during-bitcoin-2024-event/
Citron crypto-skeptic Andrew Left to face fraud charges
The crypto-skeptic could spend 25 years behind bars should he be convicted on all 18 fraud-related charges. Source: https://cointelegraph.com/news/short-seller-andrew-left-citron-accused-16-million-mislead-retail-investors?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Above $69,000 as Inflation Shows Signs of Easing Ahead of Fed Meeting
U.S. prices rose modestly in June, suggesting cooling inflation that might allow the Federal Reserve to cut interest rates in September and provide a pathway for higher prices in risk assets, including crypto. The Commerce Department reported on Friday that consumer spending slowed slightly last month. Easing price pressures and a cooling labor market may bolster Fed officials’ confidence that…
Latam Insights: US Department of State Acknowledges Bitcoin Helped Revive El Salvador’s Tourism, Paraguayan Government Dismisses Power Fee Hike Concerns
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: The U.S. Department of State states bitcoin helped drive tourists to El Salvador, Paraguay dismisses concerns about power fee hikes for bitcoin mining activities, and Salvadoran basic goods’ prices reach record highs. US […] Source: https://news.bitcoin.com/latam-insights-us-department-of-state-acknowledges-bitcoin-helped-revive-el-salvadors-tourism-paraguayan-government-dismisses-power-fee-hike-concerns/
Vivek Ramaswamy Predicts Trump’s Crypto Advantage and Harris’ Digital Asset Policy
Vivek Ramaswamy, a former presidential candidate, has predicted that former U.S. President Donald Trump will gain support from pro-bitcoin and pro-crypto voters while Vice President Kamala Harris will “scramble to come up with some phony ‘digital asset’ policy framework to pander to pro-crypto voters.” Trump has embraced a pro-crypto stance, pledging support at the recent […] Source: https://news.bitcoin.com/vivek-ramaswamy-predicts-trumps-crypto-advantage-and-harris-digital-asset-policy/
University of Wyoming launches Bitcoin Research Institute
The Bitcoin Research Institute will open in August as part of the University of Wyoming’s College of Arts and Sciences. Source: https://cointelegraph.com/news/bitcoiners-launch-bitcoin-research-institute-university-of-wyoming?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound