As Zhao attempts to clarify her past actions and emphasize her commitment to transparency and accountability in future endeavors, the crypto community remains divided. Source: https://cointelegraph.com/news/zachxbt-questions-irene-zhao-crypto-accountability?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Senator Warren Calls for Tougher Regulations to Combat National Security Risks From Foreign Crypto Mines
Senator Elizabeth Warren has called for stricter regulations to address the risks of foreign-owned cryptocurrency mining facilities in the U.S. She highlighted the environmental and national security threats, especially from Chinese-owned operations, and stressed the importance of stronger laws to regulate crypto mining and prevent foreign exploitation. Senator Warren Raises Concerns Over Foreign-Owned Crypto Mining […] Source: https://news.bitcoin.com/senator-warren-calls-for-tougher-regulations-to-combat-national-security-risks-from-foreign-crypto-mines/
This Week in Coins: Ethereum ETFs Up, ETH Price Down as Bitcoin and Trump Take Nashville
Illustration by Mitchell Preffer for Decrypt. After an eventful week, with the launch of spot Ethereum exchange-traded funds (ETFs) and Bitcoin 2024 kicking off, prices are surprisingly flat over the seven-day period. Most surprisingly—or probably not that much of a shock—is Ethereum, the second-biggest cryptocurrency by market cap: it’s down 7% over the week, despite the sought-after funds finally launching. On…
Ethereum Activity Surges as Crypto Market Remains ‘Healthy’: Report
A new report from the institutional division of crypto exchange Coinbase, prepared in partnership with crypto intelligence firm Glassnode, reveals that despite a period of consolidation in the second quarter of 2024, the cryptocurrency market remains robust and continues to grow. The second quarter reflected price consolidation, during which the prices of major assets remained in a relatively tight price…
WazirX launches fair fund recovery plan post $230M hack
Drawing lessons from past incidents such as the Mt. Gox and Bitfinex hacks, WazirX aims to apply the best practices from these cases to ensure a fair and efficient resolution. Source: https://cointelegraph.com/news/wazirx-socialized-loss-strategy-230m-hack?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FBI Seizes Cryptocurrency Linked to North Korean Ransomware
A grand jury in Kansas City indicted North Korean national Rim Jong Hyok for his role in a conspiracy involving ransomware attacks on U.S. hospitals and healthcare providers. The group laundered cryptocurrency proceeds and used the funds for further cyber intrusions into global defense, technology, and government entities. The ransomware attacks disrupted patient care and […] Source: https://news.bitcoin.com/fbi-seizes-cryptocurrency-linked-to-north-korean-ransomware/
Grayscale Ethereum Trust ETF hits historic net outflow of $1.5B
Based on the present rate of outflows, ETHE’s ether reserves may be exhausted in a relatively short timeframe, potentially within weeks. Source: https://cointelegraph.com/news/grayscale-ethereum-trust-etf-historic-1-5-billion-outflow?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
X faces controversy over using user data for training AI model Grok: Report
Several X accounts have made comments on the default setting on the social media platform that allows user’s data “to train Grok.” Source: https://cointelegraph.com/news/billionaire-elon-musk-ai-chatbot-grok-data-sharing-controversy?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The next SEC chair must be named before US election — Tyler Winklevoss
Gemini co-founder Tyler Winklevoss argues that the cryptocurrency industry should not “tolerate any possibility of a repeat of the last 4 years.” Source: https://cointelegraph.com/news/united-states-sec-chair-reveal-election-cryptocurrency-industry-gemini-tyler-winklevoss?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635445016884&utm_campaign=rss_partner_inbound
Philippines Plans to Introduce Wholesale CBDC by 2029
Bangko Sentral ng Pilipinas (BSP) plans to introduce its wholesale central bank digital currency (CBDC) by 2029. The Philippine central bank’s CBDC initiative is near its proof-of-concept completion. “This is an innovative payment instrument,” said the BSP deputy governor. “This is an entirely new thing, and we have to make sure that we can offer […] Source: https://news.bitcoin.com/philippines-plans-to-introduce-wholesale-cbdc-by-2029/