A brand new facial reconstruction can’t hide crypto scammer, crypto scam boiler rooms in Malaysia and the Philippines busted: Asia Express Source: https://cointelegraph.com/magazine/korean-scammer-face-coinswitch-warns-wazirx-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
El Salvador President Admits Bitcoin Adoption Has Fallen Short
El Salvador President Nayib Bukele has been an outspoken and strenuous advocate for Bitcoin. While he has long battled with critics, he has now admitted that his Bitcoin experiment has not gone exactly as planned. In an interview with TIME magazine published Thursday, the “world’s coolest dictator”—as Bukele once described himself—conceded that more people in the tiny Central American country…
Report: Paraguayan Bitcoin Mining Industry Provides Fewer Than 400 Jobs
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. Paraguayan Bitcoin […] Source: https://news.bitcoin.com/report-paraguayan-bitcoin-mining-industry-provides-fewer-than-400-jobs/
From DeFi Land to the OpenSea: SEC Threatens the Entire Crypto World
As the U.S. Securities and Exchange Commission (SEC) presses forward with efforts to regulate crypto, the agency’s enforcement threats have left a sprawling paper trail across the industry. Whether it’s entities issuing coins or exchanges enabling them to trade, more market participants are waking up to a so-called Wells notice. On Wednesday, that kind of letter boiled to the surface…
New NCR Atleos/LibertyX feature converts BTC to cash at US ATMs
Users of the LibertyX ATMs can send BTC to a LibertyX address and receive fiat for their crypto at ATMs in 30 states. Source: https://cointelegraph.com/news/ncr-atleos-bitcoin-cashout-atm-feature?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Ex-FTX exec scraps vacating guilty plea, refers matter to partner’s case
Former FTX Digital Markets co-CEO Ryan Salame pleaded guilty to two felony charges in September 2023 and was sentenced to 90 months in prison in May 2024. Source: https://cointelegraph.com/news/ftx-ryan-salame-withdraws-motion-guilty-plea-michelle-bond-case?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Cipher Mining Boosts Bitcoin Data Center Portfolio With 300 MW Texas Site Purchase
This week, Cipher Mining Inc. revealed that it has acquired a sprawling 250-acre property in West Texas, which includes a 300-megawatt (MW) data center. The company also highlighted that this location is ideal for high-performance computing (HPC) services. Cipher Mining Grows to 2.5 GW Portfolio In its announcement, Cipher (Nasdaq: CIFR) shared that it invested […] Source: https://news.bitcoin.com/cipher-mining-boosts-bitcoin-data-center-portfolio-with-300-mw-texas-site-purchase/
ChatGPT may already have more monthly users than Netflix
OpenAI says the chatbot has doubled its user count over the last year to more than 200 million per week. Source: https://cointelegraph.com/news/chat-gpt-may-already-have-more-monthly-users-netflix?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Scams Are Rapidly Evolving Beyond Pig Butchering: Report
Crypto scams are getting smarter, faster, more dynamic—and more painful for victims. That’s according to a new report by blockchain analysis firm Chainalysis, which noted that “many smaller, simultaneous campaigns” by criminal groups are helping them dodge law enforcement. In its mid-year “2024 Crypto Crime” update, published Thursday, the firm said that both on- and off-chain data showed that scams…
DeFi’s Role in Ethereum Spurs Debate Among Crypto Leaders
Vitalik Buterin, co-founder of Ethereum, recently found himself at the center of a heated debate after expressing doubts about the long-term impact of decentralized finance on the broader cryptocurrency ecosystem. In a post on X on August 25th, Buterin suggested that DeFi, while influential, may not be the catalyst needed for a significant surge in cryptocurrency adoption. This viewpoint has…