Bitcoin whales jump at the chance to buy cheap BTC with spot sellers showing knee-jerk reactions in a choppy trading environment. Source: https://cointelegraph.com/news/bitcoin-whale-buys-1k-btc-binance-selling-sub-58k-low?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Crypto hackers surpass $1.2 billion stolen in 2024: Immunefi
Crypto hackers have stolen over 15.5% more in 2024 so far compared to the same period last year. Source: https://cointelegraph.com/news/hackers-surpass-1-2-billion-stolen-2024-immunefi?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Lightning Network Protocol Stacks Completes Nakamoto Upgrade With Defi Features
The Bitcoin Lightning Network’s Stacks protocol has completed its Nakamoto upgrade, finalizing a series of enhancements that began in April 2024. This latest phase, delivered on August 28, 2024, introduces stronger transaction finality guarantees, reduces miner extractable value (MEV) opportunities, and improves network resilience. Additionally, the upgrade prepares the network for the introduction of sbtc, […] Source: https://news.bitcoin.com/lightning-network-protocol-stacks-completes-nakamoto-upgrade-with-defi-features/
Parafi Capital's $120M fundraise signals renewed growth for crypto funds
Crypto firms, VCs have been raising capital this year as cryptocurrency prices recover, improving overall market sentiment. Source: https://cointelegraph.com/news/parafi-capital-fundraise-signals-renewed-growth-crypto-funds?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
How Big Tech handles privacy and governments’ data demands
When privacy is at stake, how do tech leaders respond to government demands? Take a look at the tactics of the Big Five. Source: https://cointelegraph.com/news/big-tech-privacy-government-data-regulation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Missouri Man Arrested for Extorting Former Employer With Bitcoin Ransom
A Missouri man, Daniel Rhyne, was arrested for attempting to extort his former employer, a New Jersey-based industrial company. Rhyne, a former core infrastructure engineer for the company, allegedly sent an extortion email on Nov. 25, 2023, claiming to have locked out or deleted the company’s IT administrators from its computer network and deleted server […] Source: https://news.bitcoin.com/missouri-man-arrested-for-extorting-former-employer-with-bitcoin-ransom/
NVIDIA Shares Tumble 6% Despite $16.6 Billion in Profits—What’s Spooking Investors?
NVIDIA posted blockbuster earnings for the second quarter ending July 28—only to watch its stock take a nosedive on Wednesday. The company reported a net income of $16.6 billion, with adjusted net income reaching $16.95 billion after accounting for one-time items. Revenue surged to $30 billion, representing a remarkable 122% increase from the same period last year and a 15%…
Inferno Drainer usage triples as crypto scams soar in 2024
According to data from Web3 security firm Blockaid, the number of Inferno Drainer DApps surged to 40,000 by the end of July. Source: https://cointelegraph.com/news/inferno-drainer-dapp-surge-crypto-scam-trends?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Indonesia considering Telegram ban over lack of moderation
Telegram has reportedly failed to improve moderation and issue a resolution over illicit content distribution after several requests from Indonesia. Source: https://cointelegraph.com/news/telegram-ban-indonesia-moderation-content?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto.com, Standard Chartered partner for global fiat services
Crypto.com partners with Standard Chartered Bank to provide fiat currency services in over 90 countries, starting in the UAE. Source: https://cointelegraph.com/news/crypto-com-standard-chartered-global-fiat-services?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound