Australia’s competition watchdog has claimed 58% of crypto ads on Facebook are scams; Meta says the data is old and unreliable. Source: https://cointelegraph.com/news/meta-denies-claim-more-half-facebook-crypto-ads-are-scams?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
Donald Trump raked in over $7M from NFTs, new disclosure shows
Former president Donald Trump disclosed that he owns up to $5 million in crypto and has earned over $7 million from his three NFT collections. Source: https://cointelegraph.com/news/donald-trump-raked-over-7-million-in-nfts-disclosure-shows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin has room to fall amid ‘unusual’ open interest: CoinGlass
Total open interest on Bitcoin futures hit $29 billion on Aug. 16 despite a decline in Bitcoin’s price. Source: https://cointelegraph.com/news/bitcoin-room-to-fall-unusual-open-interest-coinglass?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
San Fran city attorney sues sites that ‘undress’ women with AI
Dek: AI-powered websites allowing users to create nonconsensual nude photos of women and girls were visited 200 million times in the first half of the year. Source: https://cointelegraph.com/news/san-francisco-attorney-sues-ai-sites-undress-women?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present interesting opportunities as payment tools, ultimately, no cryptocurrency can currently substitute for the U.S. dollar. Russian Analyst States Bitcoin Won’t […] Source: https://news.bitcoin.com/while-useful-bitcoin-will-not-replace-the-u-s-dollar-russian-analyst-warns/
‘I’m not leaving’ — Megaupload’s Kim Dotcom to fight US extradition
“I love New Zealand. I’m not leaving,” said Bitcache and Megaupload founder Kim Dotcom on X after the New Zealand Justice Minister signed off on a United States extradition order. Source: https://cointelegraph.com/news/megaupload-kim-dotcom-fight-us-extradition-order?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto Criminals Shift Focus to Centralized Exchanges, Chainalysis Report Reveals
Crypto criminals are increasingly targeting centralized exchanges, having made off with more than $1.5 billion in the first half of the year, according to a mid-year report by blockchain analysis firm Chainalysis. It marks a significant shift after four years of heightened focus on decentralized platforms. The report attributes this change to the growing sophistication of attackers, who are now…
Bitcoin critical indicator prints ‘bearish cross’ as it sinks below $58K
The crossing of this indicator on two different timeframes has signaled to traders that short-term performance may be weakening, sparking fear in the market. Source: https://cointelegraph.com/news/bitcoin-price-death-bearish-cross-indicator-bullish-rally-traders?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
IMF Calls for Increased Electricity Taxes on Crypto Miners, AI Data Centers
On Thursday, the International Monetary Fund said an increase in electricity taxes for crypto miners by as much as 85% could play a significant role in curbing global carbon emissions, as the organization continues to sound off warnings relating to the industry. That’s despite smaller operations struggling to turn a profit following Bitcoin’s halving event in April, which has placed…
Pierre Poilievre Backs Bill to Ban Central Bank Digital Currency in Canada
Pierre Poilievre, leader of Canada’s Conservative Party, backs a bill that seeks to ban central bank digital currency (CBDC) in Canada. He argues that a CBDC would give the government excessive control over finances, threatening privacy and economic freedom. “It’s time to put an end to creating a central bank digital currency in Canada,” he […] Source: https://news.bitcoin.com/pierre-poilievre-backs-bill-to-ban-central-bank-digital-currency-in-canada/