The government could also be looking to custody or trade the Bitcoin, based on a recent partnership with Coinbase Prime. Source: https://cointelegraph.com/news/us-government-bitcoin-transfer-coinbase-600m?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
EigenLayer TVL hits $12.9B, climbs 11% in one week: ITB
EigenLayer leads the restaking sector with a $12.9B TVL, driven by AVS rewards and growing interest in Ethereum-based restaking. Source: https://cointelegraph.com/news/eigenlayer-restaking-platform-tvl-growth?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigeria Blocks Jailed Binance Executive Tigran Gambaryan’s Legal Team
Jailed Binance employee and an American citizen, Tigran Gambaryan, is reportedly experiencing severe health issues. Since a Nigerian court adjourned his hearing to October 11, his detention conditions have worsened, and his legal team has been blocked from visiting him, violating Nigerian regulations. Gambaryan requires specialized surgeries for a herniated disc and recurring throat infections. […] Source: https://news.bitcoin.com/nigeria-blocks-jailed-binance-executive-tigran-gambaryans-legal-team/
Coinbase Hints at the Launch of Its Wrapped Bitcoin Alternative on Base
Coinbase, one of the largest U.S.-based cryptocurrency exchanges, has hinted at the launch of its own wrapped bitcoin alternative, cbbtc. On X, Coinbase posted the currency name, followed by another post stating that it was coming soon. Jesse Pollak, the creator of Base, Coinbase’s incubated L2, declared that they were “going to build a massive […] Source: https://news.bitcoin.com/coinbase-hints-at-the-launch-of-its-wrapped-bitcoin-alternative-on-base/
Multiple arrests made in $14.4M Holograph hack investigation
While the suspects’ names remain undisclosed, the arrests mark a significant step toward justice for the victims of the Holograph hack. Source: https://cointelegraph.com/news/holograph-hack-arrests-international-cybercrime-investigation?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Malaysian kidnappers abducted Chinese man for $1M USDT: Report
Six Malaysian nationals, including a couple, have been charged with kidnapping a Chinese citizen and demanding a ransom of $1 million in Tether (USDT). Source: https://cointelegraph.com/news/malaysians-kidnap-chinese-demand-1-million-usdt-ransom?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin sell pressure may break $56K support as options expiry looms
The Bitcoin price could experience significant downside volatility unless it manages to recover above $60,000 before the options expire on Aug. 16. Source: https://cointelegraph.com/news/bitcoin-options-expiry-support-pressure-aug-2024?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance Registers With India’s FIU After Paying $2.25 Million Fine
Crypto exchange Binance has registered with India’s Financial Intelligence Unit (FIU) as a reporting entity, after settling a $2.25 million fine with the agency earlier in the year. Binance CEO Richard Teng described the registration as an “important milestone” for the exchange in a statement shared with Decrypt, adding that “this alignment with Indian regulations allows us to tailor our…
US gov't Bitcoin sale 'doesn't affect anything' as analyst blames bears
Governments divesting themselves of their BTC is a non-event, but Bitcoin bears make sure that the market feels the heat regardless, analysis says. Source: https://cointelegraph.com/news/us-gov-bitcoin-sale-doesnt-affect-anything-analyst?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigerian crypto wallets tied to protests evade government freeze efforts
The discrepancies between the government’s claims and the blockchain data highlight a tense dynamic between digital finance and state authorities. Source: https://cointelegraph.com/news/nigerian-protest-crypto-wallets-active-despite-freeze?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound