iVest hit with “null address” exploit, millions of PCs at risk to “un-removable” malware, Web3 gamer tricked into $69K approval: Crypto-Sec. Source: https://cointelegraph.com/magazine/ivest-hacked-sinkclose-affects-amd-devices-usdt-phishing/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: August 2024
How to Run the Powerful Flux AI Image Generator on Less Powerful PCs
When Flux burst onto the scene a few days ago, it quickly earned a reputation as the crown jewel of open-source image generators. It matched Midjourney’s aesthetic prowess while absolutely crushing it in prompt understanding and text generation. The catch? You needed a beefy GPU with over 24GB of VRAM (or even more) just to get it running. That’s more…
SEC Charges Novatech in $650 Million Crypto Fraud Scheme
The U.S. Securities and Exchange Commission (SEC) has charged the masterminds behind Novatech with running a fraudulent $650 million crypto scheme. Novatech allegedly operated as a multi-level marketing and crypto asset investment program, where most investor funds were misappropriated to pay existing investors and promoters. SEC Charges Novatech Ltd. in $650 Million Crypto Fraud Case […] Source: https://news.bitcoin.com/sec-charges-novatech-in-650-million-crypto-fraud-scheme/
El Salvador Announces $1.6 Billion Investment That Will Kickstart ‘Bitcoin City’
El Salvador is getting a massive infrastructure investment that’s expected to support the buildout of its visionary “Bitcoin City.” The government said Sunday that Yilport, a Turkish holding company, will invest $1.62 billion in two of El Salvador’s seaports, marking the largest private investment in the country’s history. “This will be a mixed-ownership company between the Yilport company and [El…
Controversy Over Morgan Stanley’s Spot Bitcoin ETF Recommendation
Financial services industry consultant John Reed Stark has raised concerns about Morgan Stanley’s recent move to permit its wealth advisors to recommend spot Bitcoin ETFs to clients. Stark, president of a consulting firm based in Bethesda, Md., warned that this decision could invite substantial regulatory scrutiny. In a post on X, Stark suggested that Morgan Stanley’s action might trigger what…
Detained Binance Exec’s Health Is ‘Shockingly Bad’ in Nigerian Prison, Wife Says
Tigran Gambaryan—a former high-ranking executive at cryptocurrency exchange Binance who was taken into custody in Nigeria in February—is still being denied access to his legal team and experiencing a rapid decline in his health, according to his legal team. According to a statement shared with Decrypt, the circumstances for Gambaryan have worsened significantly since July 16, when the Abuja court…
WBTC Custody Changes Prompts Defi Moves, Bitgo CEO Disregard Concerns
The recent announcement of the custody change of WBTC, a wrapped version of bitcoin, has prompted a negative reaction in decentralized finance (defi) protocols that reject Justin Sun’s disclosed relation with the project. Bitgo is moving WBTC custody to a joint venture with Bit Global, another custodian, to diversify custody locations and decentralize private keys […] Source: https://news.bitcoin.com/wbtc-custody-changes-prompts-defi-moves-bitgo-ceo-disregard-concerns/
SEC Sues NovaTech Over Major Fraud Allegations
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against cryptocurrency company NovaTech and its co-founders, Cynthia and Eddy Petion, alleging that they orchestrated a fraudulent scheme that amassed over $650 million from more than 200,000 investors globally, including a significant number of Haitian-Americans. The SEC alleges that NovaTech and the Petions falsely assured investors of the safety…
Bitcoin price to see massive move to new all-time high if chart pattern plays out —Trader
A unique trading pattern projects a massive upward move for Bitcoin price within the next few months. Source: https://cointelegraph.com/news/bitcoin-price-to-see-massive-move-to-new-all-time-high-if-chart-pattern-plays-out-trader?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Texas Blockchain Council endorses Ted Cruz for US Senate
The junior senator from Texas has spoken at several crypto conferences about Bitcoin mining and its potential benefits for the Lone Star State’s energy grid. Source: https://cointelegraph.com/news/texas-blockchain-council-endorses-ted-cruz-for-us-senate?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound