Polygon Labs is making major strides toward the future of its network on Wednesday. On September 4, the Ethereum scaling network will complete a migration from its longstanding MATIC token to POL, which will then become the native token of its network. The migration forms an integral part of the Polygon 2.0 roadmap. Ahead of the shift, here’s a look…
Month: September 2024
Turkey Seeks to Join BRICS to Strengthen Global Influence
Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the shifting geopolitical landscape as an opportunity to strengthen ties with both Eastern and Western nations while remaining committed to NATO. Erdogan emphasized […] Source: https://news.bitcoin.com/turkey-seeks-to-join-brics-to-strengthen-global-influence/
Behind bars: 6 crypto execs who did time and one who got away…
These crypto leaders had it all, but that couldn’t stop them from going to jail. Source: https://cointelegraph.com/news/crypto-execs-jail-regulation-law-crime?utm_source=rss_feed&utm_medium=rss%3FREFRESH1635396711918&utm_campaign=rss_partner_inbound
Behind bars: 6 crypto execs who did time and one who got away…
These crypto leaders had it all, but that couldn’t stop them from going to jail. Source: https://cointelegraph.com/news/crypto-execs-jail-regulation-law-crime?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Penpie protocol exploited, suffers $27M loss
Cryptocurrency hacks have stolen $1.21 billion in funds so far in 2024, a 15.5% increase from 2023. Source: https://cointelegraph.com/news/penpie-protocol-exploited-suffers-27-million-loss?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Starlink confirms it will block access to X in Brazil
The SpaceX subsidiary claimed the Brazil Supreme Court decision was “illegal,” but it would comply by suspending access to the social media platform. Source: https://cointelegraph.com/news/starlink-blocking-x-court-order-elon-musk?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s Case
The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality in regulating social media platforms. United Nations Raises Human Rights Concerns Over Arrest of […] Source: https://news.bitcoin.com/un-raises-human-rights-concerns-in-telegram-founder-pavel-durovs-case/
Bitcoin price loses traction as miner profits drop and spot BTC outflows persist
Bitcoin has lost more than 10% in the past two weeks as fear of a US recession, spot Bitcoin ETF outflows and the threat of miner capitulation grows. Source: https://cointelegraph.com/news/bitcoin-price-loses-traction-as-miner-profits-drop-and-etf-outflows?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin Could Go Lower Despite Fed Rate Cuts, Analysts Say
As the cryptocurrency market anticipates potential Federal Reserve interest rate cuts, analysts are cautioning that Bitcoin (BTC) might experience a short-term decline, challenging the conventional wisdom that rate cuts are universally bullish for risk assets. According to a September 2 report by Bitfinex, Bitcoin prices have surged by as much as 32% since the August 5 lows, with global open…
Coinbase CLO says he’s ‘encouraged’ by Harris campaign reaching out
With 63 days until the US election and early voting starting in September, single-issue crypto voters have a limited window to decide between Kamala Harris and Donald Trump. Source: https://cointelegraph.com/news/coinbase-chief-legal-officer-kamala-harris-campaign-encouraging?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound