The arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the crypto community. Coinbase CEO Brian Armstrong expressed optimism about the future of crypto payments, predicting it as the next big boom driven by advancements in technology. The SEC has issued a Wells notice to Opensea, potentially classifying NFTs as securities. Economist […] Source: https://news.bitcoin.com/telegram-ceo-arrested-coinbase-ceo-bullish-on-crypto-payments-and-more-week-in-review/
Bitcoin’s developer ecosystem is the hottest it has been in years. Projects, tools, and proposals to unlock new decentralized applications for the OG crypto network are now part of the mainstream Bitcoin conversation. One proposal central to that conversation is BIP-347, or “OP_CAT”—though called BIP-420 by some proponents—a potential soft fork upgrade that proponents think could supercharge Bitcoin’s capabilities. At…
According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling solution out there” because it enables constant data posting to the main chain “regardless […] Source: https://news.bitcoin.com/rollups-are-copies-of-the-evm-not-true-scaling-solutions-says-developer/
The crypto industry found itself in an increasingly familiar position this week: on the defensive, banding together to fight back against encircling government forces. The latest cycle of drama kicked off in full force late last weekend, when the French government abruptly arrested Telegram CEO Pavel Durov as he stepped off his private jet in Paris. Immediately, crypto and decentralization…
Oasys, a Web3 gaming-oriented blockchain project, announced a strategic partnership with SBI Holdings, one of the largest financial conglomerates in Japan. As part of this partnership, Oasys secured an undisclosed amount of funding to grow the liquidity of its token and expand the Oasys ecosystem. Yoshitaka Kitao, President and CEO of SBI Holdings, stated that […] Source: https://news.bitcoin.com/gaming-blockchain-oasys-announces-partnership-with-japanese-conglomerate-sbi-holdings/
Two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million. Source: https://cointelegraph.com/news/313-million-crypto-lost-hacks-august?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Buterin’s recent transfer of 1,100 ETH to exchanges coincides with the Ethereum Foundation’s Ether sales worth over $200 million. Source: https://cointelegraph.com/news/vitalik-buterin-ethereum-10m-sales-eth-bulls?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
A court in British Columbia, Canada, has ordered Daniel Tambosso to repay Hung Nguyen $1.2 million for a loan of 22 bitcoins made in 2021. Nguyen, a Canadian real estate agent, claimed the loan constituted his entire savings, and Tambosso’s failure to repay has severely impacted his finances and mental health. Tambosso, claiming to be […] Source: https://news.bitcoin.com/canadian-court-orders-man-to-repay-1-2-million-in-bitcoin-loan-dispute/
A CryptoQuant contributor has indicated that a slight decrease in Bitcoin’s Puell Multiple index could present a ‘favorable buying opportunity.’ Source: https://cointelegraph.com/news/bitcoin-indicator-puell-multiple-index-nearing-buy-levels-cryptoquant?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
In August, approximately $310.9 million was lost to exploits, hacks, and scams. However, digital assets worth $10.3 million were recovered, resulting in a net loss of $300.6 million. According to the security firm Certik, this is the second-highest monthly loss in 2024 so far. While May had the highest exploit total loss of just over […] Source: https://news.bitcoin.com/crypto-hacks-and-scams-cost-300-million-in-august/
