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…
Month: September 2024
Gaming Blockchain Oasys Announces Partnership With Japanese Conglomerate SBI Holdings
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/
Crypto losses to hacks exceed $313M in August
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
Are Vitalik Buterin's $10M Ethereum sales bad news for ETH bulls?
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
Canadian Court Orders Man to Repay $1.2 Million in Bitcoin Loan Dispute
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/
Bitcoin onchain indicator signals $58.5K price near 'favorable' buy level
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
Crypto Hacks and Scams Cost $300 Million in August
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/