“Instead of attacking industries of the future, we will embrace them,” said Donald Trump in reference to the crypto industry in America. Source: https://cointelegraph.com/news/trump-vows-us-world-capital-crypto-taps-elon-musk-task-force?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Monochrome confident as it files for Australia's first ETF to hold Ether directly
Monochrome’s CEO says the firm’s Bitcoin ETF has seen growth off the back of its in-kind subscription mechanism and hopes an Ether ETF could see similar inflows. Source: https://cointelegraph.com/news/monochrome-confident-files-first-eth-etf-australia?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Unlucky' MEV bot takes out huge $12M loan just to make $20 in profit
An MEV bot took out a $11.9 million loan to sandwich attack a user, but barely made enough to cover lunch. Source: https://cointelegraph.com/news/mev-bot-takes-12-million-flash-loan-make-20-profit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitfarms Hits Back at Riot Platforms’ Alleged Misleading Claims
Bitcoin mining firm Bitfarms has responded to Riot Platforms’ allegedly misleading statements about a special meeting and potential acquisition. Bitfarms claimed that Riot refused to engage constructively and is attempting to buy Bitfarms at a discount for its own shareholders’ benefit. The board will review Riot’s proposal but shareholders do not need to take any […] Source: https://news.bitcoin.com/bitfarms-hits-back-at-riot-platforms-alleged-misleading-claims/
Ether all-time high in 2024 'possible, but not highly likely'
A crypto analyst notes that while spot Ether ETFs have gained “Wall Street attention,” they now compete directly with tech stocks, which are delivering “better revenue and multiples.” Source: https://cointelegraph.com/news/ethereum-all-time-highs-price-2024-crypto-analyst-predictions?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Crypto in ‘extreme fear’ as Arthur Hayes tips ‘sub $50K’ Bitcoin weekend
Crypto market sentiment dropped back into “extreme fear” amid Bitcoin’s price slump, with Arthur Hayes calling that it could drop again. Source: https://cointelegraph.com/news/crypto-extreme-fear-bitcoin-under-50k-target-arthur-hayes?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
‘Reflection 70B’ AI model could be the answer to pesky LLM hallucinations
The AI model has been trained with “Reflection-Tuning,” which is designed to help it learn from its mistakes and fix them. Source: https://cointelegraph.com/news/reflection-70b-ai-model-answer-llm-hallucinations?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
FTC Urges Caution as Bitcoin ATM Fraud Cases Skyrocket
The Federal Trade Commission (FTC) has reported a sharp rise in scams involving bitcoin ATMs, with fraud losses increasing nearly tenfold from 2020 to 2023 and exceeding $65 million in the first half of 2024. These scams often involve impersonations and target vulnerable populations, such as older adults, with significant financial impact. FTC Warns of […] Source: https://news.bitcoin.com/ftc-urges-caution-as-bitcoin-atm-fraud-cases-skyrocket/
87% of crypto registrations failed in UK over ‘weak’ fraud, AML controls
Only 4 out of 35 crypto business registrations were accepted by the UK Financial Conduct Authority citing concerns with money laundering adherence. Source: https://cointelegraph.com/news/87-percent-crypto-registrations-failed-uk-money-laundering-controls?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
India’s FIU Considers Approving More Offshore Crypto Exchanges
India’s Financial Intelligence Unit is reportedly reviewing four offshore cryptocurrency exchanges for potential approval to resume operations following the lifting of bans on Binance and Kucoin. The focus is on ensuring compliance with anti-money laundering regulations, including transaction transparency and reporting of suspicious activity. FIU-India May Permit More Offshore Crypto Exchanges Next Year India’s Financial […] Source: https://news.bitcoin.com/indias-fiu-considers-approving-more-offshore-crypto-exchanges/