Bitcoin has historically been terrible as a yield asset. Fortunately, the options for earning interest are beginning to abound. Source: https://cointelegraph.com/news/bitcoin-yield-opportunities-booming-what-to-watch-for?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
‘First fast’ Ethereum scaler Movement peaks at 12K TPS on testnet
Movement Labs co-founder Rushi Manche claims his Ethereum scaling blockchain is peaking at 12,000 transactions a second on testnet. Source: https://cointelegraph.com/news/ethereum-l2-blockchain-movement-claims-12k-tps-testnet?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Nigerian Scammer’s Crypto Wallet Seized by Kansas Attorney General
Kansas Attorney General Kris Kobach announced the recovery of an international crypto wallet and stated that the funds will be returned to a Kansas resident defrauded in a crypto scam. This followed a lawsuit against Bimbo Toyin Akinyemi, a Nigerian national accused of the fraud. The court ordered full restitution and penalties, enabling the Attorney […] Source: https://news.bitcoin.com/nigerian-scammers-crypto-wallet-seized-by-kansas-attorney-general/
Feds Charge AI Music Maker for Faking Streams In $10 Million Scheme
A musician from Cornelius, North Carolina has been charged with wire fraud conspiracy, wire fraud, and money laundering conspiracy in connection to a years-long scheme to manipulate music streaming platforms and pocket over $10 million in royalties with AI-generated songs. From 2017 to 2024, Michael Smith, 52, allegedly used AI to generate songs and automated bots to inflate listener numbers…
Financial Action Task Force of Latin America States Bitcoin Has Not Reached a ‘Significant Impact’ in El Salvador
The Financial Task Force of Latin America (GAFILAT) released an evaluation of the state of El Salvador regarding compliance with international anti-money laundering requirements. The institution found that, while El Salvador included bitcoin as legal tender in 2021, the crypto asset has not reached a ‘significant impact’ or elevated transactional volumes. Financial Task Force of […] Source: https://news.bitcoin.com/financial-action-task-force-of-latin-america-states-bitcoin-has-not-reached-a-significant-impact-in-el-salvador/
Tether for treason in Taiwan, East’s crypto exchange resurgence: Asia Express
China buys military secrets from Taiwanese soldiers with Tether; Asia’s crypto license barrage; scam victim under suspicion: Asia Express Source: https://cointelegraph.com/magazine/tether-treason-taiwan-crypto-exchange-resurgence-asia-express/?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Telegram CEO Vows to ‘Significantly Improve’ Moderation of Criminal Activity After Arrest
Pavel Durov, the founder and CEO of the massively popular Telegram messaging platform, said the actions of French authorities were “surprising for several reasons.” Durov was arrested when he landed at Paris–Le Bourget Airport on Aug. 25, and was subsequently indicted for the use of Telegram for illegal activities, including drug trafficking, organized fraud, and the distribution of child pornography. French…
Head of the State Duma’s Financial Market Committee: National Digital Currencies to Be Considered for Bilateral Settlements Between China and Russia
Anatoly Aksakov, head of the State Duma’s Financial Market Committee, has discussed the use of national digital currencies for bilateral settlements between Russia and China. In a recent interview with Russian media, Aksakov stated that these instruments will be considered for such settlements as soon as the regulatory and technological platforms for this task are […] Source: https://news.bitcoin.com/head-of-the-state-dumas-financial-market-committee-national-digital-currencies-to-be-considered-for-bilateral-settlements-between-china-and-russia/
Trump Doubles Down on Bitcoin, Says He’s Got a Job for Elon Musk If Elected
During a speech before the Economic Club of New York on Thursday, Republican candidate for U.S. president Donald Trump asserted that the country would be the “world capital of crypto and Bitcoin.” In addition to reiterating his stance on digital assets, Trump also proposed—at the suggestion of Telsa CEO Elon Musk—a new government efficiency commission that will audit the federal…
Celestia unveils roadmap to 1-gigabyte blocks
The roadmap comes amid fierce competition in data availability among rivals such as EigenDA and Avail. Source: https://cointelegraph.com/news/celestia-unveils-roadmap-to-1-gigabyte-blocks?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound