Bitcoin is up 22% in the last three weeks as demand from U.S. investors gradually increased, pushing prices above pre-August crash levels. Source: https://cointelegraph.com/news/bitcoin-coinbase-premium-returns-btc-price-best-september-ever?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Trump crypto venture WLFI a ‘potential pump-and-dump disaster’
The launch of the Trump family crypto venture, World Liberty Financial, during a US election campaign carries risks, possibly hurting both his campaign and the crypto industry’s image. Source: https://cointelegraph.com/news/trump-crypto-wlfi-pump-and-dump?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Staking Protocol Bug Let Users Swap One Bitcoin for One Ethereum
A security exploit on staking protocol Bedrock allowed users to swap Universal Bitcoin, a wrapped Bitcoin on the platform, with Ethereum at a 1:1 ratio, despite a price difference of more than $60,000. The exploit, which has now been “handled,” resulted in an estimated $2 million being swiped from the protocol, mostly from decentralized exchange liquidity pools. The staking protocol…
Tether Helps Dutch and US Authorities Seize $7.8M in Crypto
Tether, the world’s largest stablecoin issuer, reportedly played a crucial role in a joint operation led by Dutch and U.S. law enforcement agencies to dismantle two cryptocurrency exchanges suspected of money laundering. The operation resulted in the seizure of €7 million ($7.8M) in crypto and the freezing of illicit wallets. Tether Works With Law Enforcement […] Source: https://news.bitcoin.com/tether-helps-dutch-and-us-authorities-seize-7-8m-in-crypto/
OpenAI’s move to for-profit: Is it indeed ‘illegal’?
OpenAI’s potential transformation into a for-profit corporation is not impossible, but it will likely not be an easy process. Source: https://cointelegraph.com/news/openai-for-profit-musk-legal-concerns?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
MiCA threatens crypto firm exodus to Middle East: Regulatory expert
The upcoming regulatory framework could threaten a mass crypto exodus to the Middle East due to more favorable regulations. Source: https://cointelegraph.com/news/mica-crypto-firm-exodus-middle-east-regulatory-expert?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
BlackRock Bitcoin Holdings Swell to Nearly $24 Billion After Latest Buy
After less than a year of trading for its Bitcoin ETF, Wall Street titan BlackRock has seen its Bitcoin holdings increase to nearly $23.7 billion. The milestone comes after the $9 trillion asset manager recently acquired another $35 million worth of Bitcoin and $6.4 million of Ethereum earlier this week. With the latest acquisition, the asset manager’s Ethereum reserves now…
NY Judge Denies Tornado Cash Developer’s Motion to Dismiss, Trial Set for December
Roman Storm, a software developer of Tornado Cash, is headed to trial after a New York judge ruled against his motion to dismiss criminal charges. District Judge Katherine Polk Failla rejected Storm’s request to drop charges tied to money laundering and sanctions violations. Russian co-defendant Roman Semenov remains elusive and on the run, evading capture […] Source: https://news.bitcoin.com/ny-judge-denies-tornado-cash-developers-motion-to-dismiss-trial-set-for-december/
Witness Says LA ‘Godfather’ Impersonated FBI to Steal Crypto at Gunpoint
A Los Angeles crypto entrepreneur, who went by the name “The Godfather,” allegedly impersonated the Federal Bureau of Investigation (FBI) to steal crypto at gunpoint. During the 2018 robbery, Adam Iza allegedly stole a laptop containing the cryptocurrency, held a person known as “Victim T.W.” and his girlfriend at gunpoint, and demanded the passwords for the laptop in order to…
Bitget to connect Telegram Mini Apps to broader Web3 with new dev kit
The Bitget Wallet team said in a press release that the new integration opens up Telegram to the broader Web3 space. Source: https://cointelegraph.com/news/bitget-connects-telegram-mini-apps-web3-dev-kit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound