The Uniswap CEO strongly disapproved of low float tokens, considering them malicious and his biggest pet peeve. Source: https://cointelegraph.com/news/uniswap-ceo-weighs-in-on-ethical-token-distribution
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BTC Ponzi Scheme Mastermind Suffers Heart Attack, Analyst Eyes $300K BTC Price, and More — Week in Review
Johann Steynberg, the mastermind behind a South African bitcoin Ponzi scheme, died of a heart attack while under house arrest in Brazil. A technical analyst predicts a significant surge in Bitcoin’s price, suggesting it could reach $300,000 during the upcoming aggressive phase of the bull cycle. The FBI is cautioning the public against using unregistered […] Source: https://news.bitcoin.com/btc-ponzi-scheme-mastermind-suffers-heart-attack-analyst-eyes-300k-btc-price-and-more-week-in-review/
Bitfinex CTO Dismisses Breach Claims as ‘Pure FUD,’ Says No Group Has Asked for Ransom
Paolo Ardoino, the chief technology officer of Bitfinex, has dismissed claims that Bitfinex has been breached as “pure FUD [fear, uncertainty and doubt].” A report by Shinoji Research suggested that the ransomware group, Fsociety, might have access to every Know Your Customer (KYC) document since Bitfinex’s inception. A security researcher suggested that these claims might […] Source: https://news.bitcoin.com/bitfinex-cto-dismisses-breach-claims-as-pure-fud-says-no-group-has-asked-for-ransom/
Coinbase faces new lawsuit over alleged investor deception
The plaintiffs claim Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar Lumens (XLM) are securities. Source: https://cointelegraph.com/news/coinbase-faces-new-lawsuit-over-alleged-investor-deception
Nigeria Mulls Over Banning P2P Crypto Transactions; Labels Crypto Trading as National Security Concern
Nigerian authorities are reportedly planning to prohibit financial institutions from facilitating peer-to-peer cryptocurrency transactions. According to a report, Nigeria’s Office of the National Security Adviser has classified cryptocurrency trading as a national security concern. Three fintech startups, known for enabling such transactions, have been directed to block and report peer-to-peer cryptocurrency transactions to law enforcement […] Source: https://news.bitcoin.com/nigeria-mulls-over-banning-p2p-crypto-transactions-labels-crypto-trading-as-national-security-concern/
Sui Network clears up misunderstandings on token supply
According to Sui Network feedback, the Sui Foundation manages the main wallet with locked tokens released strategically to enhance the ecosystem. Source: https://cointelegraph.com/news/sui-network-clears-up-misunderstandings-on-token-supply
Bitfinex database breach 'seems fake,' says CTO
Bitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he “couldn’t find any request.” Source: https://cointelegraph.com/news/bitfinex-cto-paolo-ardoino-data-breach-response
South Africa’s FIC Unveils Draft Directive for Travel Rule Implementation; Crypto Industry Leader Issues Warning
The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation of the FATF’s Recommendation 16. CASP Interactions With Unhosted Wallets The South African Financial Intelligence […] Source: https://news.bitcoin.com/south-africas-fic-unveils-draft-directive-for-travel-rule-implementation-crypto-industry-leader-issues-warning/
Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders
The inverse head and shoulders pattern forming “would make sense” if Bitcoin doesn’t “break straight through” to $67,500, according to a crypto analyst. Source: https://cointelegraph.com/news/bitcoin-price-inverse-head-shoulders-pattern-bullish-indicator-crypto-trader
Former Bitmex Chief Expects Bitcoin to Trade Within $60K-$70K Range Until August
Former Bitmex CEO Arthur Hayes predicts bitcoin will range-bound trade between $60,000 and $70,000 until August. “The slow addition of billions of dollars of liquidity each month will dampen negative price movement from here on out,” Hayes said, adding that he expects “prices to bottom, chop, and begin a slow grind higher.” Arthur Hayes’ Bitcoin […] Source: https://news.bitcoin.com/former-bitmex-chief-expects-bitcoin-to-trade-within-60k-70k-range-until-august/