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ENS Domains Unveils Namechain: A Layer 2 Solution for the Ethereum Ecosystem
11.11.2024
ENS Domains has announced the launch of Namechain, a purpose-built Layer 2 solution that marks a significant evolution in the Ethereum Name Service (ENS) ecosystem. This development is part of the broader ENS v2 initiative, aimed at reducing costs and enhancing performance for users. The team hopes...
How a ‘No Questions Asked’ Crypto Scheme Became a Federal Target
11.11.2024
A Danvers, Massachusetts man, Trung Nguyen, was convicted of money laundering and operating an unlicensed cryptocurrency business that converted over $1 million in cash to bitcoin. Through his company, National Vending, Nguyen ran a “no questions asked” cash-to-bitcoin service from 2017...
Dutch Court Orders Binance to Disclose Account Information Tied to $200,000 Dating Scam
10.11.2024
A court in The Hague has ordered Binance to release the name and address of an account holder linked to a $200,000 (€186,000) dating scam, according to the Netherlands Times. The case involves a woman who was persuaded over the summer to invest in cryptocurrencies by someone she met on a dating...
Analyst: Stock-to-Flow Model Forecasts $500K per Bitcoin
10.11.2024
In a recent social media post, cryptocurrency analyst Plan B expressed optimism for Bitcoin’s future, stating that after the ETF fake-out earlier this year, the cryptocurrency is now poised for a significant upward movement. He highlighted that his Stock-to-Flow model predicts an average...
Stealth Nation Reported to Be Purchasing Bitcoin Covertly
10.11.2024
Talks of an unidentified nation purchasing bitcoin in bulk surged on social media recently. David Bailey, CEO of BTC Inc. and one of President-Elect Trump’s campaign cryptocurrency aides, has reported on the possibility of an undisclosed country acquiring bitcoin outside the public eye....
The Fake Investigator Scam: Police Warn of Crypto Cons Draining Accounts
9.11.2024
A Pennsylvania State Police unit is advising the public of a new bitcoin scam targeting vulnerable individuals, particularly seniors. Scammers contact them through email, phone, or other electronic means, claiming there’s a fraudulent activity involving their personal information. Posing...
California Pulls Blockfi’s Lending License, Slaps Fines After Regulatory Breach
9.11.2024
The California Department of Financial Protection and Innovation (DFPI) has revoked Blockfi Lending LLC’s finance lending license for violations under California’s Financing Law (CFL). Blockfi agreed to the revocation and to halt certain practices deemed harmful, following an examination that...
Final Call: DOJ Seeks Bitfinex Hack Victims to Come Forward by Nov. 13
9.11.2024
The U.S. Department of Justice (DOJ) has launched a website to gather information from individuals affected by the 2016 Bitfinex hack, where approximately 120,000 BTC were stolen. The site provides a platform for potential victims to assert their rights under the Crime Victims’ Rights...
Grayscale Unveils Plan to Transform Bitcoin, Ethereum Funds With Split Strategy
9.11.2024
Grayscale Investments has announced plans for reverse share splits for its Grayscale Bitcoin Mini Trust ETF (Ticker: BTC) and Grayscale Ethereum Mini Trust ETF (Ticker: ETH). Effective at 5:00 pm ET on Nov. 19, the BTC fund will undergo a 1-for-5 split, while the ETH fund will undergo a 1-for-10...
Bitcoin Skyrockets to Historic $77K – BTC Short Sellers Take a $24M Hit
8.11.2024
At precisely 2:30 p.m. ET on Friday, bitcoin reached a fresh all-time high on Bitstamp, hitting $77,112 per coin. This latest peak redefined bitcoin’s USD value once again. Trading in the mid-$76,500 range, bitcoin gained about 1% over the past 24 hours. Over the week, BTC has climbed 10.7%...
Zimbabwe Imposes $50-$2,500 Licensing Fee on Whatsapp Admins to Curb Misinformation
8.11.2024
Zimbabwe’s government has introduced a licensing requirement for Whatsapp group administrators to curb misinformation and enhance accountability on social media platforms. The licensing fee ranges from $50 to $2,500, depending on the type of Whatsapp group. Administrators must provide...
German Government Collapses, Plunging Economy Into Unprecedented Uncertainty
8.11.2024
Germany’s economic troubles deepen as the ruling coalition disintegrates, exacerbating issues like shrinking investment and consumer confidence. Chancellor Olaf Scholz dismissed Finance Minister Christian Lindner, signaling a potential snap election. Germany’s economy, already struggling with...
Swiss National Bank Chair Flags Crypto Risks, Calls Bitcoin and Ether a ‘Niche Phenomenon’
8.11.2024
Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation. Speaking at an event hosted by Aargauische Kantonalbank...
Coinbase Launches Wrapped Bitcoin Token on Top of Solana
8.11.2024
Coinbase, the largest U.S.-based cryptocurrency exchange, announced the launch of cbbtc, its in-house developed wrapped bitcoin token, on top of the Solana network. Highlighting the significance of this move, Coinbase stated: “This is the first token Coinbase has issued on Solana, and with...
Nigerian Crypto Crackdown: Two More Firms Convicted, Forced to Cough Up $30,000
8.11.2024
A Nigerian court has convicted two more cryptocurrency firms, Egomsinachi Road Autos Limited and Chimera Log & Haulage Services Limited, for conducting unauthorized USDT-to-naira transactions. As a result, they’ve been ordered to transfer nearly $30,000 to the federal government....
Crypto.com Unveils ‘Level up’ Rewards Program, Integrates New Service Suite
8.11.2024
Singapore-based Crypto.com has unveiled its “Level Up” rewards program, seeking to deliver stocks, banking services, and cards under one roof. The company will integrate these new functionalities, offering 3% on stock deposit transfers, 7.5% rewards on idle cash balances, and 8%...
Unanimous Fed Decision: Quarter-Point Cut Signals Major Shift
7.11.2024
The U.S. Federal Reserve gathered on Thu. for its Federal Open Market Committee (FOMC) session, where officials opted to trim the federal funds rate by a quarter-point. This announcement comes on the heels of Donald Trump’s election as the 47th president of the United States. “The...
Alameda Boss Caroline Ellison Reports to Federal Prison for Role in FTX Scandal
7.11.2024
Caroline Ellison, former chief executive of Alameda Research and a pivotal witness in the case against FTX founder Sam Bankman-Fried, has reported to a low-security federal prison in Connecticut following her two-year sentence, according to a CNBC report. Reporter MacKenzie Sigalos and Dawn Giel...
Iranian Rial Plummets to Record Low Following Donald Trump’s Presidential Victory
7.11.2024
Iran’s currency, the rial, plummeted to an all-time low on Wednesday, trading at 703,000 rials to the dollar, following Donald Trump’s victory in the U.S. presidential election. This significant decline, which later slightly recovered, signals new economic challenges for Tehran amid ongoing...
Decentralized AI Platform Singularitynet Launches Self-Improving Bot in Minecraft
7.11.2024
Decentralized artificial intelligence (AI) platform Singularitynet has announced the launch of AIRIS (Autonomous Intelligent Reinforcement Inferred Symbolism) within the popular game Minecraft, in collaboration with the Artificial Superintelligence Alliance (ASI). According to the developers, AIRIS...