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Donald Trump Sells $2.4 Million Ethereum: Arkham Intelligence
28.12.2023
Source: Pixabay / heblo (Edited by Hongji Feng) Former U.S. President Donald Trump has sold a substantial amount of Ethereum, amounting to $2.4 million, according to Arkham Intelligence. In a recent post, the blockchain intelligence firm Arkham Intelligence shared a screenshot of a crypto wallet’s...
Former SEC Official Warns Spot Bitcoin ETFs Will Create ‘Wall Street Fee-Sucking Scam of Epic Proportions’
28.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that spot bitcoin exchange-traded funds (ETFs) “will create yet another Wall Street fee-sucking investor scam of epic proportions.” In addition, he stressed that it will likely be the most...
South Korean Biz Exec Bailed as ‘Bithumb Market Manipulation’ Probe Continues
28.12.2023
Source: Global Image Archive/Adobe A South Korean court has released a media mogul and business executive on bail as a probe into market manipulation and insider trading at the crypto exchange Bithumb continues. The executive, Won Young-sik, is the former CEO of Chorokbaem Group, the parent firm...
Former Binance CEO Changpeng Zhao’s Wealth Surged by $25 Billion Despite Legal Troubles in 2023
27.12.2023
Source: A video screenshot, Youtube/Entrepreneur ME Former Binance CEO Changpeng Zhao has seen his estimated wealth jump by almost $25 billion in 2023 despite his guilty plea to US criminal charges in November, which may result in his imprisonment next year. CZ’s remarkable financial growth...
2023 Crypto Wealth Surge — Satoshi Nakamoto Tops With $26B Increase, Industry Titans Follow
26.12.2023
A recent analysis indicates that Changpeng Zhao, Binance’s former chief, experienced a near $25 billion surge in his estimated wealth in 2023, while Coinbase’s Brian Armstrong enjoyed a $5.8 billion increase. Yet, topping the list was the elusive Satoshi Nakamoto, whose purported...
Former FTX CEO Sam Bankman-Fried and Debtors Reach Settlement in Embed Proceeding
26.12.2023
Image by Александр Поташев, Adobe Stock The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed. In a December 22 filing with the United...
Bitcoin Breaks Records: Christmas Eve Sees Lifetime Surge in Daily Transactions and Hashrate
25.12.2023
On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19, 2023. Bitcoin’s Festive Feat — Record Transactions...
Former Bitmex CEO Arthur Hayes: ETF Success’ Might ‘Destroy Bitcoin’
25.12.2023
Arthur Hayes, former CEO of Bitmex and cryptocurrency market analyst, pondered about the success of an upcoming spot bitcoin ETF and its effect on the future of bitcoin. Hayes states that the popularity of these ETF derivatives might concentrate the custody of all the bitcoin in a few hands that...
Former SEC Official Says Gary Gensler’s Legacy Could Be the Approval of Spot Bitcoin ETF
24.12.2023
The U.S. Securities and Exchange Commission’s former head of internet enforcement, a crypto skeptic, now believes that the SEC is likely to approve a spot bitcoin exchange-traded fund (ETF). He further expressed that “the legacy of SEC Chair Gary Gensler could be the approval of a spot...
Judge Denies Sam Bankman-Fried’s Request for Adjournment of Sentencing Hearing
21.12.2023
Source: Getty Image U.S. District Judge Lewis Kaplan has denied a request for adjournment made by Sam Bankman-Fried, the former CEO of FTX. Former FTX CEO Sam Bankman-Fried’s request for a four-to-six-week adjournment of his sentencing hearing has been denied by Judge Lewis Kaplan....
Bitcoin’s Hashrate Hits Historic 527 EH/s Lifetime Peak, Shattering Previous Records
20.12.2023
Recent data, analyzing the seven-day average of Bitcoin’s hashrate, reveals yet another lifetime peak in the network’s performance. On Dec. 20, 2023, Bitcoin’s hashrate climbed to an unprecedented high. The seven-day simple moving average (SMA) indicates that the hashrate...
Blockchain Association’s Employment of ‘Small Army’ of Former Security Officials Angers US Senator Elizabeth Warren
19.12.2023
U.S. Senator Elizabeth Warren has criticized the Blockchain Association’s use of former security officials to push back against her attempts to link crypto to terrorism funding. Warren claimed that the ease with which U.S. officials can leave their positions in government to work as lobbyists shows...
Judge Approves Settlement: Binance to Pay $1.5 Billion to CFTC, CZ to Pay $150 Million Fine
19.12.2023
Source: Pixabay In a significant legal development, Judge Manish Shah of the U.S. District Court for the Northern District of Illinois has issued a verdict ordering cryptocurrency exchange Binance and its former CEO, Changpeng “CZ” Zhao, to pay a staggering $2.85 billion to...
Former Lido Holder Files Lawsuit Against Lido DAO
18.12.2023
A former Lido holder has filed a class-action lawsuit against the Lido decentralized autonomous organization (DAO), a governing body that manages the liquid staking protocol, according to a recent court document. An unregistered securities claim Andrew Samuels filed the complaint on December 17th...
Ex-Amazon Engineer Guilty of Historic $12.3M Crypto Heist
18.12.2023
Source: AdobeStock / Sergey Nivens A former Amazon engineer has pleaded guilty to hacking two cryptocurrency exchanges, resulting in the first-ever conviction involving the hacking of a smart contract. Shakeeb Ahmed, a former security engineer at Amazon, is now facing the possibility of up to five...
Ex-Central Bank Chief Says China ‘Must Lead World’ in CBDC Adoption
18.12.2023
Source: Eagle/Adobe The former Governor of China’s central bank, Dai Xianglong, has insisted that China needs to “lead the world’ in CBDC adoption, as the nation’s digital yuan pilot continues. Per a Weibo post from the media outlet Finance iFeng, former People’s Bank of China (PBoC) chief Dai said...
Bitcoin Miners Hit Record $9.97M Earnings From Ordinals; 61% of BTC Transfers Inscription-Driven
17.12.2023
In the wake of a substantial increase in onchain transaction fees for Bitcoin, the compensation to bitcoin miners from inscription-based transfers has hit a record peak in the last 24 hours. An estimated total of $9.97 million was allocated to miners, eclipsing the former high of $7.21 million...
Sui Blockchain’s Promise: Simplifying Crypto Transfers via Email
15.12.2023
Image Source: Pixabay Mysten Labs, founded by five former Facebook engineers, is working on its Layer 1 blockchain Sui to revolutionize the ease of sending money and cryptocurrencies. The company aims to simplify blockchain transactions to the level of basic online communication, enabling seamless...
Crypto Hybrid Exchange Ankex, Led by former Genesis CEO, Shuts Down
15.12.2023
Ankex, Qredo’s cryptocurrency exchange spearheaded by former Genesis Trading CEO, Michael Moro, has shut down operations. “Ankex development has been paused” The formerly up-and-coming Ankex was launched last year and was set to combine both centralized and decentralized features. Moro...
Public-Private Partnerships Necessary in Investigating Crypto Crimes: Former IRS Agent and Lead Investigator at Merkle Science
15.12.2023
Richard Reinhardt. Image: LinkedIn / Merkle Science In an exclusive interview with CryptoNews, former IRS agent Richard Reinhardt, now serving as the lead investigator at Merkle Science, talked about growing challenges in investigating crypto-related crimes and the need for public-private...