Curve and other protocols affected by the attack offered a 10% bug bounty to the hacker on Aug. 3, totaling more than $6 million. Upon accepting the offer, the hacker returned stolen assets to Alchemix and JPEGd, but did not complete refunds to other affected pools. As the deadline has passed, anyone who can identify the attacker will now be rewarded with assets worth $1.85 million. Continue Reading on Coin Telegraph More
According to Global Times, citing a statement from the Chinese Central Political and Legal Committee, “entities operating from outside China have been using deceptive tactics such as posing as lucrative job opportunities to recruit unsuspecting victims.”“From the perspective of fraud methods, fraud groups use blockchain, metaverse, virtual currency, AI intelligence and other new technologies and new formats to continuously update criminal tools, which are more concealed and confusing,” the committee stated. “This requires the public security, finance, telecommunications, Internet and other departments to work together, apply advanced technical means, and fulfill the responsibility of the main body of supervision.”The committee pledges to “severely crack down,” increase public awareness and bolster judicial departments to detect and prevent illegal activities by foreign companies.It did not name which companies or groups it was referring to.The Intermediate People’s Court of Xuzhou, East China’s Jiangsu Province, is reportedly focusing on 52 telecom network fraud cases. A total of 85 defendants were recently sentenced.The announcement coincides with what seemingly appears to be an about-face on the part of China when it comes to cryptocurrencies. Hong Kong, for example, is now allowing retail investors to buy bitcoin (BTC). This move, observers note, could be a sign that China is warming up to crypto trading once again.Recall how China had once been a leader in cryptocurrency adoption and mining. But in 2017, it gradually started banning cryptocurrency mining operations and trading in general, stating that it no longer views digital coins as legal tender. Major cryptocurrency-related websites, including CoinGecko, TradingView, and CoinMarketCap, were blocked through China’s internet firewall.This article was originally published on Crypto.news More
Deaton addressed a post from a user named Moon Lambo on X (formerly Twitter), who criticized complaints from certain investors about slow price gains in digital currencies year-to-date. Moon Lambo said XRP has grown by 85% this year, implying a positive overall trend.Continue Reading on Coin Telegraph More
However, one intriguing development has captured the attention of market analysts: whales, those who hold vast amounts of Bitcoin, are continuing to accumulate more of the leading cryptocurrency. They are doing so even amid the current market turbulence and are not yet moving to secure their profits.Source: Data from IntoTheBlock’s balance by holdings indicator, which measures the total volume of cryptocurrency held by a selected group of addresses, indicates that Bitcoin whales are bullish about the future of the token. This continuous accumulation signifies a positive dynamic in the market, suggesting that these major investors anticipate an upcoming price increase.Furthermore, the next Bitcoin halving is anticipated to occur in 2024, and based on historical trends, we can expect a new market cycle to commence. The halving event, which reduces the reward for mining Bitcoin blocks by 50%, has previously triggered significant price rallies. whales’ accumulation behavior might be a strategic move to prepare for the next bull run post-halving.This continuous accumulation by whales underscores the fact that even amid market uncertainties, major investors are banking on Bitcoin’s long-term potential. However, retail investors should tread carefully, understanding that the cryptocurrency market is characterized by high volatility, and that investing should always be done based on comprehensive research and risk tolerance.This article was originally published on U.Today More
According to the report, Judge Analisa Torres’s ruling sets a vital precedent by distinguishing between an investment contract and the underlying asset.Continue Reading on Coin Telegraph More
In a post shared on X (formerly Twitter) by Paolo Ardoino, the chief technology officer of Bitfinex and Tether, certain parts of the mining software could be made available on open-source platforms in the future. The Tether BTC mining software’s primary aim is to enhance the efficient management of mining capacity, leading to more effective operations.Continue Reading on Coin Telegraph More
In an April 5 X thread announcing the move, Musk said that lawsuits of any scale will be supported: Continue Reading on Coin Telegraph More
Joe Biden and Donald Trump currently have healthy leads in the 2024 presidential polls among members of their respective parties. Both are “favorable toward exploring CBDC,” echoing conclusions drawn by Forbes earlier in 2023.Continue Reading on Coin Telegraph More
