Cryptocurrency

Previously, rumors circulated in the crypto community that Tesla had added both Bitcoin and Dogecoin to its payment page source code. However, it was later confirmed that the two cryptocurrencies were present in the source code as far back as January 2023. Despite discontinuing Bitcoin payments in the past, Tesla apparently did not remove the corresponding code.The latest decision to delete Bitcoin from the source code comes at a time when the largest cryptocurrency has been facing regulatory scrutiny worldwide and environmental concerns regarding its energy consumption for mining operations. However, no official statement from Tesla has been released, leaving room for speculation about the company’s reasons for this move.In contrast, Tesla’s retention of in the source code is particularly interesting. Dogecoin, which began as a meme cryptocurrency, has gained widespread popularity and has been endorsed by various high-profile figures, including Tesla CEO Elon Musk. Musk has often expressed his support for Dogecoin, even referring to himself as the “Dogefather” in a Saturday Night Live appearance.Dogecoin’s current price stands at $0.07, showing a promising uptrend. This could be a result of several factors, including growing acceptance of meme coins, Elon Musk’s persistent endorsement and now, potentially, speculation around Tesla’s payment options.The persistence of Dogecoin in Tesla’s source code could signal potential plans for integrating the cryptocurrency as a payment method in the future. However, it is essential to note that a final decision would likely depend on various factors, including regulatory considerations and market dynamics.This article was originally published on U.Today More

Professional Dota 2 player Erik Engel for Gaimin Gladiators, more commonly known by his gamer tag “Tofu,” expressed his thoughts on Web3 and how it can help gamers in a statement sent to Cointelegraph. Continue Reading on Coin Telegraph More

Tara Annison shared the latest insights from the murky world of cryptocurrency-related crime during a presentation on the final day of EthCC in Paris, addressing a wide variety of ways digital assets are either facilitating crime or being used to launder funds. Continue Reading on Coin Telegraph More

A link to their report was attached to the tweet. Santiment stated that the quiet preparation of ETH to surge has been going unnoticed by many so far since everybody is watching the stellar growth of XRP and . The latter has been going up over the past few days.On July 12, Ethereum printed a chaos of long green candles with a few red ones to follow, rising 8.07% and reaching the $2,025 level briefly. The fall that followed has reached 6.71% by now, making ETH trade at $1,888 on the Bitstamp exchange.On that day, ETH again followed Bitcoin after British banking giant Standard Chartered (OTC:SCBFF) made a prediction that BTC may soar to $50,000 by the end of 2023 and hit $120,000 by the end of next year. Besides, the CPI reading came out at 3.1%, which was below the previous one (4%). This, however, made Bitcoin retrace to the $30,350 price mark.Santiment says that many altcoins begin to grow well as soon as traders become distracted from them by other assets in the market.Another major sign of a price bottom for Ethereum is traders starting to increase their transactions at a loss compared to those while at a profit. Price bottoms are often followed by buyers starting to outnumber sellers and the price going up again. Besides, a lot of Ethereum coins at the moment, per Santiment, are kept in cold wallets, and less than 7% of circulating ETH is stored on exchanges.Overall, Santiment analysts believe that at some point in August, Ethereum may well reclaim the $2,000 level and rise higher.This article was originally published on U.Today More

On June 25, 74-year-old Naum Lantsman lost his life savings of $340,000 to a crypto scam orchestrated over Instagram and Telegram. The DFR referenced the incident as it emphasized “the need for Vermonters to exercise extreme caution and vigilance when using or investing in cryptocurrency.”Continue Reading on Coin Telegraph More

A panel of British lawmakers called for regulating the U.K. crypto market similar to gambling in a May 17 committee report. The Treasury Committee said that crypto investment activity is consistent with the principle of “same risk, same regulatory outcome.”Continue Reading on Coin Telegraph More

(Reuters) – U.S. prosecutors have accused FTX founder Sam Bankman-Fried of witness tampering and asked a federal judge to issue an order that would bar the former billionaire and other parties from making public statements likely to interfere with a fair trial.The prosecutors wrote to U.S. District Judge Lewis Kaplan on Thursday referencing a New York Times article titled “Inside the Private Writings of Caroline Ellison, Star Witness in the FTX Case”.The article reported excerpts from Ellison’s personal Google (NASDAQ:GOOGL) documents from before the collapse of FTX in which she spoke about being “pretty unhappy and overwhelmed” with her job and feeling “hurt/rejected” from her breakup with Bankman-Fried.Ellison led Bankman-Fried’s Alameda Research hedge fund and has pleaded guilty to defrauding investors and agreed to cooperate with prosecutors. In December, Bankman-Fried said he and Ellison had been in a relationship but gave no further details.Prosecutors said it was apparent Bankman-Fried shared documents with the New York Times and that his lawyers have since confirmed to the government that he met with one of the article’s authors in person and shared documents “that were not part of the government’s discovery material.”Bankman-Fried’s spokesperson and lawyers did not immediately respond to requests for comment. Neither New York Times nor Ellison’s lawyers responded to Reuters’ requests for comment.The prosecutors argued that by sharing these documents, Bankman-Fried was trying to malign Ellison’s credibility, and that such conduct could chill witnesses from testifying and taint the jury pool.”By selectively sharing certain private documents with the New York Times, the defendant is attempting to discredit a witness, cast Ellison in a poor light, and advance his defense through the press and outside the constraints of the courtroom and rules of evidence: that Ellison was a jilted lover who perpetrated these crimes alone”, prosecutors wrote in the letter.Earlier on Thursday, FTX Trading sued founder Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. More

On July 19, the Royal Canadian Mounted Police (RCMP) in Richmond, a city south of Vancouver, said several similar robberies involving cryptocurrency investors have occurred over the last 12 months.Continue Reading on Coin Telegraph More