Crypto news

On August 23, 2024, U.S. District Judge William H. Orrick denied crypto exchange Kraken’s motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC). The SEC alleges that some of Kraken’s cryptocurrency transactions could be classified as investment contracts and thus fall under securities regulations. According to the received evidence, Judge Orrick decided that Kraken generated more than $43,000,000 in revenue for the trading fees and allowed almost any transaction...

Tether recently assisted the US DoJ in recovering close to $5 million worth of USDT lost in a romance scam. It has reclaimed $108 million from scams since it launched in 2014. Tether, the firm behind the largest stablecoin by market capitalization, USDT, claimed it has helped victims of fraud and law enforcement agencies reclaim $108.8 million worth of USDT since its inception in 2014. The stablecoin issuer can track the flow of its asset, possessing the capability to block wallets from...

Polygon’s Discord channel was hacked today, with one team member asking users not to click on any links on the group. A user has stated they lost $150,000 from their Ethereum pool because of this hack. The official Polygon Discord channel was hacked earlier today. Its chief information security officer, Mudit Gupta, warned users of the incident. “PSA: Do not click on any links in the @0xPolygon community discord until further notice. It has been compromised and we’re trying to get back...

Coinbase has expressed the belief that young, pro-crypto voters might influence the 2024 US presidential elections and potentially could become the deciding factor on who wins. In a report released on August 19, the exchange states that Gen Z and Millennials—who now represent 40% of the electorate—are increasingly supporting candidates who advocate for crypto and financial innovation. Crypto’s Growing Appeal Ahead of 2024 Elections According to the blog, younger Americans are...

Nervos CKB, known for its secure and versatile blockchain platform, has announced the launch of a new initiative called Fiber Network. This next-generation open lightning network aims to enhance blockchain transactions. It will offer decentralized, low-cost, and rapid multi-currency payouts and peer-to-peer transfers for RGB++ assets. The Fiber Network, which is expected to go live for testing next week, is a common lightning network based on Nervos CKB and off-chain channels. It is aimed at...

Bitcoin (BTC) experienced a significant surge on Friday, climbing to nearly $64,000. This boost in price followed two major events that positively impacted the cryptocurrency market. The first was when the US Federal Reserve Chairman Jerome Powell mentioned that a monetary easing cycle would begin in the following month. This news led to a 3% increase in Bitcoin price within the next session of trading. The second one was the moment with the Independent presidential candidate Robert F....

Kraken was found guilty of providing its product without conducting a target market determination and operating a credit facility in Australia. The ASIC, the regulator that brought the suit, and Kraken’s local entity, Bit Trade, have seven days to negotiate settlements. Australian federal court ruled against Kraken’s local entity, Bit Trade, in a suit brought against it by the Australian Securities and Investments Commission (ASIC). The regulator claimed that Bit Trade launched its product...

WeChat ist mit den verschiedensten Online-Inhalten verknüpft und kann selbst zum Online-Shopping genutzt werden. Denn ebenfalls von zentraler Bedeutung ist WeChat Pay, der integrierte Bezahldienst. Dieser wird in China von rund 600 Millionen Menschen genutzt und ist damit eine der wichtigsten Bezahlmethoden überhaupt. WeChat hat sich in...

After a relatively weak period of trading sideways for days and days, bitcoin’s price went on the offensive on Friday evening and Saturday morning and tapped $65,000 for the first time since early August. Some of the most probable reasons behind this $5,000 daily surge seem to be connected to the US central bank and the upcoming elections in the country. First, it Was the Fed Bitcoin’s relationship with the US Federal Reserve’s economic policies has been demonstrated numerous...

The AMOS stealer targets wallets on MacOS devices to drain the funds they hold. Its developers advertise it as popular applications used in the MacOS ecosystem, only to have users download the malware from spoofed sites that look like the real deal. The AMOS—short for Atomic MacOS—malware has received an upgrade that allows it to clone wallet applications on devices operating with MacOS. The group behind its development, ‘Crazy Evil,’ is advertising it via Google AdSense, masking it as...