The original currency notched a new all-time high on Wednesday, breaking through the psychological barrier of $100,000 and then climbing even higher. The surge comes amid a climate of broader exuberance in the crypto industry, which is anticipating that the election of Donald Trump will lead to looser regulation and more blockchain innovation in the […]
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Meta Removes Millions of Accounts Pushing ‘Pig Butchering’ Investment Scam
Meta said Thursday that it removed more than 2 million accounts this year that sought to trick internet users around the world into forking over their money in fake investment schemes, part of a rise in criminal activity across the web. The accounts are linked to so-called pig butchering schemes, in which criminal organizations make […]
Continue ReadingCrypto Laundering Scheme
A man whose 2016 hack of Bitfinex drained nearly 120,000 bitcoin from that cryptocurrency exchange was sentenced to five years in prison for a money laundering scheme that he and his wife pulled off to hide the swiped crypto. The value of that bitcoin at the time of the hack was just $70 million when […]
Continue ReadingCrypto Witch Hunt
SEC Sued by 18 States for Overstepping on Crypto Regulation 18 Republican Attorney Generals signed the lawsuit against the SEC and five of its commissioners for going after crypto companies and preventing the States from formulating their regulations. The lawsuit alleged that the agency’s crackdown on crypto companies goes against constitutionally bestowed powers to the […]
Continue ReadingBitcoin Tops $71,000
Bitcoin rose past $71,000 for the first time since June, bolstered by inflows into dedicated exchange-traded funds as well as speculation about potential outcomes from next week’s US election. The largest digital asset climbed more than 2%, changing hands at $71,310 as of 10:45 a.m. on Tuesday in Singapore. Second-ranked Ether and meme-crowd favorite Dogecoin […]
Continue ReadingBitcoin Nears $70K
Bitcoin Nears $70K Amid Record Open Interest at $40B as Trump-Harris Election Nears Bitcoin’s price rose by 1.5% in 24 hours, with significant increases in futures open interest, indicating continued money flow into the market. The crypto market saw broad gains with Solana (SOL) and other major cryptocurrencies rising, fueled by speculative trading and thematic […]
Continue ReadingFBI Arrests Alabama Man in Hack of SEC’s X Account
FBI officials arrested an Alabama man Thursday for allegedly hacking the Securities and Exchange Commission’s X account this year as part of an attempt to promote bitcoin. Eric Council Jr., 25, was slated to appear Thursday in the U.S. District Court for the Northern District of Alabama on charges of conspiracy to commit aggravated identity […]
Continue ReadingBitcoin Climbs to More Than One-Week High
Bitcoin touched $61,000 after Donald Trump’s defiant response to an assassination attempt spurred speculation that the pro-crypto former president’s chances of winning reelection have climbed. The largest digital asset rose as much as 2.2% on Monday and changed hands at $60,850 as of 7:03 a.m. in Singapore, the highest level in more than a week. […]
Continue ReadingTrump To Address Bitcoin Conference
Former U.S. president and current Republican presidential candidate Donald Trump will speak at Bitcoin 2024 in Nashville, Tennessee, on July 27, the organizers of the conference said on Wednesday. WHY IT’S IMPORTANT Trump, who is running against Democratic President Joe Biden in November’s U.S. election, presented himself during a San Francisco fundraiser in June as […]
Continue ReadingBitcoin Pizza Day
Happy Bitcoin Pizza Day to all who celebrate. Celebrate what, you might ask? Wednesday’s “holiday” marks the anniversary of the day when, in 2010, Laszlo Hanyecz got two pizzas delivered to his house from Papa John’s, which he paid for using Bitcoin, Quartz reports. (How exactly he did so is a bit confusing; you can […]
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