El Salvador’s Bitcoin Office has revealed that their geothermal system, powered by a volcano, has mined approximately 474 Bitcoin (BTC) over the past three years. Mining Success The Central American nation, which made Bitcoin legal tender in 2021, has generated around $30 million worth of the cryptocurrency using a power plant fueled by the Tecapa…
Coinbase’s Chief Legal Officer, Paul Grewal, has criticized the Securities and Exchange Commission (SEC) for allegedly misleading the courts and the crypto sector. SEC’s Lack of Transparency Grewal pointed to the SEC’s case against Digital Licensing Inc., a company that operated as “DEBT Box.” He noted that the SEC admitted in court documents that it…
Analyst Predicts Sharp Surge Crypto analyst BitQuant, who accurately predicted Bitcoin’s rise to $73,000 in 2024, has unveiled a new target: $95,000. Single Move BitQuant believes Bitcoin can reach this target in a single move, representing a 50% increase from its current level. Timing Uncertain The analyst doesn’t speculate on the exact timing of the…
Real Vision analyst Jamie Coutts predicts that Bitcoin and certain altcoins will thrive as artificial intelligence (AI) gains traction. AI’s Need for Money Coutts believes AI requires a monetary system, and Bitcoin is a strong contender. However, stablecoins and tokens from smart contract platforms like Ethereum, Solana, and NEAR are also well-suited. AI’s Impact on…
Long-Term Holders Accumulate Bitcoin’s long-term holders are scooping up the cryptocurrency at its current lower price. This suggests they believe in its potential for growth, despite recent fluctuations. 70,000 BTC Bought These long-term holders have bought a whopping 70,000 BTC, worth over $4.3 billion. This buying spree is seen as a bullish signal for Bitcoin….
12-Second Exploit The US Department of Justice (DOJ) has arrested two brothers, Anton and James Pepaire-Bueno, for allegedly orchestrating a sophisticated attack on the Ethereum blockchain. The brothers are accused of stealing $25 million in crypto within just 12 seconds. Manipulation of Protocols The indictment alleges that the brothers exploited the Ethereum blockchain’s protocols by…
Despite the recent surge in crypto prices, FTX customers are expressing frustration with the proposed bankruptcy plan. Promising Payouts The bankruptcy process has resulted in a potential windfall for FTX customers. The exchange’s assets have increased in value, leading to the possibility of payouts exceeding initial investments. Customer Concerns However, some customers remain dissatisfied. They…
Enhanced Data Protection Worldcoin has released a new system to protect sensitive data. This system is open-source and available to all organizations. It aims to set a new standard for data security, especially for biometric data. Iris Code Deletion As part of this upgrade, Worldcoin has deleted all iris codes previously collected during user registration….
Inside Job Uncovered A core developer of the Solana-based Cypher Protocol, Hoak, has confessed to stealing over $300,000 from the project’s users. The theft was discovered after a user reported issues withdrawing funds, leading to an investigation that revealed Hoak had withdrawn assets from the Redemption Package Contract unnoticed for months. Gambling Addiction Revealed Hoak…
Technical Indicator Signals Potential Upturn Ethereum, the second-largest cryptocurrency, has been showing signs of a potential rebound. Analyst Ali has highlighted a key technical indicator, the TD Sequential, which has issued a buy signal on Ethereum’s daily chart. This suggests a possible upward movement in the next one to four candlesticks. Recent Performance and Market…
