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…
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…
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theft was discovered after a user reported issues withdrawing funds, leading to an investigation that revealed Hoak had withdrawn assets from the Redemption Package Contract unnoticed for months.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…
Indictment and Charges Kalien Frazier, a California resident, has been indicted by the US Attorney’s Office for the Eastern District of Pennsylvania. He faces six counts of wire fraud and one count of aggravated identity theft. Employee’s Actions As a customer service representative at an unnamed FDIC-insured bank, Frazier allegedly: Collected sensitive customer data, including…
A Boston hedge fund has snapped up $363 million worth of Bitcoin exchange-traded funds (ETFs). Holdings Breakdown According to Bloomberg analyst Eric Balchunas, Bracebridge Capital owns: $262 million in ARK 21Shares Bitcoin ETF (ARKB) $81 million in BlackRock’s iShares Bitcoin Trust (IBIT) $20 million in Grayscale Bitcoin Trust ETF (GBTC) Bracebridge’s Investments Bracebridge manages around…
Cryptocurrency expert Michaël van de Poppe believes Bitcoin is at a critical juncture, facing a choice between a surge to new highs or a significant sell-off. Bitcoin’s Key Support According to van de Poppe, Bitcoin must hold its current support level of $60,500 to maintain its momentum towards all-time highs. If this support breaks, he…
Crypto analyst Inmortal predicts a second wave of the bull market, with Bitcoin (BTC) mirroring a 2020 pattern before a significant surge. Bitcoin’s Bullish Outlook Despite a bearish market appearance, Inmortal believes Bitcoin remains within a trading range and is poised for a breakout. He advises holding positions as the market prepares for a surge….
