Circle rolls out native USDC tokens on Polygon
Circle taps into Ethereum layer 2 Polygon to provide USDC liquidity directly on the proof-of-stake scaling protocol.
Posts published by Cointelegraph.com News 341/652
BTC price rally in doubt? Bitcoin young supply echoes 2022 bear market
Bitcoin on-chain transaction data shows “uncertain” conditions prevailing, research says, warning that Q2 is not likely to match BTC price gains from earlier in 2023.
OK Group sunsets ‘Okcoin’ for a global transition to ‘OKX’
Founded in 2013, Okcoin will have the same name as OK Group’s other crypto venture, OKX, formerly known as OKEx.
Hut 8 boosts self-mined Bitcoin reserves to 9.4K amid USBTC merger
According to Hut 8 CEO Jaime Leverton, the new merged mining business will have “highly diversified fiat revenue streams.”
SBF seeks to probe FTX lawyers’ roles in $200M Alameda loans
Sam Bankman-Fried’s legal team is seeking permission to cross-examine Gary Wang over FTX lawyers' involvement in Alameda loan approvals.
Cyprus to tighten crypto regulations in accordance with FATF
The Ministry of Finance intends to amend the existing Prevention and Suppression of Money Laundering Law.
Saudi Arabia and China collaborate on Arabic-based AI system
A university in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused AI system called AceGPT.
Binance tight-lipped on projects funded by $1B crypto recovery fund
Binance-initiated IRI fund has only spent some 2.7% of the total of $1.1 billion committed to saving crypto in the aftermath of the FTX collapse, and has still not explained which entities benefited.
SBF's Alameda minted $38B USDT to profit off arbitrage trading: Coinbase director
Coinbase director Conor Grogan has flagged on chain data that highlights massive USDT mints ordered by Sam Bankman-Fried’s Alameda Research in 2021.
Zimbabwe turns gold-backed digital token into payment method
The Reserve Bank of Zimbabwe first introduced its new project, in which every issued digital token would be backed by a physical amount of gold held in the bank’s reserves, in April 2023.
Bitcoin dominance hits 3-month high as ‘hammered’ altcoins risk dive
Bitcoin price action wobbles but recovers without new lower lows, while altcoins suffer, with traders eyeing potential short opportunities.
Sam Bankman-Fried just like Bernie Madoff, Cardano founder says
Charles Hoskinson likened SBF to Bernie Madoff, the mastermind behind the largest Ponzi scheme in history, and says the media is giving him a “free pass.”
Mistake or money laundering? User pays $1.6 million for CrypToadz NFT
The purchase was funded from a digital wallet, which has been a part of the chain of transactions, anonymized by the Ethereum coin mixing service Tornado Cash.
Binance users in Hong Kong lose $450K in wave of fraud texts: HK police
Hong Kong police have issued a warning concerning a recent Binance phishing scam targeting Hong Kong users of the platform.
Bitcoin analysts look to November as price action looks to mirror past cycles
Bitcoin’s months of sideways action have been uncannily similar to the previous two BTC market cycles, which saw a pivot in November leading up to a halving event.
Ordswap urges users to recover keys after losing control of website
Before it was taken down, Ordswap users said the compromised website directed users to a phishing link.
Friend.tech adds new security upgrade in wake of SIM-swap attacks
The 2FA security measure is optional for Friend.tech users seeking additional security on the platform.
FTX hacker could be using SBF trial as a smokescreen: CertiK
The still-unidentified FTX hackers started ramping up their movement of stolen funds in recent weeks, potentially using media attention of the trial as a cover to hide the illicit activity.
3Commas on ‘heightened alert’ after several user accounts hacked
The firm has implemented additional security measures following an investigation that found “only a few” 3Commas user accounts were compromised.
Bitcoiner drops BitVM paper — bringing Ethereum-like contracts to Bitcoin
The author of the white paper, Robin Linus, based BitVM’s architecture on Ethereum’s optimistic rollups with fraud proofs and recent Merkle tree developments.
US Stocks Overcome Early Decline Amid Israeli-Gaza Tensions to Close Higher
The Dow and S&P 500 fell early in the day, but rebounded to end the day positive.
Pro-crypto RFK Jr. leaves Democrats to campaign for U.S. president as independent
Robert F. Kennedy Jr. is starting his presidential candidacy as an independent with a strong showing of 19%, according to the super PAC supporting him. That’s far behind Biden and Trump.
Brazilian securities regulator plans sandbox for tokenization in 2024
Daniel Maeda with Brazil's CVM said during Rio Innovation Week the regulator plans to explore a regulatory sandbox for use cases of tokenization potentially starting in 2024.
Judge sides with Ripple again, denies SEC appeal: Law Decoded
Crypto lawyers are seemingly divided over the significance of a court order to dismiss the SEC’s motion.
Michael Lewis' new book puts a positive spin on Sam Bankman-Fried
Michael Lewis painted an overwhelmingly positive picture of former FTX CEO Sam Bankman-Fried in his new book, "Going Infinite: The Rise and Fall of a New Tycoon."
Ripple's chief financial officer steps down amid SEC lawsuit
The SEC filed a lawsuit against Ripple in December 2020 for using XRP to raise funds, which the commission claimed was a violation of securities laws.
Chinese government-owned newspaper to launch NFT platform
China Daily stated that digital collectibles sold on its platform may be bridged to the likes of Opensea and LooksRare.
Astrology NFT project ‘Lucky Star Currency’ rugged for over $1m - Certik
The deployer account for LSC drained over $1 million in tokens from the project, then swapped them to BUSD using PancakeSwap.
What is going on with Sam Bankman-Fried’s defense?
Former FTX CEO Sam "SBF" Bankman-Fried has been on trial since Oct. 3, but his legal counsel has yet to present a compelling narrative to support his defense.
Local Web3 community launches ‘Crypto Aid Israel’ to help displaced citizens
The charity campaign aims to raise funds for humanitarian aid to help Israelis affected by the recent conflict.