Category : Bitcoinist

Bitcoinist

Sim Swap Threats Rise As Crypto Losses Cross $13.3 Million In Four Months

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Bitstamp Ceases Ethereum Staking For US Customers Amid Regulatory Barriers

Bitstamp, one of the prominent cryptocurrency exchanges, has announced its decision to terminate Ethereum (ETH) staking services for its US clientele. This move, exclusive to the United States, comes as a result of regulatory challenges in the countr...

Paxos Report: Is Blockchain The Next Step For Global Remittances?

The age of digital currencies and blockchain technology is upon us, with an increasing number of institutions advocating for their widespread adoption. At the forefront of this conversation is Paxos Trust Company, the New York-based stablecoin titan....

USPTO Rejects Dogecoin Foundation’s Trademark Application, What It Means

In a pivotal decision, the United States Patent and Trademark Office (USPTO) has declined the Dogecoin Foundation, Inc.’s application to trademark a design of a gold circular medallion featuring the iconic Shiba Inu dog and the letter “D&...

Ripple vs. SEC: Trial Dates And Next Deadlines You Need to Know

In the continuing legal saga between Ripple Labs, its top executives, and the U.S. Securities and Exchange Commission (SEC), U.S. District Court Judge Analisa Torres has made critical announcements concerning the upcoming trial dates and associated d...

FTX Founder Bankman-Fried’s Defense Strategy Unveiled In Letter To Judge

In a recent letter addressed to Judge Lewis Kaplan, lawyers representing FTX founder Sam Bankman-Fried outlined their defense strategy, emphasizing the importance of the “counsel advice” approach. The letter, dated August 23, 2023, respo...

Binance Pay Launches In Brazil, Enabling Merchants To Accept Crypto Payments

Binance has achieved an impressive milestone in its expansion plans as the crypto exchange has launched its payment service, Binance Pay, in Brazil. With Binance Pay, merchants in Brazil can now accept cryptocurrency payments, offering customers low...

Bitcoin Mining Difficulty To Adjust Double-Digits Despite New ATH, Will This Trigger A Rally?

The Bitcoin mining difficulty has been skewing upward for the better part of a year now and it seems there is no end in sight for this metric yet. The latest difficulty adjustment for Bitcoin mining has brought it to a brand new all-time high (ATH)....

Crypto Heayweight Accused Of $290 Million Scam Among Other Charges

Crypto Israeli investor and prominent businessman Moshe Hogeg is set to face charges for his alleged involvement in a $290 million scam, according to a report by Bloomberg on Wednesday. Over the last two years, Hogeg has been investigated by the Isra...

GenZ’s Crypto Rebellion: South Korean Youth Chooses XRP Over Bitcoin And Ethereum

South Korea, known for its tech-savvy populace and a strong inclination towards crypto investments, has thrown a new trend into the spotlight concerning XRP. A recent report from the South Korean news outlet News1 Korea indicates that the nation̵...

How XRP Wallet Xumm Completed This Partnership To Integrate Bitcoin And Ethereum

Xumm, a native wallet for the XRP Ledger developed by XRPL Labs, revealed a partnership to expand its payment capabilities. According to an official post, the wallet partnered with GateHub to add more On and Off-Ramp options. XRP Ledger Increases Pa...

FTX’s Sam Bankman-Fried Says Bread And Peanut Butter Is His Only Sustenance In Jail

Sam Bankman-Fried’s legal team has complained to a Magistrate Judge about the “outrageous” prison conditions the former FTX CEO is being held in. The attorney stated that Bankman-Fried is living on meager sustenance due to the prison’s inabilit...

BREAKING: Tornado Cash Co-Founder Becomes Latest Addition To US Sanctions List

According to recent information disclosed by the reporter Colin Wu, Roman Semenov, the co-founder of Tornado Cash, has been added to the United States Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals (SDN) List. Tornado...

Here’s What Could Trigger A Rebound For Ethereum

Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd...

Judge Sends OpenSea Employee To Prison For NFT Insider Trading

The first case of NFT insider trading has come to a close as a US Judge has sentenced a former OpenSea employee to prison. OpenSea Head Of Products Arrested For Fraud Nathaniel Chastain, former Head of Products of OpenSea, the world’s largest non-fun...

Australia’s Central Bank Wraps Up CBDC Pilot Program – Is Issuance On The Horizon?

Australia’s central bank, the Reserve Bank of Australia (RBA), has completed its pilot program exploring the potential use cases of a central bank digital currency (CBDC). The research project, carried out in conjunction with the Digital Finance Coo...

Billionaire Mark Cuban Enters Crypto Regulation Debate, Takes Jab At SEC In Tweet

Billionaire entrepreneur Mark Cuban has taken a direct jab at the US Securities and Exchange Commission, in a move that has ignited a fresh wave of discussions surrounding the regulation of crypto assets. Cuban’s criticism stems from what he p...

FBI Warns North Korean Hackers May Sell $40 Million In Bitcoin

In a recent statement, the Federal Bureau of Investigation (FBI) alerted the crypto industry about suspicious Bitcoin transactions linked to the Democratic People’s Republic of Korea (DPRK). These activities connect directly to a theft amountin...

Binance Strategic Moves: Claims Of Bitcoin Sales To Bolster BNB Token

Binance, one of the leading cryptocurrency exchanges, is once again in the spotlight for some intriguing reasons. Recent reports suggest that the platform might be engaged in selling Bitcoin to bolster the value of its native cryptocurrency, Binance...

Crypto Lender BlockFi Says Its Customers Are More Important Than FTX

Bankrupt crypto lender BlockFi has moved to recover several assets in a bid to settle its customers as part of its ongoing bankruptcy proceedings. And the company is standing firm that its customers should take priority over fellow bankrupt company F...

Bitcoin Gets Backing From US Pres’l Candidate, Says Crypto Supports Civil Rights

US presidential candidate Robert F. Kennedy Jr. has emerged as a fervent advocate for Bitcoin, elevating the cryptocurrency into the realm of civil liberties. Characterizing himself as a “lifelong defender of civil liberties,” Kennedy passionately en...

State Bank Of Pakistan Calls Ripple and XRP ‘Encouraging Work’

In a surprising revelation from the State Bank of Pakistan (SBP) in their 2022 financial stability report, the institution acknowledged the nascent, albeit “promising work” of Ripple and XRP, in the global payment ecosystem. State Bank Of...

US DOJ Action Vs. Binance Becomes More Likely, Warns Ex-SEC Official

For months now, ex-SEC enforcement official John Reed Stark has been vocal about his speculation that a US Department of Justice (DOJ) action against Binance is imminent or has already been filed under seal. While these assertions haven’t yet m...

Bitcoin Ordinals Fees Crash 24% As BTC Dump Towards $25,000

The latest data on August 22 shows that the total daily fees generated from Bitcoin Ordinals on the world’s most valuable network have crashed from around $95,000 to $72,000, a 24% drop. The contraction mirrors the general performance of BTC pr...

Binance.US Teams Up With MoonPay Amid Banking Challenges And SEC Woes

Crypto exchange Binance.US has recently encountered many legal and financial obstacles amid heightened regulatory scrutiny. However, to restore a reliable influx of dollars, the exchange has allied with MoonPay, a payment startup renowned for its par...

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