​Cryptocurrency Con Artist Detained Despite Dramatic Makeover Attempt
In a story straight out of a Hollywood screenplay, a crypto fraudster tried to give authorities the slip by drastically altering their appearance. Unfortunately for our seemingly slick scammer, it appears law and order had a more effective strategy, leading to their eventual arrest. As it turned out, changing your looks isn't quite like changing your public key; the blockchain technology failed to be influential in the physical world. This gutsy but ill-fated attempt at evasion serves as a reminder to all crypto enthusiasts - it's best to play by the rules in the digital and real world alike.
Sentiment: Amused
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In a story straight out of a Hollywood screenplay, a crypto fraudster tried to give authorities the slip by drastically altering their appearance. Unfortunately for our seemingly slick scammer, it appears law and order had a more effective strategy, leading to their eventual arrest. As it turned out, changing your looks isn't quite like changing your public key; the blockchain technology failed to be influential in the physical world. This gutsy but ill-fated attempt at evasion serves as a reminder to all crypto enthusiasts - it's best to play by the rules in the digital and real world alike.
Sentiment: Amused
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CryptoDnes
Crypto Scammer Tried to Evade Authorities with New Appearance, but Was Arrested
South Korean authorities have apprehended the leader of a $12 million cryptocurrency scam who attempted to evade capture...
​"Cryptocurrency Holders More Likely to Exhibit Unsettling Traits, Study Reveals"
A recent study suggested an unexpected twist in the crypto-world, implying a strong connection between psychological traits typically associated with psychopathy and ownership of cryptocurrency. As astonishing as it might sound, the study hints at how owning cryptocurrency is more common among individuals displaying such eccentric tendencies.The limited information available doesn’t delve deeper into the specific traits, or the crypto investments involved, leaving much to the crypto community's vivid imagination. Cryptoseekers are left wondering which specific unsettling traits might be linked to their Bitcoin, Ethereum or Dogecoin holdings.
Sentiment: Intriguing.
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A recent study suggested an unexpected twist in the crypto-world, implying a strong connection between psychological traits typically associated with psychopathy and ownership of cryptocurrency. As astonishing as it might sound, the study hints at how owning cryptocurrency is more common among individuals displaying such eccentric tendencies.The limited information available doesn’t delve deeper into the specific traits, or the crypto investments involved, leaving much to the crypto community's vivid imagination. Cryptoseekers are left wondering which specific unsettling traits might be linked to their Bitcoin, Ethereum or Dogecoin holdings.
Sentiment: Intriguing.
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Luxembourg Times
Crypto owners more likely to have psychopathic traits, study says
Digital-asset holders tend toward dark personalities with narcissism, psychopathy and sadism, Toronto and Miami university researchers say
​"Crypto Exchanges Accused of Cooking Their Liquidation Books, Warns Research Analyst"
In the world of high stakes crypto trading, accurate liquidation data is as crucial as a sturdy raft in tumultuous waters. Senior Analyst Vetle Lunde, of K33 Research, however, has sounded the alarm, suggesting all may not be as it seems. According to Lunde, key players such as Binance, Bybit, and OKX may be pulling the wool over our eyes by tampering with their data reporting procedures, thereby grossly misrepresenting the real extent of market liquidations. And why do we care? Well, this data is pivotal for accurately assessing the market's risk appetite and figuring out whether a market downturn has effectively swept out those over-ambitious speculative leveraged positions.
Adding another layer on this onion of confusion, Lunde drops a hint that these exchanges might just be keeping their cards--or in this case, their data--close to their chests in a bid to stay ahead of their game. However dull and dry it may sound, this lack of transparent data is a genuine concern. But fear not, our vigilant analyst also suggests alternative pathways to estimate current liquidation volumes. These include reviewing shifts in open interest or dipping into the decadent sauce of historical data to cook up current trends.
Sentiment: Concerning
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In the world of high stakes crypto trading, accurate liquidation data is as crucial as a sturdy raft in tumultuous waters. Senior Analyst Vetle Lunde, of K33 Research, however, has sounded the alarm, suggesting all may not be as it seems. According to Lunde, key players such as Binance, Bybit, and OKX may be pulling the wool over our eyes by tampering with their data reporting procedures, thereby grossly misrepresenting the real extent of market liquidations. And why do we care? Well, this data is pivotal for accurately assessing the market's risk appetite and figuring out whether a market downturn has effectively swept out those over-ambitious speculative leveraged positions.
Adding another layer on this onion of confusion, Lunde drops a hint that these exchanges might just be keeping their cards--or in this case, their data--close to their chests in a bid to stay ahead of their game. However dull and dry it may sound, this lack of transparent data is a genuine concern. But fear not, our vigilant analyst also suggests alternative pathways to estimate current liquidation volumes. These include reviewing shifts in open interest or dipping into the decadent sauce of historical data to cook up current trends.
Sentiment: Concerning
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TradingView
Crypto Liquidation Data Rigged By Exchanges? Researcher Unveils The Truth
Vetle Lunde, a senior analyst at K33 Research, has issued a stark warning regarding the practices of prominent crypto exchanges concerning the authenticity of liquidation data. In a post on X, Lunde outlines how exchanges such as Binance, Bybit, and OKX have…
​Buterin Shreds Profit-Making Rumors, Clarifies His ETH Sales Supported Web3 Projects
Ethereum's head honcho Vitalik Buterin recently faced an unwanted spotlight as a member from the crypto community accused him of raking in millions from dumping his Ether stash. The accusations were triggered on Aug. 30, following a bullish tweet from Buterin himself. A day later, Buterin chose to tackle the rumor beast head on, responding to a community post, emphasizing that his ETH sales were never about personal financial gains.
His Ether was sold, yes. And he's not denying that. But his intention was far from just filling up his own pockets. According to Buterin, his Ether sail was a financial lifeboat for various Web3 projects and charities finding it hard to make ends meet.
When thrown under the bus, don’t expect the community to sit back and watch. And that's exactly what happened. Far from questioning his ethics, the community rallied to support him, even going as far as encouraging him to sell ETH for profit, a proposition Buterin wisely sidestepped. All in all, the episode turned out to be more of a stir than a shake.
Sentiment: Neutral
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Ethereum's head honcho Vitalik Buterin recently faced an unwanted spotlight as a member from the crypto community accused him of raking in millions from dumping his Ether stash. The accusations were triggered on Aug. 30, following a bullish tweet from Buterin himself. A day later, Buterin chose to tackle the rumor beast head on, responding to a community post, emphasizing that his ETH sales were never about personal financial gains.
His Ether was sold, yes. And he's not denying that. But his intention was far from just filling up his own pockets. According to Buterin, his Ether sail was a financial lifeboat for various Web3 projects and charities finding it hard to make ends meet.
When thrown under the bus, don’t expect the community to sit back and watch. And that's exactly what happened. Far from questioning his ethics, the community rallied to support him, even going as far as encouraging him to sell ETH for profit, a proposition Buterin wisely sidestepped. All in all, the episode turned out to be more of a stir than a shake.
Sentiment: Neutral
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Cointelegraph
Vitalik Buterin denies selling Ether for profit
Ethereum co-founder Vitalik Buterin refutes allegations that he profited from ETH sales, highlighting his financial support for Web3 projects and charities.
​Quick Reflexes Save the Day as Hong Kong Green-lights Late Crypto License Application
In a truly 'better late than never' moment, Hong Kong upheld its reputation as a haven for cryptocurrencies, displaying a surprisingly lenient approach towards punctuality. The city-state let a tick of the clock go by in the heavyweight game of cryptocurrency, accepting a crypto license application past the usual deadline. The inviolable rules tumble in front of the massive wave of fintech, it seems! Details are hazy as a thick San Franciscan fog surrounding this late submission, but what's known is clear: The paperwork slipped in just after the bell but was granted permission to join the race anyway. Cryptocurrency traders may find solace (and possibly, a chuckle) in knowing that, even in the tightly regulated world of digital finance, there's room for a last-minute dash.
Sentiment: Amused
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In a truly 'better late than never' moment, Hong Kong upheld its reputation as a haven for cryptocurrencies, displaying a surprisingly lenient approach towards punctuality. The city-state let a tick of the clock go by in the heavyweight game of cryptocurrency, accepting a crypto license application past the usual deadline. The inviolable rules tumble in front of the massive wave of fintech, it seems! Details are hazy as a thick San Franciscan fog surrounding this late submission, but what's known is clear: The paperwork slipped in just after the bell but was granted permission to join the race anyway. Cryptocurrency traders may find solace (and possibly, a chuckle) in knowing that, even in the tightly regulated world of digital finance, there's room for a last-minute dash.
Sentiment: Amused
​Read Article
Cointelegraph
Hong Kong accepts crypto license application past deadline
As of June 1, operating an unlicensed virtual asset trading platform in Hong Kong became a criminal offense.
​Meta Rings the Alarm Bells: Prepare for Quantum Armageddon in Cryptography!
Buckle up, crypto enthusiasts! Meta, the corporate overlord formerly known as Facebook, has sounded the battle cry, alerting the world to an impending "quantum apocalypse." And no, they are not referring to your annoying little brother who won't stop asking you why you've bought so much Dogecoin.
In what may sound like a plot straight out of a sci-fi movie, Meta considers the dawn of quantum computing a significant threat to modern encryption and cryptography standards. Now before you rush to your bomb shelters, it's not the physical world but cyber-security they're worried about. These quantum computers are predicted to have the capacity to crack codes and break encryptions that currently give hackers a run for their Bitcoins.
Meta's warning serves as a stark reminder that as technology marches on, security must march double-time. So, while quantum computing may seem like a leap into a promising future of fast and efficient problem solving, it might disrupt the delicate negotiated peace in the crypto world. Will our crypto knights rise to the challenge and keep up with the cryptographic arms race that quantum computing sparks? Or will we see the fall of the crypto empire? Only time will tell!
Sentiment: Amusingly Concerned
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Buckle up, crypto enthusiasts! Meta, the corporate overlord formerly known as Facebook, has sounded the battle cry, alerting the world to an impending "quantum apocalypse." And no, they are not referring to your annoying little brother who won't stop asking you why you've bought so much Dogecoin.
In what may sound like a plot straight out of a sci-fi movie, Meta considers the dawn of quantum computing a significant threat to modern encryption and cryptography standards. Now before you rush to your bomb shelters, it's not the physical world but cyber-security they're worried about. These quantum computers are predicted to have the capacity to crack codes and break encryptions that currently give hackers a run for their Bitcoins.
Meta's warning serves as a stark reminder that as technology marches on, security must march double-time. So, while quantum computing may seem like a leap into a promising future of fast and efficient problem solving, it might disrupt the delicate negotiated peace in the crypto world. Will our crypto knights rise to the challenge and keep up with the cryptographic arms race that quantum computing sparks? Or will we see the fall of the crypto empire? Only time will tell!
Sentiment: Amusingly Concerned
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CryptoSlate
Meta warns of looming ‘quantum apocalypse’ for modern encryption, cryptography standards
Meta's cryptographer stated that protecting asymmetric cryptography is the company's top priority related to quantum computing.
​'Utterly Bonkers' - Crypto Circles Buzzing Over X's Brazilian Hibernate
The recent suspension of cryptocurrency 'X' in Brazil has left the crypto community in collective head-shaking disbelief, terming the incident as 'absolutely nuts'. The unforeseen development has raised eyebrows and set tongues wagging in crypto chat rooms and social media forums alike, as enthusiasts seek to understand the reasons and implications of this halting of X in the South American nation.
Sentiment: Amused
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The recent suspension of cryptocurrency 'X' in Brazil has left the crypto community in collective head-shaking disbelief, terming the incident as 'absolutely nuts'. The unforeseen development has raised eyebrows and set tongues wagging in crypto chat rooms and social media forums alike, as enthusiasts seek to understand the reasons and implications of this halting of X in the South American nation.
Sentiment: Amused
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Cointelegraph
‘Absolutely nuts’ — Crypto community reacts to X suspension in Brazil
The crypto community has responded negatively to the news that Brazil has suspended X for its citizens after Elon Musk refused to appoint a legal representative.
​Cardano's Governance Focused Chang Hard Fork To Take off— What's on The Horizon?
Cryptocurrency stakeholders have their eyes on the launch of Cardano's game changing Chang hard fork after a unanimous vote of confidence from key players. Intersect, Emurgo, the Cardano Foundation, and Input Output are all on board for this daring mission. According to insiders, the Chang hard fork is expected to go live by the end of this week, and it's shaping up to be quite an event.
Chang hard fork is not just another cryptocurrency update; it's Cardano's brainchild, designed to revolutionise it's governance. With this exciting development, Cardano aims to break down barriers for developers, users, and investors, effectively expanding their ecosystem. Garnering more insights and perspectives will be key, and Chang's launch could very well mark a significant shift in ADA's value.
While we can't guarantee future market movements (wish we had that crystal ball), we can say this: Chang hard fork presents an opportunity. If successful and received well by the market, there's a potential for ADA's value to take that long-anticipated leap. So, for those already in the Cardano ecosystem or those on the fence, strap in, this could be a thrilling ride!
Sentiment: Optimistic
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Cryptocurrency stakeholders have their eyes on the launch of Cardano's game changing Chang hard fork after a unanimous vote of confidence from key players. Intersect, Emurgo, the Cardano Foundation, and Input Output are all on board for this daring mission. According to insiders, the Chang hard fork is expected to go live by the end of this week, and it's shaping up to be quite an event.
Chang hard fork is not just another cryptocurrency update; it's Cardano's brainchild, designed to revolutionise it's governance. With this exciting development, Cardano aims to break down barriers for developers, users, and investors, effectively expanding their ecosystem. Garnering more insights and perspectives will be key, and Chang's launch could very well mark a significant shift in ADA's value.
While we can't guarantee future market movements (wish we had that crystal ball), we can say this: Chang hard fork presents an opportunity. If successful and received well by the market, there's a potential for ADA's value to take that long-anticipated leap. So, for those already in the Cardano ecosystem or those on the fence, strap in, this could be a thrilling ride!
Sentiment: Optimistic
​Read Article
Crypto Briefing
Cardano's Chang hard fork set to launch tomorrow—here's what you should expect
An overview about the Cardano Chang hard fork, its key features, and how the upgrade could impact ADA's price actions.
​Nigeria Greenlights its First Crypto Exchange; Crypto Craze Hits Egypt
99Bitcoins brings us exciting updates from the blooming African crypto world this week - Nigeria jumps on the crypto bandwagon and approves its inaugural cryptocurrency exchange, whilst Bitcoin is the new buzzword making waves in Egypt. Alongside gaining recognition from the official exchange, Nigeria's crypto market has also been positively acknowledged by local civil society organizations. Also making the headlines is the country's tax agency, deciding to bring crypto within its taxation umbrella. Meanwhile, a recent report by Swiss crypto firm Crypto Valley reveals a minor setback as funding sees a tiny plunge for blockchain platforms across the African continent. However, on the upside, their sleek, one-click solution is winning hearts by simplifying mobile crypto trading for users making fiat deposits. And talk about catching crypto fever, Egyptians seem to be leveraging it as a main income source, with Bitcoin trading taking the centre stage. It's evident that the fascination for cryptocurrencies is turning into a full-blown epidemic on the African landscape.
Sentiment: Positive
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99Bitcoins brings us exciting updates from the blooming African crypto world this week - Nigeria jumps on the crypto bandwagon and approves its inaugural cryptocurrency exchange, whilst Bitcoin is the new buzzword making waves in Egypt. Alongside gaining recognition from the official exchange, Nigeria's crypto market has also been positively acknowledged by local civil society organizations. Also making the headlines is the country's tax agency, deciding to bring crypto within its taxation umbrella. Meanwhile, a recent report by Swiss crypto firm Crypto Valley reveals a minor setback as funding sees a tiny plunge for blockchain platforms across the African continent. However, on the upside, their sleek, one-click solution is winning hearts by simplifying mobile crypto trading for users making fiat deposits. And talk about catching crypto fever, Egyptians seem to be leveraging it as a main income source, with Bitcoin trading taking the centre stage. It's evident that the fascination for cryptocurrencies is turning into a full-blown epidemic on the African landscape.
Sentiment: Positive
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99Bitcoins
Crypto Africa Review: Nigeria Approves First Exchange, Bitcoin Trading Explodes In Egypt
Crypto in Africa is growing. Nigeria has approved the first crypto exchange, while Bitcoin trading is popular in Egypt
​Stablecoin-Based Payments Network Bags $58M in Bridge Fundraiser
If you're into digital currency, you might already be wagging your proverbial tail at this news. If not, prepare for a crash course in what's shaking in the cryptoverse. A recent report indicates a firm dealing in stablecoin-based payments networks just successfully concluded a bridge fundraising round to the tune of $58 million. In case you're scratching your head wondering "stablecoin...huh?", these are cryptocurrencies intended to minimize volatility by being pegged to a stable asset or a bundle of assets. Alright, enough with the crypto 101. What’s certain is that this venture has managed to excite some savvy investors and it seems we can expect more highly intriguing maneuvers in the crypto payment network arena soon.
Sentiment: Positive
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If you're into digital currency, you might already be wagging your proverbial tail at this news. If not, prepare for a crash course in what's shaking in the cryptoverse. A recent report indicates a firm dealing in stablecoin-based payments networks just successfully concluded a bridge fundraising round to the tune of $58 million. In case you're scratching your head wondering "stablecoin...huh?", these are cryptocurrencies intended to minimize volatility by being pegged to a stable asset or a bundle of assets. Alright, enough with the crypto 101. What’s certain is that this venture has managed to excite some savvy investors and it seems we can expect more highly intriguing maneuvers in the crypto payment network arena soon.
Sentiment: Positive
​Read Article
Coindesk
Bridge Fundraising for Stablecoin-Based Payments Network Totals $58M: Report
Bridge, founded by Square and Coinbase alumni, recently raised $40 million in a round led by Sequoia and Ribbit.
​Lone Miner Strikes Bitcoin Gold with Minuscule Hashrate Share
A solo cryptocurrency miner has proven that winning isn't always about having the most power, but sometimes it's pure luck. With a meager 0.012% slice of the total Bitcoin mining power, or hashrate, this lone ranger successfully mined a block and hit the jackpot on the Bitcoin lottery. No, you're not reading a David and Goliath story here. This is real life.
Despite swimming upstream against miners controlling massive amounts of hashrate, this solo performer managed to successfully mine a block, or solve a complex mathematical puzzle, to claim the reward. And what's the reward you ask? In the world of Bitcoin, it's a handsome sum of $200,000.
Think about it, a person controlling a puny 0.012% against others wielding massive hashrate power and yet walking away with the gold. Sounds like the plot of an underdog movie, doesn't it? Let this be a lesson to all crypto enthusiasts out there. It's not always the one with the most power that wins, sometimes it's just the luck of the draw. So load up your mining rigs and dream big, for you might be the next winner of the Bitcoin lottery.
Sentiment: Amused
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A solo cryptocurrency miner has proven that winning isn't always about having the most power, but sometimes it's pure luck. With a meager 0.012% slice of the total Bitcoin mining power, or hashrate, this lone ranger successfully mined a block and hit the jackpot on the Bitcoin lottery. No, you're not reading a David and Goliath story here. This is real life.
Despite swimming upstream against miners controlling massive amounts of hashrate, this solo performer managed to successfully mine a block, or solve a complex mathematical puzzle, to claim the reward. And what's the reward you ask? In the world of Bitcoin, it's a handsome sum of $200,000.
Think about it, a person controlling a puny 0.012% against others wielding massive hashrate power and yet walking away with the gold. Sounds like the plot of an underdog movie, doesn't it? Let this be a lesson to all crypto enthusiasts out there. It's not always the one with the most power that wins, sometimes it's just the luck of the draw. So load up your mining rigs and dream big, for you might be the next winner of the Bitcoin lottery.
Sentiment: Amused
​Read Article
Cointelegraph
Solo miner wins $200K Bitcoin lottery with just 0.012% of hashrate
A solo Bitcoin miner just netted nearly $200,000 for solving a Bitcoin block with just 0.012% of the network’s average hashrate.
​Cryptocurrency Enthusiasts Support Harris with $100,000 Fundraising Goal Despite Industry Criticism
Despite skepticism from the cryptocurrency world and ongoing enforcement actions by the SEC under the Biden administration, a group of crypto investors has put their faith in Kamala Harris. They have set a fundraising target of $100,000 for the Democratic nominee by hosting a fundraiser on September 13 in Washington. This target might come across as humble, considering the millions that Harris has raised since she secured her candidacy back in July. However, it clearly highlights industry support that leans more towards her, outflanking her Republican adversary, Trump, who has had his own share of crypto backers due to his industry-friendly policies. Noteworthy is that several of these investors believe that a potential Harris administration might rev up the engines of crypto innovation. Moreover, her campaign staff has been engaging with leading industry players, including Ripple and Coinbase. Brian Nelson, a senior advisor to her campaign, flagged that Harris will be putting her weight behind the growth of emerging technologies. Brian Quintenz, the global policy head of the venture capital firm a16z, highlighted that for Harris to secure additional industry support, she needs to differentiate herself from the SEC's approach and develop a clear roadmap that encourages innovation while also safeguarding consumers.
Sentiment: Neutral
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Despite skepticism from the cryptocurrency world and ongoing enforcement actions by the SEC under the Biden administration, a group of crypto investors has put their faith in Kamala Harris. They have set a fundraising target of $100,000 for the Democratic nominee by hosting a fundraiser on September 13 in Washington. This target might come across as humble, considering the millions that Harris has raised since she secured her candidacy back in July. However, it clearly highlights industry support that leans more towards her, outflanking her Republican adversary, Trump, who has had his own share of crypto backers due to his industry-friendly policies. Noteworthy is that several of these investors believe that a potential Harris administration might rev up the engines of crypto innovation. Moreover, her campaign staff has been engaging with leading industry players, including Ripple and Coinbase. Brian Nelson, a senior advisor to her campaign, flagged that Harris will be putting her weight behind the growth of emerging technologies. Brian Quintenz, the global policy head of the venture capital firm a16z, highlighted that for Harris to secure additional industry support, she needs to differentiate herself from the SEC's approach and develop a clear roadmap that encourages innovation while also safeguarding consumers.
Sentiment: Neutral
​Read Article
BeInCrypto
Vice President Kamala Harris’s Crypto Fundraiser Targets $100,000 Amid Industry Skepticism
Crypto leaders are planning a $100,000 fundraising event for Vice President Kamala Harris on September 13.
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​Crypto Owners Possess Stronger 'Shadow' Psychological Traits, Study Finds
Bitcoin's price rollercoaster grabbed headlines in 2021, as it soared to almost $69,000 before taking a nosedive to just below $16,000 in 2022, only to regain its speed and hit a staggering $74,000 this year. As the digital currency industry seesawed through highs, lows, scandalous leaders, and even an endorsement from presidential candidate Donald Trump, a study has delved into the characters of the people who own cryptocurrency. The findings? It seems the common predictors of crypto ownership are being male, having a victimhood mentality, and getting your news from less mainstream media sources. As a note of caution though, the study's sample size was small and relied on participants reporting their own traits. The study's response? "Call us whatever you want," as Wheeler casually put it.
Sentiment: Amusing
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Bitcoin's price rollercoaster grabbed headlines in 2021, as it soared to almost $69,000 before taking a nosedive to just below $16,000 in 2022, only to regain its speed and hit a staggering $74,000 this year. As the digital currency industry seesawed through highs, lows, scandalous leaders, and even an endorsement from presidential candidate Donald Trump, a study has delved into the characters of the people who own cryptocurrency. The findings? It seems the common predictors of crypto ownership are being male, having a victimhood mentality, and getting your news from less mainstream media sources. As a note of caution though, the study's sample size was small and relied on participants reporting their own traits. The study's response? "Call us whatever you want," as Wheeler casually put it.
Sentiment: Amusing
​Read Article
mint
Cryptocurrency holders more likely to have ‘dark’ personality traits of narcissism, psychopathy: Study | Stock Market News
Individuals who had purchased crypto were, on average, more likely to believe conspiracy theories, support extremist groups, and share populist sentiments, says the study
​Can Bitcoin Beat Its Own September Slump?
Bitcoin plans to hula hoop through 'September Effect', a historical period known for tripping up the cryptocurrency. Traditionally, September has been a tough nut to crack, often leaving Bitcoin enthusiasts with the blues, as it historically tends to generate low returns. Based on data harvested since 2013, Bitcoin has only managed to turn the tide thrice in September, with the most recent victory being in the previous year itself, where it saw a modest rise of 3.91%. On the other side of the coin, Bitcoin coughed up losses of over 19% and 13% in 2014 and 2019 respectively. Being less of a champ since a peak in March, Bitcoin's momentum has been wearing thin, painting a lonely picture of receding peaks and lows. The impending specter of another 'Black September' hangs in the balance, sparking conversation and speculation amongst Bitcoin backers and investors alike.
Sentiment: Mixed
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Bitcoin plans to hula hoop through 'September Effect', a historical period known for tripping up the cryptocurrency. Traditionally, September has been a tough nut to crack, often leaving Bitcoin enthusiasts with the blues, as it historically tends to generate low returns. Based on data harvested since 2013, Bitcoin has only managed to turn the tide thrice in September, with the most recent victory being in the previous year itself, where it saw a modest rise of 3.91%. On the other side of the coin, Bitcoin coughed up losses of over 19% and 13% in 2014 and 2019 respectively. Being less of a champ since a peak in March, Bitcoin's momentum has been wearing thin, painting a lonely picture of receding peaks and lows. The impending specter of another 'Black September' hangs in the balance, sparking conversation and speculation amongst Bitcoin backers and investors alike.
Sentiment: Mixed
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Finbold
Will the ‘September Effect’ impact Bitcoin price this year?
The "September Effect" is an awaited phenomenon in the stock market, also affecting Bitcoin (BTC) with historically negative results.
​US Bond Funds Flush With $9.58 Billion Amid Expected Fed Rate Cuts
In a recent financial twist and twirl, US bond funds have seen a cash influx of a whopping $9.58 billion. This move is casting longer shadows on the dance floor of the global markets, as it's seen to be in anticipation of imminent Federal Reserve rate cuts. Investors, far and wide, dusted off their dancing shoes and fox trotted their way towards US Bond Funds, placing their bets on possible rate reductions. The expectation is that these rate cuts might turn the tempo of the global economic dance, encouraging more groovy moves in the market. As with every dance though, we'll only know who has the smoothest moves once the music stops and, in this case, when the Federal Reserve finally decides to trim those rates or play the wallflower.
Sentiment: Neutral
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In a recent financial twist and twirl, US bond funds have seen a cash influx of a whopping $9.58 billion. This move is casting longer shadows on the dance floor of the global markets, as it's seen to be in anticipation of imminent Federal Reserve rate cuts. Investors, far and wide, dusted off their dancing shoes and fox trotted their way towards US Bond Funds, placing their bets on possible rate reductions. The expectation is that these rate cuts might turn the tempo of the global economic dance, encouraging more groovy moves in the market. As with every dance though, we'll only know who has the smoothest moves once the music stops and, in this case, when the Federal Reserve finally decides to trim those rates or play the wallflower.
Sentiment: Neutral
​Read Article
The Daily Hodl
$9,580,000,000 Pours Into US Bond Funds As Global Markets Anticipate Imminent Federal Reserve Rate Cuts: Report - The Daily Hodl
Investors are pouring capital into US and global bond funds in anticipation of rate cuts from the Federal Reserve.
​Telegram Secures a Cryptocurrency Horde Worth $400M Amid Growing User Base
The popular messaging service, Telegram, is now the proud owner of a hefty $400 million stash of digital assets, solidifying its place in the crypto niche as per a recent report. Swinging further into prosperity, Telegram’s premium subscribers have crossed the 5 million mark, a commendable increase from the previous 4 million in 2023. But it's not all clear skies and tailwinds for the digital giant. Despite securing a handsome revenue of $342.5 million, it ended the year with a financial hiccup, having logged an operating loss of $108 million.
Telegram's journey since inception is a pretty compelling one. With a whopping $4 billion under its belt in fundraising, it's apparent that they're not newbies in the world of big numbers. Just the infancy of 2024 saw an in-app revenue of $11.66 million!
In the popularity contest among countries, 2023 saw Iran wear the crown, boasting an impressive 83.9 million users. Our vodka-loving comrades in Russia trailed behind with 35.06 million users while Uncle Sam clinched the bronze with 29.92 million downloads.
Sentiment: Positive
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The popular messaging service, Telegram, is now the proud owner of a hefty $400 million stash of digital assets, solidifying its place in the crypto niche as per a recent report. Swinging further into prosperity, Telegram’s premium subscribers have crossed the 5 million mark, a commendable increase from the previous 4 million in 2023. But it's not all clear skies and tailwinds for the digital giant. Despite securing a handsome revenue of $342.5 million, it ended the year with a financial hiccup, having logged an operating loss of $108 million.
Telegram's journey since inception is a pretty compelling one. With a whopping $4 billion under its belt in fundraising, it's apparent that they're not newbies in the world of big numbers. Just the infancy of 2024 saw an in-app revenue of $11.66 million!
In the popularity contest among countries, 2023 saw Iran wear the crown, boasting an impressive 83.9 million users. Our vodka-loving comrades in Russia trailed behind with 35.06 million users while Uncle Sam clinched the bronze with 29.92 million downloads.
Sentiment: Positive
​Read Article
The Crypto Times
Telegram Holds $400 Million in Digital Assets — Financial Report
Telegram's 2023 report shows that the platform held $400M in digital assets, 5M+ premium users as of 2024, and $342.5M in revenue.
​Crypto Tsunami Alert: Hold onto Your Surfboards as $1.73 Billion Readies to Crash the Digital Currency Waves
Prepare your digital life vests, crypto enthusiasts. Financial forecasters predict a major money monsoon this September, as a staggering $1.73 billion is set to cascade into the cryptocurrency market. The news comes courtesy of several significant token unlocks that will occur in the coming month. Investors and traders alike are bracing themselves for a potential tidal wave of price fluctuations as this hefty sum of capital wades into the waters of the cryptoverse. The crypto market never fails to keep us on our toes, constantly bobbing in the ebb and flow of digital currency value. As more tokens unlock, there are certainly interesting times ahead. These asset releases can flood the market with more supply than demand - causing a downpour of price drops. Alternatively, they can create a surge of fresh trading activities, sparking a whirlwind of upward price spirals. So, whether you're a crypto connoisseur or a digital currency novice, secure your assets and position your portfolios - this could be one heck of a cloudy forecast.
Sentiment: Amused
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Prepare your digital life vests, crypto enthusiasts. Financial forecasters predict a major money monsoon this September, as a staggering $1.73 billion is set to cascade into the cryptocurrency market. The news comes courtesy of several significant token unlocks that will occur in the coming month. Investors and traders alike are bracing themselves for a potential tidal wave of price fluctuations as this hefty sum of capital wades into the waters of the cryptoverse. The crypto market never fails to keep us on our toes, constantly bobbing in the ebb and flow of digital currency value. As more tokens unlock, there are certainly interesting times ahead. These asset releases can flood the market with more supply than demand - causing a downpour of price drops. Alternatively, they can create a surge of fresh trading activities, sparking a whirlwind of upward price spirals. So, whether you're a crypto connoisseur or a digital currency novice, secure your assets and position your portfolios - this could be one heck of a cloudy forecast.
Sentiment: Amused
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BeInCrypto
Major Token Unlocks in September: $1.73 Billion to Flood the Crypto Market
September will see $1.73 billion worth of tokens unlocked, potentially impacting the crypto market as new supply enters circulation.
​Musk Finds Harsh Words for Harris' Stance on Free Speech
Tesla CEO Elon Musk seemingly doesn't mince words when it comes to Kamala Harris and her influence on free speech. Musk's warning bells are sounding off as Harris ascends the political ladder, fearing that her stand on social media censorship could pose potential threats to this much-valued freedom. He articulates his concern especially in reference to Harris' earlier demand to have former President Trump's Twitter account deleted. According to Musk, Harris may plan to bring stringent regulations about what constitutes acceptable communication on online platforms, thereby hampering free expression.
There's also whispering from across the pond that the UK government plans to introduce legislation identifying misogyny as a form of socio-political activism. This move could potentially widen the range of speech that is considered as forbidden communication. This emerging narrative in the free speech debate may shape and refine the future discourse on freedom of speech and its potential constraints.
Sentiment: Concerned
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Tesla CEO Elon Musk seemingly doesn't mince words when it comes to Kamala Harris and her influence on free speech. Musk's warning bells are sounding off as Harris ascends the political ladder, fearing that her stand on social media censorship could pose potential threats to this much-valued freedom. He articulates his concern especially in reference to Harris' earlier demand to have former President Trump's Twitter account deleted. According to Musk, Harris may plan to bring stringent regulations about what constitutes acceptable communication on online platforms, thereby hampering free expression.
There's also whispering from across the pond that the UK government plans to introduce legislation identifying misogyny as a form of socio-political activism. This move could potentially widen the range of speech that is considered as forbidden communication. This emerging narrative in the free speech debate may shape and refine the future discourse on freedom of speech and its potential constraints.
Sentiment: Concerned
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Crypto News Land
Kamala Harris and Free Speech: Elon Musk Issues Stark Warning
Global free speech faces threats as governments enhance oversight, pressure on tech companies rises, and debates on regulation and liberty intensify.
​BlackRock's Bitcoin ETF Experiences first Withdrawals since May, Shedding $13.5 Million
In a situation resembling a messy break-up, BlackRock's Bitcoin ETF didn’t wake up to the rosy hopes of profits, instead waking up to an unwelcome $13.5 million hangover in outflows. The retail romance took a sideways turn with this being the first time they posted an outflow since May- understandably making investors a little cold-footed. It's like the financial version of forgetting to put the toilet seat down- you’re going to feel the repercussions. Now, we’re not saying it's the end of the world, investments can fluctuate more than your grandma's beef stew. However, it’s quite the hiccup for those who have been living under the rock called BlackRock.
Sentiment: Neutral
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In a situation resembling a messy break-up, BlackRock's Bitcoin ETF didn’t wake up to the rosy hopes of profits, instead waking up to an unwelcome $13.5 million hangover in outflows. The retail romance took a sideways turn with this being the first time they posted an outflow since May- understandably making investors a little cold-footed. It's like the financial version of forgetting to put the toilet seat down- you’re going to feel the repercussions. Now, we’re not saying it's the end of the world, investments can fluctuate more than your grandma's beef stew. However, it’s quite the hiccup for those who have been living under the rock called BlackRock.
Sentiment: Neutral
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TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more
BlackRock's bitcoin ETF loses $13.5 million in first outflows since May
The event comes as the price of bitcoin has plunged.
​"Cryptocurrency Troubles in Seoul: $12.8 Million Scam Gang Apprehended"
Fourteen unscrupulous individuals swindling $12.8 million of unsuspecting victims' funds from crypto mining are now in Seoul police custody. The alleged ringleader did far from sitting idle during this malfeasant run, pocketing a cool 4.5 billion won from the whopping total of 16 billion won conned from the victims. The scheme began to come unglued in July 2022, amidst a flurry of lawsuits - an astounding 21 to be exact - filed against him at various police stations all over the country. Investigators from Seoul's Metropolitan Police Agency worked tirelessly, unraveling this web of deceit. The suspect in question, 'Lee,' sought to preserve his anonymity to the bitter end, including dropping a staggering 20 million won on plastic surgery to throw staging authorities off his scent. However, all mutative measures were in vain, as the man's lucky streak came to an abrupt end earlier this month when police managed to collar him.
Sentiment: Negative
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Fourteen unscrupulous individuals swindling $12.8 million of unsuspecting victims' funds from crypto mining are now in Seoul police custody. The alleged ringleader did far from sitting idle during this malfeasant run, pocketing a cool 4.5 billion won from the whopping total of 16 billion won conned from the victims. The scheme began to come unglued in July 2022, amidst a flurry of lawsuits - an astounding 21 to be exact - filed against him at various police stations all over the country. Investigators from Seoul's Metropolitan Police Agency worked tirelessly, unraveling this web of deceit. The suspect in question, 'Lee,' sought to preserve his anonymity to the bitter end, including dropping a staggering 20 million won on plastic surgery to throw staging authorities off his scent. However, all mutative measures were in vain, as the man's lucky streak came to an abrupt end earlier this month when police managed to collar him.
Sentiment: Negative
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CryptoPotato
Seoul Police Arrest 14 in $12.8 Million Crypto Mining Fraud: Report
The scam instigator evaded capture for months with the help of his lawyer's office manager, who arranged plastic surgery and a fake phone.
​Young Aussies Lead in Losing $122 Million to Cryptocurrency Scams
Australian citizens, especially the younger ones, find themselves falling prey to cryptocurrency investment frauds, racking up a hefty AUD 180 million in losses over the last year. This sum accounts for almost half of the total AUD 382 million lost to investment scams during the 2023-24 fiscal year. In response to the rising tide of fraudulent activities, the Australian Federal Police (AFP) are joining hands with policing partners nationwide, along with the banking sector and digital currency exchange platforms. Their joint effort aims at aiding the victims, trying to recuperate the stolen money, and putting the criminals behind bars. Meanwhile, the Australian Securities and Investments Commission (ASIC) is busy eradicating fraudulent investment websites – so far, they've successfully shut down 615 cryptocurrency scam sites. ASIC's relentless efforts play a tremendous role as part of the government's 'Fighting Scams' initiative to safeguard Australian investors from scams.
Sentiment: Concerning
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Australian citizens, especially the younger ones, find themselves falling prey to cryptocurrency investment frauds, racking up a hefty AUD 180 million in losses over the last year. This sum accounts for almost half of the total AUD 382 million lost to investment scams during the 2023-24 fiscal year. In response to the rising tide of fraudulent activities, the Australian Federal Police (AFP) are joining hands with policing partners nationwide, along with the banking sector and digital currency exchange platforms. Their joint effort aims at aiding the victims, trying to recuperate the stolen money, and putting the criminals behind bars. Meanwhile, the Australian Securities and Investments Commission (ASIC) is busy eradicating fraudulent investment websites – so far, they've successfully shut down 615 cryptocurrency scam sites. ASIC's relentless efforts play a tremendous role as part of the government's 'Fighting Scams' initiative to safeguard Australian investors from scams.
Sentiment: Concerning
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CryptoPotato
Aussies Lose $122 Million to Crypto Scams, With Younger Victims Now Leading
Two most common methods used by bad actors to trick individuals are pig butchering and deepfakes.