​'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
​Read Article
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
​Read Article
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
​Read Article
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
​Read Article
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
​Read Article
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
​Read Article
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
​Read Article
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
​Read Article
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
​Read Article
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.
​Stay Updated with CryptoLiveLeak: Your One-Stop Spot for Everything Crypto!
CryptoLiveLeak is your efficient gateway to staying fully updated with the latest happenings in the world of cryptocurrencies. A torchbearer in the realm of digital currencies, CryptoLiveLeak is committed to offering you consistent news, informed research, and even exciting livestream giveaways! All this, on one platform - worldwide.
Sentiment: Neutral
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CryptoLiveLeak is your efficient gateway to staying fully updated with the latest happenings in the world of cryptocurrencies. A torchbearer in the realm of digital currencies, CryptoLiveLeak is committed to offering you consistent news, informed research, and even exciting livestream giveaways! All this, on one platform - worldwide.
Sentiment: Neutral
​Read Article
TikTok
TikTok · CryptoLiveLeak
Check out CryptoLiveLeak’s video.
​Why the SEC has pixelated primate portraits under scrutiny?
While the source of this arcane tale of digital art and monkey images is as cryptic as the cryptocurrency world itself, the headline gives us a clue to go bananas over. It seems the SEC, presumably the U.S. Securities and Exchange Commission, has directed its poo-pooing primate gaze towards the sphere of digital art. Now, what might 'digital art' and 'monkey pictures' imply? Well, unless King Kong has taken up painting on an iPad, we're probably talking about non-fungible tokens or NFTs - unique digital assets that have engulfed the art world faster than you can say "Curious George". Our monkey-based analogy is likely a humorous nod to the wildly imaginative - and downright bizarre - pieces of art being traded in the metaphorical jungle known as the internet. It's not clear why such pixelated primate portraits have rattled the SEC's cage, but a good guess would be the mammoth money these monkey artworks are swinging their way to. In essence, any regular Joe can potentially spend a fortune on these digital Van Goghs, or get up to Monkey business. Therefore, the SEC's attention could indeed imply an effort to regulate this new and largely unchartered territory in the financial landscape. Keep your eyes peeled on this space for more.
Sentiment: Amused
​Read Article
While the source of this arcane tale of digital art and monkey images is as cryptic as the cryptocurrency world itself, the headline gives us a clue to go bananas over. It seems the SEC, presumably the U.S. Securities and Exchange Commission, has directed its poo-pooing primate gaze towards the sphere of digital art. Now, what might 'digital art' and 'monkey pictures' imply? Well, unless King Kong has taken up painting on an iPad, we're probably talking about non-fungible tokens or NFTs - unique digital assets that have engulfed the art world faster than you can say "Curious George". Our monkey-based analogy is likely a humorous nod to the wildly imaginative - and downright bizarre - pieces of art being traded in the metaphorical jungle known as the internet. It's not clear why such pixelated primate portraits have rattled the SEC's cage, but a good guess would be the mammoth money these monkey artworks are swinging their way to. In essence, any regular Joe can potentially spend a fortune on these digital Van Goghs, or get up to Monkey business. Therefore, the SEC's attention could indeed imply an effort to regulate this new and largely unchartered territory in the financial landscape. Keep your eyes peeled on this space for more.
Sentiment: Amused
​Read Article
Cointelegraph
Why is the SEC going after digital art and monkey pictures?
The SEC served a Wells notice to OpenSea, the largest NFT market in the industry.
​Sony Dives into Ethereum L2 Testnet 'Minato' Amidst Telegram CEO's Legal Woes
Sony is charging headfirst into the cryptocurrency world with the launch of its Ethereum L2 Testnet called 'Minato'. This announcement lands smack-dab in the middle of legal battles for the CEO of Telegram, causing waves in the digital currency waters. However, Sony remains unphased as they focus on revolutionizing the blockchain landscape. Evidently, when it comes to troubles, Sony believes in the age-old platitude: 'not my circus, not my monkeys'.
Sentiment: Amused.
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Sony is charging headfirst into the cryptocurrency world with the launch of its Ethereum L2 Testnet called 'Minato'. This announcement lands smack-dab in the middle of legal battles for the CEO of Telegram, causing waves in the digital currency waters. However, Sony remains unphased as they focus on revolutionizing the blockchain landscape. Evidently, when it comes to troubles, Sony believes in the age-old platitude: 'not my circus, not my monkeys'.
Sentiment: Amused.
​Read Article
COINOTAG
Sony Launches Ethereum L2 Testnet Minato Amid Legal Battles for Telegram CEO
This week witnessed pivotal moves in the cryptocurrency sector, led by Sony’s launch of the Minato testnet. The legal challenges facing Telegram CEO Pavel
​Bitcoin Keeps High Status in South Korea Amid Global Dip
Bitcoin isn’t giving up its royal status in South Korea anytime soon. While globally Bitcoin is making do with market fluctuations, and its value lingering around $59,000 as of September 1, the prized cryptocurrency is trading at a tantalizing premium in South Korean exchanges. A cool $59,900 to be exact, showing off a 1.53% premium.
Bitcoin has been the prodigal son of crypto in South Korea, commanding a premium since chronological markers stopped at October 30, 2023. Since then, it's been all uphill except for a single stumble into the negative on August 22, 2024. But not one to stay down, Bitcoin dusted itself off and has come up smelling like roses with yet another premium as we wave August goodbye - a 1.52% premium on the South Korean cryptocurrency market Upbit, to be exact, making each Bitcoin a charming $898 more expensive.
Now let's take a peek at other exchanges. Say, Coinbase for example. They watched enviously as South Korean levels sauntered by, eying a small premium from August 4th to 28th, 2024, but alas, it peaked at a mere 0.07% on August 22nd. This curtain call wasn't too sweet, and according to CryptoQuant metrics, Coinbase saw BTC prices meekly slip back into the negative after 24 days. Perhaps fortune will favor them next time!
Sentiment: Positive
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Bitcoin isn’t giving up its royal status in South Korea anytime soon. While globally Bitcoin is making do with market fluctuations, and its value lingering around $59,000 as of September 1, the prized cryptocurrency is trading at a tantalizing premium in South Korean exchanges. A cool $59,900 to be exact, showing off a 1.53% premium.
Bitcoin has been the prodigal son of crypto in South Korea, commanding a premium since chronological markers stopped at October 30, 2023. Since then, it's been all uphill except for a single stumble into the negative on August 22, 2024. But not one to stay down, Bitcoin dusted itself off and has come up smelling like roses with yet another premium as we wave August goodbye - a 1.52% premium on the South Korean cryptocurrency market Upbit, to be exact, making each Bitcoin a charming $898 more expensive.
Now let's take a peek at other exchanges. Say, Coinbase for example. They watched enviously as South Korean levels sauntered by, eying a small premium from August 4th to 28th, 2024, but alas, it peaked at a mere 0.07% on August 22nd. This curtain call wasn't too sweet, and according to CryptoQuant metrics, Coinbase saw BTC prices meekly slip back into the negative after 24 days. Perhaps fortune will favor them next time!
Sentiment: Positive
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Cryptopolitan
Bitcoin maintains premium in South Korea dip
Bitcoin in South Korea remains a hot commodity. While the global BTC price hovered around $59K on Sep 1st, Korean exchanges saw it trading at a premium,
​Hello Boom Town! Arthur Hayes Sees Bitcoin Bulking Up as Central Banks Trim Interest Rates
Pardon the crypto dust, but it seems like Arthur Hayes, our Bitcoin musketeer, is sensing a crypto cyclone sweeping across the finance landscape. It's not Haye's hors d'oeuvres; it's the central banks performing the ol' slice-and-dice on what we common folks call the 'interest rates.' If Hayes is to be believed, this could lead to a Bitcoin boom that will even impress the moon.
Naysayers may ask why a reduction in central bank interest rates would cause a boom in Bitcoin. Well, these cuts traditionally tend to deflate the value of traditional currencies, which, in turn, might makes haggling Bitcoin holders grin like Cheshire cats. As the value of fiat money decreases, it's possible that more investors may turn to Bitcoin as an alternative store of value.
Predictions are a bit like your crypto wallet after a wild Friday night - uncertain and full of dubious choices. However, Hayes has been known to have a certain bankable amount of insight when it comes to his Bitcoin predictions. So place your bets on fiats of burst into Bitcoins!
Sentiment: Optimistic.
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Pardon the crypto dust, but it seems like Arthur Hayes, our Bitcoin musketeer, is sensing a crypto cyclone sweeping across the finance landscape. It's not Haye's hors d'oeuvres; it's the central banks performing the ol' slice-and-dice on what we common folks call the 'interest rates.' If Hayes is to be believed, this could lead to a Bitcoin boom that will even impress the moon.
Naysayers may ask why a reduction in central bank interest rates would cause a boom in Bitcoin. Well, these cuts traditionally tend to deflate the value of traditional currencies, which, in turn, might makes haggling Bitcoin holders grin like Cheshire cats. As the value of fiat money decreases, it's possible that more investors may turn to Bitcoin as an alternative store of value.
Predictions are a bit like your crypto wallet after a wild Friday night - uncertain and full of dubious choices. However, Hayes has been known to have a certain bankable amount of insight when it comes to his Bitcoin predictions. So place your bets on fiats of burst into Bitcoins!
Sentiment: Optimistic.
​Read Article
Bitcoin News
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
Bitmex co-founder Arthur Hayes is optimistic about bitcoin's future due to recent interest rate cuts by central banks.
​Cryptocurrency Organizations Drop a Cool $120 Million in 2024 Elections
It's raining digital dollar signs in the political realm, ladies and gentlemen! Hold on to your hats, your Bitcoins, and your Ethernet cables, as cryptocurrency groups have been flexing their financial muscles to the tune of nearly $120 million! Yes, you read that right. To the astonishment of mainstream financial pundits and the delight of cryptophiles everywhere, these digital money moguls have become significant players on the election scene in 2024. In their quest to influence the political trajectory, these crypto clans have reportedly splashed the proverbial crypto cash across a wide spectrum of political campaigns. While citizens head to the polls, the blockchain crowd has been voting with their virtual wallets, making a statement as loud as a Bitcoin mining rig on overdrive. As evident, political clout now seems to have an intriguing digital flavor.
Sentiment: Amused
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It's raining digital dollar signs in the political realm, ladies and gentlemen! Hold on to your hats, your Bitcoins, and your Ethernet cables, as cryptocurrency groups have been flexing their financial muscles to the tune of nearly $120 million! Yes, you read that right. To the astonishment of mainstream financial pundits and the delight of cryptophiles everywhere, these digital money moguls have become significant players on the election scene in 2024. In their quest to influence the political trajectory, these crypto clans have reportedly splashed the proverbial crypto cash across a wide spectrum of political campaigns. While citizens head to the polls, the blockchain crowd has been voting with their virtual wallets, making a statement as loud as a Bitcoin mining rig on overdrive. As evident, political clout now seems to have an intriguing digital flavor.
Sentiment: Amused
​Read Article
Yahoo Finance
Crypto groups spent nearly $120 million to influence elections in 2024
The 2010 Citizens United decision has led to a surge in independent election spending by special interest groups like crypto.