News – Page 52

Satoshi Nakamoto’s Twitter Account Resurfaces After 5 Years

@Satoshi, the handle for a verified account under Satoshi Nakamoto, has tweeted for the first time in five years. The user commits to spending the next few months exploring additional important issues about Bitcoin, left out of the original white paper. This unexpected return has sparked curiosity and speculation within the cryptocurrency community, with over five million views on the account’s Twitter feed. The account has not tweeted since January 2018, marking its first post since the beginning of the year, and its first tweet since March 2013.

Source: Wayne Jones, 2023-10-04; https://cryptopotato.com/satoshi-nakamotos-twitter-account-resurfaces-after-5-years/

Upbit Saw a 117% Rise in Hacking Attempts in H1 2023

Upbit, a South Korean cryptocurrency exchange, faced over 159,000 hacking attempts during the first half of 2023. This figure represents a significant surge, with a 117% rise compared to the same period in 2022. Upbit is one of South Korea’s largest cryptocurrency exchanges, boasting an impressive 24-hour trading volume of approximately $1.2 billion. Other significant South Korean exchange market players include Bithumb, Coinone, and Gopax. In response to the surge in security breach attempts, Upbit has bolstered its security measures.

Source: Wayne Jones, 2023-10-10; https://cryptopotato.com/upbit-saw-a-117-rise-in-hacking-attempts-in-h1-2023/

Ark Invest Updates Spot Bitcoin ETF Filing in Response to SEC Feedback

Ark Invest, led by Cathie Wood, has taken a significant step forward by filing an updated version of its spot Bitcoin ETF prospectus. The move is in response to recent feedback from the U.S. Securities and Exchange Commission (SEC) asking for clarifications on some concerns. Eric Balchunas, a seasoned ETF analyst at Bloomberg, was quick to highlight this update on X. He further stated that in its new filing, Ark Invest has possibly addressed all of the SEC’s concerns.

Source: Wayne Jones, 2023-10-13; https://cryptopotato.com/ark-invest-updates-spot-bitcoin-etf-filing-in-response-to-sec-feedback/

BNB Crashes 5% Weekly but How Low Can it Go? Three Things to Watch this Week (Binance Coin Price Analysis)

Binance Coin has not managed to move away from its key support just above $200. The price action also shows that sellers are having the upper hand right now. Prepare for another test of the key support at $206. If that breaks, then BNB’s price will likely move towards $180 next. The bias for BNB is bearish. The daily MACD just did a bearish cross, further confirming that sellers appear to dominate at this time. The volume and momentum indicators show weakness and are bearish on the daily timeframe. Generally speaking, volume was always higher on the sell side.

Source: Duo Nine, 2023-10-10; https://cryptopotato.com/bnb-crashes-5-weekly-but-how-low-can-it-go-three-things-to-watch-this-week-binance-coin-price-analysis/

Brazilian and Serbian Drug Lords Arrested in Brazil

The suspects had links to the ‘Primeiro Comando da Capital,’ the largest Brazilian criminal organization. The suspected gang’s boss is the son of the Serbian narco boss Goran Nešić, also known as Ciga (Gypsy) Goran was extradited to Serbia in 2018 to serve an 8-year jail term for smuggling 24.5 kilos of heroin from Bulgaria. He was linked to one of the most pervasive, violent, and powerful criminal organizations, with origins in Serbia and New York.

Source: Written by Zdravko Ljubas, 2023-10-12; https://www.occrp.org/en/daily//en/daily/18121-brazilian-and-serbian-drug-lords-arrested-in-brazil

Coinbase’s Base Network Surpasses zkSync Era in TVL, Soars 25% to $558M: Data

Base’s total value locked (TVL) hit $558 million for the second time in seven days, surpassing Matter Labs’ zero-knowledge (zk) rollup tech-powered scaling solution, zkSync Era. The current surge in TVL is attributed to the re-minting of native USD Coin (USDC) on the network, bringing the chain’s stash to 159 million USDC. Last month, USDC issuing company Circle launched the stablecoin on Base and Optimism.

Source: Mandy Williams, 2023-10-10; https://cryptopotato.com/coinbases-base-network-surpasses-zksync-era-in-tvl-soars-25-to-558m-data/

iFinex Launches $150 Million Share Buyback Plan to Compensate Hack Victims: Report

iFinex, the owner of popular cryptocurrency exchange network BitFinex and collaborator with Tether Holdings Ltd, reportedly unveiled a $150 million share buyback plan. This new announcement marks a significant milestone for the company’s growth, history, and efforts to make amends for its tainted history. As per the , iFinex has offered a $10 per share buy back price for 15 million shares, representing only 9% of the network’s outstanding capital. After internal calculations based on multiple business metrics, the company was valued at $1.7 billion.

Source: Wayne Jones, 2023-10-12; https://cryptopotato.com/ifinex-launches-150-million-share-buyback-plan-to-compensate-hack-victims-report/

Silk Road Founder Ross Ulbricht: A Decade Behind Bars Ignites Controversy

Ross Ulbricht, the founder of the infamous darknet marketplace Silk Road, revealed that he has now spent an entire decade in prison. He took to social platform X to express his fear that he would spend his remaining days trapped within “concrete walls and locked doors.” Supporters on X rallied around him, arguing that his punishment didn’t align with the crime he committed.Ulbricht is currently serving a double life sentence. He has been controversial since his arrest in 2013.

Source: Wayne Jones, 2023-10-09; https://cryptopotato.com/silk-road-founder-ross-ulbricht-a-decade-behind-bars-ignites-controversy/

Huobi, KuCoin Among Crypto Firms on UK Watchdog’s Radar

The FCA added 145 digital asset companies, including major exchanges Huobi-owned HTX and KuCoin, to its warning list. This decision follows the FCA’s expansion of regulations to include cryptoasset service providers, regardless of their geographical location. In the UK, companies engaged in cryptocurrency operations must either be registered with the Financial Conduct Authority or have a licence to operate in the UK. In a statement, FCA asserted: “Promoting financial services or products without our permission is forbidden.”

Source: Wayne Jones, 2023-10-10; https://cryptopotato.com/huobi-kucoin-among-crypto-firms-on-uk-watchdogs-radar/

ChatGPT’s 8 Best Investments to Protect You Against Inflation, Is Crypto Included?

ChatGPT chatbot places gold at the first spot of the eight investment asset classes that can protect people against galloping inflation. “Gold has been used for centuries as a store of value and a hedge against inflation. It tends to be a good investment,” ChatGPT said. The popular AI chatbot placed the precious metal at the top of the list of eight investment assets that can protection people from inflation. The list of investment assets was drawn up by the chatbot’s developers at the start of the year.

Source: Jordan Lyanchev, 2023-10-08; https://cryptopotato.com/chatgpts-8-best-investments-to-protect-you-against-inflation-is-crypto-included/

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