Author: James Wilson

Article written by James Wilson

Robert F. Kennedy Jr. doubles down on his support for bitcoin during the BTC 2024 conference

15 hours ago 1 min read

Robert F. Kennedy Jr., an independent contender for the US presidency, publicly endorsed Bitcoin during his speech at the BTC 2024 conference held in Nashville. He expressed his strong endorsement of Bitcoin and revealed that the majority of his money is invested in it. The topic of Bitcoin has been a highly debated issue throughout the presidential cycle, as the campaign of Republican contender Donald Trump announced in May that

XRP on the Precipice: Price Dips as Community Awaits SEC Meeting Outcome

July 24, 2024 1 min read

The price of XRP is currently hovering in anticipation of a crucial meeting between Ripple Labs and the US Securities and Exchange Commission (SEC) scheduled for July 25th. This follows a period of fluctuation for XRP, which had recently climbed to around $0.62 before pulling back slightly. Ripple CEO Bullish on Resolution: Ripple CEO Brad Garlinghouse has expressed optimism that the long-running legal battle with the SEC may be nearing

Defunct Crypto Exchange Mt. Gox Transfers $3.2B in Bitcoin to two anonymous addresses

July 24, 2024 1 min read

Mt. Gox, a defunct exchange, has resumed transferring funds, sending over $3.2 billion worth of 47,500 Bitcoin to two anonymous addresses. The actual value of Mt. Gox’s assets is likely closer to 42,744 BTC, or $2.85 billion. Plans to pay creditors are underway, as the collapsed exchange issued a repayments statement on July 5. A wallet from Mt. Gox transferred 5,110 BTC, or $340 million, to an unidentified wallet and

The US government transfers $4 million in seized Bitcoin to Coinbase

July 24, 2024 1 min read

Arkham Intelligence, a blockchain data analysis company, has revealed that the US government has transferred $4 million worth of confiscated Bitcoin to Coinbase, a popular cryptocurrency exchange. The funds were derived from a 2020 narcotics case involving Ryan Farace, who used the pseudonym “Xanaxman” on the dark web. Farace and his father, Joseph Farace, were found guilty of money laundering in 2018. The Department of Justice retrieved 2,933 BTC from

ETHTrustFund DAO allegedly stole $2 million and laundered funds

July 24, 2024 1 min read

The Ethereum TrustFund DAO, a decentralized autonomous organization (DAO) operating on the Base network, has been said to have engaged in a $2 million rug pull, which is a premeditated exit scam. On July 20, 2024, the project relocated all of its financial resources to a new wallet. The transfer was executed using mixer software such as Tornado Cash and Railgun. ETHTrustFund, inspired by successful initiatives like Olympus and Wonderland,

Fractal ID’s recent data breach, affecting 6,300 customers, was traced back to 2022

July 22, 2024 1 min read

Fractal ID, a business specializing in decentralized identity, experienced a data breach in 2022 that impacted around 6,300 users. The hack was attributed to an employee who used the same password, utilizing the Raccoon Infostealer malware to pilfer their login information. Fractal ID offers Know Your Customer (KYC) verification services for many cryptocurrency protocols and caters to more than 250 companies. The infiltrated account possessed elevated privileges, enabling the hacker

The SEC approves Grayscale and ProShares Ethereum ETFs

July 18, 2024 1 min read

The US Securities and Exchange Commission (SEC) has approved two exchange-traded funds (ETFs) focused on Ethereum (ETH): the Grayscale Ethereum Mini Trust and the ProShares Ethereum ETF. Following approval from the SEC through a Form 19b-4 filing, these ETFs will be listed on the Arca platform of the New York Stock Exchange. Immediate commencement of trading is not possible, as the final stages involve awaiting feedback on the S-1 filings

Dutch court denies bail for Tornado Cash developer Alexey Pertsev

July 15, 2024 1 min read

Alexey Pertsev, a developer for Tornado Cash, has been refused release on bail by a Dutch court while he challenges a conviction for money laundering. Pertsev received a five-year and four-month prison sentence from a three-judge panel in the Netherlands. Notwithstanding the diligent endeavors of his legal team to get bail and make arrangements for the appeal to be conducted from his residence, the court declined, resulting in his detention

US District Judge advises Coinbase to reconsider subpoena for SEC Chair Gensler

July 12, 2024 1 min read

The US District Judge Katherine Polk Failla has recommended that Coinbase exchange either abandon or modify its attempts to obtain US Securities and Exchange Commission (SEC) Chair Gary Gensler’s personal communications through a subpoena. The hearing was conducted in response to the SEC’s petition to prevent Coinbase’s subpoena, which granted access to Gensler’s correspondence pertaining to cryptocurrencies. Judge Failla expressed astonishment at Coinbase’s request and recommended that the exchange submit

Are Shiba Inu (SHIB) developers ditching the project?

July 10, 2024 1 min read

Shiba Inu meme coin has been secretly led by its founder, Ryoshi, and current Lead Developer, Shytoshi Kusama. Kusama has hinted that he might step down, as part of future plans for the Shiba Inu community. The project is planning a tour to several locations, starting in Kyoto, Japan, called the “Treat Yourself” tour, which is linked to the upcoming TREAT token launch. The tour is part of broader efforts

Rootstock sees record-breaking usage and an influx of new partners integrated into its network

July 8, 2024 1 min read

Rootstock, the first and longest-lasting Bitcoin sidechain, has seen record-breaking transactions and integration of several new dApps, bridges, and wallets in the last three months. The team is working towards further growth and improvements over the next 12 months. Block explorer data shows that there have been over 13 million transactions on the Rootstock network, with over 45k transactions a month. This data demonstrates Rootstock’s security and 100% uptime since

Zero-Knowledge EVM blockchain Cronos zkEVM to Reward Early Supporters

July 5, 2024 1 min read

Cronos zkEVM, a blockchain based on Zero-Knowledge EVM technology, has initiated its Pioneer Program, which enables early adopters to accumulate points by actively engaging with the network and interacting with certain decentralized applications (dapps). According to the company, the program’s objective is to provide incentives to the Cronos community and acknowledge early supporters for their active engagement in both the testnet and mainnet. The program will progress gradually in the