Cyber Capital Founder Brands Tether as Top Crypto Con
When it comes to cryptocurrency shenanigans, the founder of Cyber Capital wants everyone to know that in his opinion, Tether takes the cake...or should we say, the coin? He's declared Tether nothing less than the grandest of all scams in the crypto kingdom. It seems like he's tossed Tether into a ring of fire and we're all watching to see if it comes out crispy or golden. Stay tuned, folks, as the drama in the digital world of cryptocurrencies continues.
Sentiment: Negative
Read Article
When it comes to cryptocurrency shenanigans, the founder of Cyber Capital wants everyone to know that in his opinion, Tether takes the cake...or should we say, the coin? He's declared Tether nothing less than the grandest of all scams in the crypto kingdom. It seems like he's tossed Tether into a ring of fire and we're all watching to see if it comes out crispy or golden. Stay tuned, folks, as the drama in the digital world of cryptocurrencies continues.
Sentiment: Negative
Read Article
CryptoDnes
Tether Is the Biggest Crypto Scam Ever, Warns Cyber Capital Founder
In a recent fiery discussion on X, Justin Bons, founder of Cyber Capital, has unleashed strong criticism against Tether, calling it the ...
SEC Expresses Remorse Over Token Securities Confusion
The Securities and Exchange Commission (SEC) recently extended an olive branch to the crypto community, communicating their regret over any confusion caused by their previous statements regarding token securities. The watchdog admits that its communication may have inadvertently opened up a Pandora's Box of uncertainty amongst cryptocurrency enthusiasts and investors, given that it classified certain tokens as securities. The SEC's initial statements were meant to regulate the often volatile and unclear crypto market. However, it seems there may have been some misfires along the way, leading to confusion and possibly bouts of panic selling. Judging by the warm and fuzzy admission of miscommunication, we can only hope that they'll be using clear and concise 'crypto-language' in the future.
Sentiment: Amused
Read Article
The Securities and Exchange Commission (SEC) recently extended an olive branch to the crypto community, communicating their regret over any confusion caused by their previous statements regarding token securities. The watchdog admits that its communication may have inadvertently opened up a Pandora's Box of uncertainty amongst cryptocurrency enthusiasts and investors, given that it classified certain tokens as securities. The SEC's initial statements were meant to regulate the often volatile and unclear crypto market. However, it seems there may have been some misfires along the way, leading to confusion and possibly bouts of panic selling. Judging by the warm and fuzzy admission of miscommunication, we can only hope that they'll be using clear and concise 'crypto-language' in the future.
Sentiment: Amused
Read Article
CryptoSlate
The SEC ‘regrets confusion’ it may have invited stating some tokens are securities
The US Securities and Exchange Commission (SEC) has filed an amended complaint against Binance in the District of Columbia, introducing procedural updates and legal modifications to its original filing. The amendment, approved this morning, includes a motion…
Circle and Sony Join Forces to Advance USDC on Soneium, Altcoin Gains Spotlight
In a surprising move, Circle, the prominent blockchain-focused firm, and Sony, the electronics and entertainment giant, are shaking hands over a promising partnership. The duo intends to expand the Unique Secure Digital Currency (USDC) on Soneium—a shift that has already started sparking a buzz in the altcoin sector. Even though the details about the collaboration remain hazy, one thing's for sure: the cryptoverse is about to see its entertaining side. Now whether this will be an Oscar-worthy performance or will result in a bloopers reel, the crypto enthusiasts are set on the edge of their seats!
Sentiment: Positive
Read Article
In a surprising move, Circle, the prominent blockchain-focused firm, and Sony, the electronics and entertainment giant, are shaking hands over a promising partnership. The duo intends to expand the Unique Secure Digital Currency (USDC) on Soneium—a shift that has already started sparking a buzz in the altcoin sector. Even though the details about the collaboration remain hazy, one thing's for sure: the cryptoverse is about to see its entertaining side. Now whether this will be an Oscar-worthy performance or will result in a bloopers reel, the crypto enthusiasts are set on the edge of their seats!
Sentiment: Positive
Read Article
Altcoin Buzz
Circle and Sony Partner to Expand USDC on Soneium - Altcoin Buzz
This partnership is important as it shows how Circle and Sony are working together through Soneium to make Web3 easier to use.
Circle Faces Heat From Blockchain Sleuth Over Delayed Action Against Lazarus Hackers
Circle, the brains behind the USDC stablecoin, is under fire from blockchain detective, ZachXBT. His gripe? The company's slow-pace in addressing the issue of blacklisting funds linked to the infamous North Korean hacking group, Lazarus. ZachXBT claims that Circle dawdled for a whopping four months more than its peers to put a stop to addresses associated with Lazarus.
The hacking group, for the uninitiated, has become renowned for its cryptocurrency exploits, allegedly washing a hefty $200 million worth of crypto into stablecoins, notably, USDT and USDC, between 2020 and 2023. ZachXBT, however, sees the problem as not just a one-off, but as systematic, pointing the finger at Circle for its lackadaisical approach to DeFi hacks and exploits in general.
Recent communiques from ZachXBT inform us that all four major stablecoin issuers - Circle, Tether, Paxos and Techteryx - have now downed the hammer on two addresses tied to the Lazarus Group. These addresses now find themselves frozen, along with a tidy sum of $4.96 million linked to them.
Sentiment: Critical
Read Article
Circle, the brains behind the USDC stablecoin, is under fire from blockchain detective, ZachXBT. His gripe? The company's slow-pace in addressing the issue of blacklisting funds linked to the infamous North Korean hacking group, Lazarus. ZachXBT claims that Circle dawdled for a whopping four months more than its peers to put a stop to addresses associated with Lazarus.
The hacking group, for the uninitiated, has become renowned for its cryptocurrency exploits, allegedly washing a hefty $200 million worth of crypto into stablecoins, notably, USDT and USDC, between 2020 and 2023. ZachXBT, however, sees the problem as not just a one-off, but as systematic, pointing the finger at Circle for its lackadaisical approach to DeFi hacks and exploits in general.
Recent communiques from ZachXBT inform us that all four major stablecoin issuers - Circle, Tether, Paxos and Techteryx - have now downed the hammer on two addresses tied to the Lazarus Group. These addresses now find themselves frozen, along with a tidy sum of $4.96 million linked to them.
Sentiment: Critical
Read Article
Crypto Briefing
Circle accused of 'extracting' from Lazarus Group hacks, faces criticism from ZachXBT
Circle faces backlash for delayed action on blacklisting funds linked to North Korea's Lazarus Group, raising concerns over crypto security.
Lazarus Group's $5 Million in Cryptocurrency Frozen by Stablecoin Issuers
Stablecoin issuers have recently made headlines by putting a freeze on a hefty sum of $5 million worth of cryptocurrency. This digital dough is allegedly tied to the controversial group operating under the moniker, Lazarus Group. While this mysterious group's actions may not exactly mirror those of their namesake (thankfully, no reports of walking on water or resurrection... yet), their relationship with the impacted stablecoins is certainly raising some eyebrows (and possibly some tempers). The specifics of this fast-freeze are currently locked tighter than a Bitcoin wallet, with no further details being released at this time. Crypto enthusiasts and Lazarus Group watchers alike are eagerly awaiting more information and maybe even seeking a stablecoin or two that isn't entangled in drama.
Sentiment: Neutral
Read Article
Stablecoin issuers have recently made headlines by putting a freeze on a hefty sum of $5 million worth of cryptocurrency. This digital dough is allegedly tied to the controversial group operating under the moniker, Lazarus Group. While this mysterious group's actions may not exactly mirror those of their namesake (thankfully, no reports of walking on water or resurrection... yet), their relationship with the impacted stablecoins is certainly raising some eyebrows (and possibly some tempers). The specifics of this fast-freeze are currently locked tighter than a Bitcoin wallet, with no further details being released at this time. Crypto enthusiasts and Lazarus Group watchers alike are eagerly awaiting more information and maybe even seeking a stablecoin or two that isn't entangled in drama.
Sentiment: Neutral
Read Article
The Block
Stablecoin issuers freeze $5 million worth of stablecoins tied to Lazarus Group by ZachXBT
An investigation by sleuth ZachXBT found that North Korean hackers managed to turn hundreds of millions of dollars worth of crypto into fiat.
ETH Whizz Transforms $87K Stash into a Jaw-Dropping $40M Fortune
Brace yourself for an ultimate crypto tale of patience and strategy! An Ethereum trader magnificently turned a modest $87,000 into a whooping $40 million after an eight-year HODLing marathon. The tech-savvy investor liquidated 350 ETH on September 16 at $2,340 each, thus kicking off his winnings with a tidy sum of $819,000. This figure alone was nearly ten times his initial investment. Despite the handsome cash-out, our crypto mogul hasn't emptied his pot just yet. He's still sitting on a virtual mound of Ethereum worth over $38 million!
Meanwhile, his strategic prowess shone again when he managed to snag a coveted non-fungible token (NFT) worth $1.5 million, shelling out only 10 ETH or $23,000. On August 28, in a strategic battle of wits, attempts to thwart his 10 ETH proposal to acquire the blue-chip NFT CryptoPunk were unsuccessful. The trader, also the founder of research firm Amaranth Foundation, made this bold move based on his anticipated rise of Bitcoin's price against ETH.
Sentiment: Amusing
Read Article
Brace yourself for an ultimate crypto tale of patience and strategy! An Ethereum trader magnificently turned a modest $87,000 into a whooping $40 million after an eight-year HODLing marathon. The tech-savvy investor liquidated 350 ETH on September 16 at $2,340 each, thus kicking off his winnings with a tidy sum of $819,000. This figure alone was nearly ten times his initial investment. Despite the handsome cash-out, our crypto mogul hasn't emptied his pot just yet. He's still sitting on a virtual mound of Ethereum worth over $38 million!
Meanwhile, his strategic prowess shone again when he managed to snag a coveted non-fungible token (NFT) worth $1.5 million, shelling out only 10 ETH or $23,000. On August 28, in a strategic battle of wits, attempts to thwart his 10 ETH proposal to acquire the blue-chip NFT CryptoPunk were unsuccessful. The trader, also the founder of research firm Amaranth Foundation, made this bold move based on his anticipated rise of Bitcoin's price against ETH.
Sentiment: Amusing
Read Article
Cointelegraph
ETH trader turns $87K into almost $40M after 8-year hold
An Ether whale's simple buy-and-hold strategy reaps millions after an 8-year wait.
Uncle Sam Coughs Up $3 Billion Daily on National Debt Interest
Bitcoin may be volatile, folks, but let's turn our gaze to the US government which seems to have landed itself in a sticky situation. See, Uncle Sam is reportedly shelling out a whopping 3 billion dollars EVERY DAY just to cover the interest on their national debt. Yes, you heard it right. Not every month or every year. Every 24 hours.
I mean, who wouldn't love to have that kind of daily allowance? Forget about squabbles over the last slice of pie, you could probably buy a whole bakery every day at this rate. If only we were the ones collecting these dollars, eh? But sadly, it's the lenders who are sitting pretty watching those billions roll in.
So, if you ever feel down on your luck, consider this. At least you're not the one having to sign a $3 billion check every day just to keep the debt collectors away. And remember, next time you're debating about dipping into your piggy bank for a late-night pizza, Uncle Sam is deep into his pockets for a much larger bill. The kind that has a bunch of zeros tagged at the end.
In a world where we can barely wrap our heads around billions, Uncle Sam seems to be setting a new trend. Maybe they should consider investing in Bitcoin - at least it appreciates in value!
Sentiment: Funny
Read Article
Bitcoin may be volatile, folks, but let's turn our gaze to the US government which seems to have landed itself in a sticky situation. See, Uncle Sam is reportedly shelling out a whopping 3 billion dollars EVERY DAY just to cover the interest on their national debt. Yes, you heard it right. Not every month or every year. Every 24 hours.
I mean, who wouldn't love to have that kind of daily allowance? Forget about squabbles over the last slice of pie, you could probably buy a whole bakery every day at this rate. If only we were the ones collecting these dollars, eh? But sadly, it's the lenders who are sitting pretty watching those billions roll in.
So, if you ever feel down on your luck, consider this. At least you're not the one having to sign a $3 billion check every day just to keep the debt collectors away. And remember, next time you're debating about dipping into your piggy bank for a late-night pizza, Uncle Sam is deep into his pockets for a much larger bill. The kind that has a bunch of zeros tagged at the end.
In a world where we can barely wrap our heads around billions, Uncle Sam seems to be setting a new trend. Maybe they should consider investing in Bitcoin - at least it appreciates in value!
Sentiment: Funny
Read Article
The Daily Hodl
US Government Paying $3,000,000,000 in Interest on National Debt Every 24 Hours: Report - The Daily Hodl
The US is spending a huge amount of cash per day just to cover interest on the national debt, according to the chief economist at the multinational investment giant Apollo Global Management.
❤1
BaseBros Fi Vanishes Post Successful "Rug Pull"
In a classic vanishing act, BaseBros Fi, a yield optimization decentralized finance (DeFi) protocol running on the Base blockchain, disappeared from cyberspace following a "rug pull". This operation was carried out by using an unaudited smart contract to siphon off users' investments. Previous audits conducted by Blockchain security titan Chain Audits, unfortunately, did not include this particular contract as it wasn't within their audit scope nor was it verified on the blockchain. This sneaky maneuver by BaseBros Fi is known as a rug pull in popular trading slang, indicating a malicious intention to walk away with investors' money after gaining their trust. An initial misunderstanding caused panic by relaying that even the Seamless protocol was impacted by this rug pull due to similarities in contract labeling. However, it was later clarified that the Seamless protocol came out unscathed and BaseBros' cheeky exit had no bearing on it.
Sentiment: Negative
Read Article
In a classic vanishing act, BaseBros Fi, a yield optimization decentralized finance (DeFi) protocol running on the Base blockchain, disappeared from cyberspace following a "rug pull". This operation was carried out by using an unaudited smart contract to siphon off users' investments. Previous audits conducted by Blockchain security titan Chain Audits, unfortunately, did not include this particular contract as it wasn't within their audit scope nor was it verified on the blockchain. This sneaky maneuver by BaseBros Fi is known as a rug pull in popular trading slang, indicating a malicious intention to walk away with investors' money after gaining their trust. An initial misunderstanding caused panic by relaying that even the Seamless protocol was impacted by this rug pull due to similarities in contract labeling. However, it was later clarified that the Seamless protocol came out unscathed and BaseBros' cheeky exit had no bearing on it.
Sentiment: Negative
Read Article
Cointelegraph
Base DeFi project disappears after rug pullpost.noscript.seo-tail
BaseBros Fi, a DeFi protocol on Base blockchain, vanishes after orchestrating a rug pull via an unaudited smart contract, stealing $130,000 of user funds.
👍1
El Salvador's Stride Toward Economic Freedom: Shaking Off Debt Reliance and Betting on Bitcoin
President Nayib Bukele of El Salvador recently stated with much optimism that his country will stop leaning on external debt to fund its impending national budget. This announcement came during an interview with Time magazine on August 29. Bukele took a stroll down memory lane, reminiscing on El Salvador's unprecedented step toward embracing Bitcoin as a legal tender in 2021. Despite confessing that the high hopes for widespread Bitcoin adoption were not exactly met, Bukele remains unshaken in his optimism. Cryptocurrency aficionados worldwide perked up their ears when El Salvador gave Bitcoin an official nod, sparking much chatter and speculation. As the country breaks up with external debt and continues its romance with Bitcoin, it lights the way toward a new era of economic autonomy. While the path is bold and perhaps a little rocky, El Salvador seems set to tackle the journey.
Sentiment: Positive
Read Article
President Nayib Bukele of El Salvador recently stated with much optimism that his country will stop leaning on external debt to fund its impending national budget. This announcement came during an interview with Time magazine on August 29. Bukele took a stroll down memory lane, reminiscing on El Salvador's unprecedented step toward embracing Bitcoin as a legal tender in 2021. Despite confessing that the high hopes for widespread Bitcoin adoption were not exactly met, Bukele remains unshaken in his optimism. Cryptocurrency aficionados worldwide perked up their ears when El Salvador gave Bitcoin an official nod, sparking much chatter and speculation. As the country breaks up with external debt and continues its romance with Bitcoin, it lights the way toward a new era of economic autonomy. While the path is bold and perhaps a little rocky, El Salvador seems set to tackle the journey.
Sentiment: Positive
Read Article
The Crypto Times
Prez Bukele Says El Salvador No Longer Dependent on Debt
El Salvador's President Nayib Bukele ends reliance on external debt, pushing financial independence with Bitcoin and innovative policies.
Kamala Harris: Cryptocurrency Industry's New Ally?
At the 2024 Democratic National Convention, a spotlight-shining campaign advisor for Kamala Harris intrigued the cryptocurrency community by hinting that Harris could potentially back policies to foster the growth of emerging technologies and industries, possibly including crypto. While specifics are as elusive as a Bitcoin in a black hole, the statement does paint a picture of a possibly warmer crypto-weather under a Harris administration. Some in the crypto-land have read this as a hopeful turn of the tide, anticipating that Harris might roll out the welcome mat to crypto stakeholders more eagerly than the current administration. Zooming into this crypto-crystal ball, there's a chance of a moderate drift towards crypto friendliness, with Harris waving the pennant for clear regulations that boost industry growth, yet still don the armor of consumer protection. There's also a scenario where in the cutthroat race to win the election, Harris just might embrace the crypto wave, not just with an open arm but as a valiant warrior championing financial innovation, economic growth, and financial inclusion. It's worth mentioning that these are subtle hints of a potentially crypto-friendly future under Harris, but we're still in the waiting lounge for concrete policy proposals, as the Democrats are seemingly still weighing the detrimental or beneficial specifics of the crypto-impact.
Sentiment: Positive
Read Article
At the 2024 Democratic National Convention, a spotlight-shining campaign advisor for Kamala Harris intrigued the cryptocurrency community by hinting that Harris could potentially back policies to foster the growth of emerging technologies and industries, possibly including crypto. While specifics are as elusive as a Bitcoin in a black hole, the statement does paint a picture of a possibly warmer crypto-weather under a Harris administration. Some in the crypto-land have read this as a hopeful turn of the tide, anticipating that Harris might roll out the welcome mat to crypto stakeholders more eagerly than the current administration. Zooming into this crypto-crystal ball, there's a chance of a moderate drift towards crypto friendliness, with Harris waving the pennant for clear regulations that boost industry growth, yet still don the armor of consumer protection. There's also a scenario where in the cutthroat race to win the election, Harris just might embrace the crypto wave, not just with an open arm but as a valiant warrior championing financial innovation, economic growth, and financial inclusion. It's worth mentioning that these are subtle hints of a potentially crypto-friendly future under Harris, but we're still in the waiting lounge for concrete policy proposals, as the Democrats are seemingly still weighing the detrimental or beneficial specifics of the crypto-impact.
Sentiment: Positive
Read Article
CoinMarketCap Academy
Decoding Kamala Harris and the Democrats’ Crypto Stance
Despite going head-to-head with Trump in the first debate, Harris and the democrat's crypto policies still remain largely undefined.
Tether Fires off Another Billion USDT, While Chief Paolo Ardoino Explains Distribution
In a recent turn of events, Tether's treasury has set the digital press running again, churning out a cool billion USDT (Tether), as head honcho, Paolo Ardoino, provides some much-needed clarity on where these shiny new tokens plan to make their mark. Yes, you read it right, yet another batch of USDT has been baked and is ready to be served. Will this satiate the market's endless appetite, or are we setting the table for a larger feast? As for the allocation, trust Mr. Ardoino to throw some light on this cryptic matter. However, remember that while we're talking about billions, we're still in the crypto universe - where everything is as real as the belief in it. So while you dust off your digital wallets in hopes of a piece of this pie, keep an eye out for further updates in the landscape of Tether treasuries and the mysterious world of cryptocurrency.
Sentiment: Ambivalent
Read Article
In a recent turn of events, Tether's treasury has set the digital press running again, churning out a cool billion USDT (Tether), as head honcho, Paolo Ardoino, provides some much-needed clarity on where these shiny new tokens plan to make their mark. Yes, you read it right, yet another batch of USDT has been baked and is ready to be served. Will this satiate the market's endless appetite, or are we setting the table for a larger feast? As for the allocation, trust Mr. Ardoino to throw some light on this cryptic matter. However, remember that while we're talking about billions, we're still in the crypto universe - where everything is as real as the belief in it. So while you dust off your digital wallets in hopes of a piece of this pie, keep an eye out for further updates in the landscape of Tether treasuries and the mysterious world of cryptocurrency.
Sentiment: Ambivalent
Read Article
Cryptopolitan
Another 1B USDT minted at Tether Treasuries, Paolo Ardoino clarifies allocation | Cryptopolitan
Blockchain explorer Whale Alert flagged a USDT mint worth $1billion on the Ethereum network on 16th September at Tether treasury. Tether ‘s CEO Paolo Ardoino clarified that the mint was an authorized transaction and the minted tokens have not been issued.…
Cryptocurrency Investments Skyrocket Amid Speculations of Looming Rate Cuts
The buzzing world of cryptocurrency has once again turned heads, this time by attracting a whopping $436 million in investment towards crypto-related products. With growing speculations of an upcoming rate cut, it appears that investors are making a beeline for crypto products. The seemingly magnetic attraction towards this highly volatile yet intriguing market signals a shifting trend among investors, who are veering away from traditional investment routes. Despite the risk factors associated with cryptocurrency investments, the lure of potentially high returns continues to seduce investors worldwide, boost confidence levels, and foster a rather optimistic outlook for this sector. A rate cut, often viewed as an economic lifesaver in tricky times, is now seemingly creating an interwoven story with the fantastical realm of cryptocurrency.
Sentiment: Amused
Read Article
The buzzing world of cryptocurrency has once again turned heads, this time by attracting a whopping $436 million in investment towards crypto-related products. With growing speculations of an upcoming rate cut, it appears that investors are making a beeline for crypto products. The seemingly magnetic attraction towards this highly volatile yet intriguing market signals a shifting trend among investors, who are veering away from traditional investment routes. Despite the risk factors associated with cryptocurrency investments, the lure of potentially high returns continues to seduce investors worldwide, boost confidence levels, and foster a rather optimistic outlook for this sector. A rate cut, often viewed as an economic lifesaver in tricky times, is now seemingly creating an interwoven story with the fantastical realm of cryptocurrency.
Sentiment: Amused
Read Article
crypto.news
Crypto investment products see $436m inflows as rate cut speculation grows
Data from CoinShares shows a reversal in crypto investment trends, with $436 million in inflows following weeks of outflows
Bitcoin Swells by $436M as Ethereum Funds Spring a Leak
In an unexpected twist of events in the world of cryptocurrency, Bitcoin's inflows have soared $436 million higher. More surprising, however, is the fact that while Bitcoin is basking in the sun, Ethereum funds appear to be facing outflows. Unfortunately, the details of this change are as elusive as the elusive Satoshi Nakamoto himself. Remember folks, the crypto market is as unpredictable as a cat on catnip— always bouncing hither and thither. One minute you're up, the next you could be down. Keep that in mind before taking the plunge!
Sentiment: Amused
Read Article
In an unexpected twist of events in the world of cryptocurrency, Bitcoin's inflows have soared $436 million higher. More surprising, however, is the fact that while Bitcoin is basking in the sun, Ethereum funds appear to be facing outflows. Unfortunately, the details of this change are as elusive as the elusive Satoshi Nakamoto himself. Remember folks, the crypto market is as unpredictable as a cat on catnip— always bouncing hither and thither. One minute you're up, the next you could be down. Keep that in mind before taking the plunge!
Sentiment: Amused
Read Article
Crypto Briefing
Bitcoin inflows surge $436 million as Ethereum funds face outflows
Digital asset investment products see $436m inflows, led by Bitcoin. Ethereum struggles with $19m outflows amid L1 profitability concerns.
Binance Mastermind CZ Slated for Prison Release in September 2024
In a surprising revelation from the U.S. Federal Bureau of Prisons, the crypto tycoon Changpeng Zhao, widely known as CZ, is listed to regain his freedom on September 29th, 2024. Lacking in detail, the disclosure failed to elaborate the cause that landed the Binance founder behind bars in the first place. The world’s biggest cryptocurrency exchange, Binance, led by CZ, has been under the critical eye of regulatory bodies globally, as countries scramble to ensure the crypto exchanges don't sneak past the legal radar. A cloud of uncertainty hovers over CZ's post-release itinerary, with the crypto community on tenterhooks to find out if he would plot a comeback to reclaim the throne at Binance.
Sentiment: Neutral
Read Article
In a surprising revelation from the U.S. Federal Bureau of Prisons, the crypto tycoon Changpeng Zhao, widely known as CZ, is listed to regain his freedom on September 29th, 2024. Lacking in detail, the disclosure failed to elaborate the cause that landed the Binance founder behind bars in the first place. The world’s biggest cryptocurrency exchange, Binance, led by CZ, has been under the critical eye of regulatory bodies globally, as countries scramble to ensure the crypto exchanges don't sneak past the legal radar. A cloud of uncertainty hovers over CZ's post-release itinerary, with the crypto community on tenterhooks to find out if he would plot a comeback to reclaim the throne at Binance.
Sentiment: Neutral
Read Article
Altcoin Buzz
Binance Founder CZ to Be Released from Prison on Sept 29th
But for now, all eyes are on the release of CZ by next week and what that means for Binance moving forward.
Larry Fink's Financial Finesse Favors Bitcoin; BlackRock Plunges In
Several eyebrows were raised regarding Larry Fink's close association with top government officials and how this affected BlackRock winning those lucrative contracts. Notable personalities such as ex-Treasury Secretary Tim Geithner, a member of Obama's inner circle, are known to be in this network. The masterstroke that cast Larry as a Bitcoin believer came a few months back when he mentioned his fondness for Bitcoin and went as far as saying it could rescue the global economy. The stage was now set for Larry's grand plan, that is to convince the board to dive headfirst into Bitcoin. The result? A whopping purchase of $13.7 billion worth of the cryptocurrency. Larry isn't dubbed a money mover for no reason. He knows how to not only move money but persuade others to follow suit. The final key to this Bitcoin bonanza was the iShares Bitcoin Trust ETF. With a calculated strategy, Larry aimed to tap into the crypto market's institutional interest.
Sentiment: Positive
Read Article
Several eyebrows were raised regarding Larry Fink's close association with top government officials and how this affected BlackRock winning those lucrative contracts. Notable personalities such as ex-Treasury Secretary Tim Geithner, a member of Obama's inner circle, are known to be in this network. The masterstroke that cast Larry as a Bitcoin believer came a few months back when he mentioned his fondness for Bitcoin and went as far as saying it could rescue the global economy. The stage was now set for Larry's grand plan, that is to convince the board to dive headfirst into Bitcoin. The result? A whopping purchase of $13.7 billion worth of the cryptocurrency. Larry isn't dubbed a money mover for no reason. He knows how to not only move money but persuade others to follow suit. The final key to this Bitcoin bonanza was the iShares Bitcoin Trust ETF. With a calculated strategy, Larry aimed to tap into the crypto market's institutional interest.
Sentiment: Positive
Read Article
Cryptopolitan
How Larry Fink turned BlackRock bullish on Bitcoin, despite its largest holder's resistance - Cryptopolitan
Meet Laurence "Larry" Douglas Fink. 71. A lot of people think he controls the world. But no, he just joined seven other people to create the most powerful
👍1
Norwegian Town's Silence Leads to Pricey Power After Bitcoin Mining Shut Down
It seems like a classic case of "be careful what you wish for" for the residents of a small Norwegian town. Initially, they were irked by the persistently loud noise from a local Bitcoin mine. However, since they've successfully secured its shut down, they find themselves in an unexpected pickle - energy bills have shot up by a whopping 20%. In their pursuit of peace and quiet, they bid farewell to the nuisance that was the Bitcoin mine, only to discover that it was the very facility that was keeping their energy costs relatively under control. The noise, it turns out, was a small price to pay. Now, replaced by the sweet sound of silence, is a surprisingly bitter pill of an escalated home budget.
Sentiment: Ironic
Read Article
It seems like a classic case of "be careful what you wish for" for the residents of a small Norwegian town. Initially, they were irked by the persistently loud noise from a local Bitcoin mine. However, since they've successfully secured its shut down, they find themselves in an unexpected pickle - energy bills have shot up by a whopping 20%. In their pursuit of peace and quiet, they bid farewell to the nuisance that was the Bitcoin mine, only to discover that it was the very facility that was keeping their energy costs relatively under control. The noise, it turns out, was a small price to pay. Now, replaced by the sweet sound of silence, is a surprisingly bitter pill of an escalated home budget.
Sentiment: Ironic
Read Article
The Block
Residents of a Norwegian town complained about a Bitcoin mine's noise; now that it’s shut down, they face a 20% energy bill hike
For some, it may be a cost they are willing to bear to avoid the noise. For others, it’s an unintended consequence that adds to living costs.
Meme Cryptocurrency NEIRO Witnesses a 611% Surge Post Unexpected Binance Listing
Setting the virtual financial markets abuzz, the meme cryptocurrency NEIRO shot up by a remarkable 611% following an unanticipated listing on the global crypto exchange, Binance. This upsurge occurred despite NEIROETH/USDT being delisted on Isolated
Setting the virtual financial markets abuzz, the meme cryptocurrency NEIRO shot up by a remarkable 611% following an unanticipated listing on the global crypto exchange, Binance. This upsurge occurred despite NEIROETH/USDT being delisted on Isolated
Bitcoin Predicted to Burst Through $150K by Early 2025: The Countdown Begins
Bitcoin could be preparing to roll out the red carpet for a glamorous entrance into the $100,000-$150,000 range, expected to happen by the early months of 2025. The latest stages of Bitcoin's value trajectory display an exciting correlation of tech indicators, flirting with a powerful upward explosion. In this crepuscular world of cryptocurrency, moments fraught with overwhelming dread have, in the past, acted as the trumpet sound before Bitcoin's boldest upward sprints, signaling a market oversaturated with fear and an ebbing tide of selling pressure.
The world's liquidity index, the fin-tech equivalent of our friendly neighborhood barometer, is hinting towards a flood of financial juice pouring into adventurous assets like Bitcoin. The dance of surging liquidity, paired with Bitcoin's pulsating price dynamics, profiled by Nestay as a "Time bomb primed and ready," sketches an environment ripe for a seismic price spike. This is especially so as we edge closer to the pumpkin-spiced months of October and November, traditionally known for their penchant for serious crypto drama.
Sentiment: Provocative
Read Article
Bitcoin could be preparing to roll out the red carpet for a glamorous entrance into the $100,000-$150,000 range, expected to happen by the early months of 2025. The latest stages of Bitcoin's value trajectory display an exciting correlation of tech indicators, flirting with a powerful upward explosion. In this crepuscular world of cryptocurrency, moments fraught with overwhelming dread have, in the past, acted as the trumpet sound before Bitcoin's boldest upward sprints, signaling a market oversaturated with fear and an ebbing tide of selling pressure.
The world's liquidity index, the fin-tech equivalent of our friendly neighborhood barometer, is hinting towards a flood of financial juice pouring into adventurous assets like Bitcoin. The dance of surging liquidity, paired with Bitcoin's pulsating price dynamics, profiled by Nestay as a "Time bomb primed and ready," sketches an environment ripe for a seismic price spike. This is especially so as we edge closer to the pumpkin-spiced months of October and November, traditionally known for their penchant for serious crypto drama.
Sentiment: Provocative
Read Article
Cointelegraph
Bitcoin 'ticking time bomb' setup targets $150K by 2025
Bitcoin's technical indicators signal an explosive move, with a classic "cup and handle" pattern suggesting targets between $100,000 and $150,000.
❤7👍1