In a groundbreaking development for Bitcoin’s data indexing landscape, Trac Core has announced the launch of “Trac Core for TAP Protocol,” according to a Jan. 26 press release. Trac Core’s journey began in May 2023, focusing on developing decentralized data indexing technologies based on Ordinal-based metaprotocols. The TAP Protocol launch marks a pivotal moment in …
Monthly archives: January 2024
CFTC Chair calls for comprehensive regulation for digital assets following ETF approvals
In a detailed speech delivered in Naples on Jan. 26, CFTC Chair Rostin Behnam said regulators need to ramp up their efforts to supervise the budding cryptocurrency industry following the approval of Bitcoin ETFs, which does not imply the sector is regulated. Benham expressed significant concerns regarding the current state of cryptocurrency and digital asset …
Algorand Foundation CEO’s X Account Compromised As Spree of Crypto Social Media Hacks Continue
The X social media account of the Algorand Foundation’s chief executive has been hacked, marking the third major exploit of crypto-related X accounts this month. In a new thread, the firm behind smart contract platform Algorand (ALGO) has announced that the X account of Staci Warden, the company’s CEO, has been hacked and warns against …
BlackRock’s iShares Bitcoin ETF Surges Past $2,000,000,000 in Assets Under Management As BTC Jumps in Price
BlackRock’s new iShares spot Bitcoin (BTC) exchange-traded fund (ETF) has surged past $2 billion in assets under management (AUM). The iShares Bitcoin Trust (IBIT) now holds 49,952.3257 BTC, according to the ETF’s product page. With BTC trading at $41,867 at time of writing, the ETF’s total Bitcoin holdings are now worth more than $2.08 billion. …
Wells Fargo Approves $147,000 in ‘Abnormal’ Transactions, Denies Responsibility After Customer’s Account Drained: Report
A Wells Fargo customer says the banking giant should have raised a red flag when $147,000 was drained from her account in less than an hour. Judith Anderson says she recently received a call from a number that appeared as “Wells Fargo” on her phone, reports NBC San Diego. But the number was spoofed and …
US Commodities Regulator Issues Warning About AI Scams Promoting Crypto Asset Trading Schemes
The U.S. Commodity Futures Trading Commission (CFTC) has issued a warning about artificial intelligence (AI) scams promoting false crypto opportunities and other frauds. The CFTC’s Office of Customer Education and Outreach (OCEO) says scammers have been falsely promoting the potential of AI technology to entice victims. “With the growth of the use of AI in …
PayPal to launch AI-powered products
PayPal announced on Jan. 25 that it will launch a variety of artificial intelligence (AI)-powered products aimed at end users and merchants. In an interview with Reuters, PayPal President and CEO Alex Chriss said: “The data that we have and our ability to actually see what people have bought and know what merchants are trying …
Bitwise executive confirms ETF received $400 of unsolicited Bitcoin
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One Chart Suggests Bitcoin Could Plunge by Double-Digits, Warns Crypto Analyst – Here Are His Targets
Crypto analyst and trader Justin Bennett is warning that Bitcoin (BTC) has likely not yet seen the final stages of its correction. Bennett tells his 110,800 followers on the social media platform X that the Tether dominance chart (USDT.D) is flashing bearish for Bitcoin. Traders often keep an eye on the USDT.D chart as it …
This Ethereum-Based Altcoin Could Explode by Over 160% Against Bitcoin, Predicts Analyst Michaël van de Poppe
A widely followed cryptocurrency analyst and trader believes that one top 15 altcoin project could more than double against Bitcoin (BTC). Michaël van de Poppe tells his 686,300 followers on the social media platform X that the decentralized oracle network Chainlink will likely witness a massive breakout rally against Bitcoin (LINK/BTC) this year. “Chainlink against …
Top Analyst Says Low-Cap Altcoin That’s Up 478%+ in Three Months Primed To Go Higher, Updates Outlook on Solana
A closely followed analyst believes that one low-cap altcoin that has rallied by nearly 6x in the last three months is due for a big leg up. Pseudonymous analyst Bluntz tells his 238,000 followers on the social media platform X that he’s keeping an eye on Moonriver (MOVR), an Ethereum (ETH)-compatible parachain built on Kusama …
Investor Chris Burniske Issues Bitcoin Alert, Says To Expect Fakeouts, Volatility in BTC’s Path to All-Time High
A venture capitalist who accurately predicted the cryptocurrency market bottom in 2022 believes that Bitcoin (BTC) could go lower over the short to medium term. Chris Burniske, a partner at venture capital firm Placeholder, tells his 277,100 followers on the social media platform X that Bitcoin could fall to “at least $30,000 – $36,000” before …
Fraudulent ‘Jet Frog’ Withdrawals Hit Bank Accounts As Millions Warned To Watch for Unusual Activity
Several major banks are confirming the spread of a new banking scam that utilizes the unusual name “Jet Frog”. News.com.au is warning millions of banking customers to watch for pending withdrawals labeled Jet Frog on their credit and debit card statements. One of the first victims to speak out on social media reportedly spotted a …
Total Value of Crypto Stolen From DeFi Platforms in 2023 Plummets by 63.7% Year-on-Year: Chainalysis
Blockchain analysis firm Chainalysis says the value of crypto assets that cybercriminals stole in 2023 went down by more than 50% compared to 2022, largely due to a significant drop in hacking incidents targeting decentralized finance (DeFi) platforms. In a new report, Chainalysis notes that hackers stole just $1.1 billion from DeFi protocols in 2023, …
Ethereum Faces Market Tremors As Celsius Offloads $1 Billion in ETH
Ethereum (ETH) is about witnessing a potential sell-off worth $1 billion. This significant transaction is rooted in actions by Celsius, a bankrupt crypto lender. Reports from on-chain analyst Lookonchain indicate that Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution includes …
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