Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His …
Monthly archives: August 2024
Tether has ‘redistributed’ $108.8M USDT from illicit activity since 2014
The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether.
Russia Makes Plans To Launch Crypto Exchanges and Stablecoin: Report
Russia is reportedly making plans to launch its very own crypto exchange platforms and stablecoins. According to a new article by local news publication Kommersant, Russia is planning on creating at least two crypto exchanges – one based in Moscow and another in St. Petersburg – as well as stablecoins pegged to the Chinese yuan and BRICS …
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Blockchain industry pushes back against SEC’s sweeping audit trail regulations
The DeFi Education Fund and the Blockchain Association have submitted an amicus brief in support of a legal challenge against the Securities and Exchange Commission’s (SEC) Consolidated Audit Trail (CAT). The brief highlighted significant privacy and security concerns posed by the CAT, particularly for participants in the digital asset market, and argued that it could …
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Kraken hit with dual legal, regulatory setbacks in US and Australia
A US federal judge has denied crypto exchange Kraken’s request to dismiss the lawsuit filed by the Securities and Exchange Commission (SEC) over allegations of operating an unregistered securities exchange, Bloomberg News reported Aug. 23. The decision comes after Kraken requested a dismissal of the case filed by the SEC in November. The regulator’s complaint accused …
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SEC pushes back against Richard Heart’s bid to dismiss $1 billion fraud case
The SEC aggressively opposed Richard Heart’s attempt to dismiss a $1 billion fraud case, arguing that his widespread promotion of unregistered digital assets like HEX, PulseChain, and PulseX directly targeted US investors. The regulator’s Aug. 22 filing insisted that Heart’s actions fall squarely under US jurisdiction and that the evidence supports its claims of extensive …
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AI, data services, and staking tokens lead market recovery this week
Tokens related to staking services, artificial intelligence (AI), and data services outperformed Bitcoin (BTC) and Ethereum (ETH) during the recent recover in the crypto market over the past seven days. Artemis data shows that BTC and ETH registered upsides of 4.9% and 3.4%, respectively, during the past week. Meanwhile, staking services tokens like LDO and RPL …
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Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump
US presidential candidate Robert F. Kennedy Jr. announced his decision to withdraw from the 2024 presidential race and endorse former President Donald Trump during a press conference in Arizona on Aug. 23. The announcement, combined with Fed chair Jerome Powell’s bullish speech earlier in the day, caused Bitcoin (BTC) to surge 2.5% in the past …
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Bitcoin’s short-term holder supply nears 2019 lows, hints at market consolidation
Onchain Highlights DEFINITION:The total amount of circulating supply held by short term holders. Long- and Short-Term Holder supply is defined with respect to the entity’s averaged purchasing date with weights given by a logistic function centered at an age of 155 days and a transition width of 10 days. Bitcoin’s short-term holder supply has decreased …
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WazirX to resume phased fiat withdrawals after $235M hack
India-based crypto exchange WazirX announced that it will begin a phased resumption of fiat currency withdrawals on Aug. 26, following a month-long suspension due to a cyberattack, according to an Aug. 23 press release. The July 18 hack resulted in the theft of a significant amount of ERC-20 tokens, worth over $235 million at the …
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Bitcoin Blasts to $64,853—Powell’s Rate Cut Hints Lift Entire Crypto Market
Bitcoin reached an impressive peak of $64,853 per unit on Friday, spurred by U.S. Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, where he hinted at the possibility of rate cuts in September. The cryptocurrency showed a 5.3% increase in the past day, contributing to a 5.01% rise in the overall crypto market, which …
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National Power Administration of Paraguay Seizes 693 Miners in Illegal Bitcoin Mining Operation
The National Power Administration of Paraguay (ANDE) has recently detected and seized an illegal bitcoin mining operation hosting 693 miners. ANDE inspectors detected a tampered meter that failed to register all the energy consumed by the equipment connected to the power grid. The detection was carried out using SCADA systems. Paraguay Keeps Chasing Illegal Bitcoin …
Report Reveals Hamster Kombat Faces Legal Action From Early Investors
Hamster Kombat, the Telegram tap-to-earn gaming sensation, is facing legal woes in Russia stemming from conflicts between its alleged creator, Eduard Gurinovich, and one of its early investors, Ad.ru, an IT holding company. According to reports from Lenta.ru, a popular Russian online newspaper, Gurinovich created Hamster Kombat using a company named Arenum, of which Ad.ru …
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New Hollywood Streaming App Giving Away $5000 in Celebration of ‘God Bless Bitcoin’ Documentary
PRESS RELEASE. Hollywood’s hottest new social streaming app KINO – think Tik Tok meets Netflix – is giving away $5K this week to 7 lucky people in celebration of the premiere of the groundbreaking documentary “God Bless Bitcoin”. To sign up and secure a spot in the giveaway, please click here for a FREE KINO+ …
Bitcoin Investors Face Diverging Fortunes as Long-Term Holders Stay Steady, Glassnode Reveals
Bitcoin’s market dominance has reached 56% as long-term holders continue to accumulate despite turbulent market conditions, according to a comprehensive report by Glassnode. The latest onchain report highlights a divergence in investor behavior, with short-term holders bearing the brunt of recent losses. Long-Term Bitcoin Holders Show Resilience, Averaging $138M in Daily Profits, Says Glassnode Glassnode‘s …