US authorities arrest former Coinbase manager, alleging insider crypto trading

United States authorities have brought charges against three people for wire fraud conspiracy and wire fraud in connection with a scheme to commit insider trading using crypto, one of whom was a former product manager at Coinbase Global. In a Thursday announcement, the U.S. Attorney’s Office for the Southern District of New York said in conjunction with the New York Field Office of the Federal Bureau of Investigation it had filed an indictment against former Coinbase Global product manager Ishan Wahi as well as his brother Nikhil Wahi and associate…

XMR Moves to 5-Week High, Despite Crypto Selloff – Market Updates Bitcoin News

Monero moved to its highest level in five weeks on Thursday, despite crypto markets mainly trading in red. The token rose to its highest level since June 13 after extending recent gains. On the other hand, dogecoin dropped lower today, despite Elon Musk announcing that Tesla hasn’t sold any of the meme coin. Monero (XMR) Monero (XMR) was a notable mover in today’s session, as the token rose for a fourth consecutive day. Today’s surge saw the token climb to an intraday high of $153.09, which is its highest point…

Today's Crypto News | Celebrities into Cryptocurrency

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Bitcoin bulls miss key resistance flip as BTC price sheds 8%

Bitcoin (BTC) extended losses on the July 21 Wall Street open after a key resistance level failed to hold as new support. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rises to squeeze risk assets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $22,340 on Bitstamp after the opening bell, down 8% from its local top.  The pair’s progress had seen a challenge from Tesla, which revealed that it had sold 75% of its BTC position at a loss. Macro events then added to Bitcoin’s woes in the…

Ex-Coinbase Manager Among 3 Arrested on Crypto Insider Trading Charges

“As used in this complaint, ‘crypto asset security’ refers to an asset that is issued and/or transferred using distributed ledger or blockchain technology – including, but not limited to, so-called ‘digital assets,’ ‘virtual currencies,’ ‘coins,’ and ‘tokens’ – and that meets the definition of ‘security’ under the federal securities laws,” the SEC complaint said. Source

What are the long-terms goals for the Ethereum blockchain? Vitalik Buterin explains live at EthCC

On Thursday, Vitalik Buterin, co-founder of Ethereum, shared his long-term vision for the namesake blockchain live at the annual Ethereum Community Conference, or EthCC, in Paris. As told by Buterin, Ethereum is currently at an inflection point, or period of rapid change, before the ecosystem’s capability will eventually settle down.  Currently, the foremost priority for Ethereum is building an easy-to-use light client for consensus layer, execution layer, and layer-two solutions by default. Next is better support for home stakers or those looking to validate network transactions when Ethereum transitions to…

Tribal Groups in Remote Indian Area Get Blockchain Caste Certificates

“Everyone thinks of development as providing basic livelihood needs like food, bamboos for shelter, a cow or a goat (through animal husbandry schemes), but nobody has thought of equity for them, probably because the people here are not tech savvy,” Gupta said. So, what I tried to do was give them equity through exposure so that their children may learn about blockchain and do something in the future.” Source link

Blockchain Caste Certificates Get Delivered to Tribal Groups in Remote Indian Area

Caste certificates, critical to India’s targeted welfare schemes, in one district where tribals are 80% of the population, will be distributed today. The crypto project is the brainchild of Shubham Gupta, 28, an officer of the extremely-difficult-to-qualify-for Indian Administrative Services, who use to work in his father’s shoe shop in a remote area of India as a 15 year old. Source