Month: August 2022

Alexander Vinnik reportedly en route to the US after extradition

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Accused BTC-e operator Alexander Vinnik has reportedly been extradited to America to face up to multiple charges relating to money laundering while working at the now-defunct cryptocurrency exchange. Vinnik has been embroiled in legal battles over the past five years for his alleged role as the mastermind of BTC-e. The cryptocurrency exchange is said to have profited from various illicit activities that used the platform to launder some $4 billion worth of Bitcoin (BTC). Vinnikโ€™s lawyer Frรฉdรฉric Bรฉlot told American news network CNN on Aug. 5 that Vinnik was in…

BlackRock and Coinbase team up, and thieves take $2 billion in cross-chain hacks: CNBC Crypto World

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at whatโ€™s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On todayโ€™s show, Donnie Dinch of Bitski discusses the series of crypto hacks in recent days, and how users can protect themselves. 0:00 – CNBC Crypto World, August 4, 2022 0:22 – Crypto prices fall 0:38 – The headlines 2:16 – Donnie Dinch of Bitski…

Meta Expands Instagram’s NFT Rollout to 100 Countries โ€” Platform Connects With Third Party Web3 Wallets โ€“ Bitcoin News

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Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today. Original

Bitcoin price reaches $23.4K on 4.6% gains amid ‘very mixed’ outlook

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Bitcoin (BTC) rebounded overnight into Aug. 5 as a fresh trendline reclaim opened the door to further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Daily BTC pricechart sets up “tentative” long signal Data from Cointelegraph Markets Pro and TradingView showed BTC/USD bouncing off a local bottom at $22,400 to add around 4.6%. The pair had reversed direction right at key bid support on major exchange Binance, this helping avoid a more substantial loss of the 200-week moving average (MA) at around $22,800. While that key zone remained uncertain for…

Why does Bitcoin pollute so much?

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Cryptocurrencies are famously bad for the environmentโ€ฆ but is there a way we can do better? A study titled โ€œRevisiting Bitcoinโ€™s Carbon Footprintโ€ showed how Bitcoin could be responsible for 65.4 megatons of carbon emissions annually, which is about the same amount as the entire country of Greece. Chinaโ€™s crackdown on Bitcoin mining hasnโ€™t entirely made the dent in these numbers it was expected to, mainly since it was later found that mining in China never stopped. Simply put, no amount of restriction will make a difference. Bitcoin was created…

Congress will likely decide the fate of crypto jurisdiction: Lummis staffer

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A United States Senator Cynthia Lummis staffer believes that U.S. Congress will have to step in and resolve the dispute between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding who regulates cryptocurrencies if the matter cannot be resolved internally.ย  The issue stems from 2014 when the CFTC first asserted jurisdiction over virtual currencies. This was later reaffirmed by a U.S. Federal Court ruling in 2018, which stated that CFTC had jurisdiction to prosecute criminals over fraud cases involving virtual currencies. However, it has been…

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Centralized USDC could decide the future of contentious ETH hard forks

Ethereum co-founder Vitalik Buterin says that centralized stablecoins such as Tether (USDT) and Circle USD (USDC) could become โ€œa significant decider in future contentious hard forks.โ€ Buterin was speaking at the BUIDL Asia conference in Seoul on Aug. 3, along with Illia Polosukhin, the co-founder of Near Protocol (NEAR) to discuss Ethereumโ€™s upcoming Merge. The Ethereum co-founder argued that centralized stablecoins could be a โ€œsignificantโ€ decider of which blockchain protocol the industry would โ€œrespectโ€ in hard forks. A hard fork occurs when there is a radical change to the protocol…