Day: January 24, 2023

7 people who could be Bitcoin creator Satoshi Nakamoto

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Satoshi Nakamoto is the pseudonym used by the creator(s) of Bitcoin, whose true identity remains unknown. The name was used to author the original Bitcoin (BTC) white paper in 2008 and to create and deploy the first Bitcoin software in 2009. Nakamoto’s true identity has never been revealed, and they have remained an enigma in the world of cryptocurrency. They are estimated to have mined around 1 million BTC in the early days of the network, which would make them one of the wealthiest people in the world. Some believe…

Washington Townhome Tied to Disgraced FTX Co-Founder Listed for $3.28 Million Amid Controversy and Bankruptcy – Bitcoin News

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A Washington, D.C., townhome tied to FTX co-founder Sam Bankman-Fried has been listed on the market for roughly $3.28 million. The property was purchased by Bankman-Fried’s brother’s nonprofit, Guarding Against Pandemics, for the same price it is selling for today. FTX Co-Founder’s Luxury Property Suspected to Have Been Used for Wining and Dining Political Elite in the Name of ‘Pandemic Prevention’ According to the New York Post reporter Mary K. Jacob, a four-bedroom Washington townhome associated with the disgraced FTX co-founder Sam Bankman-Fried (SBF), is now listed on the market.…

ETH price risks 20% drop if key support level breaks

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Ether’s (ETH) rally versus Bitcoin (BTC) is not only showing signs of exhaustion, but is also in danger of breaking below a key technical support level.  ETH slides vs. BTC in second half of January The ETH/BTC pair declined nearly 9.25% on Jan. 24 from its local top of 0.0779 BTC established on Jan. 11. Since the start of the year, Bitcoin is slightly outpacing Ether in USD terms, rising 38% versus 35%, respectively. ETH/BTC daily candle price chart. Source: TradingView Interestingly, Ether’s pullback versus Bitcoin has landed its price…

Google to Face Fresh Lawsuit from US Department of Justice

Tech giants including Meta Platforms, Amazon, and Apple are also being grilled for their acquisition of smaller rivals in a bid to squash out competition. The United States Department of Justice (DoJ) is reportedly finalizing plans to file a new lawsuit against Google and its parent company, Alphabet Inc (NASDAQ: GOOGL). The news was first reported by Bloomberg which said the suit is on track to be filed as early as this week according to anonymous sources close to the probes. The regulator is allegedly digging into the tech giant’s…

Chart analyst Katie Stockton says she remains skeptical of bitcoin’s 2023 rally

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Katie Stockton, founder of Fairlead Strategies, said Tuesday that bitcoin’s rally in the new year doesn’t look sustainable. “The positive development is that it has rallied enough to give folks an exit,” Stockton said on CNBC’s “Squawk Box.” “The catch with that is when you see such strong, very steep rallies, they are more characteristic of counter-trend moves.” After finishing 2022 down more than 60%, bitcoin has already risen about 40% year to date. The world’s largest cryptocurrency touched the highest level since August on Saturday, rising above $23,300. BTC.CB= 1Y…

Binance Handled $346M In Bitcoin Transactions For Russian Exchange Bitzlato: Reuters

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Summary: Binance processed 205,000 transactions between May 2018 and January 2023, per a Chainlysis report from Tuesday. The leading crypto exchange also reportedly facilitated $90 million in BTC trading volume for Bitzlato post-August 2021, after announcing plans to beef up anti-money laundering checks. Bitzlato is under investigation by the U.S. Justice Department and its Founder Anatoly Legkodymov was charged with money laundering. On-chain security firm Chainlysis reported on Tuesday that Binance facilitated over $345.8 million in Bitcoin trading volume for investigated Russian crypto exchange Bitzlato. Bitzlato was accused of money…

Crypto Recovery Specialist Asset Reality Raises $4.91M to Hire Engineers, Expand Ops

“Asset Reality has a team of ex-law enforcement and private sector asset recovery practitioners. We’ve investigated, we’ve seized, we’ve recovered, we’ve been to court,” Larkin explained. “So it’s trying to fill that big gap that currently exists where you’ve got best practices, you’ve got good tools, but everything just isn’t gelling together. That’s where we slot in.” Source

Islamic Fintech Startup Wahed Opens Physical Office in UK

Wahed has a plan to help its customers grow their funds in the most Sharia-compliant way. American financial technology and service provider, Wahed has extended its global reach with a newly opened office in the United Kingdom (UK). As reported by CNBC, the new office is like a storefront that looks like that of Apple Inc (NASDAQ: AAPL), and it will house staff members that will provide account opening services and investment counseling for prospective customers. Wahed is touted as an Islamic finance banking firm that adheres to the tenets…

Bitzlato Executives Arrested in Europe, Exchange Laundered €1 Billion, Europol Says – Exchanges Bitcoin News

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European law enforcement authorities have detained four more members of the executive team of crypto exchange Bitzlato, Europol announced. According to the police agency, nearly half of the funds processed through the platform were associated with various criminal activities. Bitzlato Senior Management Targeted in Europe, Exchange Infrastructure Dismantled High-ranking executives of the recently busted Bitzlato have been apprehended as part of the international investigation against the crypto exchange with the participation of law enforcement and judicial authorities in several European countries. According to a press release published by the European…

Reformed ‘altcoin slayer’ Eric Wall on shitposting and scaling Ethereum – Cointelegraph Magazine

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Although he’s had a variety of jobs in the industry, including a stint as Arcane Asset’s chief investment officer, Eric Wall is probably best known for shitposting and arguing with people on Crypto Twitter. “Just like any other person, I’m scrolling my Twitter feed, and then you see people saying dumb shit that is incorrect, and that is based on a lie. And then I just argue with that person, and then those arguments lead to long-form Medium articles,” he says with just a faint trace of a Swedish accent.…