Month: June 2023

Unconfirmed reports say Ripple considering buying back 10 billion XRP, skeptics doubtful

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Rumors are circulating that Ripple, a San Francisco-based fintech company, may be considering a buyback of 10 billion XRP. However, these rumors have been called into question by skeptics such as lawyer John E. Deaton. In their social media comments, they urge the community to wait for an official confirmation from Ripple. Crypto lawyer awaiting Ripple’s clarification on rumors Deaton expressed his doubts via Twitter, saying he would not believe the buyback news until he received official…

Bitcoin trades above $30K, boosting traders’ interest in ETH, ARB, VET and STX

boss

Bitcoin (BTC) made a new 52-week high on June 23, indicating that bulls are on fire. Buyers have managed to hold onto a large part of the gains made during the week, signaling that they are in no hurry to book profits. Bitcoin climbed 16% this week, outperforming the S&P 500 Index, which fell 1.39%. Not only Bitcoin but even Ether (ETH) is showing signs of starting a bullish move. Glassnode data shows that Ether balances on exchanges dropped sharply in the past 30 days and hit a new low…

American film star faces $50,000 crypto scam charges

Zachery Ty Bryan, who played Brad Taylor on “Home Improvement,” faces accusations of involvement in a cryptocurrency scam. Allegedly, he took $50,000 from multiple individuals by falsely promising to invest it in a cryptocurrency opportunity for a startup named Producers Market. Bryan faces crypto scam charges Several individuals have accused the former child actor of taking $50,000 under false pretenses, promising to invest it in a non-existent cryptocurrency opportunity for a startup called Producers Market. According to The Hollywood Reporter, Bryan had convinced four individuals to contribute funds for purchasing digital…

US Treasury yields are rising — What does it mean for Bitcoin price?

boss

United States Government bonds, or Treasurys, have a tremendous influence across all tradeable markets, including Bitcoin (BTC) and Ether (ETH). In that sense, risk calculation in finance is relative, so every loan, mortgage and even cryptocurrency derivatives depend on the cost of capital attributed to U.S. dollars. Assuming the worst-case scenario of the U.S. government eventually defaulting on its own debt, what happens to the families, businesses and countries holding those bonds? The lack of interest debt payments would likely cause a global shortage of U.S. dollars, triggering a cascading…

Global regulators scrutinizing Binance, bitcoin breaks above $31,000 on rising institutional adoption| Weekly recap

boss

Binance faced more regulatory challenges worldwide, particularly in the UK and Belgium, which increased the scrutiny on the exchange. Despite the ongoing regulatory issues in the crypto industry, there was a significant increase in institutional adoption of cryptocurrencies during the week as Mastercard and J.P. Morgan expanded their involvement in the field. This wave of institutional adoption and renewed market confidence catalyzed the crypto market’s recovery. Bitcoin (BTC), the flagship cryptocurrency, was resilient as it surged above the $31,000 mark, rallying to the highest level this year. Binance’s regulatory issues…

Amazon to invest $100M in generative AI center: Report

boss

Amazon’s cloud unit, commonly known as AWS, is building a $100 million solution to catch up with Microsoft and Google in the market for generative artificial intelligence. According to Bloomberg, the upcoming AWS Generative AI Innovation Center will connect Amazon experts in AI and machine learning with clients seeking to build applications based on the latest technologies. In generative AI, algorithms are used to create new content, such as audio, code, images, texts, simulations, and videos. Amazon said Highspot, Twilio, Ryanair and Lonely Planet will be among the first users…

Bitcoin price above $30,000, DigiToads presale demand rising as TOADS rally

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The cryptocurrency market has recently been bullish, forcing prices higher across various digital assets. Comments from Peter Brandt, a trader, have reinforced this positive market movement. On Twitter, Brandt predicts bitcoin’s continued dominance over altcoins. There is currently much optimism in the crypto world, and one project that has caught people’s attention is DigiToads (TOADS). This new platform has gained the interest of investors, who see it as a promising investment opportunity. With the official launch approaching, there…

Crypto hacker gets 5 years in prison after stealing $794,000

A British hacker, Joseph O’Connor, aka the PlugwalkJoe, has been sentenced to five years in a United States prison for stealing $794,000 worth of crypto through a SIM swap attack. The SIM swap attack case O’Connor was initially arrested in Spain in July 2021 for his involvement in a SIM swap attack on a crypto exchange executive in 2019. He was later extradited to the United States on April 26, 2023. In May, he pleaded guilty to several charges, including conspiracy to commit computer intrusions, wire fraud, and money laundering.…

Notorious Hacker PlugwalkJoe Sentenced to Five Years for Cryptocurrency Theft and Twitter Hack

boss

British hacker Joseph O’Connor, widely known as PlugwalkJoe in the online realm, has been sentenced to five years in a United States prison. O’Connor’s conviction stems from his involvement in a high-profile cryptocurrency theft, where he managed to steal approximately $794,000 worth of digital assets through a SIM swap attack on a cryptocurrency exchange executive back in April 2019.   The renowned hacker was apprehended in Spain in July 2021 and was subsequently extradited to the United States on April 26, 2023. In May, he pleaded guilty to an array…

LUNC developers submit proposal for liquid staking on Quicksilver

Terra Luna Classic (LUNC) developers have submitted a joint governance proposal to the community and validators that will introduce liquid staking derivatives with the Quicksilver network. The proposal incorporates multiple interchain account (ICA) host message types for integrating QuickSilver. It has garnered positive feedback from the LUNC community, paving the way for potential advancements in the token’s ecosystem. Titled “Allow Various ICA Host Message Types (For QuickSilver),” the proposal was presented to Commonwealth by developer Parker Lowe, who also took to Twitter to generate awareness and gather community attention. The document bears…