Month: July 2023

Kraken co-founder’s home searched by FBI in March

Jesse Powell, founder and former CEO of crypto exchange Kraken, had his residence searched by the FBI earlier this year. The investigation was prompted by accusations that Powell engaged in cyber-stalking and hacking against Verge Center for the Arts, a nonprofit arts group that he also founded. According to sources familiar with the matter, the FBI, in collaboration with the U.S. Attorney’s Office for the Northern District of California, has been examining Powell’s activities since at least September of last year. In March, the FBI searched Powell’s home in Brentwood,…

ChatGPT picks Tradecurve, Aave, and Sui for investors to explore

Investors have a chance to increase their portfolios and earn profits through cryptocurrencies. However, with a vast selection of over 26,000 options, choosing which crypto to invest in can be challenging.  To assist with this decision, we have utilized ChatGPT, which has analyzed the market and suggested three tokens and projects in tradecurve (TCRV), aave (AAVE), and sui (SUI) that investors can consider. Aave leads the DeFi surge The decentralized finance (DeFi) sector is recovering and spearheaded by Aave, one of the oldest players.  Last week, AAVE prices surged by…

Gemini files lawsuit against DCG and Barry Silbert alleging fraudulent activities

Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a tweet published today, June 7, that Silbert played a central role in orchestrating fraudulent activities and actively took part in the fraudulent schemes perpetrated by DCG and Genesis against creditors. 1/ Today, @Gemini filed a lawsuit against @DCGco and @BarrySilbert personally in New York court. Barry was not only the architect and mastermind of the DCG and Genesis fraud against creditors,…

Over $765K worth of NFTs stolen after SIM swap attack on GutterCatGang

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More than $765,000 worth of nonfungible tokens has been stolen as part of a reported SIM swap attack on the GutterCatGang NFT project. The security breach was highlighted by several NFT community members at around 8 pm UTC on July 7, with GutterCatGang co-founder @GutterMitch tweeting out a warning that: “Our Twitter has been compromised please do not interact with any links.” Our Twitter has been compromised please do not interact with any links — Gutter Mitch (@GutterMitch) July 7, 2023 Alongside the official GutterCatGang account, co-founder @gutterric was also…

Circle freezes $63m in USDC in response to Multichain breach

Following the detection of a substantial token movement from Multichain’s bridging networks to an undisclosed address, the platform has temporarily suspended its services. On-chain investigators had previously speculated about a potential multimillion-dollar exploit as they observed cryptocurrency being withdrawn from Multichain‘s multi-party computation network. The reason remains unknown On Thursday, Multichain took to Twitter to announce that they are conducting an investigation into the incident and expressed uncertainty about the cause. They advised all users to cease utilizing Multichain services and revoke any contract approvals associated with the platform.  Formerly…

JPMorgan: SEC Approval of Spot Bitcoin ETF Unlikely To Be A Game Changer

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A JPMorgan strategist believes that SEC approval for a spot Bitcoin ETF won’t be a game changer.  The banking giant has argued that similar products have existed in Canada and Europe.  The strategist pointed out that Bitcoin funds have attracted little interest from investors over the past two years.  JPMorgan’s report acknowledged that spot BTC ETFs would bring more liquidity and transparency to BTC markets.  Wall Street giant JPMorgan believes that a spot Bitcoin ETF in the United States won’t have the impact that the crypto and TradFi communities believe…

Elon Musk’s legal team responds to ‘audacious allegations’ in dogecoin case

Elon Musk’s attorneys are contesting a dismissal motion put forth by plaintiffs in the ongoing class-action lawsuit involving dogecoin investors. Elon Musk’s attorneys are contesting a complaint from plaintiffs in a class-action lawsuit involving dogecoin (DOGE) investors. The plaintiffs are seeking the dismissal of Musk’s legal team over allegations of misconduct. The attorneys for Musk have responded, describing the complaint as a misuse of judicial resources. The response from Musk’s legal team is contained in a detailed document. This response seeks to challenge the substance of the allegations, arguing that…

Coinbase Knew It May Have Been Violating the Law Prior to the SEC’s Lawsuit, Regulator Claims

“Coinbase, a multi-billion-dollar entity advised by sophisticated legal counsel, argues it was unaware that its conduct risked violating the federal securities laws, and suggests that by approving Coinbase’s registration statement in 2021 the SEC confirmed the legality of Coinbase’s underlying business activities – at that time and for all time,” the SEC said in its filing. Source ClaimsCoinbaseKnewLawLawsuitPriorRegulatorSECsViolating CryptoX Portal

Robert F. Kennedy Jr. owns up to $250k in bitcoin, financial records show

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Robert F. Kennedy Jr. currently holds between $100,000 and $250,000 in bitcoin, according to financial records. America’s next potential president is a bitcoiner  Kennedy, who is running as a Democratic candidate for president of the United States, has been a vocal supporter of cryptocurrency and blockchain technology and has gone as far as accepting campaign donations in bitcoin (BTC).  The 69-year-old politician and environmental lawyer has publicly stated that despite his positive sentiment toward blockchain, he…

Coinbase domain name reportedly used by scammers in high-profile attacks

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Update (July 7 at 9:33 PM UTC): This article has been updated to include Coinbase’s response.  Coinbase’s users have been turning to Twitter to report scams and phishing attacks involving the company’s services and applications in recent weeks, including claims that scammers are using the crypto exchange’s domain name. The most recent case was disclosed on July 7 by a Twitter user identified as Daniel Mason, who allegedly received texts and emails from scammers with links under the domain Coinbase.com. The fraudster contacted Mason using a real phone number, then triggered…