Day: August 4, 2023

Nearly half of crypto copy traders are Gen Z, says Bitget report

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Generation Z crypto investors are more likely to engage in copy trading or social trading, an investment method that involves mirroring someone else’s trades, according to a report from crypto exchange Bitget. In an Aug. 3 report on copy trading by Bitget, the firm revealed that out of all of its copy traders, 44% of them were under 25 years of age. This was followed by 25- to 35-year-olds, who accounted for just under one-third of all copy traders. The older generation, 35- to 55-year-olds, made up 17% of copy…

‘Is this a Bitcoin ad?’ Joe Biden unknowingly touts BTC in coffee mug video

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United States President Joe Biden may have inadvertently become Bitcoin’s latest brand ambassador in a new “cringe” video advertising merchandise for his reelection campaign. On Aug. 3, President Biden tweeted: “A cup of Joe never tasted better” along with a video of himself drinking coffee from a mug. A cup of Joe never tasted better. Grab yours: https://t.co/4fbxCBQNPZ pic.twitter.com/s2qboyE7C1 — Joe Biden (@JoeBiden) August 3, 2023 The Bitcoin and crypto community were quick to notice the design of the coffee mug, which features his face with glowing red “laser eyes”…

New York resident confesses to hacking Bitfinex in 2016

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ilya Lichtenstein, a resident of New York, has confessed to his involvement in the laundering of stolen Bitcoin worth $4.5 billion that was taken during the 2016 Bitfinex hack. This is a significant development as the hacker’s identity was previously unknown.  Despite doubts about the couple’s capacity for orchestrating such a crime, blockchain records revealed a clear trail from Bitfinex to a wallet found in Lichtenstein’s possession by authorities.  In February 2022, the U.S. Department of…

SEC freezes assets of DEBT Box, alleging $50M node license ‘sham’

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The United States Securities and Exchange Commission has obtained a temporary asset freeze against Utah-based crypto company Digital Licensing Inc, accusing the firm of perpetrating a $50 million fraudulent crypto scheme. On Aug. 3 the SEC announced it had obtained a temporary asset freeze, restraining order, and other emergency relief against Digital Licensing Inc., which was operating as “DEBT Box.” The firm’s four principals, Jason Anderson, his brother Jacob Anderson, Schad Brannon, and Roydon Nelsonand, and 13 other defendants were included in the enforcement action. The SEC has alleged the…

SEC files charges against US firm

The Securities and Exchange Commission (SEC) has issued a temporary restraining order against a Utah-based company, DEBT Box, accusing the firm and its principals of conning investors out of approximately $49 million through a crypto scheme. The Anderson brothers, Jason and Jacob, and 15 others allegedly orchestrated an extensive financial operation in March 2021 that raised significant funds from US investors in Bitcoin (BTC) and Ethereum (ETH).  We obtained a temporary asset freeze, restraining order, and other emergency relief against DEBT Box and its four principals, Jason Anderson, his brother Jacob Anderson,…

Ether ETF applications flood the SEC as ProShares files the 11th

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The United States Securities and Exchange Commission (SEC) has been recently inundated with applications for Ether (ETH) futures exchange-traded funds (ETFs), with a grand total of 11 Ether-based filings being submitted in less than a week.  The latest ProShares ETF application was filed on Aug. 3 and proposes an equal weight Bitcoin (BTC) and Ether ETF. According to the filing, the fund will track “the performance of holding long positions in the nearest maturing monthly bitcoin and ether futures contracts.” UPDATE: Another one…. 11 ETFs Filed… Proshares filed for a…

Curve Impressively Adds 22% As Founder Sells CRV To Repay Aave Loan

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CRV, the governance token of Curve, a decentralized exchange for stablecoins and a key player in the decentralized finance (DeFi) landscape, has impressively recovered, adding 22% after sinking to its August 2023 lows this week. When writing on August 3, CRV is trading at $0.59, rising double digits after dropping to $0.48 on August 1 following a damaging hack that saw liquidity providers in several pools lose funds.  Whales Stepping In To Buy CRV This recovery is attributed primarily to strategic actions by notable crypto whales who have stepped in to…