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Bitfinex Hackers Plead Guilty: A $3.4 Billion Bitcoin Heist Uncovered

The Guilty Plea Heather Rhiannon Morgan, also known as “Razzlekhan,” and her husband, Ilya “Dutch” Lichtenstein, have admitted their roles in the 2016 Bitfinex hack. The couple pleaded guilty in a Washington, D.C., federal court, with Lichtenstein confessing to both the theft and subsequent laundering of over 119,756 Bitcoin (BTC) from Bitfinex customers. This admission […]

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Binance CEO Stops $20M Scam: Could You Spot the Trick?

The Scam That Almost Was On August 2nd, Changpeng “CZ” Zhao, the CEO of Binance, shared an incident of a narrowly averted scam that could have cost $20 million. The scam, which CZ described as “clever and close,” involved the generation of crypto addresses with identical starting and ending letters. This method is particularly deceptive

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Worldcoin Halted in Kenya: Is Your Data Safe?

The Suspension of Worldcoin Activities The Kenyan government has recently ordered a halt to all activities related to Worldcoin, a newly launched cryptocurrency project, and the distribution of its native token, WLD. The decision, announced by Kithure Kindiki, Cabinet Secretary for the Interior and National Administration, stems from concerns over the collection of iris data

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Coinbase’s Lightning Network Integration: What Does It Mean for You?

A New Chapter in Coinbase’s Journey Coinbase, under the leadership of CEO Brian Armstrong, is actively exploring the integration of the Lightning Network into its platform. This revelation comes in response to former Twitter CEO Jack Dorsey’s query about Coinbase’s apparent lack of interest in integrating the Lightning Network. Armstrong’s response on August 2nd not

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Ethereum Futures ETFs: The Next Big Thing in Crypto Investment?

The Race is On In the world of cryptocurrency, Ethereum has been making waves with six different Ethereum futures ETFs recently submitted for Security and Exchange Commission (SEC) approval. The applications were filed by Bitwise, Roundhill, VanEck, Proshares, and Volatility Shares, with the latter’s “Ether Strategy ETF” being the first in line for a decision

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Ethereum’s Stability: A Silent Indicator of a Crypto Storm?

The Current State of Ethereum Ethereum, one of the leading cryptocurrencies, has been exhibiting a flat price trend, hovering above the $1.8K mark. Despite multiple attempts, the digital currency has been unable to break the crucial resistance level at $2K, suggesting a lack of demand. This steady state of Ethereum’s price has been maintained by

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BaFin’s Probe into Bitcoin Bank Breaker: A Wake-Up Call for Crypto Investors

The Investigation Begins The Federal Financial Supervisory Authority of Germany, commonly known as BaFin, has initiated an investigation into the cryptocurrency platform Bitcoin Bank Breaker. The regulatory body suspects the firm of operating without the necessary authorization, raising several red flags in the process. BaFin has issued a warning to German consumers, urging them to

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Why Binance’s Dubai License is a Game-Changer for Crypto

A Groundbreaking Achievement In a significant development, Binance, the world’s leading cryptocurrency exchange, has become the first of its kind to be granted an Operational Minimum Viable Product (MVP) license by Dubai’s Virtual Assets Regulatory Authority (VARA). This milestone allows Binance to offer exchange and broker-dealer services, albeit exclusively to institutional and qualified retail investors

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