Category: Crypto
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LayerZero spots 800k sybil addresses in airdrop scheme
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An ongoing self-reporting effort by interoperability giant LayerZero to combat Sybil attacks has uncovered more than 800,000 Sybil addresses. According to LayerZero, the self-reporting process was carried out alongside rigorous analysis with risk management platform Chaos Labs and blockchain analytics firm Nansen. The self-report phase of the sybil has now…
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Hong Kong Police Arrest Crypto Exchange Shop Employees on Suspicion of Fraud
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Hong Kong police have arrested three employees of a currency exchange shop on suspicion of fraudulent activities. This followed an incident where a customer at the store was reportedly confronted with piles of “hell money” before executing a cryptocurrency transfer worth around HK$1 million. Hong Kong authorities arrest 3 on…
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Bitcoin Breakout From Major Resistance Levels Signals Bullish Momentum
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Bitcoin Which had been moving lower for a while, has now managed to break above the previous resistance level of $67,303.98 and has been showing signs of a potential rally since then. At the time of writing, BTC price is up 0.04%, and is currently trading at around $67,303.98. BTC…
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Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
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Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…
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Tornado Cash Dev Alexey Pertsev Sentenced to 64 Months in Prison
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Alexei Burtsev, the developer of the Ethereum-based Tornado Cash cryptocurrency mixer, was sentenced to 64 months in prison after a Dutch court found him guilty of money laundering on Tuesday. The judge stated that the platform was “intended for criminals” and that Burtsev should have suspected the criminal origins of…
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Memecoin Eyes New Highs as OI Soars
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Floki Inu (FLOKI), a memecoin inspired by the Shiba Inu, has stepped into the spotlight with an increase in trading activity and a nearly 20% price increase in the past week. However, experts warn that these “minis” may be short-lived, fueled more by hype than solid fundamentals. Related reading Open…
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AntPool mines 7 consecutive blocks, ‘centralization trend’ continues
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AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, raising concerns within the cryptocurrency community about the network’s security. This blockchain confirmed 20,686 transactions, resulting in over 23 bitcoins, worth approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904,…
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AntPool mines 7 consecutive blocks, ‘centralization trend’ continues
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AntPool, the second-largest Bitcoin (BTC) mining pool, mined seven consecutive blocks on May 17, raising concerns within the cryptocurrency community about the network’s security. This blockchain confirmed 20,686 transactions, resulting in over 23 bitcoins, worth approximately $1.54 million in revenue. The mining spree occurred between block heights 843,898 and 843,904,…
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The Most Outrageous Ripple (XRP) Price Predictions This Year
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Turkish lire; Dr XRP is trading at $0.52, and some analysts are predicting potential rises to $5.85, $18.22, and even as much as $100, although extreme targets are unlikely. The ongoing lawsuit between Ripple and the Securities and Exchange Commission is significantly impacting the asset’s price, with the company’s district…
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Bitcoin Investor Sentiment Witnesses Bullish Shift – BTC Price To $70,000 Soon?
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After reaching an all-time high of $73,737 in mid-March, Bitcoin has been unable to maintain itself at a high level of activity and strength. In fact, the leading cryptocurrency entered a new era with the halving event in April, but its price performance in the past weeks has not yet…
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Bitcoin Asia: China Emerges As New Frontier For Bitcoin Innovation
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Ah, the Wild West. John Wayne, The Man With No Name, Billy the Kid and Jesse James. Borders have a way of capturing everyone’s imagination – young and old. Cowboys, outlaws, gold diggers. A land of opportunity and harsh cruelty. Ruthless but irresistible. Bitcoin was once such a frontier. The…
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Bitcoin Asia: China Emerges As New Frontier For Bitcoin Innovation
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Ah, the Wild West. John Wayne, The Man With No Name, Billy the Kid and Jesse James. Borders have a way of capturing everyone’s imagination – young and old. Cowboys, outlaws, gold diggers. A land of opportunity and harsh cruelty. Ruthless but irresistible. Bitcoin was once such a frontier. The…
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Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In
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The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets recording significant gains in the past week. Notably, the price of Bitcoin rebounded from around $61,000 to over $67,000 for the first time in about a month. As expected, the recent price…
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Why Did Bitcoin Just Jump 10%? Blockchain Firm Weighs In
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The cryptocurrency market has been on a hot streak in the past few days, with several large-cap assets recording significant gains in the past week. Notably, the price of Bitcoin rebounded from around $61,000 to over $67,000 for the first time in about a month. As expected, the recent price…
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Real-world assets need real-world utility
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Disclosure: The views and opinions expressed here are solely those of the author and do not represent the views and opinions of crypto.news editorial. Ask anyone or take a look at any Twitter poll, and you’ll find that “real-world assets” are catalysts for the next bull market. While I agree…
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7 Reasons Dogecoin (DOGE) Could Flip Ripple’s XRP in 2024
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Dogecoin’s total market capitalization stands at $19.8 billion at the time of writing, with the meme coin retailing at $0.145. Meanwhile, the price of Ripple Ripple’s lawsuit against the US Securities and Exchange Commission could end as soon as this summer, according to a legal expert. That would be an…
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Phony Philanthropy? Notcoin’s $6.8 Million Gift to Telegram Founder Rings Alarm Bells
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The booming world of cryptocurrencies is still grappling with transparency issues, with a recent donation raising eyebrows across the cryptocurrency landscape. Notcoin, a brand new play-for-profit game built on top of the Telegram messaging platform, has sent a whopping $6.8 million worth of its tokens (NOT) to Telegram founder Pavel…
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Wisconsin Investment Board Becomes First State Pension To Buy Spot Bitcoin ETFs, Holds Over $162 Million
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The Wisconsin State Investment Board (SWIB) today disclosed its significant investments in Bitcoin exchange-traded funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB owns approximately $100 million of BlackRock’s Spot Bitcoin ETF (IBIT). JUST IN: ?? Wisconsin Investment Board reveals it…
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Wisconsin Investment Board Becomes First State Pension To Buy Spot Bitcoin ETFs, Holds Over $162 Million
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The Wisconsin State Investment Board (SWIB) today disclosed its significant investments in Bitcoin exchange-traded funds (ETFs) through a recent filing with the Securities and Exchange Commission (SEC). According to the filing, SWIB owns approximately $100 million of BlackRock’s Spot Bitcoin ETF (IBIT). JUST IN: ?? Wisconsin Investment Board reveals it…
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Crypto Expert Willy Woo Predicts Bitcoin Has Room To Run
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Crypto expert Willy Wu Expect Bitcoin to continue to move significantly to the upside. He made this claim based on an indicator that crypto investors are still willing to buy Pioneering encryption At higher prices. Related reading Bitcoin still has ‘plenty of room to run’ Wu was mentioned in an…