The former FTX engineering director pleaded guilty to fraud and conspiracy charges in February 2023 and will return to court on Oct. 30 for a sentencing hearing.  After pleading guilty to fraud charges in 2023, former FTX engineering director Nishad Singh has asked a judge to grant him “time served and a period of supervised...Continue Reading

In 2024, malware spread through Python Package Index, text messages, fraudulent macOS programs, and even automated email threads. The frontend for Ambient Finance — a decentralized trading protocol — was compromised on Oct. 17, and the team has warned users not to interact with the site, connect wallets, or sign transactions at this time. According...Continue Reading

Spot Bitcoin ETFs have had four consecutive days of inflows, resulting in over $20 billion in cumulative flows since their launch in January. Cumulative flows into the spot Bitcoin (BTC) exchange-traded funds (ETF) have exceeded $20 billion following the United States-based products clocking four consecutive days of inflows. Spot Bitcoin ETFs have received $20.26 billion...Continue Reading

Bitcoin’s price rejection at $68,500 and the record high use of leverage could be signs that BTC is in for a sharp correction. Bitcoin’s (BTC) price has slowly bled over the past 24 hours, and there is an increasing possibility that the asset may have peaked at $68,500. Let’s examine the factors that explain why...Continue Reading

Eric Council Jr. faces charges of conspiracy to commit aggravated identity theft and access device fraud.  A 25-year-old man from Athens, Alabama, was arrested by the Federal Bureau of Investigation (FBI) for hacking the Securities and Exchange Commission’s (SEC) official X account in January. According to an Oct. 17 statement, Eric Council Jr. was taken...Continue Reading

Crypto markets plunged straight after gmoney paid a record price for a CryptoPunk in 2021. But the sale still looks like a steal in 2024. Back in January 2021 gmoney purchased the most expensive CryptoPunk at the time, Ape Punk #8219 for 140 ETH ($150,275 at the time). The sale a couple of months before...Continue Reading

Bitcoin avoids excess volatility after its trip beyond $68,000, but BTC price analysis warns that sharp moves may be next. Bitcoin drifted lower into the Oct. 17 Wall Street open as United States jobless claims increased caution over interest rate cuts. BTC/USD 1-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView tracked a...Continue Reading

Legal practitioner Amit Kumar Gupta told Cointelegraph that the Indian government’s stance on crypto reflects a lack of understanding of the technology.  A legal practitioner has argued that the Indian government’s “draconian” crypto tax is an attempt to displace blockchain and crypto technology because they believe it’s only being used for illicit purposes like money...Continue Reading

Some analysts don’t see this as a centralization concern due to the Ethereum network’s underlying builder-proposer architecture.  Two Ethereum block builders produced the majority of blocks during the first two weeks of October, raising concerns about centralization on the world’s second-largest blockchain network. Ethereum block builders Beaverbuild and Titan Builder were responsible for 88.7% of...Continue Reading

Bitcoin price remains in a seven-month downtrend despite the record ETF net flows. Spot Bitcoin exchange-traded funds (ETFs) in the United States have reached a major milestone in net flows, even as Bitcoin’s price remains stuck in a seven-month downtrend. US-based spot Bitcoin (BTC) ETFs crossed $20 billion in total net flows on Oct. 17....Continue Reading