2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed

Bitcoin (BTC) continued to bounce off $31,000 support during Friday as fresh data reinforced the importance of current price levels.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNo trip to $42,000?Data from Cointelegraph Markets Pro and TradingView showed BTC/USD repeatedly testing but, so far, not breaking through $31,000 on Friday.A late surge to near $32,000 then entered as…

The Synthetix protocol’s native stablecoin, Synthetix USD (SUSD), has slipped further away from its US dollar peg, reaching new all-time lows under $0.70.  However, the firm reiterates that this isn’t the first time the asset has been under significant stress, and several risk measures are in place. “Synthetix and sUSD have weathered multiple bear markets

Exchanges use leverage like banks with cryptocurrencies, the agency argues, appearing to support self-ownership of private keys. 3865 Total views 47 Total shares There is actually more than 21 million Bitcoin (BTC) in the world, ratings agency Weiss has claimed as it eyes major exchanges.In a tweet on May 25, Weiss, which is well known…

Cory Van Lew, the digital artist behind Mike Tyson’s NFT collection, will drop his iHeartMedia-inspired line-up on Sept. 14. 313 Total views 300 Total shares Mass media holding company iHeartMedia is planning to distribute free nonfungible tokens, or NFTs, in partnership with sustainable NFT platform OneOf — a campaign that could introduce more music lovers…

African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response 2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two African nations ranking in the top eight of the Chainalysis crypto adoption index.However, the booming growth has caught…

The Ethereum network is  losing ground as developers switch to other projects, various experts told Bloomberg on March 28.Ethereum, which debuted in 2015, initially provided a platform on which developers could build decentralized apps (DApps), conduct initial coin offerings (ICOs) and write smart contracts. Many saw it as being the successor to Bitcoin (BTC).According to…

A ransomware gang launched an attack on the information technology systems of Florence, Alabama in may. This attack came despite warnings by cybersecurity firms about possible hacker infiltration into the city’s infrastructure.According to a KrebsOnSecurity report from June 8, city officials intend to pay a ransom of nearly $300,000, citing concerns that failing to do…

Scalability trilemma implies that to scale, blockchains usually need to sacrifice one of their three fundamental cornerstones — security or decentralization, or transaction throughput. 306 Total views 10 Total shares After a successful Ethereum Merge, all eyes are set on the next phase of transition that would introduce key scalability solutions on the platform, including sharding. Market…

Statista has found that one-in-three Nigerians held or used crypto assets during 2020. 4757 Total views 18 Total shares Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020.According…