FBI token: How the FBI used a fake AI fund coin to nab fraudsters
The FBI’s ‘NexFundAI’ coin was used to catch alleged market manipulators, but the crypto community may have confused it with another coin.
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Crimea Considers Blockchain Center for Anonymous Foreign Investments to Avoid Sanctions
Crimean authorities are considering creating a blockchain-cluster that would support investment platforms allowing foreign investors to work in sanctioned countries anonymously, major state-operated Russian news agency TASS reported Nov. 16.Previously this week, the Permanent Representative of the Republic of Crimea under the President of the Russian Federation, Georgy Muradov, had already revealed the Crimean government’s…
DeFi sparks new investments despite turbulent market: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week.The prolonged crypto winter aided by the collapse of FTX has kept investors from backing a new protocol that merges DeFi and the foreign exchange market. A new Cosmos blockchain-based…
JPMorgan says BTC’s ‘fair price’ is $35K… but it still expects crypto to ‘outperform’
Investment bank strategists say that BTC could climb as high as $73,000 if markets remain frothy. 1728 Total views 21 Total shares American multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for.In a report to investors as part of the bank’s inaugural…
Turkish crypto exchange Thodex CEO gets 11,000-year sentence for $2B scam: Report
The Thodex founder fled the country in 2021 only to be detained in Albania in August 2022 and extradited to Türkiye in April 2023. 238 Total views 4 Total shares The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of
Fed, oil and record hash rate: 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week in uncertain territory as $10,000 stays in place but fundamentals shift to bullish.Cointelegraph highlights five things that could shape BTC price action in the coming days.Peak oil demand was in 2019In what will likely become a frequently-quoted announcement, oil giant BP said this weekend that the world has hit…
Stablecoins are a critical countermeasure to Operation Chokepoint
Boosting financial inclusion is one of crypto’s strongest value propositions. Yet, ironically, the banking crisis has effectively de-banked the crypto industry itself, at least in the United States.How things panned out with Silvergate, Silicon Valley Bank and Signature — the three crypto-friendly U.S. banks — reeks of what Nic Carter called “Operation Chokepoint 2.0.” There’s…
Bitcoin miner TeraWulf is open to merger but not for ‘empire building’
Expanding the number of Bitcoin machines or facilities “makes no sense” if profitability margins don’t increase, TeraWulf’s Kerri Langlais stressed.
Meme tokens and dogcoins flood the market as price wars heat up
Meme tokens and dogcoins have been an integral part of the ongoing market-wide bull run in the cryptocurrency markets. Among the plethora of these tokens that have been flooding the market, two of these tokens, the longer-standing memecoin Dogecoin (DOGE) and Shiba Inu (SHIB), have gained the most traction and popularity.Most recently, SHIB started rallying…