Gensler grilled as most ‘destructive’ SEC chair before congressional hearing

September 24, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

SEC Chair Gary Gensler has taken heat from lawmakers and members of his own agency during a House Financial Services Committee hearing over his handling of crypto regulation in the United States.

The Lightning Network is susceptible to attacks that could drain Bitcoin wallets by flooding the blockchain. 2101 Total views 65 Total shares A study published on June 29 revealed a way to drain Bitcoin (BTC) wallets’ funds on the Lightning Network by exploiting a bottleneck in the system.According to the “Flood & Loot: A Systemic…

CFTC chair’s final message includes a call for crypto guardrails

In what he said would be his last remarks as CFTC chair, Rostin Behnam said he intended to advocate for the commission to address regulatory challenges over digital assets.

IBM Launches Blockchain Food Tracking Network, Joined by Retail Giant Carrefour

U.S. tech giant IBM has officially launched its blockchain-based food tracking network, Food Trust, after 18 months of testing, the company revealed in a press-release Monday, October 8.In the same announcement, the corporation revealed that another major food retailer Carrefour is joining their ecosystem. The France-based company that operates more than 12 thousands stores in…

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US regulator fines crypto fund $150K for illicit Bitcoin loan

It’s part of the fallout from the industry-wide liquidity crunch triggered by FTX in 2022.

Bitcoin futures break $50K: Why BTC price is primed for another leg up

The price of Bitcoin (BTC) surpassed $50,000 for the first time in history across major futures exchanges, including Binance Futures.However, on spot exchanges, like Coinbase and Binance, the price of Bitcoin rejected closely below $50,000.BTC/USD 1-hour candle chart (Binance Futures). Source: TradingviewWhy more upside is likelyOn Feb. 16, the price of Bitcoin reached as high…

Updated: Coinbase UK Agrees to Return 80 BTC to Victim of Email Phishing Attack

Updated: Sept. 12, 11:30 PM UTC: Upon contacting the lawyers in the case, Cointelegraph has clarified that Coinbase had not settled in the case, but rather agreed to facilitate a transfer of funds from a hacker to the hacking victim. The article has been corrected accordingly.The United Kingdom arm of cryptocurrency exchange Coinbase has agreed…

Bilaxy exchange suspends website after ERC-20 hot wallet hack

Bilaxy cryptocurrency exchange is yet to announce the value of funds lost to a hacking incident that occurred on Aug 28. 772 Total views 220 Total shares Bilaxy, a lesser-known cryptocurrency exchange, has confirmed a major hacking incident, reporting losses of funds due to an exploit of the platform’s ERC-20 hot wallet.Bilaxy announced on its…

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