Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens
Pump Science partially blamed Solana-based software firm BuilderZ for leaving the private key to the dev wallet address on GitHub for the public to see.
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Bitcoin faces ‘endless spot selling’ as BTC price dips below $28.7K
Bitcoin (BTC) fell below $28,700 after the Aug. 7 Wall Street open as “endless spot selling” drove BTC price action lower.BTC/USD 1-hour chart. Source: TradingViewBitcoin traders brace for losses as $29,000 support breaksData from Cointelegraph Markets Pro and TradingView showed BTC/USD returning nearer to its August lows after a shaky weekly close.The start of United…

SEC crypto trading roundtable to include crypto giants Uniswap, Coinbase
The US Securities and Exchange Commission has released the list of executives from US crypto and finance giants that will take part in a roundtable discussion on crypto trading regulation. On April 7, the regulator said its upcoming April 11 roundtable will discuss how it should handle crypto trading rules, calling it “Between a Block

Ripple’s Sarbhai: Regulators No Longer Take the ‘Blockchain Good, Crypto Bad’ Approach
Ripple’s Sagar Sarbhai has said he believes that blockchain technology and crypto assets are now being tackled more holistically by policymakers, in an interview on CNBC Markets today, September 17.Sarbhai, who is head of regulatory relations for Asia-Pacific and the Middle East at Ripple, said he thinks that regulators are no longer taking a compartmentalized…

Coinbase CEO Suggests Dodging ‘Mean, Snarky’ Media
Coinbase CEO Brian Armstrong is one of many crypto executives who prefers writing a blog to answering questions from mainstream journalists. 786 Total views 21 Total shares Coinbase chief executive Brian Armstrong says that company leaders are increasingly opting to avoid mainstream journalists by speaking directly to audiences on unmediated social media platforms.“Our customers are…

CME Asks CFTC to Double Bitcoin Futures Capacity as Interest Soars
The Chicago Mercantile Exchange (CME) Group is petitioning United States regulators to allow its clients to double their open Bitcoin futures positions.Double open positions limit, says CMEAccording to Nasdaq on Sept. 12, CME has already put its plans before the Commodity Futures Trading Commission (CFTC). If successful, each investor would gain a monthly limit of 2,000…

General Motors Files Patent for a Blockchain-Based Navigation Map
Major car manufacturer, General Motors, or GM, has filed a patent application for a continuously updating navigation map system. The system would use blockchain to integrate data from vehicle sensors and build a reliable map for autonomous vehicles.According to the filing, which was submitted on Oct. 1, 2018 and published on April 2, 2020, existing…

Crypto scams set for biggest year ever due to AI: Chainalysis
Generative AI is making scams more scalable and affordable for bad actors to conduct, making them more sophisticated as they leverage the new technology.

Cool green mayor giving a grand in Bitcoin to each resident
Cool Valley, Missouri, a small town of about 1,500 in the St. Louis County area, found itself the subject of international attention recently after its mayor, Jayson Stewart, announced that he planned to give each resident up to $1,000 in Bitcoin. Stewart, a passionate environmentalist who spent years cleaning up the world’s oceans and ran on…