Karma served: Pink Drainer gets hit with address poisoning scam
“The scammers have been scammed” — notorious crypto-draining took kit just lost 10 ETH to a wallet poisoning attack.
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Germany: Crypto Businesses will Require a BaFin License Next Year
Starting next year, new Anti-Money Laundering (AML) regulations will require German cryptocurrency businesses to hold a Federal Financial Supervisory Authority (BaFin)-issued license, Cointelegraph Deutschland reported on July 24.Possible innovation obstructionPer the report, the new regulations will require cryptocurrency-related businesses such as exchanges and wallet providers to be licensed by BaFin and comply with AML regulation,…
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Sharp Bitcoin price move brewing as BTC volatility falls to a 16-month low
Bitcoin (BTC) options aggregate open interest has increased to $2 billion, which is 13% below the all-time high. Although the open interest is still heavily concentrated on Deribit exchange, the Chicago Mercantile Exchange (CME) has also reached $300 million.In simple terms, options derivatives contracts allow investors to buy protection, either from the upside (call options)…
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Pre-ETF BTC price ‘crash’ or $150K in 2025? Bitcoin forecasts diverge
Bitcoin (BTC) will “most likely” see a serious price drawdown before a key date for institutional investors dawns, says gold bug Peter Schiff.In recent X activity, the longtime Bitcoin skeptic sounded the alarm over recent BTC price gains.Schiff bets on a BTC price "crash" before ETF launchesBitcoin is a favoirte topic of criticism for Peter
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Mexico confirms plans to roll out CBDCs in 2024
New technologies and a next-generation payment infrastructure would help Mexico become more financially inclusive. 349 Total views 41 Total shares Mexico has announced that it would introduce a new national central bank digital currency (CBDC) in 2024, according to a tweet posted on Thursday. The tweet by an account representing the Mexican presidency highlighted that…
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Decentralization in the centers of power: Learn crypto from Biden’s SEC chair pick, part 3/3
This is the third article in a three-part series based on Gary Gensler's extensive prior public statements on crypto. Here are parts 1 and 2.Cointelegraph has been busily digging through a treasure trove of likely future Chairman of the Securities and Exchange Commission Gary Gensler’s thoughts on crypto, especially from a series of lectures he…
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DeFi boom leaves former altcoin darlings in the dust — But for how long?
The rapid popularity and investment growth observed in the Decentralized Finance (DeFi) sector has reflected heavily on the price charts with DeFi and yield-related tokens like Yearn.finance (YFI), Aave (LEND), and others rallying to their all-time highs in 2020. YFI alone has surged 10x since listing.In fact, most high-profile DeFi-related tokens have outperformed Bitcoin (BTC)…
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Ethereum’s ‘consensus layer’ contract hits 10M ETH staked
The migration to the proof-of-stake consensus appears to be progressing well by all numerical accounts, potentially signifying an anticipatory demand for the network's long-awaited upgrade. 423 Total views 13 Total shares Quantitative analysis conducted on popular blockchain site Etherscan indicates that 184,441 transactions have been responsible for 10.2 million Ether (ETH) staked into the Eth2 (consensus layer)…
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Crypto VC Polychain Capital confirms founder’s X account hacked
Polychain Capital is urging users to stay away from the X account of its founder, Olaf Carlson-Wee, as it is posting phishing links. Crypto venture capital firm Polychain Capital has confirmed the X (formerly Twitter) account of its founder and CEO Olaf Carlson-Wee has been compromised, with the hacker posting phishing links disguised as a