SEC charges siblings over $60M Ponzi touting a crypto trading bot
The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.
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BNB Chain faces $80K Bitcoin exploit. White hat hacker or ongoing exploit?
Certain on-chain signs point to a potential white hat, or ethical hacker, looking for blockchain vulnerabilities.
Cryptosat’s first nanosatellite blasts off Wednesday on SpaceX rocket
If all goes to plan Wednesday’s SpaceX rocket launch in Florida will blast a “crypto-satellite” into low Earth orbit, paving the way for secure blockchain-related cryptography in spaceCryptosat, as the name hints, is the company which created “Crypto1”, a crypto-satellite module hitching a ride aboard a Falcon 9 rocket for SpaceX’s Transporter 5 mission. The…
Algorand Announces $43 Mln Grants Program to Foster ‘Borderless Economy’
The Algorand Foundation announced a 250 million ALGO (roughly $43 million) grants program to foster development on the Algorand blockchain on April 14.Cointelegraph spoke to Fangfang Chen, the Algorand Foundation’s head of operations, to find out more about the program.Algorand launches $43 million grants programThe funds will be allocated to “qualified investors across four major…
Ethereum at the center of centralization debate as SEC lays claim
Ethereum went through a key network upgrade on Sept. 15, shifting from its proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The key upgrade is dubbed the Merge. The Merge was slated as a critical change for the Ethereum network that would make it more energy efficient, with later improvements to scalability and decentralization to…
Bitcoin SV Rivals VISA for Transactions Claims Bitcoin Association
The Bitcoin Association, which promotes Bitcoin SV, says the BSV network now rivals credit card processor VISA in terms of transactions per second. It also claims BSV transaction processors (miners) receive “better returns” than on BTC.In its first annual report, the Bitcoin Association (BA) said the Bitcoin SV scaling test network had “consistently sustained 1,300 transactions…
Australia’s Blockchain Roadmap Isn’t Music to Everyone’s Ears, Draws Criticism
So far, 2020 has been a year of cryptocurrency regulation: The European Union, the United Kingdom and Singapore have officially introduced their approaches to the burgeoning industry. Now, Australia has published its national roadmap, hoping to become a global blockchain leader. Last Friday, Australia's Department of Industry, Science, Energy and Resources launched the national blockchain roadmap…
Bitcoin ‘overreacting’ as SEC returns ETF filings, BTC price dives 6%
Bitcoin (BTC) fell below $30,000 after the June 30 Wall Street open as markets panicked over the fate of its first spot exchange-traded funds (ETFs).BTC/USD 1-hour chart. Source: TradingViewBureaucratic error may explain Bitcoin ETF filing hiccupData from Cointelegraph Markets Pro and TradingView showed BTC price action hurtling downward, briefly reaching $29,500.The volatility accompanied a report that…
Caroline Ellison asks for time served, citing cooperation with US gov’t
The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022.