Telegram Tech Promised In ICO Vulnerable to Attack, Researchers Say
Telegram has put out its first app since its ICO, but that identity play has security researchers reeling.
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Paystand Raises $20M to Be Blockchain-Based ‘Venmo’ for Commercial Payments
Paystand Raises $20M to Be Blockchain-Based ‘Venmo’ for Commercial PaymentsPaystand, a platform using blockchain tech to automate commercial payments, has raised $20 million in Series B funding. Backing the round are a number of VC firms including DNX Ventures, Battery Ventures, Epic Ventures, Commerce Ventures and Wildcat Ventures. Existing investors Leap Global Partners and BlueRun…
SEC Charges 18 Utah Defendants in $50M Crypto Fraud Scheme
The SEC announced Thursday it had obtained a temporary asset freeze and a restraining order against an alleged fraudulent scheme based in Utah to sell crypto to hundreds of U.S. investors that raised approximately $50 million.The SEC charged Draper, Utah-based DEBT Box, as well as the company’s four principals and 13 other defendants, with operating…
Huobi Expands Crypto Exchange to Argentina Amid Peso Devaluation
news Crypto exchange Huobi is expanding to Argentina as cryptocurrencies gain acceptance in the region as a hedge against the infamous inflationary peso. The company said in an announcement on Tuesday it has launched Huobi Argentina, a local exchange that will facilitate purchases of a range of cryptocurrencies with the Argentine peso. Huobi also plans…
Here’s What 3 Lawyers Have to Say About That Cryptic Tether Letter
As with any communication from Tether these days, a letter from Bahamas-based Deltec Bank has seemingly been parsed as closely as a passage from holy writ. Commentators on Twitter and elsewhere picked apart every one of its fewer-than-100 words, including the non-committal wisp of a signature – which inevitably became a meme and the subject of…
Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for ‘Wild Wednesday’ of FOMC, CPI Report
Cryptocurrencies tumbled deeper into correction on Tuesday with bitcoin (BTC) dipping to near $66,000 as traders brace for Wednesday's key U.S. inflation report and Federal Reserve meeting.Bitcoin (BTC) started the day trading near $70,000 before hitting a three-week low price at $66,170 during the U.S. session. It slightly rebounded to near $66,500, but was still
USBTC Aims to Become Bitcoin Mining Giant After Deal to Buy Celsius Assets
U.S. Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to a press release.The miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction for…
Texas Takedown: Nic Carter and David Hoffman Square Off for Karate Combat at Consensus
CoinDesk’s Consensus has seen plenty of heated blockchain battles over its ten year history. But 2024’s matchup in the Karate Combat Pit takes the dueling to a new level.Crypto influencers Nic Carter and David Hoffman are set to go toe-to-toe on May 30 during this year’s conference in Austin, Texas. “Influencer Fight Club 2” is
First Mover Asia: Crypto Market Is on ‘Standby’ as Release of June Inflation Data Nears
Good morning. Here’s what’s happening:Prices: What's going to move bitcoin away from $30,000?Insights: A freely convertible Chinese Yuan is a requirement for a CNY stablecoin. That's not going to happen anytime soon.Bitcoin is Looking at a 2024 Bull Market, But is $120,000 Realistic?As Asia opens for its trading day, bitcoin continues to maintain the $30,000…