Author: Atis. Sh

Content Writer & Crypto Enthusiast

Netflix’s latest comedy special, “The Greatest Roast of All Time,” delivered an evening of laughter and light-hearted jabs, but not all jokes landed smoothly, especially for football legend Tom Brady. Amid the comedic spectacle, Nikki Glaser’s sharp commentary on Brady’s unfortunate cryptocurrency investments, particularly with the now-defunct FTX, struck a chord that resonated beyond mere humor. During the event, Glaser, known for her incisive and daring humor, targeted Brady’s financial woes, saying, “Tom, how did you fall for that?” echoing a sentiment shared by fellow athlete and friend Rob Gronkowski, who humorously remarked about Brady losing $30 million in crypto.…

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Bitcoin miners have recently found a silver lining in terms of revenue. Despite facing a significant reduction in block rewards due to the fourth Bitcoin halving event—which slashed rewards by 50%—miners are witnessing a notable upturn in their revenue streams, thanks to the burgeoning development of decentralized applications (DApps) on the Bitcoin blockchain. The renaissance in miner income is largely attributed to innovative token protocols like Ordinals and Runes, which have introduced a new layer of utility to the Bitcoin network. By enabling the creation of both fungible and non-fungible tokens directly on Bitcoin’s blockchain, these protocols have significantly increased…

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Coinbase, a titan in the cryptocurrency exchange arena, is grappling with a significant legal hurdle as it faces a class action lawsuit. This legal challenge stems from accusations that the exchange sold digital tokens—specifically SOL, MATIC, and NEAR—alleged to qualify as securities, thereby breaching certain state laws. This lawsuit, lodged in the United States District Court for the Northern District of California, San Francisco Division, is not just a routine litigation. Its ramifications are poised to possibly reshape the cryptocurrency industry’s regulatory environment. The Nature of the Accusations The plaintiffs, originating from California and Florida, contend that Coinbase engaged in…

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Dutch financial crime investigators have arrested a 26-year-old man, a member of the ZKasino team, on charges of fraud, embezzlement, and money laundering. The arrest took place on Monday, as part of an investigation into what is suspected to be a rug pull scheme involving the Web3 gambling network ZKasino. The Fiscal Information and Investigation Service of the Netherlands (FIOD) conducted a thorough search of the suspect’s residence, confiscating both physical and digital evidence. Assets seized in the raid included real estate and various forms of cryptocurrency, amounting to a total value of approximately 11.4 million euros ($12.2 million). This…

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The cryptocurrency exchange Bitfinex has recently been targeted by allegations from the ransomware group F Society, which claims to have breached their security systems. According to the group, they accessed 2.5 terabytes of sensitive data, including the personal details of approximately 400,000 Bitfinex users. Despite these serious claims, Bitfinex’s top officials, including Tether CEO and Bitfinex CTO Paolo Ardoino, strongly deny any such security breach has occurred. Official Responses and Security Analysis In response, Paolo Ardoino has actively addressed the community, stating that their investigations have found no evidence of a breach. He clarified that Bitfinex’s security systems do not…

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Vodafone, headquartered in the United Kingdom, is setting its sights on integrating blockchain technology with smartphone technology. The telecom giant is working on a new initiative to embed cryptocurrency wallets into subscriber identity module (SIM) cards, aiming to revolutionize how users interact with digital currencies. The project is part of a broader financial strategy, where Vodafone Idea Ltd., an associate firm based in India in which Vodafone Group holds a 45% share, plans to manage nearly $3 billion in debt. This financial maneuver includes securing $1.8 billion through loans over the coming two years. Vodafone’s Blockchain Vision David Palmer, the…

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The aftermath of FTX’s collapse has seen its former executives follow vastly different paths. Patrick Gruhn, once at the helm of FTX Europe, captured attention with a notable purchase. In contrast, Ryan Salame, the ex-co-chief executive of FTX Digital Markets, faced more somber consequences, relinquishing a multimillion-dollar Bahamian property. Legal Troubles and Asset Liquidation for Ryan Salame Ryan Salame faced a starkly different scenario. His involvement in legal issues led to his surrendering a $5.9 million property in the Bahamas as part of his restitution obligations following a guilty plea to fraud and conspiracy charges. Released on a $1 million…

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OpenAI, a frontrunner in the artificial intelligence industry, is reportedly developing a new search engine that could rival Google, the long-standing leader in web search. This development is based on emerging rumors and alleged insider leaks that suggest OpenAI is venturing into Google’s domain of web searching. Speculation began to gain traction in February when The Information reported that OpenAI was working on a search application targeting Google’s primary area of expertise. This move would mark a significant shift from OpenAI’s existing partnership with Microsoft, which integrates Bing’s web search capabilities into ChatGPT, enhancing the chatbot’s responses with real-time data.…

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Brad Garlinghouse, the CEO of Ripple, recently defended the status of Ethereum (ETH) and Ripple (XRP) amidst growing regulatory scrutiny. Speaking at the XRP Las Vegas 2024 event, Garlinghouse criticized the U.S. Securities and Exchange Commission’s (SEC) handling of cryptocurrency regulation, particularly its approach to Ethereum and Ripple. During a fireside chat moderated by Michael Arrington, founder of Arrington Capital, Garlinghouse responded to comments made by MicroStrategy CEO Michael Saylor, who has labeled ETH and other major cryptocurrencies as unregistered securities. Contrasting Saylor’s views, Garlinghouse, who has consistently supported Ethereum, highlighted Ripple’s legal victory where a judge ruled that XRP…

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Charles Hoskinson, the founder of Cardano, has responded to Michael Saylor, the chairman of MicroStrategy, in regards to the regulatory future of multiple cryptocurrencies, among which were Ethereum, XRP, and ADA. During his speech at MicroStrategy World 2024, Saylor had predicted that U.S. Led by fresh leadership in Gary Gensler, who assumed the role of head of the US Securities and Exchange Commission this year, summer may see the commission finally make a decision that has faced it for years and classify Ether (ETH) and other leading cryptocurrencies as unregistered securities. Saylor, a popular Bitcoin maximalist, expressed pessimism for the…

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