Crypto news
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Cryptocurrency
The True Account of the 120,000 Bitcoin Heist
The 2016 Bitfinex Hack: A Confession In a significant development, Ilya Lichtenstein has made his first public statement since his arrest in 2022, admitting his role as the hacker behind the infamous 2016 Bitfinex breach. This admission was made through a video shared on X, where Lichtenstein categorically denied any involvement of his father or any spy agency in the hack. His statement comes as part of his ongoing effort…
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Cryptocurrency
The True Account of the 120,000 Bitcoin Heist
In a significant update to the infamous 2016 Bitfinex hack, Ilya Lichtenstein has made his first public statement since his arrest in 2022. Lichtenstein, who has pleaded guilty and is currently serving a five-year prison sentence, openly admitted to being the hacker behind the massive cryptocurrency theft. In a recent video shared on the platform X, he emphasized that he acted alone and dismissed any involvement of his father or…
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Cryptocurrency
Two Major US Bitcoin Miners Purchase $2 Billion in BTC: Report
Major Bitcoin Mining Firms Make Strategic Investments In a recent and notable development within the cryptocurrency market, two major Bitcoin mining companies in the United States—Marathon Digital Holdings (MARA) and Hut 8 (HUT)—have made substantial investments in Bitcoin (BTC) amid a market downturn. On December 19, 2024, both companies announced their significant acquisitions via posts on X, previously known as Twitter. MARA Holdings revealed a purchase of 15,574 BTC valued…
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Cryptocurrency
Two Major US Bitcoin Mining Firms Secure $2 Billion in BTC: Report
In a strategic move amidst a recent downturn in the cryptocurrency market, two major publicly listed Bitcoin mining firms in the United States, Marathon Digital Holdings (MARA) and Hut 8 (HUT), have made substantial investments in Bitcoin (BTC). On December 19, 2024, both companies took to X (formerly Twitter) to announce their significant purchases of Bitcoin, with MARA acquiring 15,574 BTC valued at approximately $1.53 billion, and Hut 8 acquiring…
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Cryptocurrency
ADA Bears Aim for $0.64 Following a 14% Price Decline
In recent trading sessions, Cardano’s ADA has experienced a notable decline, currently down by over five percent, with its price dipping below the critical $1 threshold. Over the past week, the cryptocurrency has seen a decrease exceeding 14 percent. Although the ADA chart indicates a minor correction, significant changes have yet to materialize, leaving investors pondering the market’s future direction. Understanding the Current Market Waves The prevailing question for investors…
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Cryptocurrency
ADA Bears Aim for $0.64 Following 14% Price Decline
Cardano’s ADA has been experiencing a significant downturn, dropping by over five percent and trading below the pivotal $1 threshold. In the past week, the cryptocurrency has decreased by more than 14 percent, indicating a minor correction on the charts without any substantial shifts in the overall market dynamics. Are We in the Fourth Wave of a Larger Correction? The pressing question for investors and analysts is whether the market…
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Cryptocurrency
Binance.US Plans to Restart USD Services in Early 2025, Expecting Supportive Regulatory Environment
In an exciting turn of events, Binance.US has announced its intention to resume USD services in early 2025, anticipating favorable changes in U.S. cryptocurrency regulations. The exchange had previously suspended its fiat operations in 2023 due to mounting regulatory pressures and allegations from the Securities and Exchange Commission (SEC). Interim CEO Norman Reed highlighted the significant impact of the current SEC administration on American consumers and the crypto industry, including…
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Cryptocurrency
Binance.US Plans to Restart USD Services in Early 2025, Hoping for Supportive Regulations
In a strategic move set to reshape its operations, Binance.US is planning to reinstate USD services by early 2025, aligning with expected shifts in U.S. cryptocurrency regulations. The prominent exchange had previously suspended its fiat operations in 2023 due to mounting regulatory scrutiny and claims from the Securities and Exchange Commission (SEC). Unpacking the SEC’s Regulatory Challenges The challenges faced by Binance.US were amplified in June 2023 when the SEC…
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Cryptocurrency
Gensler’s Unexpected Promotions Stir Speculation on Ripple Case Result
Introduction to Gensler’s Strategic Reshaping In recent developments within the Securities and Exchange Commission (SEC), Chair Gary Gensler has been subtly yet strategically reshaping the organization’s Enforcement Division. This transformation has involved promoting five senior officers, many of whom have been instrumental in the SEC’s enforcement actions related to cryptocurrency. Unlike typical promotions that span several years and are usually accompanied by public announcements, these changes were implemented quietly, sparking…
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Cryptocurrency
Gensler’s Late Promotions Spark Curiosity Over Ripple Case Verdict
In recent developments, SEC Chair Gary Gensler has been quietly orchestrating significant changes within the SEC Enforcement Division. This transformation involves the promotion of five senior officers, several of whom have played pivotal roles in crypto-related enforcement activities. These strategic promotions, typically spread out over several years, have been executed discreetly, prompting speculation about their timing and underlying motivations. The Implications of Gensler’s Promotions John Reed Stark, a noted crypto-skeptic…
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