Author: e_cash_top

[ad_1] Quick Take Bitcoin’s positive difficulty adjustment of 0.12% marks the 12th of 17 such changes this year, demonstrating its resilience in the face of fluctuating energy costs. Hash Rate: (Source: Glassnode) The positive adjustment comes at a time when Texas, a prominent hub of Bitcoin mining, grapples with soaring electricity prices resulting from an…

[ad_1] A class action complaint, recently filed on Aug. 7, implicates several venture capital firms, painting a grim picture of alleged gross financial mismanagement and deceptive practices. The plaintiffs, representing a class of impacted investors, allege that the group assured customers that their assets belonged solely to them and would not be transferred to FTX.…

[ad_1] The U.S. Federal Bureau of Investigation (FBI) warned that criminals were posing as Non-Fungible Token (NFT) developers in financial fraud schemes despite the declining number of NFT crimes and token thefts. The FBI stated that these malicious actors execute their schemes through a dual-pronged approach: either by infiltrating the social media profiles of authentic…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Authorities in India have apprehended the perpetrators behind a multi-million dollar cryptocurrency Ponzi scheme, as reported by The Indian Express on Aug. 8. The fraud involved a cryptocurrency project known as STA Crypto Token, which purported to leverage solar technologies and blockchain technology. According to the latest reports, the scam succeeded in stealing Rs…

[ad_1] What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS…

[ad_1] Quick Take A notable lack of volatility marks Bitcoin’s current cycle, as the leading cryptocurrency meanders below the $30,000 mark. In this phase, even minor price dips spur expectations of more significant falls, again bringing previous support levels into focus. However, investor optimism seems to emerge when it inches upwards, sparking calls for a…

[ad_1] U.S. prosecutors intend to seek a superseding indictment against FTX founder Sam Bankman-Fried in the week of Aug. 14 that will include the charge of conducting an illegal campaign finance scheme, according to a letter filed with the court on Aug. 8. The U.S. government intends to pursue seven charges against FTX founder Sam…

[ad_1] Ryan Salame once co-CEO at FTX‘s Bahamas subsidiary, FTX DM, is reportedly in talks with federal prosecutors that could see him plead guilty to criminal charges related to the collapse of the crypto exchange, Bloomberg reported on Aug. 8. Though Bloomberg described the negotiations underway as a plea deal, the news outlet said it…

[ad_1] The Federal Reserve Board announced on Aug. 8 the creation of the Novel Activities Supervision Program, a key initiative designed to oversee complex and rapidly advancing technologies within the banking sector, including those related to crypto-assets and blockchain technology. In a significant move aimed at aligning financial innovation with regulatory oversight, the program will…