Donald Trump has promised to release Silk Road founder Ross Ulbricht if he is re-elected in November's election.
Known as the first modern darknet market with a payment system based on Bitcoin, Silk Road was launched in 2011 and was operated by Ulbricht from his personal laptop.
Ulbricht was convicted in 2015 and sentenced to two life terms plus forty years in prison with no possibility of parole.
The underlying memecoin Normie was hacked and its price dropped more than 99% within a minute, dropping its market cap from $41.87 million to $34.86 thousand. The attacker exploited a loophole in the contract's tax mechanism to conduct a rapid credit attack.
Hong Kong police arrested local internet celebrity Joseph Lam Chok for promoting JPEX, a rugpull crypto exchange that stole over HK$34 million ($4.3 million) from users after he halted trading and abandoned his booth at the Token2049 event on the second day
➖ Lately, they are trying every way and every tactic to defraud people. Be careful not to fall into the trap, so do your own research and trust only yourself.
⚫ Coinbase disables new user registrations in India ⚫ PayPal launches crypto-to-USD conversion ⚫ US tops Bitcoin holders in government, India leads world in crypto adoption, and Hong Kong is best for crypto business location ⚫ TON Space wallet launches on Telegram and Telegram partners with TON Foundation ⚫ CoinEx and ENS are hacked ⚫ Telo News team joins TOKEN2049 ⚫ Russia may legalize DeFi and help North Korea with money laundering ⚫ Huobi's brand was changed to HTX ⚫ US banks reached record unrealized losses in securities ⚫ Biden wants to impose a 25 percent tax on billionaires ⚫ Huobi employee created trojan virus for iToken users
VanEck, an investment company with an AUM (Assets Under Management) value of $77.8 billion, prepared a report titled "Investment Case for Bitcoin". The main ideas of this report include:
⚫ A limited supply of Bitcoin creates scarcity and can increase in value over time ⚫ Bitcoin halving is often associated with extraordinary profits ⚫ Previous cycles have shown that Bitcoin could strengthen before and after the next halving ⚫ Bitcoin adoption continues ⚫ Bitcoin with Nasdaq correlation has dropped significantly ⚫ Average investor portfolio sees increased returns from small Bitcoin allocations VanEck notes: ⚫ ETFs hold $21.1 billion of BTC ⚫ $11.7 billion of BTC is held by various countries ⚫ $11.1 of BTC billion dollars are held by private companies ⚫ 6.1 billion dollars of BTC are held by public companies
Toncoin has been one of the top performers over the past week following the announcement of its partnership with messaging giant Telegram. The price of Toncoin has experienced a significant increase of 13.68% and is priced at $2.23 at the time of writing. This latest price move follows a period of strong growth for Toncoin, which saw a notable increase of 24.69% in the past week and 54.69% in the past month.
Vitalik Buterin's X account was hacked earlier today. The hackers posted a phishing link promoting a scam NFT and as a result, they stole almost $700k, including some valuable CryptoPunk NFTs. The tweet was removed after 25 minutes.
The latest Stake.сom hack was the 5th biggest crypto hack of 2023. The top 10 biggest hacks of 2023 are as follows:
1. Euler Finance: $197 million (March 13)
2. Multichain: $126 million (July 7)
3. Atomic Wallet: $100 million (June 3)
4. Curve Finance: $61.7 million (July 30)
5. Stake.com: $41.3 million (September 4)
6. CoinsPaid: $37.3 million (July 22)
7. Bitrue: $23 million (April 14)
8. GDAC: $13.9 million (April 8)
9. Yearn: $11.5 million (April 13)
10. MyAlgo: $9.2 million (February 27)
As of today, the total value in the crypto industry in 2023 is 735 million $69 hacks took place. The top 10 account for about 84% of the total value stolen.
Three months into the year, 2023 looks set to be a better year than 2022, when hackers stole more than $3.2 billion through 60 hacks.
The IMF and FSB published a joint document containing crypto policy recommendations. In particular, the article noted:
⚫ Stablecoins created to hold a fixed value can suddenly become volatile and pose significant risks to financial stability.
⚫ While the processes used to provide DeFi services differ from traditional financial platforms, DeFi “does not differ significantly from the traditional financial system in terms of the functions it performs.”
⚫ While DeFi attempts to replicate some functions of the traditional financial system, it can increase and inherit risks and vulnerabilities in traditional systems.
This chart shows the historical percentage of Bitcoin's positive and negative returns from 2014 to the present. It will be interesting to note that historically September has not been a great month for Bitcoin, with only two positive monthly returns over the past nine years.
Former Celsius CEO Alex Mashinsky's banking and real estate assets have been frozen pending the criminal case against him. There are accounts at Goldman Sachs and Merrill Lynch under the name of holding companies, as well as accounts under Mashinsky's name at First Republic Securities, SoFi Bank and SoFi Securities. His estate in Austin, Texas was also included in the decision.