Author: CryptoHoppers

Key Takeaways Circle accused of profiting from transactions linked to North Korea’s Lazarus Group. Lazarus Group allegedly laundered $200 million into stablecoins from 2020 to 2023. Share this article Circle, the company behind the USDC stablecoin, faces criticism from blockchain investigator ZachXBT for its delayed response to blacklisting funds associated with the North Korean hacking group Lazarus.ZachXBT alleges that Circle took over four months longer than other major stablecoin issuers to blacklist addresses linked to the Lazarus Group. The investigator claims this delay allowed Circle to profit from transactions associated with the notorious hacking group, which has been implicated in…

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue, Brazilian police dismantle $9.7 billion crypto laundering rings, Brazil uses an artificial intelligence (AI) tool to detect tax fraud linked to cryptocurrency, and Latam’s neobank Nubank halts trading of its coin. Operation Niflheim: […] Source link

MicroStrategy, the largest publicly traded corporate holder of Bitcoin, announced on Thursday, September 12, 2024, that it had acquired additional BTC. Moreover, Executive Chairman Michael Saylor spotlighted the development in a post on X. This acquisition could provide a much-needed push to the Bitcoin price which is currently struggling below the $58,000 mark. MicroStrategy Acquires More Bitcoin In the recent purchase, MicroStrategy acquired 18,300 BTC, according to a Form 8K filing today. The purchase was made at an average price of $60,408 per BTC, amounting to approximately $1.11 billion. This acquisition brings the company’s total Bitcoin holdings to 244,800 BTC, acquired…

At least 19 startups raised venture capital funds over the past seven days, with the largest round going to Huma Finance, a tokenized real-world assets platform. Huma announced on Sept. 11 that it received $38 million in a fund-raising effort led by Distributed Global. Hashkey Capital, the Stellar Foundation, Folius Ventures, and Turkish private bank İşbank also participated. The company plans to use the $10 million in equity financing and $28 million via yield-bearing RWAs to expand its PayFi network globally. It also plans to go live on Solana (SOL) and Stellar (XLM)’s smart contracts network in coming months. This…

Key Takeaways US Bitcoin ETFs experienced the largest inflow since late July with over $263 million in a single day. Bitcoin’s price increase coincides with huge ETF investments, peaking over $60,000. Share this article Inflows into US spot Bitcoin exchange-traded funds surged on Friday, with net buying topping $263 million, the largest single-day inflow since July 22. The strong performance returned on a day that saw Bitcoin jump above $60,000, registering a 12% increase in a week, per TradingView.According to data from Farside Investors, investors poured around $102 million into Fidelity’s Bitcoin (FBTC), bringing the fund’s weekly gains to approximately…

Regina never thought she’d be writing about games again, let alone Web3 games. But she was given the opportunity to lead a new recurring Web3 gaming segment. She is live streaming her adventure For her first game, Regina became fully immersed in the world of Spellborne — a Web3 game that has reignited her love […] Source link

Six-time NBA champion Scottie Pippen is again hogging the headlines, this time for being very bullish on Bitcoin. On Wednesday, the Chicago Bulls star Pippen took to his more-than-674,400 X (previously Twitter) followers and said: “Bullish on Bitcoin” with the hashtag #BeLikeSatoshi. Since then, this has become a hot topic of discussion among his supporters within the cryptocurrency sphere. Pippen’s Bitcoin Dream And Price Predictions What is even more interesting in Pippen’s statements are the fact that he related them to Satoshi Nakamoto, the pseudonymous founder of Bitcoin. In the earlier tweet, Pippen seemed to have claimed that in one…

The core team members of Vega Protocol have decided to shut down its L1 blockchain after the community governance consensus agreed to it. Users have now been asked to withdraw $VEGA until 27 October. Vega, a Layer 1 blockchain for derivatives trading and its associated token, VEGA which is currently trading at $0.0617, could not manage to find any traction as an app chain causing its shut down. VEGA had seen a year-to-date decline of around 94.46%. Barney Mannerings, co-founder of Vega Protocol stated, “While we’re proud of the software we’ve built, the chain and token have not seen the…

Key Takeaways Sam Bankman-Fried’s appeal criticizes the judge’s conduct during his fraud trial. The appeal argues customers may recover funds, challenging the loss narrative. Share this article Sam Bankman-Fried, the founder of collapsed crypto exchange FTX, has filed an appeal challenging his fraud conviction and 25-year prison sentence, alleging judicial bias and improper limitations on his defense.The 102-page appeal, filed Friday by Bankman-Fried’s lawyer Alexandra A.E. Shapiro, calls for a new trial and criticizes several rulings by US District Judge Lewis A. Kaplan that allegedly restricted the defendant’s ability to present evidence and mount an effective defense.“Sam Bankman-Fried was never…

Uniswap Labs CEO Hayden Abrams has refuted claims that the platform charges $20 million for protocol deployments, calling them “completely false.” Abrams, who said he rarely engages with individuals seeking attention, explained that protocol deployments typically follow a governance vote. He added that deployments are prioritized based on the activity and effort involved, but efforts […] Source link