The Enforcement Directorate (ED) in Ahmedabad has arrested a man named Shailesh Babulal Bhatt for allegedly kidnapping two employees of the shuttered BitConnect on August 13 and forcing them to hand over cryptocurrencies and cash. Bhatt, who was arrested under India’s Prevention of Money Laundering Act (PMLA), decided to kidnap two employees after losing money by investing in BitConnect Coin. Bhatt and his partner were found to have demanded a ransom (2,091 Bitcoins, 11,000 Litecoins, and $145 million Indian Rupees) to release the captives. According to a press release from the law enforcement agency, Bhatt allegedly gave his accomplices up…
Author: Crypto Flexs
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Tony Kim 19 Aug 2024 13:40 Rollup Coaster #29 delves into the latest rollups and zero-knowledge proof advancements on Ethereum, with insights from industry experts. Rollup Coaster, a bi-weekly newsletter, takes an in-depth look at the latest developments in the Ethereum ecosystem, focusing on rollups, zero-knowledge proofs, and more. The latest version, written by Taiko researcher Jünger, is now available, according to taiko.mirror.xyz. Highlights of the latest edition The newsletter covers several key topics, including: Shared Sequencer Discussion: Rushi criticizes shared sequencers, arguing that they are a B2B model, while Jill Gunter counters that…
Toncoin emerged as one of the best performing cryptocurrencies on August 19, surging by around 9% in the past 24 hours. This rally stands in stark contrast to the broader cryptocurrency market, which experienced a 3% drop over the same period. Total Crypto Market Capitalization vs. TON/USDT, Daily Performance Chart. Source: TradingViewTON price could rise 40% by September.The sharp rise in the price of Toncoin (TON) is the result of a technical breakout from a classic bump and run reversal (BARR) pattern.The BARR pattern that TON has been following closely in recent weeks typically begins with a lead-in phase, marked…
Company • August 19, 2024 7:49 AM EDT Posted 1 minute earlier ~ in Updated: August 19, 2024 7:55 AM EDT Analysts at research and brokerage firm Bernstein noted that investors are showing significant interest in Bitcoin miners and are shifting their attention to the artificial intelligence and high-performance computing (HPC) data center markets.“We are seeing significant investor interest in Bitcoin miners pursuing AI/HPC, and these same investors are questioning whether all miners should transition to AI,” Gautam Chhugani, Mahika Sapra and Sanskar Chindalia wrote in a note to clients on Monday.This operational shift is known as the “Mullet” strategy,…
BIP32 BIP32 is a standard for hierarchical deterministic (HD) wallets for Bitcoin.This means that it’s a way to generate a hierarchical, tree-like account structure of private and public keys, starting from a single “seed” key (or master private key). The advantage of using an HD wallet is that it allows you to generate a large number of separate accounts within a single wallet, and it’s easier to backup and restore your wallet. There is an improved version of this proposal, BIP44, that supports keys for multiple cryptocurrencies. BIP39 BIP39 is a standard for a mnemonic phrase (more widely known as…
Jessie A Ellis 19 Aug 2024 10:54 The Hong Kong Monetary Authority has warned the public about fraudulent websites and phishing emails impersonating Dasing Bank. The Hong Kong Monetary Authority (HKMA) has issued a warning to inform the public about fraudulent websites and phishing emails impersonating Dah Sing Bank, Limited, according to a press release from the bank. These fraudulent activities have been reported to the HKMA. Details of fraudulent activity The HKMA stressed that fraudulent websites and phishing emails aim to trick individuals into providing sensitive personal information under the guise of legitimate…
RUNE’s social dominance increased dramatically as its popularity grew. The token’s trading volume has also decreased along with its price over the past 24 hours. Thor Chain (Rune) Last week saw a remarkable performance with double-digit price gains. However, the scenario changed in the last 24 hours as the token chart turned red. Is this a short term price correction or will the token price fall further due to the downtrend? THORChain’s bullish week CoinMarketCap’s data It turns out that RUNE investors had a profitable week, as the token’s value soared by more than 25% during that period. However, a…
Bitcoin (BTC) has been lacking momentum this week, as BTC price predictions suggest the market is headed for a downward trend.With a highly anticipated weekend ending with a bitter result at the end of the week, BTC/USD is not providing much inspiration to traders already tired of range-bound moves.Sentiment is poor and while stocks have recovered from their early August crash, cryptocurrencies have yet to recover.What could shake things up?The U.S. Federal Reserve is in the spotlight at the annual Jackson Hole Symposium this week.Fed Chair Jerome Powell is set to speak about the current macroeconomic situation as traders look…
HashKey Group, an Asia-based digital asset financial services company, has partnered with CatizinFor future collaborations, including Telegram mini-games and potential HSK airdrop campaigns. HashKey will continue to Betting big on the TON ecosystem.In a statement shared with The Block, HashKey said the partnership will include “gamified experiences in digital finance, joint HSK airdrop campaigns, animal welfare and social responsibility initiatives.”Catizen, which launched earlier this year, has amassed more than 29 million users worldwide, with daily active users peaking at 3.5 million, the company says.“This collaboration marks a significant milestone for Catizen, enabling us to provide enhanced, compliant, and trustworthy digital…
According to data from Token Terminal, the Tron network has surpassed the Ethereum network in revenue over the past 90 days, with fee income reaching approximately $435 million, while Ethereum’s fee income was approximately $364 million.Tron founder Justin Sun highlighted the blockchain network’s 30-day earnings performance, which according to the Tron founder “exceeded Ethereum’s protocol earnings by 50%.” Sun offered forward-looking guidance for Tron.“If this trend continues, Tron’s protocol revenue could surpass $2 billion this year, making it the most profitable blockchain on the planet!”USDT (USDT) payments on the Tron network surged to nearly a third of the total payment…