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It is reported that an investigation centered on Monero led to the arrest of the suspected mastermind of a 100 million yen credit card fraud for the first time in Japan. A joint investigation by the National Police Agency's Cyber Special Investigation Department led to the arrest of the mastermind on suspicion of profiting from the stolen credit cards, and the amount of damage exceeded 100 million yen, Nikkei Asia reported. On October 21, the group allegedly used Monero (XMR) to launder proceeds from its operations, according to the report. Investigators tracked the flow of Monero, marking the first successful…
Coinbase CEO Brian Armstrong and billionaire Elon Musk are trying to unseat Sen. Elizabeth Warren from the Massachusetts House of Representatives, says pro-crypto lawyer John Deaton. joins a growing list of celebrities who support .On October 21, Armstrong took to social media platform X (formerly known as Twitter) to appeal to crypto holders in Massachusetts to support Deaton. He criticized Warren's role in appointing Gary Gensler as SEC chairman and accused her of supporting efforts to dismantle the U.S. cryptocurrency industry.He wrote:“Cryptocurrency holders in Massachusetts should be aware that it was Sen Warren who gave Gary Gensler the job and…
Ethereum co-founder Vitalik Buterin shared his insights on the next upgrade in Ethereum’s technology roadmap, “The Scourge.” This aims to fix issues surrounding centralization concerns in Ethereum staking and block production. Buterin proposed several fixes for these shortcomings faced by layer 1 blockchains. The Ethereum disaster of reducing PoS centralization Following Ethereum's merge upgrade in late 2022, the smart contract blockchain moved from a proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model. This allows ETH holders to stake their holdings for additional rewards, block production, and network security. Although this feature has benefited the ecosystem, Buterin highlighted that the…
Cover image (via www.freepik.com) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe that all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Chinese crypto journalist and blogger Colin Wu shares the news that Japanese police have successfully identified and…
(Bloomberg) — Bitcoin rose to nearly $70,000 on Monday, buoyed by a surge in exchange-traded fund flows into the largest digital asset and optimism about the U.S. regulatory outlook.Most Read Articles on BloombergThe cryptocurrency rose 1%, netting gains to trade at $68,252 as of 8:32 a.m. in New York. Smaller tokens such as Ether in second place and Solana in the top 10 coins fluctuated within a narrow range.U.S. Spot Bitcoin ETFs attracted about $2.4 billion in net inflows in the six days ending Oct. 18, according to data compiled by Bloomberg, the latest in the wake of U.S. crypto…
Regulators around the world are stepping up their efforts against Bitcoin, with researchers at the Federal Reserve Bank of Minneapolis and economists at the European Central Bank (ECB) making bold recommendations to “keep out” major cryptocurrencies.Fed proposes ban on BitcoinOn October 17, researchers at the Federal Reserve Bank of Minneapolis published a paper suggesting that banning Bitcoin and imposing additional taxes could allow governments to maintain persistent budget deficits.A primary budget deficit occurs when government expenditures, excluding interest payments on existing debt, exceed revenue. The paper emphasized the concept of a “permanent'' primary budget deficit, in which the government intentionally…
RCO Finance’s ongoing token pre-sales are becoming one of the most talked-about events in cryptocurrencies. It has attracted a lot of attention from investors around the world, especially with the backing from Ethereum and Binance Coin whales. As RCO Finance establishes itself as a top contender in the DeFi space, its presale continues to grow in popularity, increasing demand for RCOF tokens. But what drew these whales to RCOF? Should you follow suit? Whale impact on Ethereum and Binance Coin Whales could play a key role in determining the fate of altcoins. When these investors (mainly Ethereum and Binance Coin)…
Bulgarian economist Georgi Ganef guaranteed the country's entry euro area As he told BNR about the current economic situation, he is not in any danger. He expressed optimism: Bulgaria You will meet the required criteria at the end based on November or December data. This will be followed by a request for an ad hoc report addressing the 2023 budget, given that 2024 figures are not yet available. When discussing the budget year at the end of the year, Ganef acknowledged some uncertainties. He noted that there could be challenges for finance ministers before the end of the year. However,…
Market current situation The cryptocurrency market continues its upward trajectory, with market capitalization increasing by more than 7% in seven days to $2.39 trillion, the highest level since late July. The Crypto Fear and Greed Index is in the 71-73 (greed) range for the sixth day, also replicating its performance in late July. Bitcoin hit a new high in nearly three months, hitting a peak of $69,500 on Monday morning on the back of a surge in inflows into BTC ETFs. Prices are currently evaluating late July highs, and a May-June double top just below $72,000 is likely the bulls'…
Bitcoin prices continue to show upward momentum during Monday morning European trading hours as the 2024 US presidential election approaches. In fact, BTC briefly hit a high of $69,227 earlier today.The apex cryptocurrency is currently trading at $68,270, down 0.2% in the past 24 hours, according to CoinGecko data. Ethereum (ETH), on the other hand, has also seen positive activity, rising 2.5% during the same period to trade at $2,713.Experts attribute the bullish sentiment in the market to the upcoming election, with Bitcoin approaching the crucial $70,000 level.talk to decryptionAvinash Shekhar, co-founder and CEO of Pi42, said that multiple factors,…