Crypto

Charles O. Parks III, who admitted to misusing $3.5 million worth of resources from two cloud computing providers to mine crypto, was sentenced to one year and one day in prison. A crypto influencer has been sentenced to just over a year in prison for what US prosecutors called a large-scale cryptojacking operation that defrauded two major cloud computing providers. The Department of Justice (DOJ) said on Friday that a Brooklyn federal court sentenced Charles O. Parks III, who also went by “CP3O,” to one year and one day in prison for the scheme that defrauded the computing providers of more than $3.5 million in resources. Parks used fake corporate identities such as “MultiMillionaire LLC” and “CP3O LLC” to trick two unnamed cloud providers into granting him elevated computing privileges, which he exploited to mine nearly $1 million worth of Ether (ETH), Litecoin (LTC), and Monero (XMR) between January and August 2021, prosecutors said. Read more

Crypto loans are back near bull-market highs, but last week’s $1B liquidation shows leverage is cutting both ways.

Jeju City, in the South Korean island province of Jeju, has completed a crypto-themed investigation of almost 3,000 residents with unpaid tax bills, seizing Bitcoin (BTC) and other coins from dozens of individuals. The post South Korea’s Jeju Wraps Crypto Probe of Almost 3,000 Tax Evaders, Seizes Coins appeared first on Cryptonews.

Central bank stimulus in China and global investors’ response to recession fears will determine if altseason continues. Key takeaways: China’s central bank stimulus could redirect liquidity into cryptocurrencies. Rising US Treasury yields suggest lower risk aversion, supporting potential recovery in altcoin markets. Read more

The community for Qubic, an AI-focused blockchain project, voted to target the Dogecoin network over Zcash and Kaspa by a wide margin. The community for Qubic, the AI-focused blockchain project that executed a 51% attack on Monero this week and gained majority control of the network’s computing power, has voted to target Dogecoin (DOGE) next. Sergey Ivancheglo, the founder of the Qubic network, asked the Qubic community which application-specific integrated circuit (ASIC)-enabled, proof-of-work blockchain the group should target with its next 51% attack, including DOGE, Kaspa (KAS), and Zcash (ZEC). “The Qubic community has chosen Dogecoin,” Ivancheglo, who goes by the online handle Come-from-Beyond, wrote in a Sunday X post announcing the results of the vote. Read more

The Russian-linked and now operating under a different name trading platform is targeted by American authorities who are after people of power within the organization.

Apple again is reportedly exploring AI-powered robots, including a tabletop assistant and a lifelike Siri upgrade.

Institutions ramped up BTC exposure in Q2 through spot ETFs like IBIT and crypto-linked stocks, signaling growing comfort with the asset class.

Saylor signaled an impending Bitcoin purchase by Strategy, as BTC's price hovers around the $117,000 level, down from the all-time high. Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase by the company, as the price of Bitcoin hovered below the all-time high of over $124,000 reached on Thursday. The company’s most recent Bitcoin acquisition occurred on Monday, when Strategy purchased 155 BTC for $18 million, bringing its total holdings to 628,946 BTC, valued at over $74.2 billion. Data from SaylorTracker shows the company is up over 60% on its BTC investment, representing over $28 billion in unrealized gains. Read more

The World Economic Forum (WEF), the influential global convening force for policymakers and industry leaders, has appointed BlackRock CEO Larry Fink as interim co-chair. The move comes hot on the heels of a high-profile internal review that cleared WEF founder Klaus Schwab of wrongdoing and set the stage for a temporary leadership overhaul as the […] The post BlackRock CEO Larry Fink appointed as WEF interim co-chair appeared first on CryptoSlate.

WiseLink's investment has been executed through a 3-year convertible note, after a MoU with TopWin.

LINK surged 18% to $26.05, outpacing peers as analysts highlight undervaluation, strong chart signals and Chainlink’s August product announcements.

The decline in volatility across asset classes likely reflects expectations for easy monetary policy and economic stability; however, some analysts are warning of potential downside risks.

A rising bitcoin price is seen as most favorable for Galaxy's digital assets business, while miners fight a rising network hashrate, the report said.

Bitcoin is almost overdue for another "price discovery correction" after six weeks of gains — will BTC price action copy history? Key points: Bitcoin has enjoyed six weeks of its latest “price discovery uptrend” — but a correction is now due. Analysis shows that in previous halving cycles, BTC price tends to halt its second uptrend after five to seven weeks. Read more

The proposal included geographically distributed multi-signature cold-storage for secure self-custody, proof of reserves, and a budget cap. The United States government can purchase more Bitcoin (BTC) for the US strategic reserve through funneling portions of the tariff receipt surplus into BTC acquisitions, according to Adam Livingston, author of “The Bitcoin Age and The Great Harvest.” Livingston proposed taking a portion of the surpluses generated by trade tariffs every month and funneling that into secure, cold storage BTC that is not traded, staked, sold, rehypothecated, used to fund programs or secure loans, or lent out for yield. He said: That Surplus is unallocated. It's not pre-spent. It's not tied to Medicare, entitlements, or debt service. It's just floating, waiting, looking for a productive use case, ” Livingston continued. Read more

Publicly traded firms are now stacking Ethereum, pulling in billions of dollars of ETH. These are the largest holders.

The latest Bitcoin bull run feels different. Scratch that. Every bitcoin bull run feels different, as each cycle brings with it fresh narratives and new blood. But there’s one element that’s always been consistent throughout Bitcoin’s history, and that’s retail interest in buying into freedom tech and f**k you money. Well, Bitcoin to the moon […] The post 100 days over $100k and nobody cares: Why Bitcoin’s bull run feels lonely appeared first on CryptoSlate.

Bitcoin’s price made a new record high just above the $124K mark a few days ago, before printing two consecutive bearish daily candles and dropping back to a key area. Investors are now carefully monitoring the market to find any early signs of reversal. By ShayanMarkets The Daily Chart On the daily chart, Bitcoin is […]

Bitcoin steadied near $118,000 on Sunday, though analysts Lark Davis and Michaël van de Poppe warned of deeper corrections and choppy trading ahead.