Connect with us

Published

on

Vitalik Buterin, co-founder of Ethereum, said that standards should be raised in the decentralization of rollups in the Ethereum ecosystem and called on developers to move in this direction by the end of the year.

Vitalik Buterin Calls for Rollup Decentralization. Buterin says that after Ethereum’s Denkun update, scaling efforts are progressing slowly and step by step. He states that rollups must reach a certain level in terms of security and performance.

While Ethereum is currently in “The Surge” phase focused on scaling and data fragmentation, in the future it will focus on censorship resistance, decentralization and protocol risks.

Buterinemphasizes that Ethereum has become an independent decentralized technology rather than just a financial ecosystem.

Vitalik Buterin Ethereum

MicroStrategy’s shares fell after Kerrisdale Capital’s report

Shares of MicroStrategy fell yesterday after a report published by Kerrisdale Capital, despite having over 214 thousand Bitcoins on its balance sheet. The report stated that the hedge fund took a long position in Bitcoin and a short position in MicroStrategy shares, and argued that the company’s shares rose due to the increasing value of Bitcoin, but that this relationship was skewed. He also claimed that investors now have new tools to invest directly in Bitcoin and that the premium on MicroStrategy shares is unduly high. After the report was published, MicroStrategy’s share value lost 14 percent.

FTX founder Sam Bankman-Fried was sentenced to 24 years in prison on fraud charges.

FTX founder Sam Bankman-Fried was sentenced to nearly 24 years in prison on Thursday following a fraud case that left retail investors losing $8 billion.

Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York ordered the former billionaire to pay up to $11 billion in investor and creditor losses while imposing a 24-year prison sentence citing Bankman-Fried’s “apparent lack of remorse” and “inflexibility with reality.”

This prison term, 15 years less than prosecutors’ sentencing recommendation, was imposed despite efforts by Bankman-Fried’s lawyers to reposition her in the public eye.

Although attorneys described Bankman-Fried as a “beautiful puzzle” who governed “with math in her head” but “evil in her heart,” Judge Kaplan found that Bankman-Fried lied three times during the trial, and that just before the collapse of the crypto empire, Alameda’s balance sheet He rejected this view, citing a situation in which he claimed he only noticed the billion-dollar deficit at the time.

While the courtroom was packed, Bankman-Fried stood emotionlessly as he learned his fate, standing upright like a corpse with his hands clasped in front of him, and spoke his last words without hesitation until the judge announced his decision.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto

Bitcoin looks to persist above $64,000

On the new day, Bitcon is trading at $64,050 and the leading altcoin Ethereum is trading at $3,421. The total value of the cryptocurrency market is 2.29 trillion dollars. Bitcoin’s market cap is $1.26 trillion, Ethereum’s market cap is $411 billion. There was an inflow of $84.8 million into Bitcoin Spot ETFs in the USA yesterday.

Published

on

On the new day, Bitcon is trading at $64,050 and the leading altcoin Ethereum is trading at $3,421. The total value of the cryptocurrency market is 2.29 trillion dollars. Bitcoin’s market cap is $1.26 trillion, Ethereum’s market cap is $411 billion. There was an inflow of $84.8 million into Bitcoin Spot ETFs in the USA yesterday.

BlackRock’s Bitcoin ETF investors continue to buy despite declining positive comments for Bitcoin

BlackRock’s spot Bitcoin exchange-traded fund continues to collect significant dollar investments from investors despite the decline in positive comments about Bitcoin since last Monday. BlackRock’s iShares Bitcoin Trust (IBIT) saw another $107 million in inflows on July 18. More than 100 million dollars were entered in seven days of the continuous nine-day series. However, crypto investors do not share the same optimism. According to Santiment, positive comments about Bitcoin on social media have decreased compared to four months ago, and investors are increasingly opening short positions. Santiment states that positive comments about Bitcoin on social media are one-third compared to four months ago. Santiment revealed that there was an increase in “buy the dip” statements across platforms when Bitcoin fell to $53,600 on July 5, its lowest level in nearly five months. Despite the decline in positive Bitcoin comments, the Crypto Fear and Greed Index indicates that market sentiment remains in the “Greed” zone with 60 points out of 100.

Bitcoin increased privacy and security!  spot

The $520 billion Italian state bank is testing digital bonds on Polygon.

Italy’s state bank Cassa Depositi e Prestiti, together with Intesa Sanpaolo, issued a $27.2 million digital bond using Ethereum layer-2 Polygon. The transaction was part of an experiment by the European Central Bank to explore ways to use central bank money for wholesale transactions on blockchains. It was the first transaction of this kind after the introduction of Italy’s FinTech law, which regulates the issuance and circulation of digital financial instruments. Cassa Depositi’s $27.2 million (€25 million) bond has a four-month maturity expiring on November 18, 2024 and offers a fixed interest rate of 3.63% per annum. Intesa Sanpaolo was the only institutional investor in the trial. Niccolò Bardoscia, Intesa Sanpaolo’s head of digital assets trading and investments, stated that public blockchains are a powerful technology for financial institutions, making transactions faster and more secure. He also said that this technological change will affect all asset classes in the coming years.

Bitcoin increased privacy and spot security!  Fed chairman btc

Indian cryptocurrency exchange suffered a $230 million hack attack

Attack on the stock market Ethereum It targeted the multi-signature wallet on its network and captured the private key. The attacker stole the funds by updating the implementation of this secure wallet with a malicious contract. Security firm Blocksec stated that the attack occurred in this way. The exchange acknowledged the incident and stopped all withdrawals, stating that they were still investigating the exits. “We are aware of a security breach in one of our multi-signature wallets,” the exchange said. Our team is actively investigating the incident. “To ensure the security of your assets, INR and cryptocurrency withdrawals have been temporarily suspended.” statement was made. According to on-chain data, the hacker stole over $100 million worth of Shiba Inu, 20 million MATIC tokens ($11 million), 640 billion PEPE tokens ($7.5 million), 5.7 million USDT and 135 million GALA ($3.5 million).

Continue Reading

Crypto

Whales Continue to Collect Bitcoin

On the new day, Bitcoin is trading at $58,136 and Ethereum is trading at $3,118. The total value of the cryptocurrency market is 2.09 trillion dollars. Bitcoin’s market cap is $1.15 trillion, Ethereum’s market cap is $374 billion.

Published

on

On the new day, Bitcoin is trading at $58,136 and Ethereum is trading at $3,118. The total value of the cryptocurrency market is 2.09 trillion dollars. Bitcoin’s market cap is $1.15 trillion, Ethereum’s market cap is $374 billion.

US spot bitcoin ETFs report $147 million in net inflows, extend positive flow streak to four days

The biggest inflow on Wednesday was into Fidelity’s FBTC with $57.79 million, according to SoSoValue data. This was followed by Franklin Templeton’s spot bitcoin fund, which made the largest fund purchase since the beginning of May and achieved an inflow of $ 31.66 million. BlackRock’s IBIT, which has the largest net asset value, reported a net inflow of $22.24 million, while Valkyrie’s BRRR generated a net inflow of $20.68 million. Invesco and Galaxy Digital’s BTCO fund recorded inflows of around $9.5 million, while Ark Invest, 21Shares, Bitwise and VanEck funds reported smaller net inflows. Grayscale’s GBTC, the second largest bitcoin ETF, was the only fund to report a net outflow of $8.15 million yesterday. Additionally, a total of $1.25 billion worth of transactions were carried out in 11 spot bitcoin funds. However, trading volume in spot bitcoin ETFs remained significantly lower than the daily trading volume of over $12 billion in March and April of this year. ETFs have collected a total of $15.42 billion in net inflows since January.

Bitcoin bull run spot bitcoin

Asset growth of long-term BTC investors reached the fastest monthly rate since April 2023

According to CryptoQuant analysts Bitcoin whales are increasing their holdings at 6.3%, the fastest growth rate since April 2023, indicating that BTC demand is increasing. In the market report published by the analytics company, it was stated that the increase in BTC demand from long-term investors supports the price of the digital asset. This situation is caused by the seizure of Bitcoins in the hands of the German and US governments and the collapse of the bankrupt BTC exchange Mt. It was emphasized that this took place despite the increased supply of funds distributed from Gox as they entered the market. The report said that the accumulation rate of whales increased as the BTC price fell from $ 71,000 to the current range of $ 58,000-59,000. Analysts noted that long-term investors made strong profits when prices rose above $70,000 in early June, but then suffered some losses and became less willing to sell. “This could be an early sign of BTC price hitting bottom.” They added. However, the CryptoQuant report stated that since stablecoin liquidity growth has not yet fully started, it may take some more time for BTC prices to hit bottom and start a new uptrend.

The question Ethereum or Bitcoin has been answered

Goldman Sachs enters cryptocurrency market, plans to launch three tokenized funds this year

The 50-year-old bank plans to launch three tokenization projects by the end of the year. The details of these projects are not yet clear, but it is known that one will focus on the US fund sector and the other on the European debt markets. Goldman Sachs also plans to create Marketplaces for tokenized assets. Additionally, rival firms such as BlackRock, Franklin Templeton, and Fidelity have recently taken significant steps in the field of tokenizing “real-world assets.”

BlackRock CEO Larry Fink said tokenization is “the next generation of markets.” A few months after this announcement, the asset manager company launched its treasury product called BUIDL, which works with blockchain technology. BUIDL’s market cap recently surpassed $500 million. Franklin Templeton has separately launched an on-chain fund and associated BENJI token that pays interest on the Stellar and Polygon blockchains. Fidelity International tokenized shares in a money market fund. Unlike many of its competitors, Goldman Sachs focuses on using permissioned networks rather than fully decentralized blockchains like Ethereum due to regulatory concerns. The company first started working with permissioned blockchain networks in 2021.

Continue Reading

Crypto

Crypto fraud with Elon Musk’s deepfake!

Elon Musk is one of the most well-known names in the crypto community and now the fraud has started with his deepfake. Here are all the details.

Published

on

Elon Musk is one of the most well-known names in the crypto community and now the fraud has started with his deepfake. Here are all the details.

A five-hour YouTube Live broadcast today used a deepfake of Elon Musk to spread cryptocurrency scams. The video, which has since been removed, featured a clip of Musk that was intended to appear as a livestream from a Tesla event. An AI-generated version of the X CEO’s voice told viewers to visit a website and deposit their bitcoins, Ethereum. It also offered opportunities such as participating in a raffle with Dogecoin. The message played in a loop means that the system will then “make twice the amount of cryptocurrency you deposited”. multiple He promised to send it back automatically.

Crypto fraud with Elon Musk's deepfake!

More than 30,000 viewers were drawn to the stream at one point (though we can’t rule out the possibility that those numbers were inflated by bots). The broadcast moved to the top of YouTube live views. The account pretending to be Tesla, @elon.teslastream, had the Official Artist Channel verification badge, so it’s possible they were facing an account hack. After Engadget reached out to Google, both the video and the channel were removed.

Elon Musk deepfake scams have increased over the past few months, in each case using an account appearing to be from one of Musk’s companies. Therefore, it is useful to pay close attention to cryptocurrency scams. Everything has become easier, especially with artificial intelligence.

Continue Reading

Trending

Copyright © 2022 RAZORU NEWS.
Project by V