Cryptocurrency news by Protos

Cointelegraph owner Gregory Fishman claims that Maps and Oxygen CEO Alex Grebnev stole funds and ideas relating to the two projects.Listen to this article to find out more. https://protos.com/cointelegraph-owner-sues-founder-of-sam-coins-maps-and-oxygen/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Ordinals, the latest incarnation of NFTs on Bitcoin since Counterparty’s Rare Pepes and operation code easter eggs, have catapulted into the industry. Although Ethereum still outranks all other blockchains in NFT transaction volume, Bitcoin has suddenly become the world’s second most popular blockchain for NFTs.Listen to this article to discover why bitcoin-oriented NFTs have become so popular and to learn the history behind them.https://protos.com/bitcoin-suddenly-becomes-second-biggest-nft-blockchain/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

During a glitch-plagued Twitter Space yesterday evening, US presidential candidate and Bitcoin fan Ron De Santis came out against central bank digital currencies, calling their introduction “a massive transfer of power from individual consumers to a central authority.”De Santis used the Space, hosted by Elon Musk and David Sacks, to announce his presidential nomination for the Republican Party. De Santis will now battle former president Donald Trump for the Republican nomination. Listen to the article to discover how, the far-from-perfect Twitter space, went down.https://protos.com/white-house-hopeful-de-santis-sticks-it-to-cbdcs-in-campaign-launch/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Worries about the stability of Multichain and its total value locked of $1.5 billion, sparked a major sell-off of the project’s token, MULTI, yesterday.Listen to the article to find out what caused the exodus of MULTI holders.https://protos.com/rumors-prompt-panic-over-1-5b-blockchain-bridge-multichain/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Terraform Labs co-founder Do Kwon has had his request for bail revoked despite paying a bail sum of €400,000 euros ($429,000) last week. Instead, Do Kwon will remain in custody as he faces charges of fabricating official documents in Montenegro.Listen to this article to discover why Do Kwon has been kept in detention.https://protos.com/do-kwon-jail-stay-extended-despite-already-posting-huge-bail/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Alexander Vinnik, the co-founder of defunct Russian crypto exchange BTC-e, is facing money laundering charges in the US. But according to a report from the Wall Street Journal, he is optimistic about being included in a prisoner swap for captured journalist Evan Gershkovich.Listen to this article to learn what Vinnik had to say as he is accused of identity theft and money laundering through the operation of BTC-e.https://protos.com/founder-of-crypto-exchange-btc-e-eyes-prisoner-swap-with-wsj-journalist/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The US Attorney’s Office has filed a civil forfeiture action to recover crypto proceeds of a business email compromise fraud scheme that targeted a company in Massachusetts, according to a press release on Tuesday evening.Listen to this article to discover how perpetrators tricked the company into wiring close to a million dollars before the funds were converted into various cryptocurrencies, from bitcoin to shiba inu.https://protos.com/us-govt-seeks-to-forfeit-crypto-tied-to-fraud-case/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Elliptic says crypto, primarily bitcoin and tether, is a growing payment method for buying fentanyl chemicals from China-based firms.https://protos.com/crypto-payments-to-china-chemical-suppliers-fuel-us-fentanyl-epidemic/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

In his latest description of future dystopia, Balaji Srinivasan predicts the government will force Apple and Google to seize crypto assets.https://protos.com/balajis-latest-prediction-us-govt-will-remotely-seize-crypto/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Ben Armstrong — AKA BitBoy — along with another less-well-known Ben, is damaging crypto’s reputation by shilling useless coins.https://protos.com/bitboy-and-another-less-famous-ben-are-giving-crypto-a-bad-name/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Binance allegedly commingled client and corporate funds across accounts controlled by Silvergate Bank, according to a new report by Reuters.https://protos.com/binance-commingled-funds-at-silvergate-reuters/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The FBI warned US citizens to be wary of fake jobs in Southeast Asia that capture victims and force them into scamming people online.https://protos.com/fbi-warns-of-fake-jobs-abroad-that-enslave-victims-for-crypto-scams/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The Bored Ape Yacht Club has fared pretty well compared to most other Ethereum-based NFT projects but it’s still down more than 60%.https://protos.com/heres-whats-behind-the-fall-of-the-bored-ape-yacht-club/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Safe Holdings has defrauded 30 victims out of their cash through a pyramid scheme claiming to offer advanced crypto trading technology.https://protos.com/crypto-scam-refused-to-return-10000-to-cancer-patient/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The Times is publishing an exposé by Andy Verity describing lies and LIBOR collusion by the world’s top central bankers.https://protos.com/expose-claims-lies-and-libor-collusion-by-central-bankers/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A chaotic weekend for DeFi as two self-executing governance proposals wrought havoc on Aave and Tornado Cash.https://protos.com/defi-has-rough-weekend-with-aave-and-tornado-cash-chaos/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A Twitter user mediated the sale of a stolen NFT back to its owner without realising that this incriminates them, too.https://protos.com/twitter-user-mediates-resale-of-stolen-bored-ape-nft-incriminates-self/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Bitcoin 2023 marked the end of an era for Miami’s brief affair with the crypto industry. It’s already canceled next year.Listen to this article to find out about our experience at this years lack lustered Bitcoin conference. https://protos.com/bitcoin-2023-miami-has-had-enough-and-so-have-we/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Major Genesis creditor Gemini says it’s considering to provide forebearance in order to avoid a default situation.https://protos.com/dcg-misses-600m-payment-to-genesis-as-gemini-seeks-resolution/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The Uniswap governance forum is again debating whether to activate the protocol’s ‘fee switch,’ which would finally see it accrue revenue.https://protos.com/to-fee-or-not-to-fee-that-is-the-question-does-uniswap-have-an-answer/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Bryan Lee has been indicted for his role in the $45 million CoinDeal fraud scheme which saw investor funds used to purchase real estate.https://protos.com/coindeal-executive-indicted-in-45m-crypto-fraud/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The son of a former Australian politician has been charged with running a dark web crypto-for-drugs operation. Listen to this article to discover the scale of his alleged operation, and to find out how police caught him, in the proverbial way, with his hand in the cookie jar. https://protos.com/son-of-former-aussie-politician-charged-with-trading-crypto-for-drugs/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The US state of Texas is taking a significant step towards increased transparency and consumer protection in the cryptocurrency industry, as legislation requiring crypto exchanges to maintain reserves moves closer to becoming law awaiting now only the signature of the governor.Listen to this article to learn how the bill looks to stop crypto firms from commingling user funds.https://protos.com/texas-proof-of-reserves-crypto-bill-one-step-away-from-becoming-law/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Bitcoin ordinals have officially disrupted the NFT market, with the gap between bitcoin NFT and Ethereum NFT daily volumes getting slimmer by the day.Listen to this article to find out just how close ordinals are to overpassing the daily volume of Ethereum NFTs.https://protos.com/bitcoin-ordinals-close-to-flipping-ethereum-nfts-in-daily-volume/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

On Monday, Andrew Tate, the infamous former kickboxing champion who is now facing charges in Romania for money laundering, organized crime, and human trafficking, made a statement online about his ‘no-shitcoin’ stance, tweeting a video saying he doesn’t endorse them and never will.But has he really never endorsed them? Listen to this article to discover the recent shitcoin he claims to have jokingly promoted, and why his 'no-shitcoin' stance isn't what it seems.https://protos.com/andrew-tate-says-he-doesnt-endorse-shitcoins-but-he-definitely-did/For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Worldcoin is an “open-source protocol” started by OpenAI founder Sam Altman. It uses metallic orbs to scan irises as a “proof-of-person” and provides those who volunteer their biometric data with 25 Worldcoins — a cryptocurrency that isn’t currently exchangeable for any real-world goods or tradeable on any exchange.Worldcoin, for lack of a better term, is now suffering from a massive optics problem.Listen to this article to discover the problems it faces, and why it's unlikely it'll overcome them anytime soon.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Many believe that Bitcoin users send transactions directly to miners or pool operators. However, things are a little more random than that.Instead, users generally broadcast transactions essentially at random — in other words, to whichever nodes happen to be connected to them and online at the time.Listen to this article to find why Bitcoin users don’t send transactions directly to miners in a curious custom unique to the decentralization of the Bitcoin network.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The firms behind the three largest stablecoins Tether, Circle, and Paxos have all been lobbying in Washington DC over the past year.Tether retains FTI Government Affairs through the Law Offices of Michael Jason Lee, Circle retains Invariant, and Paxos retains Mindset Advocacy.Listen to this article to learn the history behind this lobbying and how much money is being spent.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Tether, the world’s largest stablecoin, has announced its intention to use up to 15% of its profits to purchase additional bitcoin.As of March 31, the approximately $1.5 billion in bitcoin Tether held was approximately triple the amount of cash in its reserves. This change will presumably exacerbate that difference.Listen to this article to discover why Tether is making bitcoin investments, despite dwindling cash on hand.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Switzerland’s government will hold a national vote on whether to enshrine the availability of cash in the constitution amid concerns about the rise in digital currency, Bloomberg reported on Wednesday.A group called the Swiss Freedom Movement collected over 100,000 signatures in support of a plebiscite to safeguard cash at a higher level.Listen to the article to find out why the government is worried about losing the use of cash.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

British Members of Parliament (MPs) have claimed that crypto has “no intrinsic value and no useful social purpose” while suggesting the space may be better regulated if it’s treated more like gambling. The report claims that regulating retail trading and investment activity in unbacked crypto assets (such as bitcoin and ether) as a financial service, will “create a ‘halo’ effect, leading consumers to believe this activity is safe and protected when it is not.”Listen to the article to discover why MPs believe crypto should be regulated like gambling. For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A judge has denied the Securities and Exchange Commission's (SEC) appeal to prevent the release of documents tied to William Hinman’s Ethereum speech.The speech involved Hinman stating ether wasn’t a security before, years later, he was found to have a conflict of interest with a pro-Ethereum entity.The development in Ripple's case against the SEC has sent prices of XRP upwards by 8%. Listen to this article to find out why Ripple benefits from the release of Hinman’s documents.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The Securities and Exchange Commission (SEC) has proposed a new rule requiring investment advisors to hold all crypto assets — even non-security crypto assets like bitcoin — with a qualified custodian. Not only will the rule require enhanced bookkeeping and reporting if it goes into effect, but it will centralize large quantities of crypto assets at large companies.Listen to this article to learn how this might impact the safety of your crypto if a custodian goes bankrupt.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A dramatic case of cryptocurrency theft case in Vietnam has come to an end as 16 defendants are sentenced over a plot involving the heist of VNĐ37 billion (approximately $1.5 million) worth of crypto.The ordeal involved kidnapping and threatening the victim's family with HIV-laden needles.Listen to the article to discover what started the crypto heist. Hosted on Acast. See acast.com/privacy for more information.

Hardware wallet maker Ledger is looking to reassure concerned users who are worried that a new firmware update will make their funds “less safe than on MetaMask.”Critics say the update could expose their details online and break the number one rule of keeping your crypto safe — never type your seed phrase into a connected device.Listen to this article to learn more about Ledger Recover and why the wallet maker claims that it’s completely risk-free.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Influencer, entrepreneur, and self-help guru Tai Lopez is having a very strange year. The usually loud and self-centered 46-year-old, well known for his videos showcasing his sports cars, mansions, and bookshelves, has gone uncharacteristically quiet on his social media — save for YouTube and Instagram, where he continues to push self-help podcasts and book reviews. So, what’s going on? Listen to the article to find out how his failing businesses, including a disappointing web3 venture, may be behind it. For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The Securities and Exchange Commission has replied to crypto exchange Coinbase's petition that demanded it outline and adopt new regulations on crypto and digital tokens.In its petition, initially submitted in July of last year, Coinbase argued that most of the tokens traded on its platform shouldn't be defined as securities. It also wants the SEC to define what tokens are classified as such.Listen to the article to discover what the Securities and Exchange Commission had to say,For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Chicago-based trading firm Jump Trading has been accused of manipulating the price of algorithmic 'stablecoin' TerraUSD a year before it collapsed, in a class action lawsuit filed on May 9 -- echoing ongoing investigations by New York federal prosecutors and suspicions from the Securities and Exchange Commission.Listen to this article to discover what the suit alleges about Jump trading execs, secret agreements with Do Kwon, and a discounted 61.4 million LUNA tokens.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

The Ethereum beacon chain recently experienced two periods where finalization was delayed and an inactivity leak began. Although it was still possible to transact on Ethereum during these periods, the blocks were not yet immutable, and could, under certain circumstances, end up reverted.Listen to this article to discover what may have caused the leak.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A crypto scammer has stolen more than $15 million in bitcoin, ether, tether, and SHIB by cloning the user interface of popular Hong Kong-based crypto exchange HitBTC.Listen to the article to find out how the scam, already running for nearly a year, drained user wallets of their crypto.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A recent controversy involving a South Korean lawmaker’s cryptocurrency holdings has resulted in his resignation from his political party, and subsequent raids on prominent cryptocurrency exchanges Upbit and Bithumb.Listen to this article to discover why approximately $4.5 million worth of wemix coins has caused the lawmaker to resign.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A tweet Elon Musk has boosted the sales of the Milady Maker NFT collection, turning a profit for NFT sellers for the first time in months as the NFT dry season drags on.Listen to this article to learn about the new meme-coin looking to compete against last week's other Pepe meme-coin. For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

In the past, Ethereum wasn't a security. This period of classification caused confusion and, eventually, a great deal of controversy, as the former Securities and Exchange Commission director was found to have a financial conflict of interest from a pro-Ethereum entity at the time.Listen to this article to find out why the SEC never classified ether as a security.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

To combat crypto crime in the United States, industry participants often turn to the Securities and Exchange Commission. But when it comes to cracking down on bad actors, the Department of Justice’s emerging playbook seems to have a far greater success rate.Listen to this article to discover why wire fraud is the most effective way of prosecuting criminals without the need to classify crypto assets. For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Tether released its latest attestation by BDO Italy on Wednesday, revealing $81.8 billion in assets and $79.3 billion in outstanding Tether tokens as of March 1.Tether is the largest stablecoin and one of the three largest cryptocurrencies, representing a systemically important representation of liquidity in the markets. The quality and quantity of its reserves are vital issues for the cryptocurrency industry. That said, the firm has often struggled to produce accurate and whole attestations.Listen to this article to discover what Tether's latest attestation had to say about the company'sFor more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com finances. Hosted on Acast. See acast.com/privacy for more information.

In the third installment of Cas's column So you don’t have to, the spotlight is once again on infamous crypto shill Ben Armstrong, aka BitBoy. Last time, Cas dissected his truly terrible book Catching Up to Crypto -- now, he's reviewing his rather lengthy interview with Donald Trump Jr.Listen to the article to find out how BitBoy used the interview to shill and misinform alongside Donald Trump Jr.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Investors in Pepecoin (PEPE), the meme cryptocurrency du jour, have started a Twitter war against crypto exchange Coinbase after its newsletter warned of its volatility and associations with the alt-right. Listen to this article to discover what ignited the Pepe community, the chequered history behind the meme, and the drive towards a sudden meme coin surge.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

In a joint committee hearing in the Unites States House of Representatives on Wednesday, members of the Financial Services Committee and the Agriculture Committee discussed what regulatory framework is needed to manage the risks and benefits of cryptocurrencies in the US.Listen to this article to find out what representatives had to say about Joe Biden's sentiment for greater cryptocurrency regulation and to learn what they had to say on concrete issues plaguing the industry.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

A drug dealer caught with $6.7 million in cryptocurrency and $1.4 million worth of cocaine has lost the millions of dollars he made on the dark web in a record confiscation of its kind by the West Yorkshire financial crime department.Listen to the article to find out how millions of crypto was used as part of a drugs empire in the UK. For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.

Luke Dashjr, one of Bitcoin Core’s developers, has proposed to ban bitcoin NFTs and the BRC-20 by extending spam filtration to Bitcoin’s recently introduced Taproot transactions.Listen to this article to find out what he had to say about one of the most significant upgrades in the Bitcoin network.For more informed news, follow us on Twitter, Instagram, and Google News or visit our website at Protos.com Hosted on Acast. See acast.com/privacy for more information.