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Gemini’s other co-founder, Tyler’s twin Cameron Winklevoss, said that only Bitcoin and potentially Ether currently satisfy the criteria for a “store of value reserve asset.”
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If the US opts for more variety, Armstrong pitched adopting a market cap-weighted index of cryptocurrencies to remove potential bias.
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“Memecoins have evolved from community-driven social experiments into a chaotic landscape dominated by value extraction from retail investors,” Plotnikova told Cointelegraph, adding:
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The CFTC is currently led by acting chair Pham, who was voted acting chairman on Jan. 20 after former chair Rostin Behnam resigned.
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A Pump.fun-operated AMM could remove a portion of Raydium’s business, as currently when a Pump.fun token sees enough trading activity, it completes what’s known as a “bonding curve,” and the token is launched on Raydium for further trading.
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Milei has requested the Anti-Corruption Office to investigate all government members, including the president himself, for potential misconduct, according to a Feb. 16 X statement issued by Argentina’s presidential office, Oficina del Presidente.
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After the token’s collapse on Feb. 15, Milei issued a statement on X, noting that he was not aware of the details of the project when he endorsed it and that he has “no connection whatsoever” with the “private enterprise” that launched the token.
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Prosecutors allege Saavedra secured a search warrant in January 2022 under false pretenses, claiming the target was involved in a firearms investigation. Saavedra provided the victim’s location to Iza, who sent armed individuals to break into the victim’s home.
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In one instance, Iza sought to steal a laptop he believed held more than $100 million in cryptocurrency.
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Court documents allege that Iza employed off-duty LASD deputies as personal enforcers to target business rivals and perceived threats. Saavedra, leveraging his credentials as a deputy and a task force officer with the US Marshals Service, illegally accessed sensitive law enforcement databases, fabricated search warrant affidavits, and misused his badge to aid Iza’s vendettas.
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Out of the 296 phishing incidents in 2024, at least three resulted in losses exceeding $100 million, highlighting the scale of damage possible.
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3AC certainly borrowed money as if the supercycle thesis was real and when it was eventually liquidated, the crypto market cap fell by almost 50% on the news and the collapse led to bankruptcies and financial difficulties for lenders including Voyager Digital, Genesis Trading and BlockFi.
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Today in crypto, former United States Commodity Futures Trading Commission commissioner Brian Quintenz is reportedly US President-elect Donald Trump’s pick for CFTC chair, Vancouver’s city council has passed a motion that would see it exploring Bitcoin as a solution to bolster the city’s financial stability, and MicroStrategy stock is expected to crack the Nasdaq 100 later this month.
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Centralized exchange hacks have been rife in 2024. The Indian WazirX exchange was hacked in July for $235 million, while the Singaporean BingX exchange was hacked for $52 million in September, and an exploit of the Turkish BtcTurk hot wallet resulted in losses of up to $55 million in June.
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DMM Crypto was working with the stablecoin platform Progmat to issue its own stablecoin to enhance the ecosystem. However, according to a translation of a statement at the time, the firm cited “recent rapid changes in the business environment” that have created challenges for the project’s sustainability.
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In November, DMM Crypto announced that it was discontinuing its Seamoon Protocol. The Seamoon Portal was a Web3 gaming and content site that featured games and anime produced by the exchange’s parent firm, DMM.com.
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DMM exchange was launched in January 2018 and is owned by the Japanese e-commerce conglomerate DMM Group.
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“It is suspected that Lazarus Group is behind the hack due to similarities in laundering techniques and offchain indicators,” he said at the time.
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In July, blockchain sleuth ZachXBT reported that about $35 million of the stolen crypto had been laundered to the online marketplace and crypto scam hotbed Huione Guarantee.
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DMM’s loss was the second-largest in the region, following the $530 million Coincheck hack in 2018.
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