ethereum vault

@ethereumvault

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The US Department of Homeland Security has charged a man in connection with a cryptocurrency recovery scam A Homeland Security Investigations (HSI) task force investigating a fake cryptocurrency recovery scam has charged a Las Vegas man (Michael Lauchlan). The man's CDN network claims to offer services such as blockchain analysis, tracking and recovery of lost cryptocurrencies for a fee. However, instead of recovering the assets, Lauchlan allegedly kept the fees and, in some cases, withdrew additional Ethereum assets and issued false promises and fake blockchain tracking reports to customers. The HSI team reported that they interviewed more than 175 CDN customers, but not one of them was able to recover any cryptocurrency using the service. In addition, about $14,000 of CDN users' cryptocurrencies were traced back to the CoinEx cryptocurrency exchange. (BlockBeats)

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Arkham: BlackRock, MicroStrategy, Grayscale and Fidelity did not sell Bitcoin during the market decline Blackrock, MicroStrategy, Grayscale and Fidelity did not sell bitcoin during the market decline. (Foresight News)

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Sunshine, beauty, 🦄, and $SOCIAL have it all this summer

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As prices fell, Jump Crypto moved hundreds of millions of dollars in cryptocurrencies Jump Crypto, the cryptocurrency arm of Jump Trading, appears to be liquidating some of its positions, moving tokens from exchange hot wallets to exchange deposit addresses. Most of the cryptocurrencies are in the form of pledged ether, which Jump has been unpledging and potentially selling since July 25, a few days after the launch of the U.S. spot Ether ETF. (The Block)

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An Indian court has reaffirmed that cryptocurrency trading cannot be considered illegal, granting bail to Yes World CEO The High Court of the Indian state of Odisha has reiterated that cryptocurrency trading is neither prohibited nor considered illegal in India. The court granted bail to Sandeep Chowdhury, CEO of YesWorld, on the grounds that there is no official ban or illegal act against cryptocurrency trading in the country. Chowdhury was previously detained on suspicion of defrauding investors through a Ponzi scheme or multi-level marketing scheme disguised as a cryptocurrency business. Although India currently lacks specific cryptocurrency regulations, the government imposes heavy taxes on cryptocurrency transactions. Gains in virtual digital assets (Vdas) are subject to a 30% tax, and users cannot offset gains with losses as they can with stocks. In addition, the 1% withholding tax (TDS) on digital asset transactions further impacts traders. (PANews)

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Data: The number of USDC in circulation has decreased by about 900 million in the past 7 days For 87 days ending Aug. 1, Circle issued about 2.4 billion USDC, redeemed about 3.3 billion USDC, and reduced its outstanding by about 900 million USDC. Total USDC outstanding was US $32.9 billion, with reserves of about US $33 billion, including US $3.4 billion in cash and US $29.6 billion held by Circle Reserve Fund. (PANews)

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Vitalik: The trough of cryptocurrency utility is over Vitalik Buterin tweeted that the trough of cryptocurrency practicality has passed. From a technical point of view, the biggest development in the last five years is mainly that the scalability problem of blockchain is about to be solved. Vitalik singled out prediction market Polymarket, which he said performed well after interviews this spring and is very happy with its presence on Ethereum. (PANews)

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Senator Lummis introduces Bitcoin Strategic Reserve legislation. (Bitcoin Archive)

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The Bitcoin bill, drafted by US Senator Lummis, allows states to hold bitcoins According to a draft of The bill obtained by The Block, U.S. Sen. Cynthia Lummis, a Wyoming Republican, is pushing legislation called the BITCOIN Act of 2024 (full name: "Optimizing National Investment for Innovation, Technology, and Competitiveness Through 2024 "). The main elements of the bill include: - Establish a "Bitcoin Purchase Program ": purchase no more than 200,000 bitcoins per year for a total of 1 million bitcoins for five years. - Require the U.S. Treasury Department to publish quarterly reports on its website. - Allow states to voluntarily participate in storing bitcoins as part of their reserves, subject to specific security protocol requirements. - Adjustments to gold certificates: Requires the Federal Reserve Banks to submit all outstanding gold certificates to the Secretary of the Treasury within six months of the act's effective date, and the Secretary of the Treasury will then issue new gold certificates to …

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There is a 95.9% probability that the Fed will leave rates unchanged in August According to CME "Fed Watch" : The probability of the Fed leaving rates unchanged in August is 95.9 percent, and the probability of a 25 basis point cut is 4.1 percent. The probability of the Fed leaving rates unchanged by September is 0 percent, the probability of a cumulative 25 basis point cut is 88.7 percent, the probability of a cumulative 50 basis point cut is 11 percent and the probability of a cumulative 75 basis point cut is 75 0.3 per cent. (BlockBeats)

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Coinbase Software Engineer: Cryptocurrencies are essentially a neoliberal technology yuga.eth, a senior software engineer at Coinbase, said in a post on the X platform that he was disappointed to see neoliberals so hostile to cryptocurrencies. Neoliberals are purportedly champions of neoliberalism, the idea that open markets are the foundation of prosperity. Cryptocurrency is essentially a neoliberal (and libertarian) technology: it enables individuals to store value and conduct transactions without a central intermediary. At a time when the dollar-based global monetary order is becoming increasingly unstable, it is critical for the United States to be involved in shaping the strategy for bitcoin and cryptocurrencies.

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If the United States were to buy 1 million bitcoins over the next five years as proposed by Senator Lummis, it would need to buy 547 bitcoins per day. Currently, only 450 new bitcoins are being issued each day. And that doesn't include corporate adoption, institutional investors, state governments and municipalities... In the US alone. Then other countries and their institutions will rush to buy bitcoins. And then individual adoption of Bitcoin grows every day. Continue to accumulate. It will happen sooner than you think... (Bitcoin Archive)

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Robert Kennedy Jr. said that if elected president, he would sign an executive order requiring the United States to buy 550 bitcoins per day to create a reserve of 4 million BTC. (Watcher.Guru)

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Bernstein: Bitcoin miners' power portfolios have huge upside Bitcoin (BTC) miners have significant potential upside from the power portfolio they control, brokerage Bernstein said in a research note on Wednesday. (Coindesk)

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Fidelity transferred 20,500 ETH to FETH via Cumberland and Coinbase Fidelity transferred 20,500 ETH worth about $70.85 million to its Ethereum exchange-traded fund FETH through Cumberland and Coinbase, and currently holds 126,649 ETH worth about $433.68 million.

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Bitcoin became the first cryptocurrency to debut on Sphere in Las Vegas Bitcoin becomes the first cryptocurrency to debut on Las Vegas Sphere. Las Vegas Sphere is a cutting-edge multi-purpose venue in Las Vegas that is known for its large spherical appearance and advanced audio and video technology. Built by MSGEntertainment, Sphere is designed to host a variety of entertainment events, including concerts, sporting events and immersive experiences. Equipped with high-resolution interior and exterior displays, as well as cutting-edge acousto-optic systems, it is designed to provide audiences with an unprecedented audiovisual experience. Sphere has become a new landmark in Las Vegas. Crypto.com is said to have paid tribute to the protocol that started it all (bitcoin, etc.) as it celebrated its eighth anniversary yesterday.

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"Unlocking" PIXEL will unlock 54.37 million tokens, or 1.088% of the total supply PIXEL will unlock 54.37 million tokens today, worth about $12.16 million, or 1.088% of the total supply. There are currently 1 billion coins in circulation, for a total of 5 billion.

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CryptoQuant: Bitcoin rally may be constrained by stablecoin market cap CryptoQuant analysts noted that "Stablecoin liquidity may limit Bitcoin's potential for significant price gains in the future. The stablecoin market cap has yet to fully lift, especially USDT, which is key to further bitcoin price gains." "Despit…

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Etfs stand for 'Everything fits' One of the major cryptocurrency news stories of the year was the approval and trading of spot exchange-traded funds (ETFs) in the United States. They have been a huge success. Not only has Bitcoin ETE attracted a lot of investors in half a year, but the price of these ETFs has also r…

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Dell CEO says Bitcoin is fascinating Michael Dell, CEO of Dell Group, retweeted a video of BlackRock co-founder and CEO Larry Fink's interview with CNBC on the X platform, saying that Bitcoin was Fascinating, Larry Fink said today that he was wrong about bitcoin five years ago, reiterating that bitcoin is digital g…

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