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Decentralized systems distribute data and governance across a network of nodes, ensuring no single entity can exert undue control. This distribution of control can help build an internet that’s resistant to censorship, manipulation and corporate control.
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One of the administrators of Uranium’s Discord channel claimed around the time of the hack that it may have been an inside job.
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Tether CEO Paolo Ardoino announced on Feb. 22 that the company had frozen $181,000 in USDT associated with the Bybit hack. But some tokens slip through. Cointelegraph has learned of a transaction linked to the Bybit hack that resulted in 30,000 USDC reaching eXch.
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https://warpcast.com/irene298760/0x17a4e77f
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“Polkadot Blockchain Academy is committed to bridging this gap, ensuring that decision-makers have the resources they need to craft practical policies that foster innovation while maintaining safeguards, Hill added.
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“It’s a gratuitous cash grab, not sure how anyone can argue against that,” Melker said while pointing out that insiders sniping the supply at launch means they hold 80% of the supply.
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Moonshot, the platform Trump pointed his followers to for purchasing the memecoin, reported more than 200,000 new onchain users since the token launched.
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Scott Melker, aka “The Wolf of All Streets,” said in a Jan. 18 X post that Trump’s memecoin is a significant benefit for crypto but “bad for humanity.” Melker added:
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As of Jan. 2, USDC’s circulating supply is approaching $44 billion, nearly double the 2023 low of less than $24 billion, according to CoinGecko.
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If confirmed, BPCE’s crypto entrance will be significant to the industry as the banking group has 35 million customers, with assets under management peaking at roughly 1.3 million euros ($1.3 million) by the end of September 2024.
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Reyes also told Cointelegraph that El Salvador is “nearing completion of two more agreements with other countries,” emphasizing his team’s commitment to helping any nation interested in collaborating with El Salvador.
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Reyes strongly advised against delaying establishing rules and following Financial Action Task Force (FATF) recommendations, giving a clear message to regulators in other jurisdictions:
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El Salvador plans to refine its own regulatory framework and improve its understanding of the digital assets market through its partnership with Argentina. Additionally, Reyes told Cointelegraph that El Salvador regulators are in talks with multiple nations for similar crypto-focused partnerships:
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Following the historic launch of spot Bitcoin ETF trading in the US in January, Bitcoin ETFs have, for the first time, surpassed 1.1 million BTC, Bloomberg ETF analyst Eric Balchunas wrote on X on Dec. 6, citing market watcher Shaun Edmondson.
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United States spot Bitcoin exchange-traded funds (ETF) have hit a new milestone as their total BTC holdings flip those held by Satoshi Nakamoto.
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Adams’ offer to accept his paychecks in Bitcoin came in response to a social media challenge for elected officials to earn a crypto-based salary. Miami Mayor Francis Suarez, who won reelection in 2021, said he would accept his first paycheck in BTC, prompting Adams to say he would take the first three.
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As mayor, Adams has often been a proponent of many policies favorable to digital assets, including promising to make New York City the “center of the cryptocurrency industry.” He also criticized legislation passed by the state’s government in 2022 that imposed a two-year moratorium on proof-of-work mining using non-renewable energy sources.
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In September, US authorities indicted Adams on one count of conspiracy to receive campaign contributions from foreign nationals and commit wire fraud and bribery, one count of wire fraud, two counts of soliciting campaign contributions from foreign nationals, and one count of soliciting and accepting a bribe. If convicted and given the maximum sentences for each charge served consecutively, he could face decades in prison.
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Adams, who assumed office as the mayor of New York City in January 2022, announced after winning his election that he intended to accept his first three paychecks in Bitcoin. The price of BTC at the time of his announcement was roughly $61,000. The cryptocurrency has since surged to roughly $96,000, an increase of 57%.
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“Remember y’all laughed at me when I first got my Bitcoin — who’s laughing now?” said Adams. “Go look at my Bitcoin now. You all mock me. ‘You’re taking your first three paychecks in Bitcoin. What’s wrong with you?’ Now you wish you would have done it.”
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