November 16, 2024

Infamous Crypto Hacker Behind Nearly $11,000,000,000 Bitfinex Exploit Sentenced to Five Years in Prison

The notorious hacker behind the massive $10.934 billion exploit of crypto exchange Bitfinex is being sentenced to five years in prison. According to a new press release by the U.S. Department of Justice (DOJ), Ilya Lichtenstein – who hacked Bitfinex in 2016 and fraudulently sent 119,754 Bitcoin (BTC) to a wallet under his control – has been sentenced to five years for his role in the scheme. Court documents reveal

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November 16, 2024

Ripple CLO Criticizes Gary Gensler’s Justification For Crypto Lawsuits

Ripple Chief Legal Officer (CLO) Stuart Alderoty has criticized the US Securities and Exchange Commission (SEC) Chair Gary Gensler following his attempt to justify the crypto lawsuits that the Commission has instituted. The Ripple CLO’s statement has come amid speculations that Gensler could soon resign as the SEC Chair. Ripple CLO Criticizes Gary Gensler’s Claim On Crypto Lawsuits In an X post, the Ripple CLO criticized Gensler’s attempt to justify

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November 16, 2024

MicroStrategy’s $26 Billion Bitcoin Cache Is Larger Than IBM, Nike Cash Holdings

(Bloomberg) — Michael Saylor’s unorthodox decision to hold Bitcoin instead of cash on MicroStrategy Inc.’s books has vaulted the once obscure software maker into the upper echelon of the wealthiest corporations when it comes to financial assets. Most Read from Bloomberg Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen. The Tysons Corner, Virginia-based firm’s approximately $26 billion Bitcoin cache is larger than the cash and

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November 16, 2024

G7 backs Ukraine as Zelenskyy says he wants to end war next year | Russia-Ukraine war News

Ukraine president says Kyiv will do everything possible so the war with Russia ends in 2025 ‘through diplomatic means’. Leaders of the G7 alliance have reaffirmed support for Ukraine “for as long as it takes” as President Volodymyr Zelenskyy said he wants to end the war through talks next year. The Ukrainian president said in a radio interview aired on Saturday that his side will do everything possible so that

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November 16, 2024

Beating Bitcoin

With this universe in mind, we examined how many tokens in the top 150, on any given day, outperformed bitcoin over the next year. At certain points in 2019 and 2020, it seems like beating bitcoin was easy, with many tokens beating it by a wide margin (north of 1000% over bitcoin’s own generally stellar return, on average). What’s more, it used to not require too much exploration out of

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November 16, 2024

Litecoin Climbs 10% In Rally By Investing.com

Investing.com – Litecoin was trading at $92.679 by 09:54 (14:54 GMT) on the Investing.com Index on Saturday, up 10.01% on the day. It was the largest one-day percentage gain since November 16. The move upwards pushed Litecoin’s market cap up to $6.869B, or 0.23% of the total cryptocurrency market cap. At its highest, Litecoin’s market cap was $25.609B. Litecoin had traded in a range of $82.874 to $92.679 in the

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November 16, 2024

Will Donald Trump Create A Strategic US Bitcoin Reserve?

Donald Trump’s recent election victory has reignited discussions around his campaign promise to establish a strategic US Bitcoin reserve. Although the proposal remains unimplemented, it has sparked curiosity about whether this will actually happen, what such a BTC reserve could entail, and how it might function if brought to fruition.  The conversation, inspired by Donald Trump’s campaign promises to base Bitcoin as a centerpiece in US economic policy, outlined the

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