China Shifts $2B Ethereum Seized In Ponzi Scheme
On Wednesday, hundreds of wallets transferred $2 billion Ethereum seized by Chinese police in 2021 when authorities cracked down on the Plus Token ponzi scheme. Today, hundreds of Ethereum (ETH) wallets that had been inactive for over three years have recently resumed operations, facilitating the transfer of huge amounts of ETH. The Chinese police confiscated this Ether […]
Grayscale Launches Bittensor, Sui Trusts
Grayscale Investments launched Bittensor and Sui Trusts, with Grayscale Bittensor Trust focusing on TAO tokens for open-source AI development. Bittensor and Sui have been added to the product suite of Grayscale Investments, a crypto asset manager, which has announced the introduction of two crypto investment trusts. The crypto investment provider announced on August 7 that […]
Rain Exchange Hacker Launders ETH via Tornado Cash
This breach and subsequent laundering activity show the continued vulnerabilities faced by centralized exchanges, even those with strong security measures. The hacker responsible for the recent attack on the Rain crypto exchange has begun laundering stolen Ether through Tornado Cash, a popular mixing service. A blockchain security firm, PeckShield, has closely monitored the situation and identified the […]
Comprehensive Guide to Smart Money Concepts (SMC) in Cryptocurrency Trading
Introduction Understanding Smart Money Concepts (SMC) in Crypto Smart Money Concepts (SMC) in cryptocurrency trading refer to strategies and techniques used by institutional investors, hedge funds, and experienced traders to make informed trading decisions based on market movements and liquidity. Unlike retail traders, who often react to market trends, smart money investors anticipate market moves […]
California County to Enact State Laws on Bitcoin ATMs
Chico, California, relies on state and local regulations to regulate Bitcoin ATMs to limit fraud and transparency. The city of Chico, California, believes that state-level legislation and local rules will work together to regulate Bitcoin teller machines or ATMs properly. Andy Pickett, the chief administrative officer at the County of Butte, addressed the ongoing attempts to […]