Due to a prior reimbursement plan from Bitfinex, many victims of the 2016 hack do not legally qualify as victims eligible for reimbursement. Source link
Day: January 15, 2025
XRP Bullish Surge Takes Price Within Striking Distance Of $2.9
XRP is steadily gaining strength as its price nears the critical $2.9 resistance level, sparking excitement in the market. The surge represents a significant shift in market dynamics, with XRP showing signs of resilience and a potential breakout on the horizon. Supported by growing buying interest and favorable technical signals, the altcoin is setting the stage for what could be a decisive move upward. As the asset inches closer to this pivotal level, traders are carefully monitoring its price action. A successful breakout would reinforce the bulls’ control and attract…
Mining Bitcoin In The Congo And Beyond: The Journey Of BigBlock Datacenter’s Sébastien Gouspillou
Listening to Sébastien Gouspillou share stories from the past eight years of his international life as a Bitcoin miner, it’s difficult to believe he’s telling the truth. Each of his tales come across as works of fiction in which he, often compelled by little more than blind faith and a desire to utilize cheap energy for Bitcoin mining, comes out on top after struggling through soul-shaking trials and tribulations. And what’s perhaps most mystifying is that he tells many of these stories while smiling from ear to ear, beaming with…
X Is Fiat
Follow Aaron on Nostr or X. In his Take from yesterday, Frank invited bitcoiners to join Nostr: “The world’s biggest bitcoin circular economy.” I endorse this invitation; Nostr aligns much better with Bitcoin’s original values than — specifically — Elon Musk’s X. In much the same way that the money in your bank account isn’t really yours, your posts on X aren’t either — in contrast, your Nostr posts are connected to your own public key. Like PayPal blocking money transfers, X can decide to censor what you have to say,…
Trump’s SEC to revise crypto policies reshaping enforcement rules
Photo: Inc. Magazine Key Takeaways Republican SEC commissioners plan to review crypto enforcement cases and clarify the definition of securities. Incoming SEC Chair Paul Atkins is expected to reverse the crackdown led by Gary Gensler, while focusing on fraud accountability. Share this article SEC’s Republican commissioners are preparing to overhaul the agency’s crypto policies as President-elect Donald Trump takes office, according to a Reuters report. Commissioners Hester Peirce and Mark Uyeda are set to begin reforms as early as next week, focusing on clarifying crypto asset securities classifications and reviewing…
AI token market to hit up to $60B in 2025 — Bitget CEO
AI tokens will still lag memecoins, which are expected to see a resurgence this year, according to Bitget’s CEO. Source link
Bitcoin vs. the quantum computer threat: Timeline and solutions (2025–2035)
Experts predict when quantum computers will finally break Bitcoin, the likely impact, and propose solutions to fix the issue. Source link
Bitcoin nears $100K as CPI data shows signs of cooling
Key Takeaways Bitcoin edges closer to $100K, rising 2% in 24 hours following better-than-expected CPI data for December. Declining dollar index and rate cut expectations for June drive optimism across crypto and traditional markets. Share this article Bitcoin is nearing the $100,000 mark, rising over 2% in the past 24 hours after better-than-expected Consumer Price Index (CPI) data fueled optimism in financial markets. The largest crypto asset by market cap climbed $2,000 following the data release, reaching an intraday high of $99,400. Bitcoin is currently trading at $99,000, consolidating its…
US government says Bitcoin seized from 2016 hack should be returned to Bitfinex
Key Takeaways A court has ruled that 94,000 Bitcoin from the 2016 Bitfinex hack must be returned to the exchange. The seized Bitcoin was originally worth $3.6 billion and has appreciated to over $9.3 billion. Share this article A court has ruled that over 94,000 Bitcoin seized from the 2016 Bitfinex exchange hack should be returned to Bitfinex and through “in-kind restitution,” according to a new filing shared by DB News. As expected *GOVT SAYS SEIZED BITCOIN FROM 2016 BITFINEX HACK SHOULD BE RETURNED IN-KIND Do they just ask Paolo…
Malaysian PM discusses potential crypto regulatory framework with Binance founder CZ and UAE officials
Key Takeaways Malaysia’s PM discussed establishing crypto regulatory frameworks with Binance and UAE officials. The initiative aims to modernize Malaysia’s financial system and involves comprehensive studies by authorities. Share this article Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim recently met with Binance founder Changpeng Zhao and UAE officials to discuss potential crypto regulatory frameworks, the New Straits Times reported Tuesday. The discussions, which took place during Anwar’s three-day official visit to Abu Dhabi, centered on establishing policies that could recognize the crypto industry and modernize Malaysia’s financial system. “I had…