π°π· In South Korea, a 40-year-old man has been arrested for swindling investors out of $12 million.
To evade capture, he had undergone plastic surgery to alter his appearance. π©ββοΈπͺ
He duped 158 individuals by guaranteeing a monthly return of 18% on investments in a supposedly active cryptocurrency mining venture. π
To evade capture, he had undergone plastic surgery to alter his appearance. π©ββοΈπͺ
He duped 158 individuals by guaranteeing a monthly return of 18% on investments in a supposedly active cryptocurrency mining venture. π
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πΈπ» El Salvadorβs President Nayib Bukele is on the cover of TIME.
π¦Ύ Heβs dubbed a βstrongmanβ who is transforming his country with an iron fist, becoming the worldβs most popular authoritarian leader.
Remember, El Salvador buys exactly 1 BTC every day, rain or shine, as part of its Bitcoin strategy. β
The country currently holds 5,856.75 BTC, worth nearly $350 million. π°
Following Pavel Durovβs arrest, Nayib Bukele trolled France by inviting people to move to El Salvador, promising freedom of speech, no censorship, and no property taxes.
π¦Ύ Heβs dubbed a βstrongmanβ who is transforming his country with an iron fist, becoming the worldβs most popular authoritarian leader.
Remember, El Salvador buys exactly 1 BTC every day, rain or shine, as part of its Bitcoin strategy. β
The country currently holds 5,856.75 BTC, worth nearly $350 million. π°
Following Pavel Durovβs arrest, Nayib Bukele trolled France by inviting people to move to El Salvador, promising freedom of speech, no censorship, and no property taxes.
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π΅οΈββοΈ According to Chainalysis in their latest report, the average lifespan of crypto scams in 2024 has dropped to 42 days, compared to 271 days in 2020.
π₯· Scammers frequently use the βpig butcheringβ scheme, where they initially lure victims with small gains to build trust and confidence, only to later exploit them for a significant loss. ππͺ
π₯· Scammers frequently use the βpig butcheringβ scheme, where they initially lure victims with small gains to build trust and confidence, only to later exploit them for a significant loss. ππͺ
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Reuters: A U.S. federal court has dismissed a lawsuit against Elon Musk and his company Tesla, which were accused of deceiving investors by creating hype around DOGE and engaging in insider trading.
The district judge ruled that Musk's tweets and statements cannot serve as grounds for securities fraud. π§
Now Musk can pump tokens without fearing legal consequences! π DOGE to the moon? π
The district judge ruled that Musk's tweets and statements cannot serve as grounds for securities fraud. π§
Now Musk can pump tokens without fearing legal consequences! π DOGE to the moon? π
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Crypto soothsayer
Creator of Telegram Pavel Durov again wrote about a tap game, and it's not NotCoin! π This time, he singled out Tap Swap, praising them for choosing the TON ecosystem and achieving 56 million users without any marketing π². π Fans of Hamster Combat are outragedβ¦
OKX has announced the upcoming listing of Hamster Kombat πΉ
π Spot market trading for the HMSTR token will commence on September 26.
π The exchange also revealed plans to launch several promotional campaigns leading up to the listing, aimed at increasing user engagement and driving participation in the Hamster Kombat ecosystem.
On August 1, Hamster Kombat (HMSTR) was listed on OKXβs pre-market futures platform before its official token launch. Additionally, trading of HMSTR began on pre-market platforms Bybit and Gate.
π Spot market trading for the HMSTR token will commence on September 26.
π The exchange also revealed plans to launch several promotional campaigns leading up to the listing, aimed at increasing user engagement and driving participation in the Hamster Kombat ecosystem.
On August 1, Hamster Kombat (HMSTR) was listed on OKXβs pre-market futures platform before its official token launch. Additionally, trading of HMSTR began on pre-market platforms Bybit and Gate.
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πΊπΈ The U.S. is intensifying its cryptocurrency regulation efforts.
π In September 2024, the U.S. House Committee on Financial Services will start addressing various cryptocurrency issues, including DeFi, fraud, and the actions of the Securities and Exchange Commission (SEC).
π The committee is set to hold multiple hearings: the first on September 10, two more on September 18, and the most notable one, with SEC Chair Gary Gensler testifying, on September 23.
π In September 2024, the U.S. House Committee on Financial Services will start addressing various cryptocurrency issues, including DeFi, fraud, and the actions of the Securities and Exchange Commission (SEC).
π The committee is set to hold multiple hearings: the first on September 10, two more on September 18, and the most notable one, with SEC Chair Gary Gensler testifying, on September 23.
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A solo miner has just mined a Bitcoin block and earned nearly $200,000! π
On August 29, a solo miner added block #858,978 to the Bitcoin blockchain, earning 3.275 BTC ($199,101) in block subsidy and fees. π°
π CKPool administrator Kon Kolivas noted that the user has a significant hash rate for solo miningβ38 PH/s. According to Kolivas, this performance allows for mining a block approximately every four months.
Kolivas also mentioned that this marks the 291st block mined by CKPool clients, who provide services to individual miners. The pool combines clients' computational power to increase the chances of finding blocks, but the entire reward goes to the miner whose equipment solved the problem. π»
On August 29, a solo miner added block #858,978 to the Bitcoin blockchain, earning 3.275 BTC ($199,101) in block subsidy and fees. π°
π CKPool administrator Kon Kolivas noted that the user has a significant hash rate for solo miningβ38 PH/s. According to Kolivas, this performance allows for mining a block approximately every four months.
Kolivas also mentioned that this marks the 291st block mined by CKPool clients, who provide services to individual miners. The pool combines clients' computational power to increase the chances of finding blocks, but the entire reward goes to the miner whose equipment solved the problem. π»
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September is just around the corner, and it's historically one of the most unfavorable months for Bitcoin. π§
Over the past 6 years, Bitcoin has only seen positive returns in September once (+4% last year in 2023).
When looking at the average daily performance of BTC in September, the overall picture is far from optimistic. π€·
Will Bitcoin be able to break this negative trend this year, or are we in for another decline?
βͺοΈ This time the trend will be broken after the Fed meeting - π₯
βͺοΈ We'll fall towards $40,000 - π
βͺοΈ September will be boring; the price won't go too far up or down - π
βͺοΈ What does it matter? By the end of the year, Bitcoin will be at $100,000 - π³
Over the past 6 years, Bitcoin has only seen positive returns in September once (+4% last year in 2023).
When looking at the average daily performance of BTC in September, the overall picture is far from optimistic. π€·
Will Bitcoin be able to break this negative trend this year, or are we in for another decline?
βͺοΈ This time the trend will be broken after the Fed meeting - π₯
βͺοΈ We'll fall towards $40,000 - π
βͺοΈ September will be boring; the price won't go too far up or down - π
βͺοΈ What does it matter? By the end of the year, Bitcoin will be at $100,000 - π³
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The arrest of Pavel Durov poses a serious threat to Telegram's financial stability, according to the Financial Times.
βͺοΈ Legal charges against Durov in France have significantly affected Telegram's financial prospects.
βͺοΈ The company may face challenges with its IPO plans.
βͺοΈ Telegram's bonds, in which Durov personally invested $64 million, have dropped by 10% in valueβsome are even calling it a "crash."
βͺοΈ Last year, Telegram reported a net loss of $173 million, taking into account operating expenses and taxes.
βͺοΈ The company has secured around $2.4 billion in debt financing, which is due for repayment in 2026.
βͺοΈ Legal charges against Durov in France have significantly affected Telegram's financial prospects.
βͺοΈ The company may face challenges with its IPO plans.
βͺοΈ Telegram's bonds, in which Durov personally invested $64 million, have dropped by 10% in valueβsome are even calling it a "crash."
βͺοΈ Last year, Telegram reported a net loss of $173 million, taking into account operating expenses and taxes.
βͺοΈ The company has secured around $2.4 billion in debt financing, which is due for repayment in 2026.
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Crypto soothsayer
Reuters: A U.S. federal court has dismissed a lawsuit against Elon Musk and his company Tesla, which were accused of deceiving investors by creating hype around DOGE and engaging in insider trading. The district judge ruled that Musk's tweets and statementsβ¦
Elon Musk says he is the person who wants Tesla to bring back the ability to pay for goods with Dogecoin π
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Vitalik Buterin stated that he has not sold any cryptocurrency for personal profit since 2018. π«π°
Instead, all of his sales have been used to support various projects he deems valuable, either within the Ethereum ecosystem or for broader charitable causes, such as biomedical research and development. π€²
Instead, all of his sales have been used to support various projects he deems valuable, either within the Ethereum ecosystem or for broader charitable causes, such as biomedical research and development. π€²
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Telegram's balance sheet shows nearly $400 million in cryptocurrency
The Financial Times reports that Telegram had almost $400 million in digital assets, according to the company's filings. π°
As of December 31, 2023, the value of these tokens was significantly higher than the company's cash and cash equivalents.π§
The specific assets are not detailed in the documents, but Pavel Durov has publicly stated that he personally holds only Bitcoin and Toncoin. πͺ
The Financial Times reports that Telegram had almost $400 million in digital assets, according to the company's filings. π°
As of December 31, 2023, the value of these tokens was significantly higher than the company's cash and cash equivalents.π§
The specific assets are not detailed in the documents, but Pavel Durov has publicly stated that he personally holds only Bitcoin and Toncoin. πͺ
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Bitcoin this summer π€ͺ
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What happens when AI and GameFi get an adult-themed twist? You get BubbleJump ππ
Dive into the game and be among the first 10000 players to unlock exclusive benefits. The miniapp is already live on Telegram, so jump in early and start earning! π°
π₯ The hotter the game, the bigger the rewards!
Click & Play
Telegram Community
Bubble Jumps on X
Dive into the game and be among the first 10000 players to unlock exclusive benefits. The miniapp is already live on Telegram, so jump in early and start earning! π°
π₯ The hotter the game, the bigger the rewards!
Click & Play
Telegram Community
Bubble Jumps on X
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Crypto soothsayer
While people were wondering, "Whoβs selling?!", Bitcoin miners offloaded 2,655 BTC over the weekend, totaling around $154 million.
Here's why there was a sell-off: Bitcoin miners' earnings dropped to an 11-month low in August. π
The total profits for the month were $851.4 million, marking a $100 million decrease from July. π§
The total profits for the month were $851.4 million, marking a $100 million decrease from July. π§
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According to Santiment, while small traders are in a panic, big players are busy stacking up Bitcoin. π³
In August alone, over 283 wallets crossed the 100 BTC threshold.
π Currently, there are 16,120 wallets holding more than 100 BTC, setting a new record for the past 17 months. The number of addresses with at least 10 BTC is also rising.
In the last 30 days, wallets with balances between 10 and 10,000 BTC have collectively accumulated more than 133,000 BTC, totaling over $7.6 billion. π§
In August alone, over 283 wallets crossed the 100 BTC threshold.
π Currently, there are 16,120 wallets holding more than 100 BTC, setting a new record for the past 17 months. The number of addresses with at least 10 BTC is also rising.
In the last 30 days, wallets with balances between 10 and 10,000 BTC have collectively accumulated more than 133,000 BTC, totaling over $7.6 billion. π§
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