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Cryptocurrency News Articles
This Week in Crypto: HBO Reveals the Identity of Satoshi, Google Simplifies ETH Balance Management, the FBI Deploys a Crypto to Trap Fraudsters, Mt. Gox Delays Reimbursements, and Stripe Relaunches in Crypto with Solana
Oct 14, 2024 at 04:05 pm
Between revolutionary announcements, technological evolutions, and regulatory turbulences, the crypto ecosystem continues to prove that it is both a territory of boundless innovations and a field of regulatory and economic battles. Here is a summary of the most significant news of the past week about Bitcoin, Ethereum, Binance, Solana, and Ripple.
HBO has dropped a bombshell in the crypto community with its documentary “Money Electric: The Bitcoin Mystery,” which suggests that Canadian developer Peter Todd might be the mysterious creator of Bitcoin. The film presents circumstantial evidence that Todd used the pseudonym Satoshi to conceal his identity while he was a student.
The documentary highlights Todd's online posts and his support for innovations like Replace-by-Fee (RBF) as key indicators of his involvement. However, the crypto community remains largely skeptical and prefers to keep the mystery surrounding Nakamoto intact.
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Google has made another move towards cryptocurrency adoption by enabling direct searches for balances associated with .eth domain names via its search bar. This integration with Ethereum Name Service (ENS) allows users to quickly check crypto balances without leaving Google Search, thanks to data pulled from Etherscan.
This development aims to make cryptos more accessible by avoiding the use of complex hexadecimal addresses and minimizing the risks of errors and phishing. This feature also enhances security and improves user experience, making digital asset management more fluid. With this addition, Google confirms its commitment to supporting the blockchain ecosystem and fostering wider crypto adoption by the general public.
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The FBI has employed an innovative tactic to infiltrate a network of fraudsters in the crypto sector by deploying its own cryptocurrency, NexFundAI. The investigation was initiated following a SEC alert regarding market manipulation involving the company Saitama.
NexFundAI was used to identify fraudulent practices such as wash trading by companies like Robo Inu, VZZN, and Lilian Finance, as well as market-making firms like Gotbit and CLS Global. The fraudsters were caught agreeing to manipulate the price of NexFundAI for compensation. This operation led to the indictment of 18 individuals and organizations.
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Mt. Gox, victim of one of the largest hacks in crypto history, has announced the postponement of its creditors' reimbursement to October 31, 2025, a year of additional delay. This decision aims to overcome the technical difficulties that have slowed down the process, although 21,000 creditors have already been partially reimbursed in Bitcoin and Bitcoin Cash.
Mt. Gox's wallet still holds 45,000 BTC (or 2.75 billion USD at the current rate), and this extension temporarily reduces the risk of a massive sell-off in the crypto market.
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Online payment giant Stripe is making its return to the crypto sector after a six-year break by integrating stablecoin payments via Solana. The company had stopped its support of Bitcoin in 2018 due to slow transactions and volatility.
Now, Stripe is betting on USDC, a stablecoin issued by Circle, which offers crucial stability for commercial transactions. US merchants can directly receive dollars, and Stripe handles the conversion. Solana stands out with its near-zero fees and high processing speed, surpassing Ethereum and Polygon, making it an ideal choice for Stripe.
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- WallitIQ (WLTQ) – The Revolutionary Crypto Wallet Designed to Become Investors' Top Choice
- Oct 14, 2024 at 08:15 pm
- WallitIQ (WLTQ) is a revolutionary crypto wallet set to become investors' top choice for storing and managing their digital assets. This platform has been designed using sophisticated AI technology and advanced Machine Learning (ML) to help provide a safe and hassle-free wallet experience for crypto investors.
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- Coinbase Completes First-Ever AI-to-AI Cryptocurrency Transaction, Ushering New Chapter in AI and Blockchain Convergence
- Oct 14, 2024 at 08:15 pm
- Announced by Coinbase CEO Brian Armstrong in late August, this deal involves two artificial intelligence agents trading AI tokens—strings of data allowing big language models (LLMs) to process and grow—instead of conventional crypto tokens.
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- Lunex Network Presale: A Lucrative Opportunity to Outperform Binance Coin (BNB)
- Oct 14, 2024 at 08:15 pm
- Many Binance holders have had enough of the uncertainty, and are moving to invest in Lunex Network ($LNEX). This dynamic new protocol offers a wide array of trader perks and uses the latest smart contract technologies to ensure some of the lowest fees that have ever graced the crypto space.