Crowdfund Insider
AI and “Humanity” Focused Worldcoin Project Developers Announce Updates and Initiatives in San Francisco
Worldcoin recently shared a key project update in San Francisco. The Worldcoin initiative has reportedly been created to accelerate "humanity,".
Worldcoin and other major players, as part of a global initiative, are discussing key updates in digital technologies and new methods for onboarding users in the age of AI.
On October 17, the Worldcoin team will present updates that will allow the project to scale from 7 million users to 700 million.
On October 17, the Worldcoin team will present updates that will allow the project to scale from 7 million users to 700 million.
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Cryptocurrency traders lost over $30 million in just one hour due to Bitcoin price fluctuations.
At 13:30 UTC yesterday, Bitcoin's price saw a sharp rise from $65,500, gaining 3% within 30 minutes and reaching $67,950 on Binance, the highest price since late July. However, the price quickly began to fall, and by 15:00 UTC, Bitcoin had dropped nearly 4%, erasing all earlier gains.
According to Coinglass, during the initial price surge, traders who bet on a Bitcoin price drop saw their short positions liquidated, totaling over $20 million. This occurred as they lacked sufficient funds to maintain their open positions when the market moved against them.
As the price began to fall, long positions were forcibly closed on exchanges. Traders who had bet on the continued price rise lost over $11 million on long Bitcoin positions in just one hour.
Overall, more than 92,000 traders across major crypto exchanges faced liquidation over the past 24 hours, with total losses exceeding $300 million. Due to the market's volatility, both short and long traders were nearly equally affected.
At 13:30 UTC yesterday, Bitcoin's price saw a sharp rise from $65,500, gaining 3% within 30 minutes and reaching $67,950 on Binance, the highest price since late July. However, the price quickly began to fall, and by 15:00 UTC, Bitcoin had dropped nearly 4%, erasing all earlier gains.
According to Coinglass, during the initial price surge, traders who bet on a Bitcoin price drop saw their short positions liquidated, totaling over $20 million. This occurred as they lacked sufficient funds to maintain their open positions when the market moved against them.
As the price began to fall, long positions were forcibly closed on exchanges. Traders who had bet on the continued price rise lost over $11 million on long Bitcoin positions in just one hour.
Overall, more than 92,000 traders across major crypto exchanges faced liquidation over the past 24 hours, with total losses exceeding $300 million. Due to the market's volatility, both short and long traders were nearly equally affected.
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Analysts at Standard Chartered suggest that Bitcoin could reach a new all-time high within the next three weeks, even before the U.S. elections. The reasons cited include Donald Trump's increased chances of winning, significant inflows into spot Bitcoin ETFs, and heightened activity in the crypto derivatives market.
Meanwhile, Bitwise highlighted Bitcoin's performance following previous U.S. presidential elections and hinted at a continuation of the rally into 2025, referring to the current cycle as having entered the "mainstream."
Meanwhile, Bitwise highlighted Bitcoin's performance following previous U.S. presidential elections and hinted at a continuation of the rally into 2025, referring to the current cycle as having entered the "mainstream."
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Ilya Lichtenstein, responsible for the theft of 120,000 bitcoins from the Bitfinex exchange, is set to be sentenced to 5 years in prison.
The U.S. prosecution has requested a five-year prison term for Lichtenstein on charges of money laundering related to the 2016 Bitfinex hack. Lichtenstein, a Russian citizen, and his wife, Heather Morgan (known as Razzlekhan), pled guilty in 2023 to the attack, which resulted in the theft of around 120,000 bitcoins—worth approximately $70 million at the time of the hack in August 2016, or around $8 billion at the current rate.
U.S. authorities are seeking a reduced sentence due to Lichtenstein's cooperation with the investigation, including his assistance in other cases. For instance, Lichtenstein testified against the operator of the Bitcoin Fog crypto mixer earlier this year. Heather Morgan is facing a significantly lighter sentence, with prosecutors last week seeking an 18-month prison term, as Lichtenstein is considered the main figure responsible for the Bitfinex hack.
According to court documents, Lichtenstein has agreed to return funds to Bitfinex in multiple cryptocurrencies, including 94,643 BTC, totaling over $6 billion at current prices, as compensation. Bitfinex is the only victim, and its users affected by the hack were compensated through the issuance and later buyback of BFX tokens.
The U.S. prosecution has requested a five-year prison term for Lichtenstein on charges of money laundering related to the 2016 Bitfinex hack. Lichtenstein, a Russian citizen, and his wife, Heather Morgan (known as Razzlekhan), pled guilty in 2023 to the attack, which resulted in the theft of around 120,000 bitcoins—worth approximately $70 million at the time of the hack in August 2016, or around $8 billion at the current rate.
U.S. authorities are seeking a reduced sentence due to Lichtenstein's cooperation with the investigation, including his assistance in other cases. For instance, Lichtenstein testified against the operator of the Bitcoin Fog crypto mixer earlier this year. Heather Morgan is facing a significantly lighter sentence, with prosecutors last week seeking an 18-month prison term, as Lichtenstein is considered the main figure responsible for the Bitfinex hack.
According to court documents, Lichtenstein has agreed to return funds to Bitfinex in multiple cryptocurrencies, including 94,643 BTC, totaling over $6 billion at current prices, as compensation. Bitfinex is the only victim, and its users affected by the hack were compensated through the issuance and later buyback of BFX tokens.
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Santiment: The XRP Ledger has significantly increased the number of active wallets, reaching 35,799 unique wallets that made at least one transaction in a single day, which is the highest figure in the last 3 months.
Additionally, 3,858 new wallets were created in one day, the highest number in the last 7 months!
Additionally, 3,858 new wallets were created in one day, the highest number in the last 7 months!
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Vitalik Buterin criticized Michael Saylor, co-founder of MicroStrategy, after his interview on the podcast Markets with Madison — Saylor questioned the importance of self-custody of crypto assets, suggesting trust in large institutions.
Buterin called this "insane" and stated that such an approach contradicts the principles of decentralization.
Buterin called this "insane" and stated that such an approach contradicts the principles of decentralization.
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Bloomberg.com
Crypto Exchange Kraken Plans to Launch Its Own Blockchain Early Next Year
One of world’s oldest crypto exchanges, Kraken, plans to launch a blockchain early next year for decentralized applications that allow for trading, borrowing and lending of tokens without intermediaries.
The Kraken exchange plans to launch its own blockchain next year.
The network will be named Ink, with a test version launching later this year and the main network going live in the first quarter of 2025.
The network will be named Ink, with a test version launching later this year and the main network going live in the first quarter of 2025.
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Tether has published a statement on its website addressing The Wall Street Journal. Company representatives described the journalists' publication about the investigation against Tether as "irresponsible," calling the accusations baseless and based on rumors and unnamed sources.
The WSJ article deliberately ignores documented facts of Tether's cooperation with law enforcement and instances of criminal wallet blocking, Tether noted.
The WSJ article deliberately ignores documented facts of Tether's cooperation with law enforcement and instances of criminal wallet blocking, Tether noted.
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A fake version of the decentralized exchange Curve Finance entered the top 100 financial apps for iOS in regions such as Europe, Latin America, and Southeast Asia.
The app has a 1-star rating with numerous negative comments.
The app has a 1-star rating with numerous negative comments.
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The Bitcoin ETF from BlackRock attracted a record $872 million during the October 30 trading session, surpassing inflows seen when BTC reached its price peak in March.
In the past two weeks, U.S. Bitcoin ETFs have received around $5 billion, with over half of this amount going to BlackRock’s fund. Only 10% of all existing ETFs have ever reached such capital volumes.
In the past two weeks, U.S. Bitcoin ETFs have received around $5 billion, with over half of this amount going to BlackRock’s fund. Only 10% of all existing ETFs have ever reached such capital volumes.
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Forwarded from Crypto Invest Hub
Changpeng Zhao made his first public appearance since being released from prison.
The founder of Binance, Changpeng Zhao (CZ), attended a public event for the first time after his release from prison. Zhao shared his vision for Bitcoin’s future during his speech at Binance Blockchain Week.
At the end of 2023, Binance agreed to replace Zhao as the head of the platform and pay a $4.3 billion fine to settle U.S. Department of Justice charges related to money laundering and sanctions violations. Zhao was sentenced to an additional $50 million fine and a four-month prison term, and he was released at the end of September.
Zhao mentioned that during his time in prison, several guards asked him which cryptocurrencies to buy. While he declined to make short-term price predictions for Bitcoin, he expressed confidence in its growth, citing the four-year cycle: Bitcoin typically hits a new peak, corrects, recovers to the previous high, and then climbs to a new record. According to Zhao, 2024 is a year of recovery.
In September, Binance announced that Zhao was permanently barred from managing the exchange. He stated that he does not intend to return to management and will instead focus on investing in blockchain projects, AI, and biotech.
The founder of Binance, Changpeng Zhao (CZ), attended a public event for the first time after his release from prison. Zhao shared his vision for Bitcoin’s future during his speech at Binance Blockchain Week.
At the end of 2023, Binance agreed to replace Zhao as the head of the platform and pay a $4.3 billion fine to settle U.S. Department of Justice charges related to money laundering and sanctions violations. Zhao was sentenced to an additional $50 million fine and a four-month prison term, and he was released at the end of September.
Zhao mentioned that during his time in prison, several guards asked him which cryptocurrencies to buy. While he declined to make short-term price predictions for Bitcoin, he expressed confidence in its growth, citing the four-year cycle: Bitcoin typically hits a new peak, corrects, recovers to the previous high, and then climbs to a new record. According to Zhao, 2024 is a year of recovery.
In September, Binance announced that Zhao was permanently barred from managing the exchange. He stated that he does not intend to return to management and will instead focus on investing in blockchain projects, AI, and biotech.
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Qq
泰国警察团伙“上门”勒索华裔男子上百万元，9名警察涉案被捕_腾讯新闻
近日，泰国警方侦破一起虚假执法勒索华人的案件，涉及12名嫌疑人，其中包括泰国警方内部人员和协助的中国籍翻译。据了解，案件发生在瓦努阿图籍华裔男子赛先生的家中。当时，赛先生和家属，以及几位中国朋友和家佣在现场。 ▲3名涉案网警主动自首赛先生报案称，10月中旬，6名身穿制服的泰国警察及一名普通人伪装成执法人员...
In mid-October, six Thai police officers broke into a Chinese citizen's home, accused him of document forgery, and demanded 10 million USDT.
The Chinese citizen immediately transferred the money and later reported the incident through a lawyer. As a result, 12 people were arrested, including 9 police officers.
The Chinese citizen immediately transferred the money and later reported the incident through a lawyer. As a result, 12 people were arrested, including 9 police officers.
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