An investment arm of United States-based blockchain firm Algorand loses up to $2 million in crypto after its CTO’s phone was hacked. Algo Capital, an investment arm of United States-based blockchain firm Algorand, has lost roughly $1–2 million in Tether (USDT) stablecoins and Algorand (ALGO) tokens after its CTO Pablo Yabo’s mobile phone was compromised.…
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Liechtenstein’s Parliament unanimously passed the Blockchain Act, making it the first country to have comprehensive regulation of the token economy. Liechtenstein’s Parliament has unanimously passed the Act on Tokens and Entities Providing Services Based on Trusted Technologies (TVTG), also known as the Blockchain Act. Pioneer in comprehensive regulation On Oct. 3, the Parliament of Liechtenstein…
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Former Iraqi interpreter for the U.S. military sentenced to 30 years in jail for selling fentanyl on the dark web, taking payment in crypto. A former interpreter for the United States military forces was sentenced to 30 years in jail for dealing fentanyl, which led to the death of a U.S. Marine. Drugs paid for…
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This week’s selected cryptocurrency and blockchain news from the German-speaking world, courtesy of Cointelegraph auf Deutsch. The German-speaking world has experienced another week full of exciting developments in the crypto industry, with Liechtenstein approving the new Blockchain Act, Iota Foundation joining the European climate research community and Germany taking a firm stand against stablecoins. Here…
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Bitcoin price needs to climb above $8,200 soon or bears could step in to push the price down to $7,800 and below. Weekly crypto market data. Source: Coin360 As the weekly close approaches Bitcoin remains pinned in the $8,300 to $7,800 range. For the past few days, the digital asset has made lower daily…
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Bitcoin is positively correlated with the S&P 500 and is not a hedge against macro turmoil, according to Fundstrat Global Advisors co-founder Tom Lee. Fundstrat Global Advisors co-founder Tom Lee has stated that Bitcoin (BTC) is positively correlated with the S&P 500 market index and is not a hedge against macro turmoil. Lee voiced his…
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Crypto markets are slightly red today, with only 2 out of the top 20 coins by market cap seeing gains and BTC price dipping below $8,100. Saturday, Oct. 5 — crypto markets are trading sideways today, with most of the top 20 coins by market cap seeing losses and Bitcoin (BTC) dipping below $8,100. Only…
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Tether and its affiliate exchange Bitfinex announce that they are prepared to fight lawsuits alleging that USDT is involved in market manipulation. Stablecoin firm Tether and its affiliate exchange Bitfinex anticipate a lawsuit alleging that Tether token (USDT) is involved in market manipulation as the result of an unpublished paper. Tether and Bitfinex to defend…
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Was the impact of the “crypto winter” on the entire industry positive or negative? Take a look in an in-depth analysis. It’s hard to tell who was the first to coin — if you’ll forgive the pun — the name for the dramatic price drop of Bitcoin (BTC) and altcoins as the “crypto winter.” But…
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As cyber security becomes prevalent in the crypto space, can major insurance companies provide users with a much-needed safety net? The growth in popularity of cryptocurrencies has, in many ways, outpaced the infrastructure built to support it. In terms of security, cryptocurrency exchanges that serve both as a marketplace and a store of the digital…
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