834650
Alterwid

@alterwid #834650

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Ripple Labs co-founder donates $1 million to support Kamala Harris

Ripple Labs co-founder Chris Larsen donated $1 million to Future Forward, an organization that accepts cryptocurrency donations for Vice President Kamala Harris' election campaign.

It recently became known that on August 14, 2024, Larsen transferred 1.75 million XRP ($1 million at that time) to the organization’s account.
The Crypto com exchange has received a “Wells Notice” from the US Securities and Exchange Commission (SEC), media reports.

UPD: The exchange filed a counterclaim against the SEC after receiving a notification from the Commission's staff.

*The Wells Notice is a document from the SEC warning the company of possible legal action.
Robinhood Chief Legal Officer Dan Gallagher could replace Gary Gensler as SEC chairman if Trump wins the election.

Gallagher is considered a leading candidate for the position, Politico reports.
In September 2024, 116 Web3 and blockchain projects raised funding totaling $731.2 million.
CEO CryptoQuant: China controls 55% of Bitcoin hashrate, despite the ban on cryptocurrencies. At the same time, dominance is gradually shifting to American mining companies - already 40% of computing power is located in the United States.
#LayerZero
🔘 We launched the hallmark of an unbranded drop of $ZRO tokens. Link to the claim (https://layerzero.foundation/claim) .Drop criteria: have at least 1 transaction using LayerZero after June 20 and not be noted in previous Sybil lists. Approximately 12.5M+ $ZRO tokens distributed
SEC Approves BlackRock's Options Trading Application for Spot Bitcoin ETF

The US Securities and Exchange Commission (SEC) has approved a joint application by BlackRock and the Nasdaq exchange to launch stock options trading on spot Bitcoin ETFs.

The agency has authorized trading and listing of this product for iShares Bitcoin Trust under the ticker IBIT.
UPD: BingX stated that they have already managed to freeze $10 million stolen by hackers. Most of the funds are safe because they are in the coldest wallets, noted top manager of the Exchange Vivien Lin.

She also notes that the company has sufficient reserves to cover all possible losses.
ZachXBT investigated the theft of $243 million in bitcoins

On-chain analyst ZachXBT conducted “one of his best investigations” - the specialist uncovered a $243 million incident where three attackers, using social engineering, stole 4064 BTC from the lender Genesis.

Subsequently, the hackers distributed these funds across 15 platforms.

The perpetrators of the scheme posed as Google support employees to gain access to the victim's personal account by resetting two-factor authentication. The victim also leaked his private keys from Bitcoin Core via screen broadcast.

ZachXBT provides videos from the perspective of scammers immediately after the “operation”. Using OSINT, he was able to identify them. Soon, some of the stolen funds were blocked, and the attackers were arrested.
The inflow of funds into crypto funds increased to $436 million

Over the past week, capital inflows into crypto funds have risen to $436 million, according to CoinShares. Trading volume amounted to $8 billion.

Bitcoin-based products attracted $436 million, Ethereum outflowed $19 million.

At the regional level, most of the inflow came from the US market - $416 million. Switzerland and Germany also became leaders - $27.1 million and $10.6 million, respectively.
The US crypto industry has donated more than $190 million to the 2024 elections, almost 13 times more than in 2020.
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3. Regulatory Scrutiny: Governments and regulatory bodies are increasingly scrutinizing cryptocurrency transactions to prevent money laundering and other illicit activities. This has led to exchanges implementing Know Your Customer (KYC) regulations, which require users to verify their identities.

4. Tracking Tools: There are various blockchain analysis tools that can track and analyze transactions on public blockchains. These tools can potentially de-anonymize users, especially if they interact with centralized exchanges that require personal information.

5. User Practices: The level of confidentiality also depends on how users manage their wallets and transactions. Using best practices, such as mixing services or privacy-focused wallets, can enhance confidentiality.
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Cryptocurrency can offer a degree of confidentiality, but its level of privacy has evolved over time. Here are some key points to consider:

1. Public Ledger: Most cryptocurrencies, like Bitcoin and Ethereum, operate on public blockchains. This means that all transactions are recorded on a public ledger, which can be viewed by anyone. While the identities of the users are not directly tied to their wallet addresses, sophisticated analysis can sometimes link addresses to individuals.

2. Privacy Coins: Some cryptocurrencies, such as Monero and Zcash, are designed specifically to enhance privacy and confidentiality. They use advanced cryptographic techniques to obscure transaction details, making it much harder to trace transactions back to individuals.
Here are some key points regarding BlackRock's involvement in crypto:

1. Bitcoin ETF Applications: BlackRock has filed for a Bitcoin exchange-traded fund (ETF), which would allow investors to gain exposure to Bitcoin through a regulated investment vehicle. This move is seen as a significant endorsement of cryptocurrency by a major financial institution.

2. Investment in Blockchain Technology: BlackRock has also invested in companies that are involved in blockchain technology, recognizing its potential to transform various industries.

3. Crypto Research and Strategy: The firm has been conducting research on cryptocurrencies and exploring how they can fit into investment portfolios. This includes analyzing the risks and opportunities associated with digital assets.

Overall, BlackRock's engagement with cryptocurrencies reflects a broader trend among institutional investors recognizing the potential of digital assets.
The TON network experienced significant strain following the listing of DOGS.

TON developers reported a substantial load on the blockchain due to the token DOGS being listed on a centralized exchange (CEX). The number of requests reached 150,000 per minute.

Additionally, some functions in the Telegram Wallet are not operational. Excessive user activity has also caused issues for cryptocurrency exchanges Bybit, Binance, and OKX.

Meanwhile, French President Emmanuel Macron stated that Pavel Durov was detained as part of a judicial investigation and that the arrest has no political motives.