Tokens

Huge ‘screw-up’ — Pump Science apologizes after flood of fraud tokens

November 28, 2024 Coin Telegraph

Pump Science partially blamed Solana-based software firm BuilderZ for leaving the private key to the dev wallet address on GitHub for the public to see.

Decentralized science platform Pump Science has apologized to its users after its private key was leaked on GitHub — allowing a “known attacker” to create fraudulent tokens using its Pump.fun profile.

“We do not want to diminish how much of a screw-up this was, we totally acknowledge that this is a huge issue and misstep on our part,” Pump Science’s Benji Leibowitz said in an ask-me-anything (AMA) session hosted on X on Nov. 27.

“This absolutely will not happen again,” he said, adding:

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

Pump.fun’s memecoin freak show may result in criminal charges: Expert

November 26, 2024 Coin Telegraph

Coin Telegraph

Pump.fun has halted its broadcast feature after significant backlash, while a legal expert warns the extreme content can open up criminal investigations and civil lawsuits.

Launchpad Pump.fun’s livestream feature has seemingly turned into a platform for developers to broadcast extreme shock content to promote their tokens — and it may result in civil or criminal lawsuits according to legal experts.

From suicide threats and animal abuse to pornography, developers pushing boundaries have faced little to no consequences beyond having their content removed.

Meanwhile, industry participants urged Pump.fun to pull the plug on its livestreams, which it did earlier today until such time as it can properly moderate content.

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

‘Science needs an update’: How DeSci can fix junk science and cure baldness

November 22, 2024 Coin Telegraph

Coin Telegraph

DeSci advocates say “traditional science” has fallen prey to regulatory capture and been maligned by corporate greed and now a blockchain-based update is in order.

Decentralized science (DeSci) — a new field that updates scientific research with blockchain and crypto — may hold the key to revolutionizing the future of science by bootstrapping new blockchain-based funding models and making research more accessible.

Speaking to Cointelegraph, Joshua Bate, the founder of DeSci World, said DeSci is a much-needed “update” to the broken software of trad science, which he says has become crippled by pointless incentives, including gatekept data, regulatory capture and corporate greed.

Bate said DeSci can be thought of as an extension of the “open science movement” — an initiative of researchers sharing data and publishing open research that began as far back as the 1600s.

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

Ex-Pimco, Millennium execs set up crypto advisory business

November 11, 2024 Coin Telegraph

Advisory

After leaving crypto liquidity firm GSR in 2023, former Millennium and Pimco executives are coming back to crypto by launching a dedicated advisory firm.

Two former executives at major American investment management firms, Millennium Management and Pacific Investment Management Co (Pimco), are reentering the cryptocurrency space amid a major market rally.

Millennium’s ex-portfolio manager Benoit Bosc and Pimco’s former executive vice president Michael Bressler left their posts to set up a new crypto consultancy firm, x2B, Bloomberg reported on Nov. 11.

Expected to launch in November 2024, x2B will advise crypto projects on sectors like fundraising, tokenomics and market-maker strategy, exchange listing and treasury management.

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

New York Regulator Hiring Blockchain Analyst to Tackle Crypto Crimes

October 7, 2024 Bitcoin.com

AML

New York’s financial regulator has a job opening for a Virtual Currency Senior Blockchain Analytics Analyst. The permanent position focuses on preventing financial crimes such as money laundering and fraud by ensuring compliance in the growing virtual currency sector. The role involves using blockchain analytics to monitor risks. Applications are due by Oct. 14. New […]

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

Crypto Ponzi Leader Receives 121-Month Prison Sentence

October 6, 2024 Bitcoin.com

bitcoin.com

David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more […]

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

Bitcoin miner wallets awaken after over 15 years — Is this Satoshi?

September 20, 2024 Coin Telegraph

Analytics

Five miner wallets that received block rewards weeks after Bitcoin launched have started moving their coins.

Wallets belonging to early Bitcoin miners who received coins as rewards shortly after the blockchain’s launch by its pseudonymous creator, Satoshi Nakamoto, have recently been observed moving their BTC.

On Sept. 20, five miner wallets that received 50 Bitcoin (BTC) each as block rewards in 2009 started to move their funds. Blockchain data shows that one wallet received the mining reward on Jan. 29, 2009, while three received block rewards on Jan. 31, 2009. The last wallet received a block reward on Feb. 2, 2009.

One of the Bitcoin wallets seen moving mined BTC. Source: Blockchain.com

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

SEC Regrets Confusion Over ‘Crypto Asset Securities’ — Ripple and Coinbase Weigh In

September 16, 2024 Bitcoin.com

Binance

Coinbase and Ripple legal chiefs, Paul Grewal and Stuart Alderoty, have criticized the U.S. Securities and Exchange Commission (SEC) for its inconsistent approach to classifying tokens as securities. Grewal referenced Footnote 6 in the SEC’s amended complaint against Binance, where the agency admitted creating confusion by labeling tokens as securities. He also pointed out the […]

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

Movement Labs targets 1-second L2 finality by end of 2024: Co-founder

September 11, 2024 Coin Telegraph

Coin Telegraph

Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said.

Movement Labs aims to launch a new mechanism for quickly settling transactions directly on layer 2 (L2) scaling networks by the end of 2024, Rushi Manche, Movement’s co-founder, told Cointelegraph in an interview.

Fast finality ‘postconfirmations’ are an alternative to existing methods for settling Ethereum (ETH) L2 transactions — such as zero-knowledge (ZK) and fraud proofs — with the potential to cut confirmation times to less than 1 second, Movement said in a Sept. 2 blog post.

Total value locked (TVL) on L2s has more than tripled in 2024 to almost $35 billion, according to L2Beat, as Ethereum’s surging popularity strains the network’s limited bandwidth.

Bitcoin Technical Analysis: Weak Recovery Signals Hint at Further Downside

Celebrities boost crypto projects but don’t guarantee legitimacy

September 6, 2024 Coin Telegraph

In some cases, celebrity backing for a crypto project is a red flag because it’s a scam ad made by criminals.

Celebrity backing can make a big difference in the success of a crypto project, but that doesn’t mean the endorsement of a famous person makes it trustworthy.

According to a 2023 research paper by two former United States Securities and Exchange Commission economists, Joshua White and Sean Wilkoff, there is a link between a celebrity endorsement of a crypto project and the likelihood of its dubiousness.

During their research, White and Wilkoff found that in 2019, 26% of the initial coin offerings (ICO) they examined were likely scams. That number increased to nearly 40% by 2023.

Share this video