Author: CryptooTimes

Blockchain forensics firm Chainalysis has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang. Crypto analysis firm Chainalysis has traced $169 million in Bitcoin linked to the notorious 911 S5 botnet, a revelation that played a crucial role in the recent arrest of Yunhe Wang, a Chinese national allegedly involved in controlling the botnet. In a blog post, the New York-headquartered firm said the botnet’s illicit operations enabled it to generate substantial revenue through crypto subscriptions sold to cybercriminals engaging in activities like password spraying attacks, financial fraud, identity theft,…

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. AVAX, ADA, and MATIC show promise, but Rollblock’s blockchain casino concept may outshine them all, offering compelling returns. Avalanche (AVAX), Cardano (ADA), and Polygon (MATIC) are three altcoins that have showcased a significant price uptrend during the past trading sessions, and all of them have the potential to reach new heights during 2024 based on the latest price predictions, as seen from the on-chart data, and analytical overview. Yet, Rollblock (RBLK) is set to surpass all of them, and…

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Speaking at Consensus 2024, Cathie Wood chimed in on her crypto preferences, indicating a partiality to Bitcoin.  During a panel discussion at Consensus 2024, Cathie Wood, CEO of ARK Invest, made her stance clear, expressing strong support for Bitcoin (BTC) over all other coins. “It is a big idea and unstoppable,” Wood said of Bitcoin, “There’s no throat to choke. When Facebook launched Libra, there was a throat to choke, but there’s no such vulnerability with Bitcoin.” Wood argued that no other crypto comes close to Bitcoin’s potential and significance. She addressed the importance of maintaining Bitcoin’s principles, like decentralization…

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“The fact that you’ve seen $58 billion or so come to the ETFs has been a strong sign that the market is looking for regulation in traditional structures,” Martin said. “So, hopefully, the [U.S. Securities and Exchange Commission] saw the inflows and said, ‘Hey, this makes a lot of sense,’ considering bitcoin ETFs have been a tremendous success.” Source link

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Speaking at Consensus 2024, Republican majority whip Tom Emmer shared his perspective on cryptocurrency regulatory efforts in Washington D.C.  Following several bankruptcies and FTX’s crash in 2022, crypto has remained a hot topic among U.S. policymakers as industry stakeholders like Coinbase lobbied for clear rules.  Regulators like the Securities and Exchange Commission (SEC) and Senators like Elizabeth Warren from Massachusetts adopted an anti-crypto approach, initiating industry crackdowns and calling for tighter rules on digital asset operations.  On the surface, crypto seemed locked in an uphill battle, but advocacy and rapid blockchain adoption have impacted discussions in Washington within both Democrat…

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