Crypto phishing scams drained $46M in September
Over $127 million was stolen in Q3 2024 due to phishing attacks, with September alone seeing losses of $46 million.
Over $127 million was stolen in Q3 2024 due to phishing attacks, with September alone seeing losses of $46 million.
Coinbase will delist noncompliant stablecoins from its European platform by the end of December to comply with the EU’s MiCA regulations.
Vietnamese police arrest five individuals linked to a crypto scam network, unraveling an offshore-led operation targeting unsuspecting victims.
Brazil’s central bank is developing a synthetic central bank digital currency that blends decentralization, privacy and programmability.
Christopher DeVocht made a large share of his wealth from Tesla options before its share price tanked in 2022, triggering a cascade of problems.
Lejilex asked a Texas federal court for a preemptive ruling that would clear it from any potential SEC enforcement action before it launches a crypto exchange.
According to Cointelegraph, documentary filmmaker Cullen Hoback and HBO have announced the debut of their upcoming film “Money Electric: The Bitcoin Mystery,” which hints at potentially revealing the true identity of Bitcoin creator Satoshi Nakamoto.Cullen Hoback, known for his HBO miniseries “Q: Into the Storm,” where he claimed to have identified several authors of the QAnon conspiracy theory, has now turned his investigative efforts towards the origins of Bitcoin (BTC). In this latest project, Hoback attempts to uncover the true identity of the engineer known as “Satoshi Nakamoto,” credited with inventing Bitcoin and its underlying technology.Hoback has teased the documentary, stating, “A few of you might have wondered why I disappeared. Well, I was tracking down someone else who disappeared. Curious who's behind Bitcoin? MoneyElectric: The Bitcoin Mystery drops next Tuesday. It's going to be a rollercoaster.” However, he stopped short of declaring that he had definitively determined Nakamoto’s identity, instead suggesting that the film would be an exciting journey.While Hoback and HBO imply that a revelation might occur, the film’s official trailer and Hoback’s statements do not explicitly confirm that an individual has been identified. The possibility remains open that Nakamoto could be an individual, a group of people, or someone previously overlooked by investigations.The mystery surrounding Bitcoin’s creator has intrigued the cryptocurrency community since Nakamoto went dormant in December 2010. Over the years, several candidates have been considered, and as Cointelegraph recently reported, even the FBI has not confirmed or denied whether it possesses information on Nakamoto’s identity. At one point, computer scientist Craig Wright claimed to be Satoshi Nakamoto but later rescinded his claims in sworn statements.“MoneyElectric: The Bitcoin Mystery” is set to air on HBO on Oct. 8. While the rumored revelation of Nakamoto’s identity might be speculative, if Hoback has indeed managed to uncover the truth, the implications could have significant impacts on the financial world.
According to BlockBeats, on October 4, JPMorgan Chase projected that the United States would see an increase of 125,000 in nonfarm payrolls for September. The financial institution also indicated that a 50 basis point interest rate cut remains a possibility.
According to Odaily, the number of initial jobless claims in the United States for the week ending September 28 reached 225,000, slightly above the expected 220,000. The previous week's figure was revised from 218,000 to 219,000.The four-week moving average of initial jobless claims for the same period was 224,250, a slight decrease from the previous week's revised average of 225,000, which was initially reported as 224,750.Continuing jobless claims for the week ending September 21 stood at 1.826 million, lower than the anticipated 1.832 million. The previous week's figure was revised down from 1.834 million to 1.827 million.
According to Cointelegraph, banks across North America, Europe, and Asia are gearing up to participate in new digital asset trials initiated by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT announced on October 3 that it will commence a digital asset trial on its network in 2025. The trial will focus on experimenting with transactions involving multiple digital currencies and assets.The primary objective of these trials is to explore how the banking network can offer financial institutions unified access to various digital asset classes and currencies. Initial use cases will concentrate on payments, foreign exchange, securities, and trade, enabling multi-ledger delivery-versus-payment and payment-versus-payment transactions.In its announcement, SWIFT emphasized the rapid growth of unconnected platforms and technologies within the digital asset economy, leading to an increasingly fragmented landscape. This fragmentation, according to SWIFT, poses significant challenges to global adoption by creating a complex web of 'digital islands.'SWIFT aims to leverage its unique position to interlink these disparate networks with each other and with existing fiat currencies. This initiative is intended to enable its global community to seamlessly transact using digital assets and currencies alongside traditional forms of value.Cointelegraph reached out to SWIFT for comments regarding which digital assets are likely to be part of its blockchain trials in 2024 but did not receive a response at the time of publication. This is a developing story, and further information will be added as it becomes available.