Author: Miller Trump

PYTH Network and Derivatives Market Hit All-Time Lows Influx of Interest Followed by Sharp Decline The PYTH token, which serves as the base token for the oracle service provider PYTH Network, experienced a surge in interest in March, reaching a record high of $113 million. However, this was followed by a steep decline, with total open interest plummeting to an all-time low of $19 million. This drastic shift reflects the volatility and uncertainty present in the cryptocurrency market. Market Liquidations and Bearish Sentiment The recent downturn in cryptocurrency markets led to a wave of liquidations among PYTH derivatives traders, resulting…

Bitcoin appears to be on the verge of confirming a death cross, but one analyst says historical data shows it has nothing to worry about. Bitcoin Death Cross: Should Investors Be Concerned? When it comes to Bitcoin and its price movements, investors often look for technical indicators to predict future trends. One such indicator that has been causing a stir recently is the potential death cross formation on the Bitcoin chart. But should investors really be concerned about this ominous-sounding signal? Understanding the Death Cross The term “death cross” is used in technical analysis to describe a bearish crossover between…

Resurgence of Doxxing: A Toxic Digital Revenge Since the early 1990s, doxxing has been utilized as a malicious way to strip individuals of their anonymity by exposing their identities online. However, in recent years, this harmful practice has experienced a resurgence, with individuals falling victim to doxxing and extortion for cryptocurrency, and in some extreme cases, facing physical violence. Financial Motivations Behind Doxxing Security researcher Jacob Larsen, who has been monitoring doxxing groups for the past year, highlights the financial aspect of doxxing, particularly in cases of physical extortion. Larsen’s research reveals that doxxing practices can generate significant revenue, with…

Bitcoin Bears Remain Active as Recovery Rally Falters Bitcoin’s recovery rally is losing steam, suggesting bears remain active at higher levels. Bitcoin, the world’s most well-known cryptocurrency, has recently been experiencing a period of volatility. After a strong rally earlier this year, the digital currency has struggled to maintain its momentum. Despite some recovery attempts, Bitcoin has failed to break through key resistance levels, signaling that bearish sentiment may still be prevalent in the market. The current state of Bitcoin At the time of writing, Bitcoin is trading at around $35,000, significantly lower than its all-time high of over $60,000.…

WIF Token Soars as Memecoins and Crypto Market Struggles The WIF token has experienced a significant rally, surpassing memecoins, Bitcoin, and other altcoins that are currently facing a downturn in the market. This surge in performance has caught the attention of many investors and analysts alike, as WIF demonstrates resilience amidst market volatility. The Rise of WIF Token Despite the overall market turmoil, WIF has managed to outshine its competitors with a double-digit rally that has impressed many within the cryptocurrency community. This surge in value can be attributed to several factors, including strong community support, solid project fundamentals, and…

Brooklyn Judge Denies New Trial for Genaro Garcia Luna A Brooklyn judge has made a significant ruling regarding the case of former Mexican police chief Genaro Garcia Luna. Despite efforts to challenge his conviction, the judge has decided against granting him a new trial. This decision comes after revelations of bribery and corruption within the Metropolitan Detention Center involving Garcia Luna. Bribery Scandal and Conviction Genaro Garcia Luna, a former Mexican public security minister, was previously convicted of accepting millions of dollars in bribes from the notorious Sinaloa drug cartel led by El Chapo. The evidence presented during the trial…

WIF Surges Ahead Amid Market Turmoil While many cryptocurrencies are experiencing a downturn, Wrapped Finance (WIF) has defied the odds and posted an impressive double-digit rally. This surge comes at a time when memecoins, Bitcoin, and other altcoins are struggling to maintain their value amid a broader sell-off in the market. Transition words like “however” and “while” can help to guide the reader through the contrasting performance of WIF compared to other digital assets. The Resilience of WIF in a Volatile Market One of the key factors driving the success of Wrapped Finance in the current market environment is its…

Best Places for High School Graduates to Start Their Careers in the U.S. Growing Trend of High School Graduates Turning to Industry over College Chipotle Mexican Grill, Lowe’s, and Walgreens are recognized as some of the top places to work for high school graduates in the United States. A recent study conducted by Harvard Business School, the Schultz Family Foundation, and the Burning Glass Institute analyzed hiring practices and internal promotion rates at 400 large U.S. companies. Recognition for Competitive Wages and Career Growth Walgreens, one of the companies featured in the study, expressed pride in being acknowledged for its…

Florida man charged with assault after stabbing at Long Island amusement park A man from Florida has been charged with assault after allegedly stabbing another man at an amusement park on Long Island. The incident, which took place last month, has shocked the community and raised concerns about safety at local attractions. The altercation and stabbing incident The altercation between the two families escalated quickly, leading to the stabbing of the victim, who was taken to the hospital in critical condition. The alleged assailant, Tomaski, was arrested at the scene after trying to dispose of the weapon used in the…

The Deadly Riots in Minnesota: Kamala Harris and Tim Walz’s Inaction In the summer of 2020, Minneapolis and St. Paul were rocked by deadly riots following the murder of George Floyd. Kamala Harris and Minnesota Governor Tim Walz were criticized for their cheerleading and inaction during this tumultuous time, which resulted in communities being burned and hundreds of businesses looted and destroyed. The Lack of Government Support and Rising Crime Rates As the city descended into chaos, the crime rates soared, with murders increasing by 75% in 2020 compared to the previous year. Many small businesses, like Barbara Vee’s office,…

The Impact of Cooperation with the U.S. Treasury Department on Tornado Cash Sanctions As the cryptocurrency market continues to evolve, regulatory bodies around the world are working to ensure compliance and prevent illegal activities. One recent example of this is the cooperation between the U.S. Treasury Department and entities like Tornado Cash, a privacy-focused decentralized application. User-Level Cooperation At the user level, cooperation with the U.S. Treasury Department against Tornado Cash sanctions has been relatively strong. Users of the platform have been receptive to providing information and complying with regulatory requirements to ensure transparency and legitimacy. This cooperation is crucial…

Morgan Stanley and FuGuo Bank Enter the Bitcoin ETF Market After Morgan Stanley’s recent move, FuGuo Bank is now preparing to launch a Bitcoin ETF in response to the increasing demand for cryptocurrency investment products among customers. Morgan Stanley insiders are also recommending a gradual approach to Bitcoin ETFs, similar to the one being considered by advisors. Progress in the Financial Sector Morgan Stanley has made significant progress by integrating Bitcoin ETFs into its brokerage services. However, the funds have not yet been deposited into the advisory account, with a senior executive mentioning that the company typically splits client assets…

Cooperation with the U.S. Treasury Department: Tornado Cash Sanctions Cooperation with the U.S. Treasury Department against Tornado Cash sanctions is an ongoing issue that has sparked debates in the cryptocurrency community. The focus of this cooperation is on addressing potential risks associated with privacy-focused decentralized applications, such as Tornado Cash, which have been used for illicit activities. The Strength of User-Level Cooperation At the user level, cooperation with the U.S. Treasury Department is strongest. Users of Tornado Cash are increasingly aware of the need to comply with regulations and prevent their involvement in illicit activities. By working with authorities to…

Windows Update Vulnerabilities Exploited for Downgrade Attacks New research presented at the Black Hat security conference in Las Vegas reveals a troubling vulnerability in Windows Update that can be exploited to downgrade Windows to an older version. This downgrade exposes a range of historical vulnerabilities that can then be used to gain full control over the system. Microsoft has acknowledged the issue and is working on a solution known as “Downdate.” The Discovery of Downgrade Attacks SafeBreach Labs researcher Alon Leviev discovered the flaw by exploring the Windows update process. He found a method to strategically downgrade Windows, either in…

The Impact of Artificial Intelligence on Criminal Sentencing in the United States In recent years, the use of artificial intelligence in various aspects of society has been on the rise, including in the criminal justice system. The United States is now facing a new challenge as the use of AI to plan, carry out, or facilitate criminal activities becomes more prevalent. This technological advancement has raised concerns about the implications for sentencing laws and practices. The Role of Artificial Intelligence in Criminal Schemes Artificial intelligence has the potential to revolutionize criminal activities by streamlining the planning and execution of schemes.…

BONK Price Analysis: Bullish Signals Emerging Amidst Recovering Futures Market Bonk Leveraged Traders Pivot to Bullish Positions One indicator that can provide a clear picture of a trader’s position is the funding ratio. This indicator is the cost of holding an indefinite position in the market and is a barometer of investor expectations. When the funding ratio is positive, longs (buyers) pay commissions to shorts (sellers) and the average expectation is bullish. Conversely, negative funding rates mean short sellers expect prices to fall while paying fees to long positions. As shown in the chart below, traders lined up short positions…

Bitcoin Recovery Rally Losing Steam Bitcoin’s recovery rally is showing signs of losing momentum as bears continue to exert pressure at higher price levels. After a swift uptrend in recent weeks, the leading cryptocurrency is struggling to maintain its bullish momentum, indicating a potential reversal in the near term. Market Analysis and Price Trends The recent price action of Bitcoin suggests that the bears are still lurking around, ready to push the price lower. Despite several attempts to break above key resistance levels, Bitcoin has failed to sustain these moves, leading to a consolidation phase. Technical indicators also point to…

Cryptocurrency Hackers Launder $4M Through Tornado Cash According to blockchain security firm Pecksheild, cryptocurrency hackers have successfully laundered nearly $4 million through the popular cryptocurrency mixer Tornado Cash. These funds were originally stolen more than three months ago from decentralized finance protocol Unizen and Bahraini cryptocurrency exchange Rain. On August 7, Pecksheild revealed that a wallet address linked to the Rain exchange hack transferred 1,155 ETH worth $2.9 million to Tornado Cash, marking the first movement of the stolen funds since the April 29 attack. The attacker proceeds to exchange the stolen funds for BTC and ETH, which were then…

Financial Regulators Crack Down on Crypto Companies Ahead of October Deadline As the deadline for new regulations looms, financial regulators are increasing their efforts to ensure that companies offering cryptocurrency services are in compliance. The regulations are set to take effect in October, prompting a rush for companies to meet the necessary requirements. The Impact of Regulatory Compliance on Crypto Businesses For many cryptocurrency businesses, the new regulations represent a significant shift in how they operate. These companies will need to implement new measures to ensure compliance, which can include enhanced reporting requirements, customer identification procedures, and anti-money laundering measures.…

Man Fatally Stabbed in Brooklyn Neighborhood A tragic incident unfolded in a quiet residential neighborhood in Brooklyn on Wednesday morning as a 45-year-old man was brutally stabbed to death. The victim suffered multiple stab wounds to the head and abdomen in the early hours near Avenue K and Avenue E 53rd Street in Flatlands. Details of the Incident The victim, whose identity has not been disclosed, was rushed to Brookdale University Hospital by medics following the attack. Despite efforts to save his life, he succumbed to his injuries and passed away. The authorities are currently investigating the circumstances surrounding the…

Michael Saylor: A Billion Dollar Bet on Bitcoin MicroStrategy Chairman Michael Saylor recently disclosed that he holds approximately $1 billion worth of Bitcoin, making him one of the most prominent BTC holders globally. Saylor personally owns 17,732 BTC and has yet to sell any of his holdings, despite Bitcoin’s substantial appreciation in value over the years. Thaler’s Endorsement of Bitcoin as an Intergenerational Wealth Asset Thaler, a staunch advocate of Bitcoin as a superior investment asset, views the cryptocurrency as a revolutionary financial tool. He believes that Bitcoin offers the potential for generational wealth for individuals, families, businesses, and even…

Big Lot to Close 315 Stores Across the Country Embattled discount retailer Big Lot revealed in a regulatory filing its plans to close up to 315 stores nationwide. This decision comes as the Columbus, Ohio-based retailer faces financial challenges, including a net loss of $205 million for the quarter ended May 4, 2024. Financial Challenges and Store Closures The retailer’s updated loan terms, which lower its credit limit and increase the bank’s interest rate, reflect the company’s struggle in the current market. The closure of up to 315 stores is a significant expansion of their previous plan to close 150…

The Plus Token Ponzi Scheme Wallet Moves $63M in ETH After Years of Dormancy After more than three years of inactivity, a cryptocurrency wallet tied to the notorious Plus Token Ponzi scheme has made a move, transferring $63.1 million worth of Ethereum (ETH). The sudden activity of the dormant wallet, which involved the transfer of 25,757 ETH, has sparked fears of potential market instability. The History of the Wallet On-chain data reveals that the dormant Plus Token-associated wallet was last active in April 2021. Between June and September of the same year, the mastermind behind the Ponzi scheme shifted 789,534…

Data Protection Commission’s Confident Stance on Resolving Disputes As recently as July 25, the Data Protection Commission (DPC) seemed confident that the matter could be resolved without court proceedings. The DPC, which is Ireland’s data protection authority, has been at the center of a dispute with tech giant Facebook over cross-border data transfer practices. Step Towards Resolution The DPC has been engaging in discussions with Facebook to address concerns related to how the social media company transfers user data from the EU to the US. This issue has been ongoing for some time, with the DPC raising questions about the…

Bright Future for Cryptocurrency Market in New York The predictions suggesting a potential boom in the cryptocurrency market in New York in 2024 are certainly exciting and promising for both investors and enthusiasts alike. As one of the leading financial hubs in the world, New York’s embrace of cryptocurrencies could have a significant impact on the global market. Market Potential and Opportunities With the potential for increased adoption and regulatory clarity in New York, the cryptocurrency market could see a surge in investments and innovation. Companies specializing in blockchain technology and cryptocurrencies may find a welcoming environment to thrive and…

Unstoppable Chinese Traders Finding Ways to Access Crypto Despite China’s strict regulations on cryptocurrencies, Chinese traders, miners, and airdrop farmers are still actively participating in the crypto market. They have found creative ways to access and trade digital currencies, demonstrating the resilience and determination of the Chinese crypto community. The Rise of OTC Trading One of the methods that Chinese traders have been using to bypass the cryptocurrency ban is through over-the-counter (OTC) trading. OTC platforms allow users to buy and sell cryptocurrencies directly with each other, eliminating the need for traditional exchanges. This method has become increasingly popular in…

How Chinese Traders Navigate Crypto Restrictions Despite China’s stringent regulations on cryptocurrencies, savvy traders in the country have found ways to continue participating in the crypto market. From using virtual private networks (VPNs) to access foreign exchanges to turning to over-the-counter (OTC) markets, Chinese traders have adapted to the restrictions imposed by the government. Utilizing VPNs to Access Foreign Exchanges One of the most common methods Chinese traders use to access cryptocurrencies is by utilizing VPNs. By masking their IP addresses, traders can bypass China’s firewall and access foreign exchanges that are not blocked by the government. While the use…

Unprovoked Stabbings Rock Queens Community On Wednesday in Queens, a series of unprovoked stabbings shocked residents and left two victims fighting for their lives. The suspect, Firouz Radjabov, allegedly carried out the attacks within minutes of each other, targeting strangers in a seemingly random manner. First Victim Attacked at Gas Station The first victim, a 40-year-old man, was stabbed in the back while refueling at a Mobil gas station in Ozone Park. The attack, captured on surveillance footage, showed Radjabov approaching the victim and carrying out the assault without warning. The victim, bleeding profusely, managed to seek help from station…

How Chinese Traders Still Access Crypto Despite the Ban China’s cryptocurrency traders, miners, and airdrop farmers aren’t letting China’s near-total ban on cryptocurrencies stop them from getting in on the action. Despite the government crackdown on crypto trading and mining, Chinese individuals have found creative ways to continue participating in the crypto market. The Rise of Peer-to-Peer Trading Platforms One of the strategies Chinese traders have adopted is utilizing peer-to-peer trading platforms that connect buyers and sellers directly. By bypassing traditional exchanges, traders can avoid government scrutiny and continue trading cryptocurrencies freely. These platforms use escrow services to ensure secure…

How Chinese Traders Are Still Accessing Cryptocurrency Despite the Ban Despite China’s stringent regulations on cryptocurrency trading, mining, and airdrops, Chinese enthusiasts are finding creative ways to participate in the crypto market. The Rise of OTC Trading One of the most popular methods Chinese traders are using to access cryptocurrencies is through over-the-counter (OTC) trading. OTC platforms provide a way for buyers and sellers to trade directly with each other, without the need for a centralized exchange. This method allows traders to bypass government restrictions and continue trading digital assets. Additionally, many Chinese traders are utilizing decentralized exchanges (DEXs) to…