Author: Miller Trump

Over $88 Million Held in Top 100 Bitcoin Wallets According to recent reports, over $88 million is currently held in the top 100 Bitcoin wallets. Surprisingly, these wallets are classified as containing “very small amounts” of Bitcoin, with each wallet holding just a fraction of the total Bitcoin supply. The Concentration of Wealth in Bitcoin Despite Bitcoin’s decentralized nature, the distribution of wealth in the cryptocurrency market is heavily concentrated. The top 100 wallets hold a significant portion of the total Bitcoin supply, raising concerns about centralization and inequality within the ecosystem. Transition words such as “furthermore” and “however” can…

Impact of Major Pharmacy Chain Closures on Low-Income Communities Overview of Rite Aid Store Closures Rite Aid has announced plans to close additional stores as part of its reorganization plan following bankruptcy. Initially, 154 stores were identified for closure, and more than 520 stores have been shut down since then. The recent court filing revealed 18 stores in Michigan and 13 locations in Ohio that will be closed. Store Closures in Michigan In Michigan, Rite Aid will be closing the following stores: – Dowagiac 102 National Highway – DeWitt 13157 1/2 Shaw Road – 2263 Cedar Street, Holt – 1607…

Disney Data Breach: NullBulge Releases 1.1 Terabytes of Internal Slack Files A group referring to itself as “NullBulge” recently made headlines after releasing 1.1 terabytes of data, claiming it to be a dump of Disney’s internal Slack files. The leaked data reportedly contains messages and files from nearly 10,000 channels, including sensitive information such as unpublished projects, code, images, login credentials, and links to internal websites and APIs. Alleged Disney Data Breach and Response NullBulge hackers stated that they acquired the data from Disney insiders, naming alleged collaborators. Disney has not confirmed the breach and has not commented on the…

The SEC Directs Ethereum ETF to File Final S-1, Targeting Launch on July 23 The U.S. Securities and Exchange Commission (SEC) has issued final directives to asset managers preparing to launch Ethereum exchange-traded funds (ETFs). According to Bloomberg analyst Eric Balchunas, the SEC requires issuers to submit final S-1 documents by July 16, and the target launch date for the new Ethereum ETF is July 23. This development comes after the SEC’s approval on May 23 of the issuer’s Form 19-b proposing rule changes to allow cryptocurrency-based investment vehicles. The asset manager’s initial securities registration Form S-1 now requires approval,…

Larry Fink: From Bitcoin Skeptic to Believer It’s been six months since the U.S. SEC approved BlackRock’s iShares Bitcoin Trust (IBIT), a significant milestone in the world of cryptocurrency. Blackrock CEO Larry Fink, who was once a vocal critic of Bitcoin, has now become a firm believer in its long-term potential. In a recent interview with CNBC, Fink expressed his newfound perspective on Bitcoin, calling it “digital gold” and emphasizing its value as an investment. A Shift in Views: Embracing Bitcoin as a Financial Tool Fink’s changing views on Bitcoin were evident in the CNBC interview, where he shared his…

The Highly Anticipated Ethereum ETF to Launch in the United States The highly anticipated Ethereum Exchange-Traded Fund (ETF) is set to launch in the United States on July 23, as reported by Bloomberg analyst Eric Balchunas. This news has generated a lot of excitement within the cryptocurrency community and among investors looking to gain exposure to the world’s second-largest cryptocurrency. The Potential Impact on the Cryptocurrency Market The introduction of an Ethereum ETF in the United States could have a significant impact on the cryptocurrency market. ETFs are investment funds that are traded on stock exchanges, making it easier for…

Challenging the Incumbent: Intense Mayoral Race Brewing in NYC Recent political fundraising data in New York City point towards an unusual situation in the upcoming mayoral elections, with a tight primary race on the horizon while the incumbent mayor still holds office. Mayor Adams is facing strong challenges from former comptroller Scott Stringer, state Sen. Zelno Myrie, and Current Auditor General Brad Lander, all of whom are actively raising funds for their campaigns. Historical Context: Rare Primary Challenges in New York City While primary challenges to sitting mayors are not frequent in modern history, the last significant one occurred when…

Identity Theft Scheme Involving Homeless Victims Uncovered in New York A former city Department of Homeless Services fraud investigator and a New Jersey scammer have pleaded guilty to a disturbing identity theft scheme targeting homeless individuals in New York City. Olabanji Otufale, a 41-year-old Brooklyn resident employed by the Department of Homeland Security, and Marc Lazarre, a 39-year-old professional identity thief, orchestrated a plan to steal ID cards from homeless people to fraudulently apply for COVID-19 unemployment benefits. Exploitation of Vulnerable Victims Otufale obtained sensitive information such as names, birth dates, Social Security numbers, and photos of over 10 homeless…

Meme Coins Dominating the Crypto Market in 2024 In the ever-evolving world of cryptocurrencies, meme coins have emerged as a force to be reckoned with in the first half of 2024. These tokens, inspired by internet memes and jokes, have shown remarkable performance, outpacing even the mighty Bitcoin. Let’s delve into the key factors driving the rise of meme coins and their impact on the cryptocurrency market. Rise of Meme Coins Over Bitcoin The first half of 2024 saw meme tokens such as Dogwhit (WIF), Pepe (PEPE), FLOKI, and Shibainu (SHIB) outperforming Bitcoin, with staggering returns of 1,300%, 800%, 418%,…

Cryptocurrency Stocks Soaring Amid Speculation on Trump Victory The recent surge in the performance of cryptocurrency stocks can be largely attributed to the growing speculation that Donald Trump will secure victory in the upcoming presidential election. Investors and analysts alike are closely monitoring the political landscape, with many believing that a Trump presidency could lead to favorable conditions for the cryptocurrency market. Rising Confidence in Trump As the election draws nearer, confidence in Donald Trump’s chances of winning a second term in office has been steadily increasing. The President’s pro-business policies and perceived support for disruptive technologies like blockchain and…

Teen Shot Outside Bronx Subway Station by Assailants on Citi Bikes A tragic incident unfolded outside a Bronx subway station on Sunday night, as a 13-year-old boy fell victim to a shooting by four assailants who fled the scene on Citi Bikes, leaving the young teen injured and in stable condition. Details of the Incident The shooting took place around 8:20 p.m. at the intersection of Westchester Avenue and Simpson Street in Longwood, near the 2 and 5 Simpson Street elevated subway station. The teen was struck in the left leg and was rushed to Lincoln Medical Center for treatment.…

The Ohio Senator and his Support for Bitcoin The Ohio senator, known for his progressive views on cryptocurrency, recently made headlines when he disclosed that he holds up to $250,000 worth of Bitcoin. This revelation has sparked a discussion on the growing acceptance of digital currencies among politicians and policymakers in the United States. The senator has also shown support for specific pro-cryptocurrency legislation, signaling a shift towards embracing the technology in the mainstream. The Rise of Bitcoin in Political Circles With the increasing adoption of Bitcoin and other cryptocurrencies by consumers and businesses alike, it is no surprise that…

XRP Gains Amid CME’s Announcement of Reference Rate XRP has experienced a notable surge in value recently, with a more than 23% increase over the past two weeks. This upward trend in XRP’s price can be attributed to the announcement made by the Chicago Mercantile Exchange (CME) Group regarding the provision of live index and USD reference rates for Ripple (XRP) and Internet Computer (ICP). Increased Investor Confidence and Speculation The decision by CME and CF Benchmarks to offer reference rates for XRP has boosted investor confidence in the cryptocurrency. Ripple CEO Brad Garlinhouse highlighted the importance of having a…

The Rise of Ethereum Prices Ethereum prices rose today as the market expressed excitement over the possibility of launching a spot ETH ETF. The cryptocurrency market has been abuzz with speculation and optimism as investors eagerly anticipate the potential introduction of a spot Ethereum Exchange-Traded Fund (ETF). This development could signify a major milestone for the digital asset, as it would open up new avenues for institutional investment and further legitimize Ethereum as a valuable asset in the financial world. The Impact of a Spot ETH ETF If a spot ETH ETF is indeed launched, it could have far-reaching implications…

Concerns about the New Amicus Language in FISA Court Last week, Wired reported that Sen. John Cornyn raised objections to the new amicus language in the FISA Court, expressing concerns about potential delays and foreign adversaries exploiting the rules. Sen. Cornyn’s Objections Sen. Cornyn, whose responsibilities include the judiciary and intelligence agencies, argued that the changes could lead to delays as experts compete with the government for evidence. He also claimed that the new rules could give foreigners greater rights than criminal defendants, raising concerns about national security. Response to Cornyn’s Concerns Noah Chauvin, a former intelligence adviser, dismissed Cornyn’s…

Cryptocurrency Cybersecurity News Roundup This week in the world of cryptocurrency cybersecurity, there have been several significant developments that are worth noting. From important bug fixes to the rise of phishing scams, and even some high-profile cryptocurrency exchange hacks, the industry is constantly evolving to stay one step ahead of cyber threats. The Importance of Bug Fixes One of the key aspects of maintaining strong cybersecurity in the cryptocurrency space is the timely identification and patching of bugs in the system. This week, several major cryptocurrency projects announced important bug fixes that addressed vulnerabilities that could be exploited by malicious…

This Week’s Cybersecurity News in the Cryptocurrency Space This week, the world of cryptocurrency cybersecurity has been abuzz with various developments. From crucial bug fixes to the rise of phishing scams, and even some high-profile cryptocurrency exchange hacks, there’s a lot to unpack in the cybersecurity landscape of the crypto world. Recent Bug Fixes in Cryptocurrency Software One of the key stories dominating the cybersecurity news this week is the release of important bug fixes in various cryptocurrency software. These fixes address vulnerabilities that could potentially be exploited by hackers to gain unauthorized access to cryptocurrency wallets or compromise the…

Tragic Motorcycle Accident on the Upper East Side A 19-year-old man tragically lost his life in a fatal motorcycle accident on the Upper East Side of Manhattan. The young man was riding a gas-powered motorcycle on Second Avenue when the incident occurred. According to police reports, he was speeding and ran a red light, leading to a collision with an unlicensed Volvo driver on East 79th Street. The Collision and Its Consequences The collision occurred late at night, around 11:50 p.m. on a Sunday. The impact of the crash was severe, and the victim was pronounced dead at the scene…

New York’s Crypto Scene: What’s Hot and What’s Not The Rise of NFTs in New York New York City has become a hub for the booming market of non-fungible tokens (NFTs). From art galleries in Chelsea to virtual museums in Brooklyn, NFTs have taken the city by storm. Artists, musicians, and even sports teams are leveraging NFTs to tokenize their creations and connect with a global audience. The vibrant NFT scene in New York is attracting both seasoned collectors and newcomers looking to dip their toes into the world of digital ownership. With major auction houses like Christie’s and Sotheby’s…

This Week’s Cryptocurrency Cybersecurity News As the cryptocurrency market continues to evolve and grow, cybersecurity remains a top concern for investors, traders, and enthusiasts. This week, several key events have taken place in the cryptocurrency cybersecurity space, highlighting the importance of staying vigilant and up to date with security measures. The Importance of Bug Fixes One of the key aspects of maintaining a secure cryptocurrency network is the timely identification and fixing of bugs. Bug fixes play a crucial role in preventing potential security vulnerabilities that could be exploited by bad actors. This week, several cryptocurrency projects announced important bug…

Target and Dollar General Make Changes to Improve Worker Safety The U.S. Department of Labor recently announced that Dollar General has agreed to pay $12 million and make improvements to safety practices at its 20,000 stores across the country. This agreement comes after allegations that practices such as blocking emergency exits were putting workers at risk. As part of the settlement, Dollar General will need to significantly reduce and improve inventory to prevent unsafe storage practices that could block exits and render essential safety equipment inoperable. Commitment to Worker Safety Assistant Secretary of OSHA, Douglas Parker, emphasized that this agreement…