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      Bitcoin Mining at Home in 2025: A Complete Guide

      Bitcoin mining has evolved into a sophisticated industry, but that doesn’t mean individuals can’t participate from home. In 2025, with the right hardware, software, and strategy, you can still mine BTC profitably—if you know what you're doing.
      This guide covers four realistic ways to mine Bitcoin at home, the equipment you’ll need, costs, and expected returns.

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      Key Takeaways
      ✔ Lottery Mining – Fun and cheap, but don’t expect consistent rewards.
      ✔ Solo ASIC Mining – Full control, but requires luck and investment.
      ✔ Pool Mining – The most reliable way for steady payouts.
      ✔ Cloud Mining – Hassle-free, but often less profitable than running your own rig.
      Why Mine Bitcoin in 2025?
      Bitcoin’s adoption continues to grow, with major corporations like Strategy and Metaplanet (a Japanese firm) adding BTC to their balance sheets. Regulatory clarity is improving, especially with MiCA in the EU and a more crypto-friendly stance in the US under a potential Trump administration.
      Most importantly, Bitcoin has surpassed $100,000 in 2025, driven by ETF demand and post-halving scarcity. This makes mining more attractive—if you can do it efficiently.

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      Option 1: Lottery Mining – High Risk, Rare Rewards
      Lottery mining is the cheapest way to mine Bitcoin, but it’s more like playing the lottery than a steady income source.
      How It Works:
      Use low-power devices like the Bitaxe HEX (3 TH/s) or GekkoScience R909 (1.5 TH/s).
      Connect to Solo CKPool, where you keep 100% of any block reward.
      Statistically, hitting a block is extremely rare—but it happens.
      Why Do People Do It?

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      Supports Bitcoin’s decentralization.

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      Great for learning mining mechanics.

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      A single block win can be life-changing.
      <foto> *Example of a small USB miner setup.* <foto>
      Best for: Hobbyists who enjoy the challenge, not those seeking profits.

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      Option 2: Solo ASIC Mining – High Investment, High Risk
      If you want real mining power, ASICs (Application-Specific Integrated Circuits) are the way to go.
      Best ASICs in 2025:

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      Antminer S21 Hydro – ~400 TH/s, energy-efficient.

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      Whatsminer M60S – Competitive efficiency, liquid-cooled.
      The Reality of Solo Mining:
      The Bitcoin network’s total hashrate is ~500 EH/s.
      A single ASIC gives you 0.00008% of the network power.
      You’d need 20+ ASICs to have a realistic chance of finding a block yearly.
      Best for: Those with cheap electricity and a high-risk tolerance.

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      Option 3: Pool Mining – Steady, Reliable Income
      Most home miners join mining pools for consistent payouts.
      How It Works:
      Choose a pool (e.g., Foundry USA, Antpool, F2Pool).
      Connect your ASIC to their servers.
      Earn rewards based on your contributed hash power.
      Payout Models:
      FPPS (Full Pay Per Share) – Get paid for every share submitted.
      PPLNS (Pay Per Last N Shares) – Higher payouts, but less frequent.
      Best for: Miners who want predictable returns.

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      Option 4: Cloud Mining – No Hardware, No Hassle
      Cloud mining lets you rent hash power from companies like NiceHash or BitDeer.
      Pros & Cons:
      ✔ No hardware maintenance.
      ✔ No electricity costs.

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      Lower profits (fees eat into earnings).

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      Scams are common—stick to reputable providers.
      Best for: Beginners who want to test mining without buying equipment.

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      Final Verdict: Which Method is Best?
      Method Cost Risk Profit Potential Best For Lottery Low High Very Low Hobbyists Solo ASIC High High High (if lucky) Risk-takers Pool Mining Medium Medium Steady Most home miners Cloud Mining Medium Medium Low Passive investors

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      Key Considerations Before Mining in 2025:
      Electricity costs – Mining is only profitable if power is cheap.
      Hardware lifespan – ASICs lose efficiency over time.
      Regulations – Check local laws on crypto mining.

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      Ready to Start Mining?
      If you’re serious about mining, pool mining with an ASIC is the most balanced approach. For a hands-off option, cloud mining works—but do your research to avoid scams.

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      Pro Tip: If mining seems too complex, consider just buying and holding Bitcoin instead.

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      📈 Mastering AI Crypto Bots: How to Set Up, Optimize, and Profit from Automated Trading📈

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      A Complete Beginner-to-Pro Guide to AI-Driven Crypto Trading Bots

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      Key Insights
         

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      AI-powered bots use machine learning to execute trades faster, smarter, and emotion-free.
         

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      Setup involves choosing the right platform, linking your exchange, defining strategies, and testing.
         

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      Bots can trade 24/7 — perfect for passive income or active day trading.
         

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      They require oversight — not "fire and forget" tools.
         

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      Your goals (DCA, swing trading, HODLing) determine the best bot and approach.

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      What Exactly Are AI Crypto Trading Bots?
      AI crypto bots are automated systems designed to buy and sell cryptocurrencies using machine learning models rather than fixed, rule-based logic.
      Unlike traditional bots that follow strict commands, AI bots adapt in real time, analyzing:
         

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      Historical price data
         

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      Real-time market trends
         

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      Social sentiment
         

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      Order book dynamics
      For instance, a bot might hold off on a trade during periods of market indecision or increase position size when it “feels” confident based on prior learning.

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      Popular platforms like Freqtrade, Trality, and Stoic by Cindicator allow users to either bring their own AI models or rely on built-in strategies. The core benefit? Zero emotion. Full speed.

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      How to Set Up an AI-Powered Crypto Trading Bot
      While platforms make it easy to launch, the key is a smart setup. A poorly configured bot can be more dangerous than no bot at all.

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      Here's a step-by-step overview:
          Choose a Suitable Platform
          Some platforms support full AI control (like Freqtrade or Trality), others are great for beginners (like 3Commas, Pionex, or Cryptohopper).
          Securely Connect to Your Exchange via API
              Disable withdrawal rights
              Enable 2FA
              Use IP whitelisting
          Define Your Trading Strategy
              Pick trading pairs
              Set order size
              Configure stop-loss and take-profit rules
              Set cooldowns and max open trades
          Backtest With Historical Data
          Use backtesting to simulate how your strategy performs over time.
          Go Live with Small Capital
              Monitor fill prices, fees, and trade execution
              Enable alerts (Telegram, Slack, email)
              Log all actions for future tweaks

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      How to Choose the Right Bot?
      Not all bots are created equal. Your technical experience, risk tolerance, and trading goals will determine the ideal choice.
      Platform    Ideal For    Notes
      Pionex    Beginners    Free, simple DCA/grid strategies
      Stoic    Passive investors    Automated quant strategy
      Trality    Devs    Python scripting + visual builder
      Freqtrade    Tech-savvy users    Fully open-source & customizable
      3Commas    All-around    Smart trading UI, multi-exchange
      Jesse AI    Coders    Custom strategies & deep backtests

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      Trality and Freqtrade let you import your own machine learning models, offering maximum flexibility.

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      Common Pitfalls to Avoid
      Even the smartest AI won't save you from user mistakes. Here's what to watch out for:
         

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      Over-optimized Backtests: If it only works on old data, it won't hold up live.
         

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      Blindly Trusting Marketplace Bots: Always customize and test first.
         

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      Neglecting Risk Controls: Never skip stop-losses or position sizing.
         

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      Forgetting About Fees & Slippage: Test real execution costs with tools like Jesse or Freqtrade.
         

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      No Monitoring: Set up alerts to catch failures early.
         

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      Using Too Much Leverage: Especially on Bybit or Binance Futures — be cautious!
         

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      Wrong Strategy for the Market: Don’t use breakout bots in ranging markets. Match your strategy to the current trend.

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      The Future of AI in Crypto Trading
      AI crypto trading is evolving fast.
         

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      Reinforcement Learning is replacing static rule sets — bots learn and evolve live.
         

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      LLMs (like ChatGPT) are being used to interpret news, tweets, and economic statements — transforming them into actionable trading signals.
         

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      On-Chain AI: Tools like Fetch.ai build autonomous agents that execute DeFi trades and participate in governance without human input.
         

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      Cloud AI Pipelines: Platforms like Google Vertex AI and AWS SageMaker are now part of live-trading systems.
      We're entering a world where bots not only react but reason. From Discord chatter to SEC filings, AI agents will trade on narratives and headlines — not just price charts.

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      Final Thoughts
      AI trading bots are not magic money printers, but when used with discipline, they can be powerful allies in the crypto market. Whether you're automating a DCA strategy or deploying neural networks, strategy + safety + supervision = success.

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      11.3k views

      ⚠️ Velocore DEX Hit by $10 Million Flash‑Loan Exploit on zkSync & Linea

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      Quick Summary
      What occurred: A critical flash‑loan exploit drained about $10 million from Velocore DEX, which runs on zkSync Era and Linea.
      Targeted assets: Volatile liquidity pools, particularly those using the CPMM model.
      Immediate impact: Over 700 ETH (roughly $6.9 million) funneled through Tornado Cash to hide tracks.

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      The Breach: How the Hacker Pulled It Off
      Attack vector: The attacker executed a flash-loan attack—borrowing a large amount briefly—and manipulated the fee-logic in Velocore’s CPMM pools to miscalculate balances, enabling massive unauthorized withdrawals.
      Assets drained: Close to 700 ETH and ~1.5 million USDT, later consolidated into about 1,807 ETH (~$6.9 M), then sent through Across Protocol and Tornado Cash to obfuscate origin.

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      Immediate Defensive Measures
      Linea responded by pausing block production temporarily to halt the attack and investigate the flaw.
      Velocore clarified that its stablecoin pools remained unaffected and users could still withdraw funds from them.

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      Ongoing Recovery & White‑Hat Bounty Offer
      Coordination efforts: Velocore is working alongside security experts (e.g., Hacken, Zokyo, Scalebit, Hexagate, Hypernative) and has asked CEXs to freeze stolen funds.
      White-hat incentive: An on-chain message offered a 10% bug bounty if the hacker returns the remaining loot by June 3.
      *Investigation: They’ve initiated tracking of exploiter wallets and set up post-mortem reviews to reinforce security.

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      Broader Implications for DeFi
      Smart contract vigilance: Even audited protocols (Velocore had audits from Zokyo, Hacken, Scalebit) can be vulnerable due to complex fee logic and boundary check failures.
      Flash‑loan threat: These attacks are on the rise, exploiting briefly funded but powerful operations—bridging assets and exploiting transient loopholes.
      Cross‑chain laundering: The route through Tornado Cash highlights how stolen funds are quickly disguised across chains.

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      Advice for DeFi Participants
      Exercise caution with new or volatile liquidity pools—use small trial deposits first.
      Monitor dev announcements for contract changes, bounties, or recovery plans.
      Avoid storing large assets in freshly deployed or audited-but-risky environments.
      Stay informed via security forums and on-chain scanning tools for suspicious fund flows.

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      Takeaways & Moving Forward
      Even matured DeFi platforms aren’t immune—comprehensive audits aren't enough without rigorous logic testing.
      Breaches like these erode user trust in zk-rollup ecosystems, prompting calls for more robust security frameworks.
      Community-driven initiatives—bounties, transparent reporting, collaboration with CEXs—can help contain damage and perhaps recover assets.

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      $1.35M Drained in THORChain Co-Founder Scam: Deepfakes, Telegram Hacks, and DPRK Links

      $1.35M Drained in THORChain Co-Founder Scam: Deepfakes, Telegram Hacks, and DPRK Links
      A sophisticated scam has cost a THORChain co-founder $1.35 million after attackers combined a hacked Telegram account, a convincing deepfake video call, and what may have been a zero-day exploit to steal keys from an old MetaMask wallet.
      How the Attack Played Out
      On September 9, JP, one of THORChain’s co-founders, lost access to funds from a forgotten MetaMask account. The attackers initially hijacked a friend’s Telegram account and used it to invite him to a Zoom meeting.
      During the call, a deepfake video added credibility. JP clicked on a link but didn’t see any pop-ups or suspicious prompts. He suspects the attackers leveraged access to his encrypted iCloud Keychain or a secondary Chrome profile on his Mac, where his wallet data was stored.
      According to his own account, no administrator password requests or installation prompts appeared, suggesting the use of a zero-day exploit.
      Forgotten Wallet, Hidden Assets
      The stolen funds came from an old MetaMask wallet JP had staked assets in—tokens that don’t appear on Etherscan unless tracked through portfolio tools. This made the account easy to overlook until it was too late.
      Following the theft, blockchain trackers identified an on-chain message sent to the exploiter’s wallet. The note offered a bounty for returning the stolen THOR tokens within 72 hours, promising no legal action if the attacker complied and provided contact details for THORSwap’s team.
      Investigators Confirm the Breach
      Blockchain investigators confirmed that approximately $1.2 million to $1.35 million was drained from JP’s account. The breach was first reported by on-chain monitoring services, which flagged suspicious transfers tied to the compromised wallet.
      Notably, critics highlighted that THORChain itself had previously profited from the laundering of assets connected to DPRK-backed hacks on platforms like Bybit—making this incident appear ironically fitting given the suspected North Korean ties.
      Lessons and Warnings
      Reflecting on the attack, JP stressed several lessons:
      Private keys become riskier over time – avoid long-term storage in iCloud, Google Drive, or similar services.
      Use independent two-factor authentication, ideally on a burner device.
      Adopt threshold signature wallets like Vultisig, which split key shares across multiple devices for added protection.
      He warned: “Attacks are only going to escalate. Solutions exist—we just need to upgrade our wallets.”
      A Bigger Picture: Telegram Scams Exploding
      This case is part of a broader crisis. By mid-2025, crypto investors had lost $2.2 billion, with wallet breaches and scams making up the bulk of incidents. Crystal Intelligence estimates that over the past 14 years, hacks and breaches have stolen $22.7 billion in total.
      Scam Sniffer recently reported that malware scams on Telegram have surged by 2,000% since November, surpassing traditional phishing campaigns. Fraudsters distribute malicious code through fake verification bots in airdrop, trading, and alpha groups—harvesting passwords, private keys, and wallet data once executed.
      The UN has previously estimated that scams, laundering operations, and stolen data sales on Telegram generate more than $36.5 billion annually, much of it via USDT.
      Meanwhile, cybercriminals continue to promote deepfake tools and malware, with the U.S. Treasury linking Huione Group to $98 billion in illicit crypto flows, some tied directly to North Korea’s Lazarus Group.

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      $330M in Stolen Bitcoin Laundered Through Monero, Fueling XMR Price Surge

      A significant sum of approximately $330.7 million in Bitcoin, believed to be stolen, has been laundered through various instant cryptocurrency exchanges, leading to a sharp increase in the price of Monero (XMR). The incident, brought to public attention by blockchain investigator ZachXBT, began with the transfer of 3,520 Bitcoin from a potentially compromised wallet to an address known for suspicious activity.
      The individuals involved in the laundering process rapidly moved the funds across more than half a dozen exchanges. During this movement, substantial amounts of Bitcoin were converted into Monero, a cryptocurrency specifically designed for privacy and known for its difficult-to-trace transactions.
      The sudden spike in demand for Monero caused its price to surge by 50%, reaching a multi-year high of $329. While the price has since adjusted, the token is currently trading around $267.03, still reflecting a significant gain of 16.3% over the past 24 hours, according to data from CoinGecko.
       
      Data from Coinglass indicates that short positions exceeding $1 million were liquidated during this rapid price increase, adding further upward pressure to Monero's value.
      Monero's price rally also coincided with growing anticipation surrounding its upcoming EP159 and EP160 upgrades. These proposed technical enhancements aim to make Monero more "compliance-friendly" by allowing users to prove the validity of transactions without revealing private details. Analysts speculate that this development could potentially pave the way for Monero's relisting on major exchanges like Binance and Coinbase, particularly in light of Europe's new MiCA regulations which address cryptocurrency markets.
      It's worth noting that other cryptocurrencies focused on privacy, including Zcash (ZEC), Dash (DASH), and Decred (DCR), also experienced notable price increases during this period.
      Despite the enhanced anonymity offered by privacy tokens like Monero, the National Bureau of Investigation in Finland has reportedly made significant headway in tracing XMR transactions as part of their investigation into the criminal trial of Julius Aleksanteri Kivimäki. Kivimäki is accused of hacking a private mental health firm's database and demanding ransom payments in cryptocurrencies.
      Last year, prosecutors presented evidence of a crypto trail that allegedly led to Kivimäki's bank account. The alleged hacker had reportedly demanded 40 Bitcoin, valued at approximately 450,000 euros at the time, as ransom to prevent the exposure of patient records belonging to over 33,000 individuals from the psychotherapy service provider Vastaamo. When the ransom was not paid, Kivimäki is accused of targeting individual patients.
      Finnish police claim that the hacker received payments in Bitcoin, sent the funds to an exchange that did not comply with Know Your Customer (KYC) regulations, converted them into Monero, and subsequently transferred them to a dedicated Monero wallet. The funds were then reportedly sent to Binance, exchanged back into Bitcoin, and moved to various other wallets. Local authorities have maintained confidentiality regarding the specific details of their on-chain analysis methods.

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      51% Attack

      What is a 51% Attack?
      A 51% attack occurs when a single entity or group gains control of more than 50% of a blockchain network's total hashing power (in Proof of Work systems) or voting power (in Proof of Stake systems). This control allows the attacker to manipulate the blockchain in various ways, including:
      Double Spending: The ability to spend the same cryptocurrency more than once by reversing transactions in blocks they control. Blocking Transactions: Preventing other participants from confirming transactions. Stealing Rewards: Taking over the mining rewards for newly created blocks. Examples of 51% Attacks
      Bitcoin Gold (BtG): In 2018, Bitcoin Gold, a fork of Bitcoin, suffered a 51% attack that resulted in over $18 million worth of double-spent transactions. The attackers were able to mine several blocks within a short time frame, allowing them to perform double spending and undermine the trust in the network.
      Ethereum Classic (ETC): In January 2019, Ethereum Classic experienced a 51% attack that led to over $1 million in double-spent transactions. The attackers gained control over the network's mining power, which allowed them to reorganize the blockchain and spend the same coins multiple times.
      Vertcoin (VTC): Vertcoin faced a similar situation in 2019 when attackers took control of the network. The attackers initiated a 51% attack and were able to perform double spending, resulting in a significant loss of confidence in the network.
      Why Are 51% Attacks Difficult to Execute?
      While theoretically possible, conducting a 51% attack comes with significant challenges:
      Cost: Gaining over 50% control over a network like Bitcoin would require an enormous amount of computational power, making it financially impractical for most attackers, especially given the current mining difficulty. Recognition and Response: If an attack is detected, the community can quickly respond by forking the blockchain or implementing changes to the consensus mechanism, which could effectively negate the attack's impact. Reputation: Any entity that successfully executes a 51% attack would risk damaging their reputation significantly, which could lead to the devaluation of the cryptocurrency they control. Mitigation Strategies
      Several strategies can help protect against 51% attacks:
      Increasing Hash Power: Encouraging more participants to join the network can help distribute hashing power more evenly, making it harder for any single entity to gain control. Implementing PoS (Proof of Stake): Switching to or incorporating proof-of-stake mechanisms can reduce the likelihood of such attacks, as controlling voting power is different from controlling mining power. Regular Audits: Conducting regular security audits and promoting transparency within the network can help identify any weaknesses before they are exploited. Conclusion
      While a 51% attack poses a significant theoretical risk to blockchain networks, real-world executions are infrequent and often met with swift community responses. Understanding the implications and mechanics behind such attacks is crucial for anyone involved in cryptocurrency and blockchain technology.

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      1.2k views

      A Few Words Regarding The Tor Project

      The Tor Project is an open-source project dedicated to providing online anonymity and privacy to users across the globe. The project's software, Tor, has been around for over two decades and is known for its strong security features.
      One of the main reasons why Tor is so secure is because it uses a technique called onion routing. Onion routing is a process by which a user's internet traffic is encrypted and then sent through multiple nodes (also known as relays) before reaching its final destination. Each node in the Tor network only knows the previous and next nodes in the chain, making it difficult for anyone to trace the traffic back to the user.
      However, the security of Tor extends beyond onion routing. Here are some of the ways in which Tor provides strong security:
      Encryption: Tor uses encryption to protect the privacy of user data as it travels through the network. When a user sends a message, Tor encrypts it multiple times, each time adding a layer of encryption (hence the term "onion routing"). This makes it incredibly difficult for anyone to intercept and decipher the message.
      Anonymous relays: The Tor network is made up of thousands of volunteer-operated relays located around the world. These relays are anonymous and do not know the identity of the user whose traffic they are forwarding. This anonymity makes it difficult for anyone to pinpoint the location or identity of the user.
      Hidden services: Tor also allows users to create hidden services, which are websites and services that can only be accessed through the Tor network. These services are hosted on anonymous servers and are often used by journalists, whistleblowers, and activists to share sensitive information without fear of retaliation.
      No logging: Tor does not keep logs of user activity, making it difficult for anyone to track a user's online behavior. This is important because many internet service providers and governments keep logs of user activity, which can be used to monitor and track users.
      Constant updates: The Tor Project is constantly updating the software to address security vulnerabilities and improve the user experience. The project has a large community of developers and volunteers who work tirelessly to ensure that Tor remains secure and up-to-date.
      Despite its strong security features, it is important to note that Tor is not foolproof. There have been instances where law enforcement agencies have been able to de-anonymize users on the Tor network. However, these instances are rare and typically require significant resources and expertise.
      In addition, Tor has been criticized for being used by criminals to carry out illegal activities. While it is true that some criminals have used Tor to carry out illicit activities, the vast majority of Tor users are law-abiding citizens who value their privacy and security.
      In conclusion, the Tor Project provides strong security features that make it a popular choice for users who value their privacy and anonymity. Its use of onion routing, anonymous relays, hidden services, and encryption make it incredibly difficult for anyone to intercept and decipher user traffic. While Tor is not foolproof, its strong security features and constant updates make it one of the most secure options available for online privacy and anonymity.

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      Activision Hacked In 2021

      In early 2021, Activision, one of the world's largest video game publishers, experienced a major hack that compromised the personal data of thousands of users. The attack was first reported by Vice's Motherboard, which obtained a copy of the ransom note left by the hackers. The note demanded a ransom payment of $4,000,000 in exchange for the stolen data, which included email addresses, passwords, and other sensitive information.
      The hack was carried out by a group of hackers who called themselves "The Suffering." According to Motherboard, the group gained access to Activision's systems by exploiting a vulnerability in the company's virtual private network (VPN). Once inside, the hackers were able to steal a large amount of data from Activision's servers, including information about the company's upcoming games and user data.
      The Suffering also claimed to have access to the source code for some of Activision's most popular games, including Call of Duty: Modern Warfare and Warzone. While Activision has not confirmed this claim, the company did acknowledge that the hack had occurred and that user data had been compromised.
      In response to the hack, Activision issued a statement saying that it takes the security of its systems and the privacy of its users "very seriously." The company also said that it had taken steps to address the vulnerability that was exploited in the attack and that it was working with law enforcement to investigate the incident.
      Activision also advised its users to change their passwords and enable two-factor authentication on their accounts as a precautionary measure. The company also said that it would provide additional updates on the situation as more information became available.
      The hack of Activision is just the latest in a string of high-profile cyber attacks that have affected companies and organizations around the world. These attacks have highlighted the growing importance of cybersecurity in today's digital age, and the need for companies to take proactive measures to protect their systems and data from potential threats.
      One of the biggest challenges facing companies like Activision is the sheer scale of their operations. With millions of users and a vast network of servers and systems, it can be difficult to identify and address potential vulnerabilities before they can be exploited by hackers.
      To address this challenge, many companies are turning to artificial intelligence and machine learning tools to help them monitor their systems and identify potential threats in real-time. These tools can analyze vast amounts of data and identify patterns that may indicate a potential attack, allowing companies to take action before any damage is done.
      Another key component of effective cybersecurity is employee training and awareness. Many cyber attacks are the result of human error, such as employees falling for phishing scams or using weak passwords. By educating employees about best practices for online security, companies can reduce the risk of these types of incidents and strengthen their overall cybersecurity posture.
      Ultimately, the hack of Activision serves as a reminder of the importance of cybersecurity in today's digital world. As the frequency and complexity of cyber attacks continue to grow, companies must remain vigilant and take proactive measures to protect their systems and data from potential threats.

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      1.4k views

      Barclays Investigates Potential Applications And Structure For A UK Digital Pound

      Barclays, the British financial institution, is delving into the integration of merchant payments and securing delivery-based transactions using security measures similar to blockchain technology to enhance reliability and combat fraud.
      The bank is examining the framework and applications for a digital pound, with a goal of achieving a smooth connection with existing commercial bank currencies.
      In a recent report, Barclays analyzed the importance of communication and interoperability to ensure that both currency forms are consistent.
      Key Use Cases for the Digital Pound
      The report identifies three primary use cases: peer-to-peer push payments, payment requests initiated by merchants, and the secure management of funds for payments made upon delivery. These use cases demonstrate how a digital pound can function alongside conventional currency while ensuring coherence and preventing market fragmentation.
      Additionally, the report suggests that establishing a financial market infrastructure (FMI) could provide vital services, facilitating better management for both the Bank of England and the providers of the digital pound.
      Functional Consistency and Merchant Integration for Digital GBP Payments
      The document also highlights the significance of "functional consistency," which ensures that digital pounds and traditional bank money operate in a similar manner during everyday transactions. This uniformity is essential for avoiding fragmentation within the payment landscape; otherwise, various forms of currency might function under different regulations, leading to confusion and inefficiency.
      Barclays is further investigating how merchants can incorporate payments into the digital pound ecosystem. The focus is on securing funds for transactions based on delivery, thereby enhancing trust in both online and offline payment environments. This strategy aims to incorporate blockchain-like security features into daily transactions, thereby strengthening the system against fraudulent activities and transaction failures.
      Impact on the UK's Financial System
      The exploration also reflects on the broader implications of a digital pound for the UK's financial ecosystem, indicating that a well-structured digital currency could foster innovation in payment methods. It is expected that the digital pound will seamlessly integrate with existing systems, such as the UK's Faster Payments Service, ensuring a harmonious connection with current financial structures.
      The Bank of England and HM Treasury are actively involved in designing and analyzing a UK Central Bank Digital Currency (CBDC), which includes real-world trials to evaluate its practical implementation.
      The decision to advance with a digital currency will depend on insights derived from the design phase as well as developments in payment systems both domestically and internationally. If it receives approval, the design phase for the digital pound is anticipated to extend until 2025-26, according to projections from UK Parliament.

      Through this comprehensive exploration, Barclays aims to be at the forefront of the future of digital currency in the UK, emphasizing the importance of security, trust, and the seamless integration of the new digital currency within the established financial framework.

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      Best Companies To Help Secure DDOS Attacks Recommended By Techrooms.eu

      Distributed Denial of Service (DDoS) attacks have become a major concern for businesses of all sizes. These attacks can cause significant damage to a company's reputation, revenue, and online presence. As such, it's important to have a reliable anti-DDoS solution in place. In this article, we'll discuss some of the best anti-DDoS companies hosting that can help protect your business from these attacks.
      Cloudflare Cloudflare is one of the most popular anti-DDoS companies hosting on the market. It offers a suite of security services that includes DDoS protection, web application firewall (WAF), and content delivery network (CDN) services. Cloudflare's DDoS protection service uses a network of data centers around the world to filter incoming traffic and identify and block malicious requests. This ensures that your website remains accessible to legitimate users while keeping attackers at bay.
      In addition to DDoS protection, Cloudflare's WAF can also help protect your website from other types of attacks, including SQL injection, cross-site scripting (XSS), and more. The CDN service, on the other hand, helps improve website performance by caching content and serving it from the data center that is closest to the user.
      Akamai Akamai is another well-known anti-DDoS company hosting that offers a range of security services. Its DDoS protection service uses a combination of network-based and application-layer defenses to protect against attacks of all sizes and types. Akamai's network is one of the largest in the world, with over 300,000 servers located in more than 130 countries.
      In addition to DDoS protection, Akamai also offers other security services such as WAF, bot management, and security analytics. Its WAF can help protect against common web application attacks such as SQL injection, XSS, and more, while its bot management service can help detect and block automated attacks.
      Incapsula Incapsula is a cloud-based security company that specializes in DDoS protection and WAF services. Its DDoS protection service uses a combination of machine learning algorithms and human expertise to detect and block attacks in real-time. The service can handle both volumetric and application-layer attacks, ensuring that your website remains online and accessible to legitimate users.
      Incapsula's WAF service can also help protect your website from other types of attacks such as XSS, SQL injection, and more. The company also offers a range of other security services such as bot protection, API security, and security analytics.
      Radware Radware is a cybersecurity company that offers a range of security solutions, including anti-DDoS services. Its DDoS protection service uses a combination of on-premise and cloud-based defenses to protect against attacks of all sizes and types. Radware's DDoS protection can also be integrated with its WAF and bot management services for a comprehensive security solution.
      Radware's WAF can help protect against common web application attacks such as XSS, SQL injection, and more, while its bot management service can help detect and block automated attacks. The company also offers a range of other security services such as SSL protection, DNS protection, and more.
      Fortinet Fortinet is a cybersecurity company that offers a range of security services, including anti-DDoS solutions. Its DDoS protection service uses a combination of network-based and application-layer defenses to protect against attacks of all sizes and types. Fortinet's DDoS protection can also be integrated with its WAF and bot management services for a comprehensive security solution.
      Fortinet's WAF can help protect against common web application attacks such as XSS, SQL injection, and more, while its bot management service can help detect and block automated attacks. The company also

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      Binance Facing Legal Action by SEC: Implications for the Crypto Market

      Introduction:
      In recent news, the United States Securities and Exchange Commission (SEC) has filed a lawsuit against Binance, one of the world's largest cryptocurrency exchanges. The legal action taken by the SEC carries significant implications for both Binance and the broader crypto market. This article aims to shed light on the details of the case and explore the potential consequences for the exchange and the cryptocurrency industry as a whole.
      Background:
      Binance, founded in 2017, quickly rose to prominence as a global leader in the cryptocurrency exchange space. With its wide array of trading options and extensive coin offerings, the platform has attracted millions of users worldwide. However, its rapid growth and expanding services have also drawn increased regulatory scrutiny.
      The SEC Lawsuit:
      The SEC alleges that Binance has violated securities laws by offering and selling digital asset securities to U.S. investors without proper registration. The complaint suggests that Binance allowed users to trade securities that qualify as securities under U.S. law, yet failed to meet the necessary regulatory requirements. The SEC claims that Binance's actions have caused substantial harm to U.S. investors, thereby necessitating legal action to protect their interests.
      Potential Consequences:
          Regulatory Impact: The SEC's lawsuit against Binance sends a strong message to other cryptocurrency exchanges operating in the U.S. market. It highlights the regulatory agency's intent to enforce securities laws in the crypto sphere. As a result, exchanges may face increased scrutiny and stricter compliance requirements.
          Investor Confidence: The legal action raises concerns about the level of investor protection within the crypto market. While regulatory oversight is crucial for safeguarding investors, the lawsuit against Binance could dent confidence in the industry as a whole. Investors may become more cautious, potentially affecting trading volumes and market sentiment.
          Market Volatility: Binance's legal battle with the SEC has the potential to introduce increased volatility into the crypto market. Uncertainty surrounding the outcome of the lawsuit and its implications for Binance's operations could result in short-term price fluctuations and heightened market turbulence.
          Industry Regulation: The lawsuit highlights the need for clearer regulations surrounding cryptocurrencies and exchanges. It may prompt policymakers to expedite the development of comprehensive regulatory frameworks to address the challenges posed by digital assets. Such regulations could provide greater clarity for market participants, potentially fostering long-term stability and investor confidence.
      Conclusion:
      Binance's legal battle with the SEC marks a significant development in the regulation of the cryptocurrency industry. The outcome of the lawsuit will likely have far-reaching implications for Binance and other exchanges, as well as the broader crypto market. As regulators worldwide grapple with the evolving nature of digital assets, it is crucial to strike a balance between investor protection and fostering innovation. The outcome of this case will serve as a pivotal moment in shaping the future of the cryptocurrency landscape.

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      Binance Rejects Allegations of Market Manipulation by DWF Labs

      DWF Labs has once again been accused of market manipulation, with reports suggesting that the company manipulated the price of several cryptocurrencies, including Yield Guild Game (YGG), in 2023. However, Binance has vehemently denied the allegations, stating that its market surveillance program would not allow such manipulation.
      According to a recent report by The Wall Street Journal, DWF Labs allegedly manipulated the price of YGG and at least six other cryptocurrencies last year. However, Binance has insisted that its robust market surveillance framework would prevent such manipulation from occurring.
      "We emphatically reject any assertion that our market surveillance program has permitted market manipulation on our platform," said a Binance spokesperson. "We have a robust market surveillance framework that identifies and takes action against unfair trading practices. Any users who breach our terms of use are immediately removed; we do not tolerate unfair trading practices."
      Binance has also highlighted its efforts to prevent and detect market manipulation, pointing to its ban on over 355,000 users who have violated its terms of use. The company has also emphasized the importance of investigating potential market manipulation, which is a top priority for the world's largest exchange.
      "Independent investigations have also validated the effectiveness of our approach, finding 'minimal signs of anomalous trading activities'," said the Binance spokesperson.
      The allegations against DWF Labs are not new, with the company being accused of market manipulation earlier in the year. Wintermute, an algorithmic trading firm and market maker, was one of the first companies to accuse DWF Labs of crypto market manipulation.
      DWF Labs has strongly denied the allegations, with its co-founder Andrei Grachev calling the claims "baseless". The company has also emphasized its commitment to fair and transparent trading practices.
      The allegations against DWF Labs highlight the ongoing challenges faced by cryptocurrency exchanges in detecting and preventing market manipulation. As the industry continues to evolve, it is crucial that exchanges prioritize transparency and fairness in their trading practices.
      Related: Public blockchain ledgers 'not fit for purpose', says JPMorgan executive
      DWF Labs — a Web3 investment and market-making firm — was first hit by market manipulation allegations in September 2023 after high-volume on-chain activity raised concerns among crypto investors.
      Wintermute, an algorithmic trading firm and market maker, was among the first companies to accuse DWF Labs of crypto market manipulation.
      During a September interview at Token2049, Wintermute co-founder Yoann Turpin said that DWF Labs "are not market makers in our sense" and confuse users because they "declare what are essentially [over-the-counter] trades as investments."
      Andrei Grachev, the co-founder of DWF Labs, has strongly denied the allegations.
      Related: Trader loses 7-figure sum due to 0L Network hard fork

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      Binance Unveils Ambitious Hiring Plans For Compliance Team

      Binance, one of the world's leading cryptocurrency exchanges, has announced plans to hire 1,000 new employees this year, with 200 positions specifically dedicated to the compliance team. This information was revealed by CEO Richard Teng during an interview with Bloomberg News while he is currently in the United States.
      Investment in Regulatory Compliance
      Teng stated that Binance is prepared to invest over $200 million this year solely to align its operations with existing regulations across various jurisdictions. This figure marks a significant increase from two years ago, when the company’s compliance expenses were reported to be just $158 million.
      Regulatory Challenges in the United States
      The exchange faced a substantial regulatory blow in the U.S., where it was ordered to pay a fine of $4.3 billion. This decision followed a court ruling in February, which approved a settlement agreement regarding Binance's admission of guilt. The settlement was a resolution with the Department of Justice (DOJ) and other U.S. agencies, stemming from compliance failures that allowed criminals and terrorist organizations to use the platform for transferring illicit funds.
      As part of the agreement, Binance also consented to be subject to long-term monitoring of its operations by the Department of Justice and the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury.
      Resumption of Operations in India
      Last week, Binance announced the full resumption of its operations in India, a move made possible after the company accepted a penalty of $2.25 million imposed by the Indian Financial Intelligence Unit.
      Despite these challenges, Teng confirmed that Binance is in strong financial health. When asked if the exchange is considering preparing for an initial public offering (IPO), he stated:

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      Teng also acknowledged the mistakes made in the past, remarking:

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      Conclusion
      As Binance navigates through regulatory difficulties and expands its workforce with a focus on compliance, the company aims to reinforce its commitment to operating within legal boundaries. This strategic move not only reflects Binance's adaptation to stringent regulatory demands but also its ambition to regain and maintain user trust in a rapidly evolving cryptocurrency landscape.

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      Binance Wins Crucial Appeal In The United States

      The Binance cryptocurrency exchange has won a significant appeal in the United States. A circuit court in Florida has overturned the suspension of Binance's business license for financial services in the state. This is a major regulatory victory for Binance.US, allowing it to continue operating on one of the largest cryptocurrency markets in the world.
      The court ruled that the Florida Office of Financial Regulation (OFR) did not have sufficient legal justification for the extraordinary suspension of Binance's license. The OFR had suspended the license in response to a confession by Binance's CEO, Changpeng Zhao, to violating American anti-money laundering laws in November 2023.
      The appeals court cited state law, which states that the OFR "may" suspend a license for financial services "in any manner deemed fair under the circumstances" if the agency presents grounds justifying its decision. The court concluded that the OFR did not provide adequate justification for the suspension and that the use of the word "may" in the statute implies freedom of judgment rather than an obligation.
      The court also found that suspending Binance's license would have caused significant financial losses and tax obligations for over 170,000 account holders in Florida.
      "To comply with the suspension, each client would need to liquidate their digital assets, which would result in financial losses due to fluctuations in digital asset prices," the court said.
      The decision is subject to further appeal by the OFR. In the meantime, Binance.US has temporarily suspended new user registration on Florida.
      However, this is not the end of Binance's problems in the US. The exchange is also facing suspension or denial of its license renewal in several other states, including Alaska, Maine, North Carolina, and Oregon. The status of its license remains unclear in Georgia and Ohio.
       
       
       

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      Bitcoin 2024 Behind Us. Donald Trump Has Announced A Revolution!

      Bitcoin 2024 Conference Concludes: Donald Trump Promises Revolutionary Changes in U.S. Politics
      The Bitcoin 2024 conference has come to a close, marking a significant milestone in the cryptocurrency landscape. The event featured a myriad of speakers, including industry experts, politicians, and financial leaders.
      Among the notable speakers was Donald Trump, who is currently campaigning for the presidency. During his address, he made several electoral pledges that resonated with the audience. In a particularly popular declaration, he vowed to "free" Gary Gensler, the current Chair of the SEC.
      “I will appoint a new SEC Chairman who believes that America should build its future rather than block it,” he declared.
      Furthermore, Trump pledged that under his administration, the U.S. government would not sell the over 200,000 BTC it has confiscated from criminals over the years—a topic he emphasized would be revisited.
      Trump endeared himself to the crowd, turning his speech into something reminiscent of a campaign rally. He asserted that Bitcoin's market capitalization would eventually surpass that of gold.
      In a bold statement, he assured the audience, “There will never be a CBDC as long as I am President of the United States.”
      Bitcoin in the Federal Reserve’s Reserves
      Senator Cynthia Lummis later echoed Trump’s remarks about the 200,000 BTC during her presentation. She committed to advocating for the incorporation of Bitcoin into the Federal Reserve's reserves.
      “The Bitcoin reserve we plan to establish will begin with the 210,000 bitcoins mentioned by President Trump, and these will be securely stored in multiple vaults. This is just the beginning,” she explained.
      In her vision, the U.S. would purchase 1 million BTC over the next two decades, amounting to approximately 5% of the total Bitcoin supply.
      “We currently have the funds, but we will no longer hold them in U.S. dollars or assets that depreciate by at least 2% each year. Instead, we will invest in assets that appreciate in value,” she clarified.
      Bitcoin Price Surges: What’s Driving the Increase?
      During Trump's speech, Bitcoin's price fluctuated, experiencing both rises and dips. However, as news of the statements made at Bitcoin 2024 spread, the cryptocurrency's value surged significantly. Currently, Bitcoin is trading at approximately $69,800, reflecting a price increase of 3% over the past day and 3.5% over the week.
      Ethereum is also witnessing gains, priced at around $3,400, which indicates a 4% increase in the last 24 hours.
      The rise in cryptocurrency valuations is attributed not only to the events at Bitcoin 2024 but also to new projections regarding interest rates in the U.S. The Fed Watch Tool indicates a 0% probability that the Federal Reserve will not lower interest rates in September, contributing to the growing optimism within the market.
      In summary, the Bitcoin 2024 conference has not only set the stage for potential shifts in U.S. monetary policy but has also invigorated the cryptocurrency market, fostering an environment of excitement and speculation.

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      Bitcoin Could Hit $400K Analysts Point To 3 Key Catalysts For A Massive Rally

      Bitcoin enthusiasts are buzzing with excitement as some analysts predict that the cryptocurrency could soar to an astonishing $400,000 in the coming years. This optimistic forecast hinges on three major events that could propel Bitcoin to new heights, drawing parallels to gold’s recent surge to record levels.
      While Bitcoin has experienced a prolonged period of stagnation, leading some traders to speculate that the market has peaked, others remain confident that BTC is on track to achieve significantly higher prices by 2025. One analyst even suggests that Bitcoin could mirror gold’s trajectory, potentially rising by 400% in the next cycle.
      Bitcoin Following Gold’s Footsteps to $400,000
      A pseudonymous Bitcoin trader, apsk32, recently shared an intriguing analysis suggesting that Bitcoin could follow a similar path to gold, potentially reaching $400,000 by 2025. Using a power law model normalized against gold’s market capitalization, the analyst plotted Bitcoin’s price on a logarithmic scale, measuring each BTC in ounces of gold rather than dollars.

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      Historically, Bitcoin has traded within a predictable range relative to the power law support line, as shown in the chart above. The analyst explained:

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      This analysis aligns with Bitcoin’s four-year market cycle, which suggests another significant price surge could be on the horizon.
      In December 2024, Blockware Solutions, a prominent crypto mining firm, also projected a bullish price target for Bitcoin. They estimated a bearish scenario at 150,000,abasecaseat150,000,abasecaseat225,000, and an optimistic target of $400,000. The firm highlighted three key factors that could drive Bitcoin to these levels:
      A U.S. Strategic Bitcoin Reserve: If the U.S. government decides to hold Bitcoin as a reserve asset, it could significantly boost institutional adoption.
      Federal Reserve Rate Cuts: Lower interest rates could increase liquidity in the market, driving more capital into risk assets like Bitcoin.
      Corporate Bitcoin Adoption: More companies adding Bitcoin to their balance sheets could create a snowball effect, pushing prices higher.
      Bitcoin’s Taker Buy-Sell Ratio Signals a Bullish Reversal
      While Bitcoin’s price has been range-bound between 95,000and95,000and97,000 in recent weeks, some analysts believe a breakout could be imminent. ShayanBTC, a well-known market analyst, pointed out that Bitcoin’s taker buy-sell ratio is showing signs of a strong reversal, indicating potential upward momentum.

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      Historically, when the 14-day SMA of the taker buy-sell ratio dropped to 0.96 (as seen in June 2024 and August 2023), Bitcoin experienced a bullish rebound. If the ratio climbs above the 1.0 mark, it could signal increasing buying pressure, potentially breaking Bitcoin out of its current sideways trend.
      Key Takeaways
      $400,000 Bitcoin? Analysts believe Bitcoin could reach this staggering price if three key events occur: a U.S. Bitcoin reserve, Fed rate cuts, and widespread corporate adoption.
      Gold’s Influence: Bitcoin’s potential trajectory is being compared to gold’s recent surge, with some predicting a 400% rise in the next cycle.
      Bullish Indicators: The taker buy-sell ratio suggests that buyers are regaining control, which could lead to a breakout from the current consolidation phase.
      Final Thoughts
      While the $400,000 price target may seem ambitious, the combination of macroeconomic factors, institutional adoption, and Bitcoin’s historical market cycles makes it a plausible scenario. As always, the cryptocurrency market remains highly volatile, and investors should approach such predictions with caution. However, the current indicators and analyses suggest that Bitcoin’s best days may still be ahead.

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      Bitcoin Faces Challenges Below $85,000 Amid Bull Market Uncertainty

      The leading cryptocurrency has been unable to break through the $90,000 threshold for more than a week now.
      As of March 14, Bitcoin continues to struggle below the $85,000 mark, despite the S&P 500 index witnessing a 1.9% increase. This lack of momentum raises concerns among traders regarding the durability of the current bull market and the persistence of selling pressure.
      Bitcoin’s Basis Rate Indicates Steadiness Despite Price Decrease
      Following a significant decline of 30% from its peak of $109,354 on January 20, Bitcoin's derivatives market is showing signs of resilience.
      The Bitcoin basis rate, which reflects the premium on monthly contracts compared to spot markets, has bounced back after briefly indicating bearish sentiment on March 13. Traders usually seek a 5% to 10% annualized premium as compensation for the longer settlement periods; while Bitcoin’s current basis rate of 5% is lower than the 8% recorded two weeks ago, it remains in a neutral zone. This indicates that leveraged buyers are still participating in the market, albeit with decreased confidence.
      The relationship between Bitcoin's price movements and the S&P 500 challenges the long-held belief that Bitcoin operates independently of traditional financial markets. Amid ongoing global economic uncertainties, investors seem to be reducing their exposure to riskier assets such as Bitcoin and are opting for safer investments like short-term bonds.
      Nonetheless, central banks are anticipated to implement stimulus measures to avert an economic downturn, which could be beneficial for Bitcoin as a limited asset. According to the CME FedWatch tool, markets currently assess a less than 40% chance of U.S. interest rates dropping below 3.75% from the existing 4.25% benchmark prior to the July 30 Federal Open Market Committee (FOMC) meeting.
       

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      Bitcoin Derivatives Show Stability Amid Market Fluctuations
      Despite the recent market volatility, Bitcoin derivatives have remained stable. The 25% delta skew, a crucial indicator for options traders, shows that professional traders are not actively hedging against further declines. This suggests that the market does not expect Bitcoin to plummet to $76,900 in the near term.
      In bullish environments, put (sell) options typically trade at a discount of 6% or more, while bearish periods see this metric shift to a premium of 6%. While there were brief spikes in bearish sentiment observed on March 10 and March 12, the delta skew has stayed within a neutral range, indicating a robust derivatives market.
      Investor confidence is further reflected in Bitcoin's margin market. At OKX, the long-to-short margin ratio is currently reported at 18:1, signaling strong bullish positioning. Historically, extreme confidence has pushed this ratio above 40:1, while levels below 5:1 suggest bearish sentiment. This current ratio resembles that of January 30, when Bitcoin was trading above $100,000.
      Over $920 million in leveraged long futures contracts were liquidated in the week leading up to March 13, contributing to short-term volatility. Nevertheless, Bitcoin's derivatives and margin markets show no substantial signs of distress, implying that investor sentiment remains healthy.

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      Bitcoin Faces Potential Decline Amid Rising Open Interest: Analysis by CoinGlass

      According to the cryptocurrency analysis platform CoinGlass, Bitcoin may face additional downward pressure as the open interest in futures contracts continues to increase in light of recent price movements.
      In a post dated August 16, CoinGlass pointed out that the total open interest (OI) for Bitcoin futures—indicating the number of contracts that remain unsettled—has reached $29 billion, continuing an upward trend throughout the week.
      This increase in open interest coincides with a 5% drop in Bitcoin's spot price over the past two days, a scenario that CoinGlass deems "somewhat unusual," given that the open interest has not yet adjusted to this price decline.
      “As open interest rises, it indicates that both long and short positions are on the rise,” CoinGlass noted. This situation adds further leverage to the market, which could amplify price fluctuations in either direction.

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      Open Interest Trends Resemble Previous Price Drops
      Notably, a similar increase preceded the significant 20% plunge in Bitcoin's price observed on August 5, which was a result of excessive leverage in the market being liquidated.
      This situation, as highlighted by CoinGlass, suggests that Bitcoin may experience more downward movement in the near future. The firm elaborated:
      Recent data from CoinGlass also shows that funding rates have turned negative. Such negative funding rates arise when futures contracts trade below the spot price of the underlying asset.
      This scenario disincentivizes traders from maintaining long positions due to the associated costs, while simultaneously encouraging short positions, as traders could potentially benefit from the negative funding rates.
      The end of the week is also marked by a notable expiration of crypto options, with around 24,000 Bitcoin contracts set to expire today, valued at approximately $1.4 billion according to Deribit data.
      Despite the magnitude of this event, expirations typically exert minimal influence on spot markets.
      Instead, the accumulation of substantial leveraged positions is likely to play a more significant role, especially when those positions are liquidated, resulting in increased price volatility.
      Low $40,000 Bitcoin Still a Possibility
      This recent development reinforces the pessimistic projections made by some analysts, who contend that Bitcoin could witness further declines before any substantial upturn occurs.
      Timothy Peterson, founder of Cane Island Alternative Advisors, mentioned in a post on X that achieving both $40k and $80k is equally probable within the next 60 days.
      Similarly, Markus Theilin, CEO of 10x Research, has identified the “low $40,000s” as the optimal re-entry point for bullish investors.
      However, opinions remain divided regarding the likelihood of Bitcoin experiencing another significant drop or continuing on its path of long-term recovery.
      Despite the prevailing uncertainty, confidence among investors in Bitcoin appears to be gradually resurging following its recovery after last week's decline. Recent findings from analytics firm Glassnode indicate a shift in Bitcoin owner behaviors towards HODLing.
      This trend suggests that the market may have entered a phase of accumulation, where long-term holders are accumulating and storing Bitcoin with expectations of future gains. Such a shift could strengthen the case for a more sustained recovery in the months ahead.

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      Bitcoin Surges Past $100,000 Amid Growing Momentum From Trump's Election Confirmation

      According to analyst Alex Kuptsikevich from FxPro, the cryptocurrency market is entering a phase of consolidation, characterized by robust investor sentiment and active purchasing, indicating prospects for further advancements.
      On Monday night, Bitcoin once again crossed the $100,000 threshold, marking its first return to this level in two weeks. This increase came in the wake of Congress officially certifying Donald Trump’s victory for the 2024 presidential election, paving the way for his inauguration on January 20.
      During a formal session held on Monday, Congress ratified the election outcomes for all 50 states and the District of Columbia. Vice President Kamala Harris presided over this joint session of the House and Senate.
      By 12:09 AM ET on Tuesday, Bitcoin was trading at approximately $101,775, representing a 10% increase over the preceding week. In the meantime, the overall cryptocurrency market capitalization exceeded $3.7 trillion, hitting its highest value since December 19.
      Bitcoin Set for Upward Trend If It Breaks $109K: Analyst Insight
      Alex Kuptsikevich, chief market analyst at FxPro, remarked that the crypto market's short-term gains are evolving into a consolidation phase. He stated: “The market seems to be assessing the ground beneath it and is slowly moving upwards,” further mentioning that the current sentiment index of 76, which indicates extreme optimism, signals active buying and substantial potential for additional growth.
      He highlighted that current technical indicators suggest the conclusion of a standard correction, with a renewed growth trajectory aimed at reclaiming 61.8% of the November rally. This viewpoint would gain support if Bitcoin successfully surpasses its previous peak around $109,000. Kuptsikevich anticipates that Bitcoin's ascent will intensify following its successful breach of the $100,000 mark.
      Binance Highlights Bitcoin’s Exceptional Performance Following Breakthrough Beyond $100K
      Bitcoin initially achieved the $100,000 milestone on December 5, driven by rising optimism regarding Trump's potential to implement crypto-friendly legislative changes upon taking office. Trump had pledged during his campaign to turn the US into the "crypto capital of the world."
      As of Tuesday, January 7, data from SoSoValue indicated that US-based Bitcoin spot ETFs saw net inflows reaching $987.06 million, while US spot Ether ETFs attracted $128.7 million.
      On the regulatory front, China's authorities have taken a firmer stance by extending foreign exchange regulations to encompass cryptocurrency transactions. The State Administration of Foreign Exchange (SAFE) has categorized these transactions as high-risk, advising financial institutions to vigilantly monitor all crypto-related activities.
      In a separate announcement, Binance released a report on Monday, showcasing Bitcoin as one of the leading global assets this year, second only to Nvidia. The report attributes Bitcoin's remarkable performance to several key factors, including the approval of spot ETFs, the forthcoming Bitcoin Halving, changes in monetary policy, and expectations for more favorable regulatory frameworks. Should this momentum persist leading into 2025, Bitcoin could further ascend in global asset rankings, solidifying its status as a prominent asset class.

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      Bitcoin To Get A New Network For Sending Funds

      Have you ever found yourself waiting for an extended period of time to receive a Bitcoin transaction, or been forced to pay a higher fee to a miner to get your transfer included in a block? If so, you're not alone. The Bitcoin network is increasingly experiencing such delays and issues. While the Lightning Network provides an alternative, it's not without its flaws. That's why Ark Labs has announced that it's working on a new solution that will make Bitcoin transactions faster and cheaper.
      On June 4, Ark Labs announced the start of work on a new layer 2 blockchain network that will operate on top of the Bitcoin protocol. The goal is to enable users to make simpler and more self-sovereign transactions, which will be much easier to execute than with the Lightning Network.
      The new network is set to revolutionize the Bitcoin ecosystem, with Ark Labs emerging as a new player in the blockchain industry. According to the company's executives, the Lightning Network has several flaws that make it less than ideal for payment processing. Therefore, they have decided to create a successor to L2 that will operate without the need for managing payment channels and liquidity.
      The new network will operate on the Ark protocol, which is heavily inspired by the Lightning Network but will eliminate the need for complex transfer management and liquidity. There will be no need for dedicated nodes or configuration to use the L2 solution.
      All you'll need is a "light wallet" on your smartphone to receive or make a Bitcoin payment.
      The Ark protocol will include a special network of service providers (ASPs) that will connect users with compatible Ark wallets to facilitate transactions. The ASP will act as a trusted server that allows users to make "virtual transactions" between each other, with funds still being transferred over the Lightning Network.
      The ASP will operate on the basis of a trusted server that allows users to make virtual transactions between each other, with funds still being transferred over the Lightning Network. The creator's assurance is that users will have full control over their funds, even if their ASP goes offline.
      When can we expect the new network to launch? As announced, it's expected to happen in 2024.
      This new development is expected to bring significant changes to the Bitcoin ecosystem, providing users with faster and more affordable transactions. With Ark Labs' new network, users will have greater control over their funds and be able to make transactions without the need for complex payment channels and liquidity management.

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      Bitget Partners With TRON: A $10M Investment To Boost Ecosystem Growth

      Victoria, Seychelles - December 19, 2024 – Bitget, a premier cryptocurrency exchange and Web3 entity, has announced a strategic partnership with the TRON blockchain, which includes a significant investment of $10 million in TRX, the platform's utility token. This collaboration aims to enhance TRON's growing significance and market authority in the realm of on-chain global payments, expanding its diverse applications within the blockchain ecosystem, which encompasses centralized exchanges (CEX), decentralized finance (DeFi), and other innovative decentralized applications.
      TRON is recognized as one of the most trusted Layer 1 networks for developers, institutions, and everyday users worldwide. It has established itself as the go-to protocol for the on-chain settlement of USDT payments, boasting over 278 million user accounts and a robust reputation for facilitating quick, low-cost transactions. To date, TRON has processed an impressive average of over $10 billion in daily on-chain transactions and has generated more than $1 billion in total protocol revenue, showcasing its substantial adoption and utility in the real world.

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      With a rapidly expanding user base and over 9 billion transactions processed since its inception, TRON remains one of the most widely embraced blockchains worldwide. This partnership underlines the shared vision of both organizations to make blockchain technology more accessible and affordable for users everywhere.
      About Bitget
      Founded in 2018, Bitget is regarded as the world's foremost cryptocurrency exchange and Web3 platform. Catering to over 45 million users across more than 150 countries and regions, Bitget is dedicated to enabling smarter trading through its pioneering copy trading feature and various other trading solutions. Users can enjoy real-time updates on Bitcoin prices, Ethereum prices, and other cryptocurrency valuations. Previously known as BitKeep, the Bitget Wallet is a premier multi-chain crypto wallet that offers a wide range of Web3 solutions, including wallet functionality, token swaps, NFT marketplace access, and DApp browsing.
      Bitget is leading the charge in cryptocurrency adoption through strategic alliances, including its role as the Official Crypto Partner of LALIGA, the world’s premier football league, in the Eastern, Southeast Asian, and Latin American markets. The platform is also a global partner of Turkish national athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist), and İlkin Aydın (Volleyball national team), inspiring the global community to embrace the future of cryptocurrency.
      About TRON DAO
      TRON DAO is a community-governed decentralized autonomous organization committed to accelerating the decentralization of the internet through blockchain technology and decentralized applications (dApps).
      Established in September 2017 by H.E. Justin Sun, the TRON blockchain has undergone substantial growth since its MainNet launch in May 2018. As of late 2024, TRON supports the largest circulating supply of USD Tether (USDT) stablecoin, surpassing $60 billion. It has also recorded over 279 million total user accounts on the TRON blockchain, more than 9 billion total transactions, and over $24 billion in total value locked (TVL), as documented by TRONSCAN.

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      Bitpanda & Deutsche Bank Launch Real-Time Cryptocurrency Payments

      The demand for fast and secure financial transactions, including cryptocurrency transactions, is growing. Deutsche Bank has recognized this trend and has formed a strategic partnership with Bitpanda, a platform that enables users to buy, sell, and trade cryptocurrencies. This partnership aims to significantly improve the process of exchanging digital currencies, combining the solidity of traditional banking with the innovative technology of Bitpanda.
      Integration for Safety and Speed
      This partnership will provide users with access to international bank accounts (IBAN) in Germany, enabling them to make real-time transactions. This solution will not only provide convenience but also ensure the safety of international transfers. Deposits and withdrawals made through the Bitpanda platform will now be processed by Deutsche Bank, ensuring the speed and effectiveness of settlements.
      Lukas Enzersdorfer-Konrad, Bitpanda's Deputy CEO, emphasized that trust and security are key values that underpin this partnership. He stated: "Trust cannot be bought, it must be earned. Our focus on compliance, security, and trust over the last decade has allowed us to develop partnerships with prestigious institutions like Deutsche Bank."
      This partnership is not only a benefit for Bitpanda's users but also a significant step for the entire cryptocurrency sector. Banks that have previously approached cryptocurrencies with caution are now more boldly entering the market, offering their services. This is possible due to the MiCA regulations, which aim to clarify the situation on the European financial market.
      Modernization and Innovation in Banking
      Banks are also changing, recognizing the need to incorporate tokenization and cryptocurrency technologies as new asset classes. "European banks are increasingly interested in cryptocurrencies because MiCA regulations clearly define the framework for such operations," added Enzersdorfer-Konrad.
      This partnership demonstrates how traditional financial institutions can work together with modern technologies to provide innovative and secure solutions that meet the needs of the modern financial market.

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      BitTorrent Seedbox Criminal Conviction

      BitTorrent seedboxes have long been a popular tool for users looking to download and share large files quickly and easily. However, the use of these seedboxes for piracy has long been a contentious issue, with many seedbox providers facing legal challenges over the years. In a recent case, a BitTorrent seedbox provider was handed a criminal conviction over users' piracy, highlighting the challenges facing seedbox providers and the need for greater accountability in the industry.
      The case involved a French seedbox provider, which was found guilty of "complicity in the infringement of copyright" by a French court. The court ruled that the provider had knowingly provided a service that enabled users to share copyrighted material, including movies, TV shows, and music, without permission from the copyright holders.
      The seedbox provider was ordered to pay a fine of €3,000 and was also ordered to cease all activities related to the provision of seedboxes for a period of six months. The ruling was seen as a significant victory for copyright holders, who have long struggled to hold seedbox providers accountable for the actions of their users.
      Seedboxes work by allowing users to download and upload files using the BitTorrent protocol. The files are stored on a remote server, rather than the user's own computer, which allows for faster download speeds and greater privacy. However, the use of seedboxes for piracy has been a long-standing issue, with many providers turning a blind eye to the activities of their users.
      The conviction of the French seedbox provider highlights the need for greater accountability in the seedbox industry. While many providers have policies in place to prevent piracy, these policies are often difficult to enforce, and some providers may turn a blind eye to the activities of their users in order to maintain their customer base.
      The conviction also raises questions about the legality of seedboxes as a whole. While seedboxes are not inherently illegal, their use for piracy is a clear violation of copyright law. As such, providers must take greater responsibility for the actions of their users and work to prevent piracy on their platforms.
      However, the conviction of the French seedbox provider also raises concerns about the potential for overzealous enforcement of copyright law. While piracy is certainly a serious issue, it is important that the rights of seedbox providers and their users are also respected. The conviction of a seedbox provider for the actions of its users could set a dangerous precedent, potentially leading to greater censorship and regulation of the internet.
      In conclusion, the conviction of a French seedbox provider over users' piracy highlights the challenges facing seedbox providers and the need for greater accountability in the industry. While seedboxes are a valuable tool for many users, they must be used responsibly and in accordance with copyright law. Providers must take greater responsibility for the actions of their users and work to prevent piracy on their platforms, while also ensuring that the rights of their users are respected. As the internet continues to evolve, it is important that we find a balance between protecting intellectual property rights and preserving the open and free nature of the internet.

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      Bybit Exchange Breached: Over $1.4 Billion in Cryptocurrency Stolen

      On February 21, a significant hack targeted the Bybit cryptocurrency exchange, resulting in the theft of over $1.4 billion from an ETH cold wallet. The stolen assets included liquid-staked Ether (STETH), valued at $2,649.95, alongside Mantle Staked ETH (mETH) and various other ERC-20 tokens. This alarming breach was first identified by on-chain security analyst ZachXBT, who detected the incident shortly after it took place.
      Following this exploit, ZachXBT advised users to blacklist any addresses linked to the hack. Ben Zhou, the co-founder and CEO of Bybit, confirmed the breach and provided insight into the security implications.

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      Zhou revealed that approximately one hour prior to the hack, a transfer was made from the exchange’s multisignature wallet to a warm wallet. He explained that the transaction was cleverly disguised to appear legitimate; however, it contained malicious code intended to modify the smart contract logic of the wallet, allowing funds to be siphoned away. In a reassuring statement, Zhou emphasized:
      “Rest assured that all other cold wallets are secure. All withdrawals are functioning as usual. I will keep everyone updated as new information arises. We would be grateful for any assistance in tracking down the stolen funds.”
      This incident is part of a troubling trend of significant hacks and breaches that have impacted crypto exchanges throughout 2024 and into early 2025.
       
       

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      Zhou later stated, “Bybit remains solvent even if the losses from this hack can’t be recovered; all client assets are backed 1:1, so we can absorb the loss.” In an additional communication on X, the exchange reassured customers, stating that their cold wallets “are fully secure” and confirmed that “all client funds are safe, with operations continuing normally without any interruption.”
      Following the revelation of the hack, the value of Ether (ETH) fell by more than 3%, as this breach ranks among the most significant incidents in recent cryptocurrency history, stirring concerns throughout the market.
      Rising Security Breaches and Scams in February 2025
      The cryptocurrency landscape has seen a surge in hacking incidents and scam-related activities in the initial weeks of February 2025.
      On February 14, ZkLend, a money-market protocol based on Starknet, was exploited, resulting in the loss of $9.5 million. According to the cybersecurity firm Cyvers, the attacker bridged these stolen assets to Ethereum and utilized the Railgun protocol in an attempt to launder the funds; however, Railgun managed to revert the stolen assets back.
      On February 5, both Jupiter, a decentralized exchange on Solana, and former Malaysian Prime Minister Mahathir Mohamad experienced social media hacks. In these cases, the perpetrators leveraged the compromised accounts to promote fraudulent memecoins.
      Shaw Walters, the founder of Eliza Labs, also reported being a victim of a recent social media hack, where the hacker gained control of Walters’ X account and began disseminating scam links. Walters mentioned that the hack transpired despite having two-factor authentication enabled on his account.
      This wave of security breaches emphasizes the urgent need for enhanced protective measures within the cryptocurrency industry. Users are encouraged to remain vigilant and prioritize security protocols, as these incidents continue to pose significant risks to their assets.

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      Canada Slaps KuCoin with Record $14M Fine Over Major AML Violations

      Canada’s financial watchdog has imposed a historic penalty on KuCoin, marking the nation’s largest-ever fine for anti–money laundering (AML) breaches.
      The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) announced a C$19.6 million (US$14.09 million) fine against Seychelles-based Peken Global Limited, the company operating KuCoin. According to FINTRAC, the exchange failed to register as a foreign money services business and neglected to report nearly 3,000 large cryptocurrency transactions between 2021 and 2024.
      Additionally, the agency cited 33 incidents where KuCoin did not report transactions that raised red flags for potential money laundering or terrorist financing.

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      FINTRAC Acts Before Global Audit
      The enforcement comes just ahead of a critical Financial Action Task Force (FATF) audit scheduled for November, during which Canada’s safeguards against financial crimes will be closely examined.
      KuCoin has denied all allegations, describing the fine as “excessive and punitive.” The company stated that it has appealed to the Federal Court of Canada, arguing that FINTRAC wrongly classified it as a foreign money services business under Canadian regulations.
      FINTRAC revealed that the KuCoin case alone represents the bulk of its total enforcement actions over the past year. Out of 23 total penalties worth $25 million, KuCoin’s violations were described as “particularly serious” and, in some cases, “severe.”
      This isn’t KuCoin’s first regulatory issue in Canada — in 2023, the Ontario Securities Commission also sanctioned the exchange for operating without proper registration.

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      Previous U.S. Settlement
      Earlier this year, KuCoin reached a $300 million settlement with the U.S. Department of Justice after pleading guilty to running an unlicensed money services business. As part of that agreement, the company committed to cease all operations in the United States.
      The timing of FINTRAC’s fine coincides with Canada’s largest cryptocurrency seizure ever. Authorities confiscated over C$56 million (about US$40 million) in assets from the lesser-known exchange TradeOgre. The Royal Canadian Mounted Police (RCMP) executed the operation, completely dismantling the platform — marking the first time Canadian law enforcement has fully shut down a crypto exchange.

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      Thailand’s Surprising Partnership with KuCoin
      Despite ongoing legal challenges, KuCoin continues to expand globally. In a recent move, Thailand’s Ministry of Finance selected KuCoin as its first official crypto partner for the G-Token initiative — a government-backed, blockchain-based digital bond program valued at 5 billion baht (approx. $153 million).
      Under this program, KuCoin Thailand will collaborate with XSpring Digital, SIX Network, and Krungthai XSpring to manage token subscriptions, redemptions, and listings. The G-Tokens, fully backed by the Thai baht, offer yields higher than traditional savings accounts and allow investments starting at just $3, making government bonds accessible to ordinary citizens.
      The initiative, authorized under Thailand’s Public Debt Management Act, reflects the country’s push to modernize public finance and democratize access to investments through blockchain technology. KuCoin is also expected to advise on expanding G-Token offerings internationally, pending regulatory approval.

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      Summary
      FINTRAC fined KuCoin a record C$19.6 million for AML noncompliance.
      The exchange allegedly failed to report 3,000 large crypto transactions and 33 suspicious cases.
      KuCoin has appealed the decision, calling the penalty excessive.
      Canada’s AML enforcement is under scrutiny ahead of an upcoming FATF audit.
      Despite regulatory pressure, KuCoin continues global expansion, including a major government partnership in Thailand.

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