Cryptocurrency Daily Thefoxposts.com

HEX (HEX) has experienced quite a rally over the last few days. The asset is up 56.1% in the weekly charts, 82.3% in the 14-day charts, 57% over the previous month, and 44.2% since April 2024. Despite the rally, the asset is down by 0.5% in the last 24 hours. Also Read: Shiba Inu: How Long Until $1000 in SHIB Becomes $1 Million? Source: CoinGecko What’s Pushing HEX’s Price? Source: Pixabay The asset’s latest rally comes after the SEC officially dropped its lawsuit against founder Hichard Heart. The SEC filed its lawsuit against Heart in July 2023. The HEX, PulseChain, and PulseX founder was accused of garnering over $1 billion via the sale of unregistered securities. On Apr. 21, the SEC said it would not amend its complaint. The development marks a rare occurrence when the SEC has lost a lawsuit. The HEX founder’s victory also came on the same day as the swearing in of the new SEC chair, Paul Atkins. The SEC dropping its litigation could be due to Atkins’ p...

One year after Charles Hoskinson shocked the cryptocurrency community by openly stating that XRP had “no partnership or technical value,” the founder of Cardano (ADA) remains adamant about his position, citing two years of harassment by the members of the XRP community. As it happens, X user Good Morning Crypto quoted Hoskinson’s post from December 17, 2022, tagging the Cardano founder and asking him if he still stood “by those bold proclamations about XRP’s value,” to which Hoskinson responded affirmatively and explained his stance in a comment on December 17, 2023. Yes — Charles Hoskinson (@IOHK_Charles) December 17, 2023 XRP crowd’s harassment According to the Cardano founder , the reason behind his dismissive attitude was “two years of daily harassment by the community, the lack of technical overlap between Cardano and XRP, and the different product market fit.” As Hoskinson added: “Projects like Tezos (XTZ), Algorand (ALGO), Polkadot (DOT), Ethereum (ETH),...

Russian co -founder of crypto exchange Bitzlato, Anatoly Legkodymov, pleaded guilty to money laundering charges. According to a press release published by the U.S. Department of Justice (DoJ) on Dec. 6, 2023 Legkodymov pleaded guilty to operating a money transmitting business that “transported and transmitted” over $700 million in illicit funds. The DoJ claims Bitzlato was a primary provider for dark market purchasers and sellers, as well as a “safe haven for ransomware criminals.” Under the plea agreement, Legkodymov will dissolve Bitzlato and will release any claim over $23 million in seized assets of the crypto exchange . “Legkodymov’s guilty plea today confirms that he was well aware that Bitzlato, his cryptocurrency exchange, was being used like an open turnstile by criminals eager to take advantage of his lax controls over illicit money transactions.” U.S. Attorney Breon Peace You might also like: Bitzlato management a...

The founder of one of the largest darknet platforms, Silk Road, Ross Ulbricht, has spent 10 years behind bars. On Monday, Oct. 2, Ulbricht published a post in which he shared that today marks his tenth year in prison . He now fears he will spend the rest of his life “behind concrete walls and locked doors.” He said all he could do now was “beg for mercy.” One year for each finger on both hands. Today ends a full decade in prison . I sometimes fear I'll spend the rest of my life behind concrete walls and locked doors. But I have no one else to blame. It's my poor choices that led me here. All I can do now is pray for mercy. — Ross Ulbricht (@RealRossU) October 1, 2023 Ulbricht’s followers supported him with many positive comments. Users believe that the founder of Silk Road has already learned a lesson after serving such a long time in prison. People have to be free to create government free commerce. What you did was no crime and its entirely the fault of ...

As the digital currency world expands, so does its dark side, with billions of dollars falling into the hands of hackers, scammers, and even trusted founders. The crypto industry, known for its lack of clear regulation and wild price swings, once seemed rife with potential scammers looking to steal from the unwary. While steps are being taken to provide regulatory clarity for crypto worldwide, price volatility and theft are still concerning issues. In 2022 alone, data from Chainalysis shows that bad actors made off with more than $3.8 billion in crypto, most of it stolen from decentralized finance (DeFi) protocols by North Korea-linked attackers such as the Lazarus Group.  The amount was a 15% increase over 2021 when records show hackers and scammers stole about $3.3 billion worth of digital assets. In the first quarter of 2023, 57 cases of crypto theft were reported, with extrapolations of those figures suggesting there could be as many as 228 incidents by the end of the year...