Crypto News
NYPD Detectives Investigated for Alleged Role in Crypto Entrepreneur’s Kidnapping
Two New York Police Department detectives are under investigation for their alleged involvement in the captivity of an Italian cryptocurrency entrepreneur. Unapproved Security Services Two New York Police Department (NYPD) detectives who reportedly provided security at a luxury apartment where an Italian cryptocurrency entrepreneur was held captive are under investigation. Detectives Roberto Cordero and RaymondSource link
Crypto May Erode Public Trust in Credit, Warns Central Banker
A top central banker warns crypto’s accelerating fusion with traditional finance could unleash market turmoil, damage trust in banks, and jeopardize control over sovereign monetary systems. Central Banker Cautions: Misunderstood Crypto May Trigger Market Fallout Bank of Italy Governor Fabio Panetta, who served on the European Central Bank (ECB)’s Executive Board from 2020 to 2023,Source link
BitMEX Blocks Lazarus Phishing Attempt, Calls Tactics ‘Unsophisticated’
BitMEX says it foiled a Lazarus phishing attempt posing as an NFT collab, citing sloppy tradecraft and reused tactics.Source link
Trading Bitcoin With Elliott Wave Theory: Patterns and Psychology
Elliott Wave Theory offers traders a structured way to analyze market psychology and price trends, including the notoriously volatile bitcoin. Using Elliott Wave Theory to Navigate Bitcoin’s Cycles Having explored foundational tools like oscillators, moving averages, and Fibonacci retracement, it’s time to delve into Elliott Wave Theory for analyzing bitcoin prices. This advanced technical analysisSource link
Elon Musk Announces ‘Bitcoin-Style’ XChat, But Tech Experts Are Skeptical
Tech billionaire Elon Musk, the boss of X (formerly Twitter), Tesla, and SpaceX, announced on Sunday the launch of a brand-new messaging app called XChat. Neither the BTC market nor the tech community is impressed.One of the key features of the new offering is that it's built on a programming language called Rust with Bitcoin-style encryption. While it sounds exciting, the crypto community is not particularly psyched, raising doubts about what exactly it means."Bitcoin primarily uses signatures, not encryption. This is like saying, we decided to run our rocket on water, since NASA uses Hydrogen and Oxygen," Ian Miers, Assistant Professor of Computer Science at the University of Maryland, said on X.Encryption refers to the process of scrambling data so...