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🥛 WOW! What happened yesterday?! 🧐
Today’s edition is brought to you by PayPal - who is charting a new course in the digital landscape with the launch of PYUSD, a stablecoin designed for payments. Explore the new PayPal USD stablecoin! GM. This is Milk Road, your morning crypto chuckle. Because a day without laughter is a day wasted. Here’s what......
SEC X Account Breach Sparks Bitcoin Turmoil; Two-Factor Authentication Absent
A recent cyber security breach that compromised the U.S. Securities and Exchange Commission's (SEC) X account triggered turbulence in the price of Bitcoin. The U.S. SEC's official X account falsely announced approval for listing a spot bitcoin exchange-traded fund (ETF), igniting brief euphoria. However, the tweet emerged as a fake announcement once officials declared the......
MicroStrategy Nears $3 Billion in Bitcoin Profit As BTC Hovers Around $47,000
The massive Bitcoin pile of MicroStrategy is on the verge of clinching an unrealized profit of $3 billion as the cryptocurrency briefly surpassed $47,000. The data, as per the Saylor Tracker, reveals an unrealized profit of $2,928,147,368.20 at press time. Bitcoin experienced a surge from a 24-hour low of $46,291.51 to a high of $47,193.19,......
U.S. DEA Probes Online Opioid Market’s $450M Crypto Flows
The U.S. Drug Enforcement Administration (DEA) has spent three years tracking ShanghaiChemicals, an online marketplace accused of exporting fentanyl ingredients from China to fuel America’s opioid epidemic. According to Forbes, investigators now believe the shadowy operation behind the website may simultaneously defraud narcotics buyers through an elaborate crypto-powered con. Details from a recently unsealed DEA......
Polygon and Fox Introduce ‘Verify’ for Media Authentication
Polygon unveiled the public beta launch of Verify, an open-source protocol designed to cryptographically authenticate digital media content ranging from articles to images. Verify is built on Polygon's own blockchain and aims to counter the spread of AI-fabricated media by enabling verification of source legitimacy. https://twitter.com/0xPolygonLabs/status/1744735793661567246 Polygon shared news of the release, which is in......
🥛 2 reasons a crypto crash could happen… 👀
GM. This is Milk Road, your daily slice of the crypto pie - always fresh, never stale.Here’s what we got for you today: 2 reasons a “Bitcoin Billionaire” thinks a crash is coming…🧐We’re giving away $500 in prizes 💰Graph of the day: 2024 is off to a hot start! 📊10K vendors around the world accept......
SEC Chair Gensler Issues Second Warning on Crypto; Asks Investors To Be ‘Cautious’
The Securities and Exchange Commission Chair, Gary Gensler, took to X to sound alarms over the rising crypto craze among retail investors. His tweet provided a link to an SEC blog post urging cautious consideration before buying the latest cryptocurrency or token. https://twitter.com/garygensler/status/1744736147518206040?s=46&t=Z2UWEe7w4_zGsgujo1CD9g The agency’s outreach forms part of a broader investor education push to......
Valkyrie Co-Founder Expects SEC Nod for Bitcoin ETF, Anticipates Thursday Trading
Steven McClurg, co-founder of digital asset manager Valkyrie, sat down with Fortune this week to discuss his firm’s ambitions in the Bitcoin ETF space. McClurg expressed confidence that the SEC is finally ready to approve the first spot Bitcoin ETF in the coming days, likely allowing trading to commence on Thursday. This confirmation would cap......
North Korea’s Lazarus Group Moves Bitcoin As BTC Breaches $47,000
North Korean hacking group Lazarus withdrew over $1.28 million worth of Bitcoin this week from an unnamed cryptocurrency mixer in its first large transfer in over a month. According to blockchain intelligence firm Arkham, the 27.371 BTC move came after the asset bounced off a 24-hour low near $43,000. The transfer was split into two......
SEC Chair Gensler Issues Caution on Crypto as Bitcoin ETF Decisions Loom
Securities and Exchange Commission (SEC) Chair Gary Gensler took to X recently, cautioning retail investors on lingering cryptocurrency dangers. The cautionary thread comes just as the agency nears pivotal decisions regarding pending Bitcoin ETF applications. Key Takeaways: Gensler warns crypto investments may not comply with securities law protections. Volatility and insolvencies still affect the crypto......
