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Crypto News Roundup: Politics, Bitcoin Trades, Job Openings, and Money Laundering

Stay updated with the latest in the world of cryptocurrency! Explore politics, Bitcoin trades, job openings, and the fight against money laundering in this comprehensive Crypto News Roundup.

Published

2 months ago

July 17, 2024

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Playing Politics

When the predictions-betting site Polymarket raised $70 million in fresh funding in May, CEO Shayne Coplan tweeted that it was “most gratifying” seeing “widespread adoption” of the platform as an “alternative news source.” It was exactly the sort of deflection-flex one might expect from a startup executive enjoying his liquidity moment. Just over the past couple weeks, blockchain bettors have used the platform (built atop the Polygon blockchain) to:

Wager on President Joe Biden’s chances of winning reelection.
Gamble on Vice President Kamala Harris’s odds of replacing him as the Democratic nominee.
Handicap Biden’s performance during a press conference and ABC TV interview.
Bid up former President Donald Trump’s likelihood of victory following an attempted assassination.
Assess the appeal of his vice president pick, Sen. J.D. Vance (R-Ohio).

A new breed of crypto degenerates have popped up on the social-media site X, posting their winning betting slips, with one lucky soul claiming to have netted more than $400,000 on a single punt. It should be noted that none of this Polymarket gambling is legal in the U.S., since the project was barred in 2022 from doing business in the country under a settlement with the Commodity Futures Trading Commission that also came with a $1.4 million fine. Even so, there’s some speculation that prediction markets might get increasingly cited by news outlets whose political coverage previously relied on polls or pundits. To underscore the point, Axios broke the story this week that Polymarket had hired the widely followed statistician and journalist Nate Silver as an adviser. Silver told the publication in an interview that he expected “more of the investor class to leverage prediction markets to assess the risk of politics on their businesses.” Anyone care to bet?

Scoop

Richard Kim, founder of crypto casino Zero Edge, who previously had served as an executive at Michael Novogratz’s Galaxy as well as the Wall Street banks JPMorgan and Goldman Sachs, has acknowledged losing at least $3.67 million of the company’s funds on bitcoin trades that went sour as the cryptocurrency’s price tumbled in June.

Federal Reserve Bank of New York Job Opening

The Federal Reserve Bank of New York posted a job opening for a “digital assets market specialist,” at a mid-senior level with a pay range of $136,800 to $230,000 a year. Desired attributes include “familiarity with datasets relevant for digital asset markets” and “ability to convey complex subject matter to senior audiences.”

Larry Fink’s Endorsement of Bitcoin

Larry Fink's Endorsement of Bitcoin

Larry Fink, CEO of BlackRock, the world’s largest money manager, said on CNBC that bitcoin is a “legitimate financial instrument” for “when you believe that countries are debasing their currency by excess deficits.” The comment was seen by commentators as a remarkable endorsement of the largest cryptocurrency, giving “boomer advisors comfort and cover to make the allocation.”

Money Laundering Involving Cryptocurrency

The Cambodian currency exchange and payments company Huione Pay received over $150,000 worth of crypto associated with the North Korean hacking outfit Lazarus, Reuters reported. According to two blockchain analysts, the wallet was “used by Lazarus hackers to deposit funds stolen from three crypto companies in June and July last year, mostly via phishing attacks.” Huione Pay’s board said it did not know it had “received funds indirectly” from the hacks.

Craig Wright’s Bitcoin Claim

Australian computer scientist and one-time Satoshi Nakamoto claimant Craig Wright has been forced to update his personal website with a legal notice declaring that he is not the inventor of Bitcoin, and that he is “not the author of the Bitcoin white paper.”

Protocol Village Top Picks

Chromia’s architecture: Blockchain ecosystem that aims to avoid network congestion partly by giving every decentralized app (dapp) its own cluster of nodes and computational resources, has gone live on mainnet.
Polygon Labs: The main developer firm behind the layer-2 blockchain Polygon, released the latest version of its zero-knowledge proving system, “Plonky3” – designed to be more flexible than the previous model.
Waves blockchain ecosystem founder Sasha Ivanov has launched a fully functional testnet for Units.network, an innovative ecosystem of interoperable blockchains built atop the Waves platform.
Pyth, a blockchain oracle protocol, has officially launched its newest product, Express Relay, on mainnet, introducing a novel decentralized solution to the long-standing problem of MEV in processing liquidations and market-efficiency enhancing transactions in DeFi.
Ava Protocol, recently renamed from OAK Network, has launched its mainnet on Ethereum as an EigenLayer AVS for smart contract automation, enhancing Web3 transaction efficiency, privacy, and composability.

CarnationFM: A Decentralized Radio

A group of programmers have devised a means of embedding a hidden encrypted message of up to 250 kilobytes a minute into music files broadcast through Swarm, a decentralized data storage solution operating on the Ethereum blockchain. The project, known as CarnationFM, won the Best Social Impact award at the EthBerlin conference in May.

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Tesla Semi Fire: NTSB Preliminary Report Released

The NTSB’s preliminary report on the Tesla Semi fire has been released. This content includes important information about the details of the incident, the causes of the fire, and Tesla’s safety measures. Explore the impact on Tesla’s electric vehicles and its future steps.

Published

1 day ago

September 17, 2024

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The National Transportation Safety Board (NTSB) released a preliminary report stating that a Tesla Semi electric truck in California required firefighters to use “50,000 gallons” (approximately 190,000 liters) of water to extinguish a roadside fire. Firefighting teams also deployed an aircraft to drop fire retardant on nearby areas as a precautionary measure to control the fire.

The accident occurred on August 19 at 3:13 AM local time on the I-80 highway east of Sacramento. The electric truck went off the road while navigating a curve, collided with a roadside boundary marker, and then struck a tree, coming to a stop. Fortunately, the driver was not injured in the accident; however, considering their health condition, they were taken to the hospital.

The Tesla Semi’s large 900 kWh battery caught fire upon impact, and toxic smoke began to spread during the fire. While the fire continued with temperatures reaching up to 538°C, firefighters worked intensively to cool the blaze with water. However, due to the fire’s effects, the vehicle continued to burn until late in the afternoon. Meanwhile, Tesla sent a technical expert to the scene regarding fire safety and high voltage hazards.

The highway reopened to traffic at 7:20 PM local time, 16 hours after the accident. The NTSB, as an organization that can only make recommendations and cannot enforce regulations, sent a team to the area for investigation purposes. This major accident raised several issues, including dangerously hot fires and toxic smoke, which will attract the attention of many international organizations.

The NTSB had previously stated in 2021 that fires in the batteries of electric vehicles pose serious risks to emergency response teams and that the guidelines provided by manufacturers for such fires are inadequate.

Tech

New Leaks and Features About the Samsung Galaxy S25 Ultra

Discover the latest leaks and features about the Samsung Galaxy S25 Ultra. Equipped with new technologies and advanced features, this smartphone elevates the user experience to a new level. Check it out for details!

Published

1 day ago

September 17, 2024

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New Leaks About Samsung Galaxy S25 Ultra

Samsung is expected to introduce the Galaxy S25 Ultra along with the Galaxy S25 series at the beginning of 2024, likely in January. Although no official announcement has been made yet, leaks regarding the upcoming flagship continue to spread rapidly on the internet. Notable leak source IceUniverse shared several new visuals of the Galaxy S25 Ultra in a post on the X platform. These visuals reveal the design differences between the Galaxy S25 Ultra and the Galaxy S24 Ultra.

One of the notable features in the leaked images of the Galaxy S25 Ultra is the rounded corners of the phone. In contrast, this year’s Galaxy S24 Ultra has quite sharp corners, which has led to feedback from some users indicating discomfort while holding the device. Previous leaks have suggested that the Galaxy S25 Ultra may be somewhat larger.

A tweet shared by IceUniverse: Galaxy S25 Ultra Image

According to leaks, the Galaxy S25 Ultra is expected to be thinner and lighter compared to previous models. In August, rumors emerged that the upcoming Galaxy S25 Ultra would be lighter than its competitors, with a weight of under 221 grams.

Another image featured in IceUniverse’s post shows close-ups of the sides of both next year’s expected flagship phone and Samsung’s current flagship. In this image, the side of the Galaxy S25 Ultra appears flatter with rounded corners. While these changes may not create a major revolution, they will generally positively affect the feel of the phone in hand.

Looking at other rumors about the Samsung Galaxy S25 Ultra, it is expected that the company will offer top-tier screen and camera upgrades next year. Additionally, there is a strong expectation that the satellite connection feature will also be introduced alongside the Galaxy S25.

Tech

iOS 18 Officially Released: Innovations and Features

iOS 18 has been officially released! This update, packed with new features and innovations, elevates the user experience to the next level. Check out our article for details and discover the new offerings of iOS 18!

Published

1 day ago

September 17, 2024

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iOS 18 Officially Released: Here Are the Innovations!

Apple officially launched iOS 18 yesterday, as promised. After a long beta testing phase, this update brings many exciting new features for iPhone users.

iOS 18 Officially Released: Innovations and Features

New Features in iOS 18

Advanced Customization Options on the Home Screen: With iOS 18, users can now arrange app icons freely without sticking to the traditional grid layout. Additionally, there’s an option to change the colors of the icons and adjust their darkness levels. In short, you are no longer bound to a boring layout. It raises questions why Apple waited until 2024 to offer this feature.
Revamped Control Center: The Control Center is completely redesigned in iOS 18. Users will be able to group controls more comfortably, and developers can easily add controls from their applications. Also, there’s an option to divide the Control Center into pages, allowing different controls on each page.
RCS Messaging Support: With iOS 18, Apple introduces Rich Communication Services (RCS) messaging support. Users can add various effects to their texts and react with new emojis for more colorful responses.
Updated Photos App: The Photos app is presented with a new opening page and a modern layout. Users can now browse photos by time, people, and many other criteria, reorder media files, and explore more with the “Collections” feature.
App Lock Feature: Users can now lock specific applications. For example, they can activate Face ID protection from the menu that appears when long-pressing an app icon. Thus, anyone wanting to open the app will have to pass the Face ID protection first.
Apple Intelligence: One of the important features of iOS 18 is Apple’s artificial intelligence kit, Apple Intelligence. However, to fully benefit from this feature, you’ll need to wait for the iOS 18.1 update. More information about Apple Intelligence can be found here.

How to Install iOS 18?