#cryptocurrency

A U.S. court has convicted Chinese businessman Miles Guo (real name Guo Wengui) of racketeering conspiracy and a $1 billion fraud. Simultaneously, the U.S. Securities and Exchange Commission (SEC) has also charged him with cryptocurrency fraud linked to his H-Coin project, which raised about $500 million.

Since early July, the German government has liquidated half of its Bitcoin holdings, amounting to about $1.5 billion. This massive sell-off introduced significant downward pressure on the cryptocurrency market.

Security company SlowMist has analyzed reports of stolen cryptocurrency assets for the second quarter of 2024, which were collected through the MistTrack platform. This analysis only considered hack reports submitted via the official form, identifying three primary attack methods: theft of private keys, the use of fake crypto wallets, and phishing.

Cryptocurrency exchange Gemini has become a sponsor of the English football club Real Bedford, owned by Peter McCormack, host of the popular podcast What Bitcoin Did. The sponsorship deal was paid in Bitcoin, which will be used for club development and the launch of a youth academy.

Federal Judge Katherine Polk Failla has advised the cryptocurrency exchange Coinbase not to seek access to the personal correspondence of SEC Chairman Gary Gensler, particularly those messages sent before his appointment. She characterized the request as inappropriate but allowed formal proceedings to begin.

Polychain Capital has accused its former general partner, Niraj Pant, of secretly arranging a deal with cryptocurrency project Eclipse Labs, where he received tokens without informing the company. According to internal documents from Eclipse, Pant was allocated 5% of the tokens shortly after he recommended that Polychain invest in the project.

Ukrainian cryptocurrency exchange WhiteBIT and the National University "Kyiv-Mohyla Academy" (NaUKMA) have successfully wrapped up their first "Blockchain Technologies" educational program at the academy's Faculty of Computer Science.