GildCoin - Crypto News

2024-01-08 18:46:01 Deepfake Alert: Michael Saylor’s Avatar Used in Crypto Scam – Beware of Fake Bitcoin Giveaways!

Imagine seeing Michael Saylor of MicroStrategy in a video, promising to turn your bitcoins into a goldmine. Sounds too good to be true? It is! AI-generated deepfakes have swarmed Youtube, luring unsuspecting viewers into a scam featuring Saylor's digital doppelganger.

In a stunning revelation on Friday, Saylor himself alerted the public through a tweet cautioning his followers against these fraudulent schemes. The deepfake Saylor can be seen promising to double your Bitcoin if you just send some his way. Red flag alert!

Clicking the bait leads to a scam site promising the “biggest crypto giveaway”: an eye-popping 1,000 BTC and 10,000 ETH. The illusion of urgency is created with limited spots and a no-knowledge-necessary hook. But remember folks, if it sounds like a crypto-carnival, it's probably a carousel of cons.

The counterfeit Saylor peddles a guaranteed outcome, pushing investors to scan a QR code. Meanwhile, the real Saylor shapes his own Bitcoin destiny, selling $216 million in MicroStrategy shares to buy more BTC.

Saylor’s stance on free lunches serves as a timely reminder in the pursuit of easy money: it's usually a gourmet of deceit. Keep your wits about you and report any sightings of these deceptive deepfakes.

In conclusion, this serves as a stark reminder to always verify information and never participate in any cryptocurrency transactions without thorough research. The old adage "if it seems too good to be true, it probably is" has never resonated more in the digital age of deepfakes and crypto-scams. Stay alert, stay skeptical, and keep your crypto safe! Open / Comment

2024-01-05 19:05:14 Strong Crypto Winds: O'Leary's Take on Institutional Interest Irrespective of SEC's ETF Call

In a recent social media blitz, Kevin O’Leary – a name synonymous with savvy investment – has dropped his predictions about institutional interest in cryptocurrency, no matter the outcome on the much-anticipated spot bitcoin ETFs by the SEC. The chairman of O’Leary Ventures doesn't shy away from a bold bet.

While the crypto coaster ride has observers on the edge of their seats, O'Leary's stance remains unshaken: "Even a no decision will not change the long-term potential!" His confidence is a testament to crypto's ever-spiraling allure.

During a notable appearance on Tradertv Live, O'Leary gently burst the bubble of an upcoming SEC nod, resting on Chairman Gary Gensler’s unconfirmed timeline. Yet, for Mr. Wonderful, this doesn't put a damper on the institutional motion propelling cryptocurrency forward.

Breaking down O'Leary's vision, big moves are sculpting the institutional approach to digital assets, particularly as they await regulatory green lights. The Shark Tank mogul details, institutions, notably sovereign wealth, have yet to pledge the traditional 1-3% to crypto giants like bitcoin and ethereum.

Transparency is key, according to O’Leary, for a spot bitcoin ETF approval. He underlined that even a polished Coinbase faces a compliance hurdle. The candid star also recognizes the growing aggressive crypto regulations in the US, forecasting a bleak future for the lesser-known tokens.

In conclusion, Kevin O’Leary remains a bullish beacon in the crypto storm, signaling that regardless of short-term regulatory ripples, the underlying current of institutional interest is charting a strong and unwavering course towards crypto. His wise words may very well steer savvy investors to look beyond the immediate SEC decisions, eyeing the horizon where the real potential of cryptocurrency lies. Open / Comment

2024-01-02 18:58:01 US Lawmakers Ramp Up Backing for CBDC Anti-Surveillance Bill

Amidst the buzz of digital currency and potential government oversight, a milestone surfaces. 75 US lawmakers now champion a cause that's stirring hearts and tweets!

What's at stake, you ask? Privacy and power, plain and simple. Congressman Tom Emmer's bill, the CBDC Anti-Surveillance State Act, aims to stop Uncle Sam from turning into a financial Big Brother. You heard it here: Emmer and his 75-strong brigade are saying 'no' to the feds directly meddling with our digital dough.

Key takeaways from the bill? The Federal Reserve's hands will be tied, unable to open accounts for individuals or shower them directly with digital currency. It's all about putting boundaries on an institution that's more used to drawing them.

Since its intro in January 2022, this bill's been like a snowball rolling down Capitol Hill - getting bigger and bolder. Just recently, the House Financial Services Committee gave it a thumbs up. Seems like this snowball's picking up speed, and lawmakers are building a bipartisan snowman that might just stand the test of time.

Emmer paints a picture: a government-issued digital currency could be Big Brother in your wallet. Unlike the wild west of decentralized cryptos, a central bank digital currency (CBDC) is government-scripted and could put a magnifying glass on every transaction you make. Open / Comment

2023-12-30 14:11:02 Tether CEO Lauds USDT's Astounding $91.5B Market Triumph: The Era of 'Tether Evolved'

In a remarkable testament to its global reach, Tether CEO Paolo Ardoino waxed lyrical about the evolution of the company, emphasizing its significant footprint across emerging markets and its importance to millions worldwide.

"Tether evolved", Ardoino reflects with a sense of pride, acknowledging the company's commitment to learning and improvement. Facing continuous challenges head-on, Tether's team has maintained focus through thick and thin, exemplifying resilience in the competitive crypto sphere.

Notably, USDT has soared to a remarkable $95.4 billion market cap, securing its status as the heavyweight champion of stablecoins. And with an impressive $4 billion in excess reserves Tether's financial stewardship is on firm ground.

Tether's ambitions don't stop at stablecoins, with strategic investments spreading its wings into mining, renewable energy, development platforms, and AI. Projects like Holepunch, Synonim, Northern Data, and Tether Energy underline an expansion strategy that's as diversified as it is dynamic.

Doubling down on compliance, Tether has bolstered its collaboration with pillars of U.S. security, including the Secret Service and the FBI This showcases its unwavering commitment to operating within the regulatory framework.

Looking ahead, Ardoino teases the world with hints at revolutionary products slated for 2024, promising that they will indeed be "mind-blowing." Open / Comment

2023-12-27 19:19:02 Elon Musk Takes a Step Back from Crypto Craze

Elon Musk's Crypto Curiosity Cools Off
In the world of tweets and tech, Elon Musk has been a poster child for cryptocurrency enthusiasm, with a history of stirring the Bitcoin pot. But hold on to your digital wallets, folks! The man of many monikers (remember “Dogefather”?) has taken a U-turn, revealing a surprisingly nonchalant stance on crypto in a recent chat with Ark Invest's Cathie Wood.

Musk's Money Musings
"I don't spend a lot of time thinking about cryptocurrency," Musk declared, sending shockwaves across the internet. Once an ardent advocate of Bitcoin's barking cousin, Dogecoin, Musk now sees money in a different light - a "database of resource allocation," reminiscent of network issues like latency and packet loss. But don't confuse disinterest for ignorance; Musk still sees merit in fiat currency, especially if governments resist the urge to go wild with the money printer.

Tesla's Topsy-Turvy Bitcoin Journey
The billionaire’s boredom with Bitcoin belies his company’s actions. Tesla once took Bitcoin payment, only to pump the brakes over environmental concerns. Fast-forward to the present, and while Tesla has sold much of its Bitcoin reserves, it still clutches onto a digital treasure chest. Musk's new mantra? No cryptocurrency tokens for his companies - a stance as clear as a cloudless sky.

Conclusion: The Future of Digital Dollars vs. The Musk Effect
What's next for the crypto community? With Musk stepping back, it's anyone's guess. His influence has wobbled the crypto world like a high school dance, but now the “Dogefather” seems to have left the party early. It's time to watch and wait - will the market sit and stay, or roll over without Musk's voice to guide it? One thing's for certain: in the dog-eat-dog world of cryptocurrency, today's king can be tomorrow's memory. Open / Comment

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2023-12-18 19:04:01 Man Fingered in the July 2022 Hack on 2 Decentralized Exchanges Pleads Guilty to Computer Fraud

Shakeeb Ahmed, the man publicly charged with the hack of an unnamed decentralized crypto exchange, recently pleaded guilty to computer fraud and has agreed to forfeit over $12.3 million. Damian Williams, the U.S. Attorney for the Southern District of New York, has said that Ahmed also admitted to being the individual behind the July 2022 hacking of the decentralized finance (defi) protocol Nirvana Finance.

In a statement released on Dec. 14, 2023, Williams said Ahmed, a senior security engineer, has agreed to return the stolen crypto to his victims. Chronicling Ahmed’s July 2-3 attack on the decentralized platform, the U.S. Attorney said the security engineer exploited a vulnerability in one of the platform’s smart contracts. This step enabled Ahmed to insert fake pricing data and this ultimately helped to generate approximately $9 million worth of inflated fees.

According to the statement, Ahmed later reached out to the platform and an agreement was reached in which he would return all but $1.5 million worth of digital assets. The agreement was, however, conditioned on the matter not being referred to law enforcement.

On July 28, Ahmed also perpetrated an attack on Nirvana Finance which saw him earn a profit of $3.6 million. To resolve the matter, Nirvana Finance offered Ahmed a reward or “bug bounty” of $600,000 if he returned the stolen assets. However, according to the statement, Ahmed demanded $1.4 million instead.

After the attacks, Ahmed attempted to cover his tracks by using overseas crypto exchanges and swapping the stolen assets with the privacy coin monero. However, Williams is quoted in the statement suggesting that such efforts had been proven to be ineffective.

In addition to attempting to cover his tracks, Ahmed’s web search history just days after the hack suggested that he was planning to flee the United States. Open / Comment

2023-12-12 18:58:01 Nigerian Fintech Flutterwave Secures Money Transfer Licenses in 13 US States



Expanding Global Reach

The Nigerian fintech unicorn, Flutterwave, has recently obtained money transfer licenses in 13 U.S. states. This milestone enables faster, cheaper, and more secure money transfers between the United States and Africa.

Partnership and Regulatory Approval

Flutterwave's partnership with a licensed financial institution also allows it to serve customers in 29 U.S. states. The fintech has been working with African regulators and has received approvals from the Nigerian and Malawian central banks.

Focus on Customer Needs

According to Stephen Cheng, Flutterwave's executive VP for Global Expansion and Partnership, obtaining these licenses expands the company's regulatory footprint and demonstrates its commitment to delivering services with safety and soundness.

Simplifying Payments and Future Plans

Flutterwave's founder and CEO, Olugbenga Agboola, emphasized that being licensed by U.S. regulators brings the fintech closer to its goal of connecting Africa to the world and vice versa by simplifying payments. The company also hopes to expand its footprint in the U.S. by securing more licenses.



This new development is a significant step for Flutterwave as it continues to make strides in the global fintech industry, providing innovative solutions for money transfers between the United States and Africa. Open / Comment

2023-12-09 18:50:18 Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds

The financial regulator in Hong Kong has issued a warning about two organizations suspected of engaging in crypto frauds. The public is advised to exercise cahttps://static.news.bitcoin.com/wp-content/uploads/2023/12/robinhood-eu-768x432.jpgution with investment opportunities that seem too good to be true.

The warning pertains to the Hong Kong Digital Asset Institute (Hong Kong DAO) and Bitcuped.

The Hong Kong police have taken steps to block access to the websites of Hong Kong DAO and Bitcuped.

The SFC has sent cease and desist letters to the operators of websites offering tokens issued by Hong Kong DAO.

Hong Kong DAO has released the HKD token, available for purchase on its website.

The SFC suspects that these organizations may be spreading false and misleading information about themselves and their business.

The regulator cautions investors about online investment fraud related to any type of assets. Open / Comment

2023-12-06 17:44:02 Large Asset Managers Preparing to Buy BTC Ahead of Spot Bitcoin ETF Launches, Says Moody’s Director

The excitement surrounding the potential approval of spot Bitcoin ETFs in the U.S. has led to large asset managers preparing to buy Bitcoin, according to Moody’s Director Yannis Giokas.

Coinbase CEO Brian Armstrong believes that Bitcoin could be the key to spreading Western civilization. This sentiment reflects the growing interest and confidence in Bitcoin as a valuable asset.

The recent surge in Bitcoin prices is attributed to the anticipated approval of spot Bitcoin ETFs by the SEC. Bloomberg predicts a 90% chance of SEC approval by January, further fueling optimism in the market.

With the prospect of mass capital inflows from Wall Street upon the launch of spot Bitcoin ETFs, the crypto industry is poised for significant growth and mainstream adoption. Open / Comment