Author: James Wilson

Bitcoin and Ethereum See Inflows Surge Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, have seen significant inflows in recent weeks. Bitcoin recorded its fifth-largest weekly inflows ever, which helped it regain the $60,000 mark. On the other hand, Ethereum inflows ranked second, driven by expectations for the approval of a U.S. Ethereum ETF. Bitcoin’s Bull Run Continues Bitcoin’s recent surge in inflows comes as the cryptocurrency continues its bull run in 2022. Investors are showing renewed interest in Bitcoin as they seek to diversify their portfolios and hedge against inflation. The influx of institutional money into Bitcoin…

Earthquake Strikes DeKalb County in Somonock, IL On Monday morning, a 3.4-magnitude earthquake rattled parts of DeKalb County, according to the U.S. Geological Survey. The quake, which occurred around 2:53 a.m., was centered two kilometers northwest of Somonock. The USGS reported that the earthquake’s focal depth was 9.8 kilometers. The Impact of the Earthquake The earthquake caused tremors and shaking in the affected areas, leaving residents in shock and confusion. While no major damages have been reported so far, residents are urged to stay cautious and prepared for any potential aftershocks. Response and Preparedness Local authorities and emergency response teams…

Earthquake Strikes DeKalb County, Illinois In the early morning hours of Monday, a 3.4-magnitude earthquake rattled DeKalb County in Illinois, as reported by the U.S. Geological Survey. The quake originated two kilometers northwest of Somonauk, a small village in the area. Impact of the Earthquake The seismic event was widely felt across the region, with the strongest tremors reported in the town of Sandwich, located approximately four miles from the epicenter. Residents in nearby areas such as Oswego, Bristol, Montgomery, Aurora, and Plainfield also experienced weaker tremors. Although the earthquake caused some concern among locals, officials have stated that no…

Money Laundering Scheme Unveiled in DMM Bitcoin Hack A hack that targeted Japanese cryptocurrency exchange DMM Bitcoin in May has led to the laundering of over $35 million through the infamous Huioneguarantee marketplace. On-chain investigator ZachXBT, using data from Elliptic, revealed disturbing details about the flow of funds from the hack. North Korea Lazarus Group Suspicions With connections to the ruling family in Cambodia, Huioneguarantee has a history of facilitating illegal transactions totaling $11 billion. Investigators now suspect the involvement of the North Korean-backed Lazarus Group in the DMM Bitcoin hack. ZachXBT identified key similarities in money laundering techniques, leading…

Cryptocurrency Trading Platforms in Hong Kong Placed on Warning List by Securities and Futures Commission Hong Kong’s Securities and Futures Commission has placed seven cryptocurrency trading platforms on a warning list for operating without a license, raising concerns about investor safety. Regulatory Concerns in the Cryptocurrency Market The cryptocurrency market has been experiencing rapid growth and increasing mainstream adoption in recent years. However, with this growth comes regulatory challenges and concerns about investor protection. The Securities and Futures Commission in Hong Kong has been closely monitoring the activities of cryptocurrency trading platforms to ensure compliance with regulations and safeguard investor…

Cryptocurrency Market Surges Following Political Events The cryptocurrency market experienced a significant surge in prices on Monday, with Ethereum (ETH) and Solana (SOL) leading the rally. Both ETH and SOL prices surpassed $3,300 and $150, respectively, as bullish sentiment swept through the market. Bitcoin’s Influence and Positive Momentum Bitcoin’s rise to two-week highs above $63,000 played a crucial role in boosting ETH and SOL prices. The attempted assassination of Donald Trump also contributed to the upward trend, resulting in a renewed interest in cryptocurrencies. ETH, which had dipped below $3,000 during the recent Bitcoin sell-off, managed to climb back above…

Bitcoin and Ethereum See Strong Inflows Amid Growing Optimism The cryptocurrency market saw a surge in inflows last week, with Bitcoin and Ethereum both experiencing significant gains. Bitcoin’s Impressive Week Bitcoin saw its fifth-largest weekly inflows ever, leading to a sharp increase in its price. The influx of funds helped the popular cryptocurrency regain the $60,000 mark, sparking renewed interest from investors. Investors are increasingly bullish on Bitcoin’s future prospects, with many believing that the digital asset has the potential to reach new all-time highs in the coming months. The recent inflows suggest growing confidence in Bitcoin’s long-term viability as…

The Republican National Convention: A High-Stakes Event In just a few days, the Republican National Convention (RNC) will kick off, with former President Donald Trump set to become the official Republican nominee for president. However, the event is marred by a recent assassination attempt on Trump, highlighting the high stakes and security concerns surrounding the convention. Security Measures at the RNC In light of the recent attack on Trump, law enforcement officials are intensifying security measures at the RNC. Plans are in place to expand the perimeter of the event and create a buffer zone to prevent any potential threats.…

Severe Storm Causes Widespread Damage in Chicago Area Chicago (WLS) — Sunday night’s storm wreaked havoc in the Chicago area, leaving a trail of destruction in its wake. When the storm first hit Oak Brook, strong winds and heavy downpours battered the area, causing chaos and devastation. Damage Assessment After the Storm As the storm passed through the region, the extent of the damage became apparent. The streets of Oak Brook were left flooded, making it challenging for residents to navigate. Large tree branches littered the city streets, while light poles lay in ruins. Near Austin and Gage Park, the…

Phishing Scammers Return Most of Stolen Funds to Victims In a surprising turn of events, last September’s phishing scam victims were shocked to find that the scammers had returned the majority of the stolen funds. This unexpected development has left many wondering about the motives behind the scammers’ actions. Possible Reasons for the Fund Return One possible reason for the return of the stolen funds could be the increased scrutiny and attention that the phishing attack received. The scam likely garnered widespread media coverage and law enforcement interest, prompting the scammers to reconsider their actions. Another reason could be a…