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Controversial SEC chair Gary Gensler could be nominated Secretary of the U.S. Treasury assuming a Democratic victory. U.S. Securities and Exchange Commission (SEC) chair Gary Gensler could be nominated to the position of Treasury Secretary if Kamala Harris wins the U.S. presidential elections, the Washington Reporter said on Aug. 19. The self-described right-of-center news outlet cited unnamed senior Senate staffers, adding that the rumors support past statements from top Republicans. The Washington Reporter added that Republican Senate staff expect senators in their own party to oppose such a nomination. Democratic representatives are expected to support Gensler’s nomination. The Reporter anticipated…
According to a report by Immunefi, crypto hackers have stolen over $1.2 billion in digital assets from January to August 2024, marking a 15.5% increase compared to the same period in 2023. Seesawing Trend In 2024 For Crypto Hacks As the crypto industry matures, malicious actors within the ecosystem are becoming increasingly sophisticated in swindling user funds. The latest report by Immunefi reveals that more than $1.2 billion worth of digital assets were lost to hacks and rug pulls in 2024 year-to-date (YTD) across 154 specific incidents. Compared to January to August 2023, when the total value of funds lost…
Akselos and Shell Information Technology have signed a strategic agreement to use digital twins to manage Shell’s oil and gas portfolio. The Swiss-based company Akselos will use structural performance management (SPM) to monitor and manage vital shell assets in real time. The digital twins will be used on projects such as the Shell Scotford Complex in Canada, a hydrocarbon processing site and oil refinery, among other uses. The partnership will position Akselos as Shell’s primary supplier of digital twin software. The structural performance management software aims to improve the lifecycle and performance of Shell assets over time, saving the oil…
Discover 2024’s top 6 cloud mining platforms offering safe and intuitive solutions for generating passive income through cryptocurrency mining. Why Choose Cloud and Mobile Mining? Looking to dive into the world of cryptocurrencies like Litecoin, Ethereum, and Bitcoin without the complexity of owning mining hardware? Mobile mining and cloud mining solutions for Android and IOS devices offer an exciting way to earn Free Bitcoin and other cryptocurrencies. By 2024, cloud mining platforms have become more accessible and profitable, thanks to user-friendly applications available on both Android and IOS devices. These apps make it easy and efficient to earn passive income…
Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career…
Kamala Harris could support crypto to a greater extent than Joe Biden but may also pursue investor protections. Democratic U.S. presidential candidate Kamala Harris will support growth of the crypto sector in her policies, Bloomberg reported on Aug. 21. Senior campaign advisor for policy Brian Nelson commented on the matter. During a Bloomberg News roundtable at the Democratic National Convention, he said: “[Harris is] going to support policies that ensure that emerging technologies and that sort of industry can continue to grow.” Harris is still expected to impose broader safeguards on the crypto sector. Nelson stressed the Harris campaign’s…
The lifespan of scams is getting shorter as cybercriminals change tactics and target individuals on social media.
The crypto market experienced a notable pullback yesterday, with many assets retreating to lower levels. Avalanche (AVAX) suffered a 15% decline from its recent local top of $28.01. This retracement has caught the attention of analysts and investors, who now view it as a strategic entry point for the asset. AVAX is currently testing a key support level that, if respected, could pave the way for further gains. Analysts suggest that this level is crucial for maintaining the uptrend and potentially leading to more upside for the Layer-1 blockchain. If the support holds, it could signal a bullish continuation, with…
Bitcoin is weaving through a consolidation phase since marking a new all-time high of $73,777 in mid-March. Since then, Bitcoin’s daily closing prices have exhibited significant restraint, never sealing above $71,500 and maintaining a floor above $54,000, though it has seen a major intraday low touching $49,000. This consolidation phase has nudged the Fear and Greed Index towards a cautious “fear” score of 30, revealing an atmosphere of apprehension amongst traders who find themselves frequently whipsawed by the volatile market dynamics. Is $60,000 The New $10,000 For Bitcoin Price? Despite the prevailing market nerves, some market experts believe that this…
Bitcoin held in long-term holder wallets has topped $10 billion amid its price falling below $60,000.