Author: cointechies
Interpol, the international police agency, has issued a “Red Notice” for Richard Schueler, widely known as Richard Heart, the founder of Hex. The announcement follows allegations of tax fraud and physical violence and marks another major development in the ongoing investigation into the controversial cryptocurrency figure. A Red Notice serves as a global alert, requiring law enforcement to locate and temporarily arrest an individual pending extradition or similar legal proceedings. The Finnish authorities have launched the tender for Schueler, but it is important to note that a Red Notice is not an international arrest warrant. Source: Interpol Details of the…
Disclosure: The views and opinions expressed here belong solely to the author and do not reflect the views and opinions of the crypto.news editorial team. Since moving to a Layer 2-centric approach, the Ethereum (ETH) ecosystem relies heavily on L2 solutions to scale. However, these solutions struggle to compete effectively, especially under pressure from alternatives like Solana (SOL). During the recent meme coin trend, Solana attracted much of the attention due to its advantages: low fees, high transaction speed, and ease of use. To understand the challenges, it is important to examine why L2 solutions have not demonstrated the scalability…
MicroStrategy Chairman Michael Saylor has stepped up his commitment to Bitcoin adoption among leading global corporations and is now reaching out to Amazon CEO Jeff Bezos. In a current one post On X, Saylor directly suggested that Amazon founder Jeff Bezos should consider Bitcoin as a significant investment. Saylor’s recommendation comes as Bezos reportedly prepares for a $600 million wedding celebration. Meanwhile, Saylor urged Bezoz to use the $600 million sum to purchase Bitcoin instead. “$600 million would buy a lot of Bitcoin” he said. Reports indicate that Jeff Bezos will marry Lauren Sanchez on December 28 in Aspen, Colorado.…
The Delhi Transport Department plans to use AI-powered virtual assistance to review documents and answer queries uploaded by Delhi residents on various online services related to the transport department. According to officials, AI assistants will also solve people’s questions and save people time by issuing documents such as driver’s licenses, permits and registration certificates more quickly. Under this project, the Delhi Transport Department plans to implement three key solutions using AI technologies: First, the Transport Ministry website, which will be designed to transform key areas of the Transport Ministry’s operations, such as the ‘automated document verification’ process. and “virtual support”.…
Indian police are using AI for the Mahakumbh 2025, scheduled to take place in the Prayagraj district of Uttar Pradesh state, where over 200 million Hindu devotees are expected. According to the authorities, AI technology will be used to evaluate real-time data for security and crowd management. The AI system will be used by the Uttar Pradesh Police, which will implement and monitor the AI system. The AI system will consist of a mix of multiple data, generate reports and enable real-time analysis of large data sets, thereby improving crowd management for the safety of people and devotees who will…
The head of digital asset research at exchange traded fund (ETF) provider VanEck says a strategic Bitcoin (BTC) reserve could help the US pay off its rapidly rising national debt in about 25 years. In a new thread on the social media platform X, VanEck manager Matthew Sigel shows how a strategic Bitcoin reserve could improve the financial situation of the United States by 2050. In July, Republican Senator Cynthia Lummis of Wyoming said she would announce a bill to create a BTC reserve that would require the US government to accumulate one million Bitcoin in five years. According to…
A well-known market commentator warns that not holding XRP during this bull market could be one of the biggest mistakes for any investor. In one post On X, “Crypto Vilian,” a Cambridge graduate and market chartist, analyzed XRP’s historical price chart. He drew parallels between the current market structure and the pattern from late 2017. The chart shows a sequence of phases: a steep downward trend, a recovery phase and a consolidation phase, followed by a clear upward breakout. During the 2017 rally, this breakout led to a brief consolidation before XRP exploded to an all-time high. According to the…
Disclosure: This article does not constitute investment advice. The content and materials presented on this site are for educational purposes only. The sub-$1 crypto market is brimming with potential, led by Lightchain AI and Cardano, both of which are poised for significant growth. In the sub-$1 crypto market, smart investors often discover tokens with enormous growth potential. A standout opportunity in this space is the Lightchain AI (LCAI) presale, currently priced at just $0.003. As a blockchain AI innovator, LCAI is already attracting attention for its transformative potential. Other frontrunners include Cardano (ADA), known for its scalable architecture and engaged…
With the Cardano price trend turning bearish over the last week, the question is whether buyers can defend the $0.90 level for a possible recovery in the coming days? As part of the general market correction, altcoins have suffered significant losses. Cardano has seen a significant decline during this correction phasethereby losing the critical psychological level of $1. Will increased speculation in the market lead to a rapid decline in Cardano prices or is a bullish reversal possible? Cardano price analysis Currently, Cardano is trading at $0.90, with an intraday gain of 1.93%. This recovery comes after a bearish weekend…
A federal grand jury has returned a six-count indictment against Gabriel Hay, 23, of Beverly Hills, and Gavin Mayo, 23, of Thousand Oaks, accusing them of defrauding investors through fraudulent digital asset projects called “rugpulls.” of having defrauded more than $22 million.” Hay and Mayo are accused of creating and abandoning multiple NFT and cryptocurrency projects and misleading investors with false promises while keeping their funds. The defendants are charged with conspiracy to commit wire fraud, two counts of wire fraud and one count of stalking. Arraignment is scheduled for this afternoon in U.S. District Court in Los Angeles. From…