Tag: AI

Here’s what happened in crypto today

Today in crypto, Democrats won control of Congress as a CertiK executive warned the CLARITY bill was “likely dead.” In Europe, ZachXBT identified French banking group Crédit Mutuel Arkéa as the suspected victim of a crypto theft exceeding $133 million.Democrats win Congress as CLARITY bill faces fresh doubtsDemocrats have won control of both chambers of the US Congress in the midterm elections, giving the party greater influence over crypto legislation and oversight of President Donald Trump’s administration.At the time of writing, Democrats had secured 228 House seats to Republicans’ 139, with 68 races still uncalled, according to the Associated Press. The Senate tally stood at 54 seats for Democrats and 44 for Republicans.The result could derail the CLARITY crypto market structure bill, according to Stefan Muehlbauer, head of US government affairs at CertiK.“The immediate read on this election result is that CLARITY bill is likely dead,” he said in comments shared with Cointelegraph, referring to both the upcoming lame-duck session and the next Congress.Muehlbauer said he expected Sen. Elizabeth Warren and Rep. Maxine Waters, both outspoken crypto critics, to chair the Senate Banking Committee and House Financial Services Committee, respectively. Democratic control could also bring greater congressional scrutiny of Trump-linked digital asset businesses.ZachXBT identifies French bank as alleged victim of $133M crypto theftOnchain investigator ZachXBT has identified French banking group Crédit Mutuel Arkéa as the alleged victim of a crypto theft exceeding $133 million, warning that total losses could be higher. On Wednesday, the pseudonymous crypto sleuth said the institution, which he described as having $235 billion in assets, was allegedly exploited over multiple days. He also suggested that additional losses may have occurred through over-the-counter (OTC) transactions that were not included in earlier estimates. “I suspect the amount stolen is larger when accounting for OTC activity,” ZachXBT said.The bank’s alleged involvement has not been independently verified, and ZachXBT has not disclosed how the attackers gained access to the funds. The disclosure follows ZachXBT’s initial report on Monday, when he identified over $106 million in suspicious withdrawals from centralized exchanges. On Tuesday, he raised the estimated losses to over $133 million after discovering another $27 million in withdrawals, some of which occurred after his initial warning.

Bitcoin Speculated to Hit $20,000

Bitcoin Speculated to Hit $20,000

Bitcoin Speculated to Hit $20,000

Bitcoin Speculated to Hit $20,000

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