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Bitcoin avg transaction fee rises 937.7% in 24 hours

Bitcoin transaction fees surged nearly 940% on Aug. 22, reflecting heightened network demand and pressure on users. Source link

Crypto pyramid scheme leader extradited to China after global pursuit

As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases. Source link

Australian regulator claims win over Kraken’s Bit Trade in federal court 

A court has found Bit Trade offered a product without following design and distribution obligations and acted as a credit facility, in violation of Australian laws.  Source link

Bitcoin must ‘clear resistance’ at $62K to avoid another ‘Black Monday’

Bitcoin is at a critical junction; if it fails to hit $62,000 and hold there, it could drop below $50,000, according to analysts from Kraken. Some aren’t so pessimistic. Source link

Crypto law firm loses appeal to force SEC’s hand on Ether classification

Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security. Source link

OmegaPro co-founder arrested over $4B crypto scam

Andreas Szakacs, the co-founder of OmegaPro was arrested in Turkey in relation to his alleged involvement in a multibillion-dollar crypto scheme.  Source link

Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’

USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi.  Source link

Bitcoin miner OTC balances reach 2-year high — Why it’s a bearish signal

The rising amount of Bitcoin OTC desk balances for miners indicates “significant selling activity” among miners. Source link

FBI will use NFTs to contact victims of crypto fraud scheme Clucoin

The FBI will notify victims of a $1.1 million fraud scheme through NFTs after the founder pled guilty to using the funds to fund his online gambling habit.  Source link

Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express

Malaysia gets out the steamroller as Bitcoin mining stolen electricity issue worsens, Korea’s new ‘exchange closure’ scam. Asia Express Source link