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Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. For advertising enquiries please contact advertise@cointelegraph.com

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Polygon Discord compromise hits Avalanche, ZKsync hours later

The Discord servers of several high-profile blockchain projects were all hit with similar attacks over the weekend — all sharing links to sham token distribution schemes.

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🚨 JUST IN: Telegram Responds to EU Law Compliance Concerns

Telegram has officially addressed concerns over its compliance with EU regulations, including the Digital Services Act (DSA). Its moderation practices align with industry standards and are continually improving.

In a statement, Telegram emphasized that it is unreasonable to hold a platform or its owner accountable for the misuse of the service by users. CEO Pavel Durov, who frequently travels across Europe, has expressed transparency in Telegram’s operations.

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The singularity: How AI could become the final boss whale of crypto

World-renowned futurist Ray Kurtzweil says the singularity is coming sooner than expected.

https://ct.com/czu9

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Bitcoin chart signals possible move to $68K 'extremely quickly' — Traders

Bitcoin traders are eyeing $68,000 if it can stay above $64,000, a level it has struggled to hold above after 20 days below.

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🚨 BREAKING: Founder & CEO of Telegram, Pavel Durov, arrested in France at the airport as he arrived from Azerbaijan.

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Meta cancels next-gen headset as Reality Labs remains mired in VR

There’s more to the metaverse than hardware, and Mark Zuckerberg appears to be learning that lesson the hard way.

https://ct.com/czr0

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Polygon’s Discord channel hacked, team works to regain control

Mudit Gupta, Polygon’s chief information security officer confirmed the breach and urged users to avoid clicking on any links shared within the Discord channel until the situation is fully resolved.

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Bitcoin's Coinbase premium hit a 39-day high as the price reclaimed $63K. The Coinbase Premium Index, which measures the gap between $BTC prices on Coinbase Pro vs Binance, reached 0.0114 - its highest since July 15. This suggests increased US investor demand.

The surge in demand followed Fed Chair Jerome Powell's speech at Jackson Hole, where he indicated that interest rate cuts were likely, though no specific timeline was given.

Do you think $BTC will surge further this coming week?

👍 Yes

👎 No

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⚡️ JUST IN: Bitcoin breaks 64K! 📈

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🇺🇸 JUST IN: RFK Jr. says he is suspending, not terminating his presidential campaign, and will support Donald Trump.

Both are crypto supporters, does this make you bullish? 🐂

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🇺🇸 Fed Chair Jerome Powell announces that "the time has come" and "there is good reason to think that the economy will get back to 2% inflation while maintaining a strong labor market."

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Today’s Rise'n'Crypto dives into Bitcoin’s wild 938% fee spike and the brewing memecoin battle

Plus, the latest on CZ’s unexpected early release and Grayscale’s new move.

Need the full breakdown? Listen in now!

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El Salvador continues its daily Bitcoin purchases, adding 162 BTC to its holdings

President Nayib Bukele, the architect of El Salvador’s Bitcoin adoption, has consistently advocated for cryptocurrency as a means to economic independence and innovation. His strategy for the government to make daily purchases of 1 BTC highlights his long-term commitment to integrating Bitcoin into the nation’s financial framework.

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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.

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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.

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Rumble boss says he 'departed' from Europe after Telegram CEO arrest

Rumble founder and CEO Chris Pavlovski says he “departed from Europe” after French police arrested Telegram’s CEO and the country “threatened” the video-sharing site.

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Cointelegraph

French authorities to issue statement on Pavel Durov’s detention

It remains unclear if Durov has been officially arrested or charged.

https://ct.com/czur

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Cointelegraph

Telegram founder Pavel Durov was arrested in France on Aug. 24. Here’s what we know so far 👇

🔸 Durov was detained at Le Bourget airport north of Paris after landing in his private jet from Azerbaijan.

🔹 The arrest is linked to a search warrant issued by OFMIN, which oversees crimes against minors. AFP reported that the allegations range from fraud and drug trafficking to cyberbullying and organized crime.

🔸 Numerous reports note that the investigation is rooted in Telegram’s alleged lack of content moderation. Durov was reportedly expected to appear in court on Aug. 25.

🔹 TON blockchain remains operational despite Durov’s arrest and the community expressed support for Durov.

🔸 Tech leaders are reacting: Elon Musk shared a #FreePavel hashtag. Vitalik Buterin voiced concerns about the future of software and communications freedom in Europe.

🔹 In a previous interview with Tucker Carlson, Durov claimed FBI’s interest in Telegram’s source code.

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Cointelegraph

‼️ JUST IN: $TON is down 12%.

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DNA computing breakthrough could turn living cells into functioning blockchains

Scientists built a DNA computer capable of playing chess.

https://ct.com/czri

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Cointelegraph

Big tech is prepping an explosive pivot to robotics

The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.

https://ct.com/czqi

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Analyst eyes Ether ‘major push’ to $3.5K amid traders betting on upswing

Ether’s price chart is signaling a potential rise to levels not seen since the launch of spot Ether exchange-traded funds (ETFs) in July, but analysts believe a weekly close at $2,800 is needed to confirm the move.

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Tether has 'redistributed' $108.8M USDT from illicit activity since 2014

Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million USDT linked to illegal activities since its launch in 2014, according to a recent statement.

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Cointelegraph

🗞 Catch up on the news over the last 24 hours!

💰 Justin Sun calls 12K Bitcoin removal from USDD ‘DeFi 101’

⚖️ Crypto law firm loses appeal to push SEC on Ether

🔗 ETH Dencun upgrade draws L2 bots, more failed txs

📉 Bitcoin needs to clear $62K to avoid another ‘Black Monday’

🚨 Feds recover $5M in 2 pig butcher busts; ex-Kansas bank CEO jailed

🇸🇻 El Salvador adds 162 BTC to its holdings

🔥 Rise'n'Crypto: Bitcoin fees spike 938%, memecoin battle brews

🛑
Tether delays blockchain launch over market concerns

📊 Fed Chair Powell says 2% inflation goal achievable with strong labor market

🚀 Bitcoin hits $63K

🔔 RFK Jr. pauses campaign, plans to support Trump

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Cointelegraph

⚡ Bitcoin just surpassed $62K, will we see $63K? 👀📈

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Tether shuns blockchain launch, cites market concerns

Tether decided not to launch its own blockchain due to market saturation and the availability of strong existing options, according to CEO Paolo Ardoino.

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🚨 BREAKING 🚨

RFK Jr. has officially withdrawn. Trump is now leading on Polymarket, with Kennedy’s upcoming address in Arizona sparking speculation about his next move.

What could this mean for the future of the election?

👉 Stay updated

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Cointelegraph

2 pig butcher busts: Feds recover $5M, ex-Kansas bank CEO jailed

United States prosecutors announced nearly $5 million worth of Tether (USDT) has been seized from a crypto scammer, while in Kansas, a former bank CEO is going to jail for embezzlement.

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ETH Dencun upgrade attracts more L2 bots and failed txs: Galaxy Research

Ethereum’s Dencun upgrade has "greatly improved” the economics of Ethereum rollups. However, Galaxy says it also brought more failed transactions.

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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.

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