🚨 Top Blockchain News of the Week: 28th July 2024 🚨
1. The U.S. government moved $2B in seized #Bitcoin, causing market concerns. A government-linked wallet transferred 29,800 #BTC, with subsequent #distributions to different addresses, heightening fears of a sell-off impacting Bitcoin's price.
2. Elliot Gunton, a UK #hacker, was sentenced to 3.5 years for hacking over 500 #Coinbase accounts in 2018-2019. He pleaded guilty to fraud and #moneylaundering, stealing over $900,000 from accounts when he was 17 and 18 years old.
3. #Snowden warns that advanced #AI could compromise blockchain privacy, noting that #Bitcoin transactions are traceable through exchanges, exposing sensitive personal details. He fears AI will use this data for deep profiling within a decade.
4. #DonaldTrump, speaking at the #Bitcoin2024 conference in Nashville, pledged to make the US the "#crypto capital of the world" if re-elected, lauding Bitcoin's potential to surpass gold in value and influence, likening it to the early days of the steel industry.
5. Four men were #arrested in Kyiv, Ukraine, accused of kidnapping and murdering a man after forcing him to transfer #Bitcoin worth $170,000—over 500 times the local average salary.
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