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Showing posts with the label crypto industry

French minister steps in to help stop crypto kidnappings

France’s interior minister says his government must “take measures to protect” crypto professionals, as he announced plans to tackle crypto-related kidnappings in the country. Bruno Retailleau told French radio station Europe 1 that he will meet with crypto industry representatives on Friday after the daughter and grandson of Paymium CEO Pierre Noizat were almost abducted by four masked men in a van earlier this week. Luckily, a passerby was able to help prevent the kidnapping, however, it did result in three individuals requiring hospital treatment for light injuries. Retailleau said that he will “work with them on their security so that they become aware of the risks .” “We must jointly take measures to protect them,” he added. Crypto execs hiring private security after high-profile kidnappings, report Read more: Ledger co-founder David Balland released by kidnappers, report Authorities are still pursuing the would-be kidnappers, but Retaille...

Bitcoin dips below $90K hours after SBF tweets for first time since entering prison

Bitcoin (BTC) slipped below $90,000 on Tuesday, just hours after jailed former FTX supremo Sam Bankman-Fried tweeted for the first time since beginning his 25-year sentence for multiple fraud and conspiracy offenses. The dip to $88,780 represents a 19% slide from its $109,114 all-time high on January 20 – the date of Donald Trump’s inauguration – and is BTC’s lowest point since November. At the time of writing, it has seen a slight rebound to $89,154. BTC’s dramatic slide is part of a wider dip across the crypto industry. Rival currency ether (ETH) saw an 11% drop to $2,390 earlier today while Binance’s BRB token, Ripple’s XRP, and Solana’s SOL dropped 6.4%, 14.3%, and 15% respectively. Not even Donald Trump’s own token $TRUMP was safe, seeing its own price tumble 14% in 24 hours and 82% from its all-time high. The seemingly industry-wide drop-off comes just days after crypto exchange Bybit was hacked for somewhere in the region of $1.4 billion in ETH and staked ether...