Crypto Sector Eyes Biden-Trump Debate; Satoshi-era Bitcoin Wallet Revived; Australian Broadcaster Faces Crypto Scam
Summary:
The U.S. crypto industry anticipates the first presidential debate between Joe Biden and Donald Trump, scheduled for June 27. Also, a Bitcoin wallet from 2010, inactive for 14 years, recently transferred 50 Bitcoin to the Binance exchange. Additionally, a significant Australian broadcaster, the Seven Network, had its YouTube channels hacked by crypto scammers who livestreamed a counterfeit Elon Musk promoting a fraudulent crypto scheme.
The initial presidential debate between Joe Biden and Donald Trump, set for June 27 at 9:00 pm ET, is keenly anticipated by the U.S. crypto industry. In parallel events, a Bitcoin miner's long-inactive Bitcoin wallet has sprung back to life, and a prominent Australian broadcaster, the Seven Network, faced a crypto-related scam on several of its YouTube channels, featuring fake livestreams purporting to be from Elon Musk.
On June 27, sitting President Joe Biden and ex-President Donald Trump will face off in their first debate prior to the 2024 election. Although neither party's nomination has been officially declared, early polling suggests a re-run of the Biden-Trump matchup in the forthcoming presidential race. Both contenders are well aware of cryptocurrency's significance, with Trump, despite his previous hostility to such assets, emerging as a Bitcoin proponent. Biden, on the other hand, has pursued several anti-cryptocurrency measures during his time as president, but opinions appear to be changing within Democratic ranks.
Moe Vela, a former presidential aide, stated to Cointelegraph that the topic of cryptocurrencies should be raised in the debate as it represents not only financial relevance but also a considerable voting bloc among the younger demographic. The showdown between Biden and Trump is expected to last an hour and a half with two scheduled commercial breaks.
A Bitcoin (BTC) wallet dating from Satoshi-era 2010, after a 14-year hiatus, exchanged 50 Bitcoin with the Binance cryptocurrency exchange. The miner earned a reward of 50 BTC in July 2010, according to Lookonchain's onchain analysis data, placing it among the earliest recorded Bitcoin earnings when the block payoff was 50 BTC. At present, block payouts amount to just 3.125 BTC.
Back in 2010, the Bitcoin was valued at only $0.05 and had barely crossed its first year. The 50 BTC the miner earned cost just $25 at the time. A glance at the wallet's transaction history confirms that the miner mined a single block, a feat of increasing rarity in the current scenario of soaring Bitcoin network hashrates.
Elsewhere, the YouTube news channel of a leading Australian broadcaster, the Seven Network, was targeted by crypto scammers. They displayed artificial intelligence-generated videos of a counterfeit Elon Musk promoting a fraudulent crypto operation. The channel, renamed to masquerade as Tesla, exhibited a deep fake of the company's CEO purporting to present a crypto giveaway.
At the moment, approximately 150,000 viewers were watching the fake Musk over three simultaneous streams on the covertly renamed channel. The actual number of viewers versus bots to inflate viewer figures remains unverified. As of now, the link to the originally named 7News YouTube channel has been compromised, but the company's verification check is still visible on infiltrated channel.
The Seven Network issued a statement affirming their awareness and ongoing probe into the abnormal YouTube channel activity. They are in contact with YouTube to rectify the problem as swiftly as possible. Further details provided by Felix Ng, Sam Bourgi, and Geraint Price.
Published At
6/28/2024 12:30:09 AM
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