On July 31, Senator Cynthia Lummis officially introduced the Bitcoin Strategic Reserve bill, which would direct the United States government to start a reserve fund for the scarce decentralized asset. The bill would establish a "decentralized network of secure Bitcoin vaults" under the control of the United States Treasury and lay out a goal of accumulating 1 million Bitcoin over time, or roughly 5% of Bitcoin's total supply.

Heather Morgan - a self-styled social engineer and flamboyant rapper also known by her alter ego "Razzlekhan" - made headlines after being arrested for and subsequently pleading guilty to one of the most audacious cyber heists in history: the 2016 Bitfinex hack resulting in the theft of 120,000 Bitcoin, worth $4.5 billion at the time of her arrest. Contrary to popular belief that she was behind bars, Morgan reportedly appeared at the Bitcoin 2024 conference in Nashville, sparking curiosity and controversy among attendees.

The article also covers other top stories of the week in the cryptocurrency space.

Source: https://cointelegraph.com/magazine/bitfinex-hacker-bitcoin-2024-senator-lummis-bitcoin-strategic-reserve-bill-cointelegraph-magazine/

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