Trader’s acquisition of $1.5M CryptoPunk for $23K raises eyebrows
A trader acquires a rare Ape-themed CryptoPunk valued at $1.5M for just 10 ETH using a smart contract mechanism that allows a shotgun buyout.
Posts published by Cointelegraph.com News 9/534
China 6 months behind US on AI, says Google’s former region head
The former president of Google China says he expects the AI-powered apps to take off much faster in China compared to the United States.
Ethereum needs ‘refined messaging’ to entice Wall St — Attestant execs
Ethereum will become an attractive investment to institutions, but needs better marketing and given time to develop, says Attestant adviser Tim Lowe.
WeWork founder’s crypto startup refunds investors after no token launch: Report
Flowcarbon reportedly cited tough market conditions and resistance from carbon registries as the main reasons behind the refunds.
Vitalik: L2s that aren’t at least ‘stage 1’ are dead to me
The Ethereum co-founder said it was “stage 1 or bust” for his acceptance of a layer-2 project’s decentralization progress.
Bitcoin whale transactions see ‘noticeable’ drop since March price peak
Blockchain analytics firm Santiment says a decline in Bitcoin whale activity is not necessarily a bearish sign.
Crypto stocks recover from dip as polls say Harris won debate against Trump
Crypto and Bitcoin mining-related stocks in the US bounced back from an early trading day dip after opinion polls showed voters rated Kamala Harris debate performance.
Blockchain music startup Tune.fm raises $50M from Global Emerging Markets
The fresh capital brings Tune.fm's total funding to $80 million. The funds will be used to reward artists and users within the platform.
US House Republicans probe SEC’s Gensler on political hiring claims
Three GOP lawmakers asked SEC Chair Gary Gensler to turn over information on his agency’s hiring process, claiming they had found evidence of a political ideology-driven hire.
CFTC partners up to warn on crypto pig butchering scams
Multiple US federal agencies have come together to distribute an infographic on crypto pig butchering to help Americans recognize and avoid the scam.
Choke Point 2.0 is hurting Kamala Harris' 'crypto reset'
Kamala Harris has given cryptocurrency fans little to be hopeful about — despite some of the milquetoast rhetoric from her supporters.
3 reasons why Ethereum price has lagged behind Bitcoin in 2024
Ethereum fell to a 40-month low in its ETH/BTC pair, and data suggests the downside is set to continue.
OpenAI fundraising could push valuation to $150B
As fundraising unfolds, OpenAI’s valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round.
Young consumers may be getting bored with blockchain loyalty reward programs
Mini-dApps, microgames, and the burgeoning prediction markets sector appear to be the most popular methods for retaining engagement.
Movement Labs targets 1-second L2 finality by end of 2024: Co-founder
Apps will be able to settle directly on Movement’s L2 with fast finality ‘postconfirmations’ secured by stakers, the co-founder said.
Does Bitcoin’s negative funding rate signal that bears are in total control?
Bitcoin’s perpetual funding rate shows lack of confidence from bulls, but options markets are displaying resilience.
CleanSpark acquires 7 mining sites in Tennessee, hashrate to grow 22%
CleanSpark is acquiring more sites in Tennessee after buying GRIID Infrastructure's facilities there.
Price analysis 9/11: BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA, AVAX, SHIB
Bitcoin recovered sharply from its intraday low, but holding these gains will determine whether bulls and dip buyers are ready to fight for a stronger trend reversal.
Rare Ape CryptoPunk sells for $1.5M, Magic Eden dominates NFT trading volume: Nifty Newsletter
A group of blockchain advocates urged the United States Congress to clearly define NFTs in response to the SEC Wells notice to OpenSea.
Ex-Alameda CEO was trying to prevent ‘AI disaster’ — former FTX employee
Caroline Ellison's ex-boyfriend, Sam Bankman-Fried, was sentenced to 25 behind bars for his role in the collapse of the FTX exchange.
Ford, Toyota double down on blockchain as driverless car tech stagnates
The automakers led the field in blockchain technology patent filings for Q2 2024.
UK gov’t introduces bill to clarify crypto’s legal status
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.”
VanEck, StoneX analysts peg Ether price upside at $12K to $22K
The Ethereum network could generate $66 billion in free cash flow from transaction fees by 2030, VanEck estimates.
Caroline Ellison asks for time served, citing cooperation with US gov’t
The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022.
Proposed change could save Ethereum from L2 ‘roadmap to hell’
Critics say ETH is in a death spiral, with plunging fee revenue and extractive L2s. But researchers have a plan to Make Ethereum Great Again.
Bitcoin dismisses on-point CPI print as daily BTC price losses pass 3%
BTC price weakness continues, taking BTC/USD below $56,000 despite the smallest year-on-year CPI increase since February 2021.
Bitcoin price struggles as bears overtake bulls in futures markets
Bitcoin must hold above the $50,000 mark until the Sept. 18 Federal Reserve meeting to avoid more downside.
Friend.tech team sold $52M in 6 months, faces rug pull allegations
The Friend.tech team said on Sept. 10 that they have no plans to discontinue their website application.
Major memecoins are down 63% on average despite market frenzy
The top 10 memecoins are struggling as safe-launch tokens capture significant market attention and investor funds.
Chainlink dominance challenged by Pyth’s 46x growth in 2024
While Chainlink retains a strong lead, Pyth’s rapid rise in total value secured hints at shifting dynamics in the oracle market.