Tragedy or rug pull? Inside the collapse of a ‘charitable’ NFT project
Orica NFT’s charity efforts have succeeded, but its tokenholders have not, and up until now, its co-founder was nowhere to be found.
Posts published on August 17, 2023 go to media archive 2/4
SpaceX sold $373M worth of Bitcoin acquired in 2021-2022: Report
Elon Musk announced in 2021 that SpaceX had some Bitcoin holdings following an SEC filing showing Tesla planned to purchase $1.5 billion worth of the cryptocurrency.
The Protocol: Blockchains Keep Launching, From Sei to Shibarium
In this week's issue, we cover Coinbase's launch of "Base," a layer-2 network atop Ethereum, along with the crypto community's reaction to PayPal's new stablecoin and the brouhaha over Matter Labs' use of Polygon-crafted open-source software. The…
UK crypto businesses to comply with FATF Travel Rule beginning in September
The U.K. passed legislation in 2022 to make it one of the few countries in compliance with the extension of the Travel Rule to crypto.
Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users
The exchange expanded its services in Canada earlier this week.
PayPal And The Crypto Conundrum: Understanding The UK Sales Suspension
PayPal has announced a temporary suspension of cryptocurrency sales within the United Kingdom for a minimum of three months, commencing on October 1. This decision is in direct response to the recent regulatory reforms introduced by the Financial…
Bitcoin price breaks from range with drop below $28K, and options tilt toward BTC bears
About $570 million in weekly BTC options expire on Friday, and the recent macro and crypto news events have further tilted the advantage to bearish traders.
SEC Can Try to Appeal Groundbreaking XRP Ruling, Judge Rules
A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws.
Buying The Dip? Shiba Inu Whale Activity Surges As Price Declines Nearly 10%
‘Our Country Is Going to Hell’ — Trump Warns of US Losing Global Currency Dominance
The 45th president and previous White House occupant, Donald Trump cautions that America is in danger of losing its global influence. In an interview with Larry Kudlow, Trump stated while the U.S. retains significant power, its position is “waning”…
Federal Reserve issues enforcement action against FTX-linked US bank
Moonstone Bank, which renamed itself Farmington State Bank, received roughly $11.5 million from FTX’s sister firm, Alameda Research, through its holding company in 2022.
2024 could be very bullish for crypto — Here’s why
This week’s episode of Market Talks discusses why 2024 could be bullish for the crypto industry and if crypto has weathered the storm.
Judge grants SEC request to file motion for appeal in Ripple case
The SEC has until August 18 to officially file its motion and the defendants will have until September 1 to respond.
Mastercard Deepens Tie to CBDCs as Nations Mull Issuing Digital Currencies
Payments giant Mastercard has created a forum where crypto industry players can discuss and collaborate on central bank digital currencies, injecting its influential voice into the CBDC conversation as nations around the world consider whether to…
Ledger Users Can Now Buy Crypto Directly Using PayPal
PayPal has taken another step in its crypto mission following a team-up with hardware wallet provider Ledger. This time around, the payments giant is making it possible for users to purchase crypto directly without the need for extra verifications…
Breaking: Coinbase to suspend USDT trading for Canadian users
Users will still be able to deposit and withdraw USDT, DAI and RAI after the deadline, but trading will be suspended.
Trezor Expands Privacy Features, Introduces Coinjoin For Trezor Model One
In an announcement today, Bitcoin hardware wallet company Trezor revealed the launch of the highly anticipated coinjoin feature for its Trezor Model One, according to a press release sent to Bitcoin Magazine. Building upon the…
Biggest Movers: SHIB Slips to 2-Week Low, SOL Snaps Losing Streak
Shiba inu fell lower for a fifth straight session on Thursday, resulting in the meme coin dropping to a 13-day low. Since hitting a four-month high last Saturday, SHIB has struggled to find a firm floor. On the other hand, Solana ended a recent…
BlockFi opens crypto withdrawals for eligible US users following court order
The lending platform halted client withdrawals amid filing for bankruptcy in November 2022, but later petitioned the court for authorization to return user funds.
Bitcoin Plunges To $28,500, Will This Historical Support Hold Again?
Bitcoin has plunged toward the $28,500 mark during the past day, which happens to be quite near a historically significant support line. Bitcoin Is Now Near The Short-Term Holder Realized Price As pointed out by an analyst in a CryptoQuant post…
How Is Tokenization Impacting Investing?
Decentral Park’s Kelly Ye provides an overview of what tokenization is and how will it affect the investment landscape.
Ethereum is a 'dumpster fire' — Charles Hoskinson
Despite assurances, discrepancies between Cardano's theoretical network capacity and its utility remain.
Coinbase, Tarred as an Illicit Exchange by the SEC, Quietly Got Regulated Elsewhere in the U.S.
As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and…
Fuse CEO Mark Smargon says blockchain payments apps will rival Visa, not Ethereum
Mark Smargon, CEO of Fuse, explains how blockchain-powered payments can fix the “broken traditional payment system.”
Ethereum 'Restaking' Takes Shape as Next Big Trend in Blockchain Security
EigenLayer’s platform for "restaking" is designed to extend Ethereum’s pooled security from ETH stakers to other blockchain systems – a way for developers to bootstrap new networks without having to create their own communities of network…
Dormant Bitcoin Wallet With 1,005 BTC Awakens, Sell Pressure Incoming?
An anonymous Bitcoin wallet holding 1,005 BTC recently woke up after 13 years of dormancy. This dormant wallet was one of the earliest Bitcoin wallets created, having received its first 1,000 BTC transaction in November 2010, just a little over a…
Sam Bankman-Fried Is Now in Jail
It’s a bit of a truism in journalism that any headline that ends in a question that can be answered with “yes” or “no” will usually be answered with “no.” A few weeks ago, however, I asked “Is Sam Bankman-Fried Going to Jail?” and in a r
Bitcoin support levels to watch as BTC price aims at $28K
BTC price still has "heavy support" at the $28,000 mark, with confidence still in place that Bitcoin can avoid a deeper retracement.