McDonald’s Instagram hackers make $700K shilling Grimace memecoin
Scammers hacked the official McDonald’s Instagram account to promote a sham memecoin based on the fast food giant’s mascot Grimace.
Posts published on August 21, 2024 go to media archive 1/5
Polygon (MATIC) Breakout Could Propel Price To $1 In Days: Crypto Analyst
Polygon (MATIC) stands as one of the top performers in today’s crypto market, ranking third among the top-100 cryptocurrencies by market cap as of August 21. With a gain of 9% within the last 24 hours, the MATIC price recent surge is outpaced…
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year
Sen. Cynthia Lummis said the window is closing, but it's not shut yet.
Solana-Based Memecoin Rug Pulled By McDonald’s Hacker, Market Cap Plummets 98%
The crypto ecosystem has seen a surge in memecoins and their popularity over the past year. Still, the craze has ushered in a wave of scams and rug pulls targeting unsuspecting investors. The latest victim of this trend is the Solana-based GRIMACE…
Experts Question Ghana VP’s Gold-Backed Currency Pledge
A Ghanaian banking consultant, Richmond Atuahene, has expressed concerns about Vice President Mahamudu Bawumia’s pledge to back the cedi with gold. Atuahene believes Ghana needs a stable economic environment before implementing this policy…
Protocol Village: Credbull Raises $5.2M, Aave Comes to ZKSync Era
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 22-28.
Nearly Half of All Corporate Election Spending in 2024 Cycle Comes from Crypto Companies, Study Finds
Nearly half of all corporate political contributions in the 2024 election cycle came from cryptocurrency companies, according to a Wednesday report from corporate influence watchdog Public Citizen.
Is A Bitcoin (BTC) Negative Correlation With Stocks A Bullish Signal? Analyst Reveals
Bitcoin (BTC) and U.S. stocks have shown a negative correlation lately, with Bitcoin often moving in the opposite direction of traditional markets. This divergence has caught the attention of analysts and investors, especially as the cryptocurrency…
Bitcoin price hits $61K, but investors still prefer stocks and bonds right now
Investors balance risk as Bitcoin futures dip, reflecting uncertainty before the Federal Reserve's September meeting.
Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing
The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered…
Picking winners in the next cycle — Wyoming Blockchain Symposium VC panel
Crypto startup companies attracted $2.7 billion in venture capital funding during the second quarter of 2024.
Harris aide suggests VP will ‘support policies’ for crypto industry growth
The Democratic presidential candidate has been largely silent on digital assets since launching her campaign on July 21.
Malware exploits weak passwords in PostgreSQL for cryptojacking
Up to 800,000 internet-connected databases could be vulnerable to crypto-mining malware that will use their computing capacity.
TradFi Underestimates Bitcoin's Enormous Scale, Franklin Templeton CEO Says
Bitcoin processed $36.6 trillion in transactions last year, far more than payment network giants Mastercard and Visa combined.
Skyfire launches blockchain payment network that lets AI spend your money
The company is currently focused on B2B, but there are countless potential applications for consumers.
YieldNest launches new liquid restaking token
Stakers with Lido, Frax, Origin and Mantle can “restake” with the DeFi protocol.
Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
Crypto Fund Settles With NFA Over $2.5M Bitcoin Loan
Cryptocurrency fund Ikigai Strategic Partners has agreed to pay a $150,000 fine to the National Futures Association (NFA) following allegations of an illicit bitcoin loan, according to an Aug. 20 decision by an NFA hearing panel. The fine addresses…
Kamala Harris Signals Interest in Friendlier Stance on Crypto: Bloomberg
The cryptocurrency industry has made no secret of its displeasure with the Biden administration's approach towards regulating digital assets.
Glassnode Report Reveals Why The Bitcoin Price Dropped Below $50,000
Bitcoin crashed below $50,000 on August 5 in a sudden dip that saw many positions liquidated in the crypto market. This sudden dip, which cascaded into other cryptocurrencies, took the market by surprise. As such, Bitcoin fell to its lowest price…
'Get Him Home': Binance CEO Urges Nigerian Government to Free Detained Exec
Tigran Gambaryan, a U.S. citizen who works for Binance, has been held in Nigeria since February.
New Binance CEO Sees No Need for IPO as He Plots 100-Year Strategy for Crypto Exchange
Richard Teng, who replaced founder Changpeng "CZ" Zhao in November, is playing the long game.
The Protocol: Now Everyone's Putting a Wrapper on Bitcoin
In this week's issue of CoinDesk's newsletter on blockchain technology, we're covering the drama surrounding "wrapped bitcoin" as Tron founder Justin Sun assumes a custody role, signs of upheaval in the Urbit ecosystem and the rise of dark pools on…
If Men Were Angels: Decentralization’s Silent Comeback
MoonPay’s Keith A. Grossman argues that we are facing a new and insidious form of centralization that’s threatening core civil liberties. But, just as this threat is fueled by emerging technology, it can also be stopped by it.
Highest Court of China Moves to List Virtual Asset Transactions as a Money-Laundering Tool
RFK Jr. Reportedly Dropping Out of Presidential Race, Mulling Trump Endorsement; Bitcoin Jumps Past $61K
The independent candidate has scheduled a national address for Friday.
Polymarket odds of RFK Jr dropping out soar before Aug. 23 address
It’s unclear if the Independent presidential candidate will join forces with Donald Trump, but both are scheduled to speak in the same area on the same day.
Prometheum labels UNI, ARB securities in custody expansion
Prometheum is the only SEC-registered crypto custody provider and already treats ETH as a security.
Deciding who owns your ‘digital twin’ will make or break the metaverse
Research indicates we’ll need to develop a secure, biometrically verified digital twin in order for the metaverse to work.