• Sep 15, 2024

Michael Saylor's MicroStrategy Plans to Raise $700M to Buy More Bitcoin

MicroStrategy, the largest corporate reserve holder of Bitcoin with over $14 billion worth, announced Monday that it plans to buy even more Bitcoin as part of a private offering of $700 million worth of convertible senior notes. The firm said that it will use proceeds from the sale to redeem $500 million in previous senior secured notes that are due in 2028, with an expected total cost of $523.8 million including interest. MicroStrategy then plans to use any remaining proceeds to purchase more B...

• Sep 15, 2024

Zynga’s Crypto Gaming Team Just Spun Out and Revealed a New Game

Zynga, the mega mobile and casual game publisher behind FarmVille, has relinquished control of the Sugartown crypto game and its IP. The team that was working on the game has now relaunched as a new independent company, called D20 Labs, picking up where Zynga left off—and has already revealed a brand new game. D20 Labs was co-founded and is led by Matt Wolf, formerly the VP of Web3 gaming at Zynga, alongside ex-Zynga Web3 General Manager Tommy Ngo. By breaking off from the mobile gaming publishe...

• Sep 15, 2024

Bitcoin Critic Elizabeth Warren Urges Fed Chair to Make Massive Rate Cut

Senator Elizabeth Warren is pushing the Federal Reserve to lower interest rates dramatically this week, with the outspoken crypto critic arguing that higher borrowing costs have threatened the U.S. economy for too long. “Now is the time to swiftly move forward with rate cuts,” the Senator from Massachusetts wrote in a letter addressed to Fed Chair Jerome Powell. The letter was also signed by Senators John Hickenlooper (D-CO) and Sheldon Whitehouse (D-RI). In the letter, lawmakers called for a 75...

• Sep 15, 2024

MicroStrategy, Coinbase Stock Dip as Bitcoin Price Momentum Cools

Crypto stocks across the board took a dive at Monday’s open after Bitcoin failed to maintain its early weekend momentum, but some are starting to rebound as the day goes on. At 9:45 am ET, Coinbase (COIN) fell 4% to $156.63. MicroStrategy (MSTR), the world’s largest corporate Bitcoin holder, dipped by 5% to about $133, while the Valkyrie Bitcoin Miners ETF (WGMI) fell by the same amount to a price of nearly $16. By comparison, the S&P 500 traded flat, and the Nasdaq 100 traded 0.5% down at Monda...

• Sep 15, 2024

Trump Meme Coins Fall After Second Assassination Attempt

Former president Donald Trump survived yet another suspected assassination attempt over the weekend. But this time political meme coins related to the Republican nominee have tanked over the week, causing some traders to question the dynamic between meme coin prices and relevant news events. After the first Trump assassination attempt, Solana meme coin TREMP jumped 71% over the following 24 hours, with TRUMP up 39% and MAGA also climbing 33%. In contrast, TREMP is down 5% over the past 24 hours,...

• Sep 15, 2024

Florida Man Hit With 47 Years in Prison Over Violent Home Invasions to Steal Bitcoin

A Florida man was sentenced to 47 years in prison last Wednesday for orchestrating a series of home violent invasions targeting owners of Bitcoin and other cryptocurrencies, stealing $3.5 million through brute force and SIM-swapping attacks alongside 13 other co-conspirators. Remy St Felix, 24, was the leader of a home invasion crew that held victims at gunpoint in Delray Beach and Homestead, Florida, according to the U.S. Department of Justice (DOJ). St Felix’s victims were assaulted and bound...

• Sep 15, 2024

USDC Is Now Supported on Sony Ethereum L2 Soneium

Stablecoin issuer Circle had added support for its Bridged USDC Standard on Sony's Ethereum layer-2 network Soneium.  Sony Block Solutions Labs to integrate Bridged USDC Standard on Soneium, a public Ethereum layer 2 blockchain ecosystem. The partnership with Sony Block Solutions Labs, the team behind the new L2, will make USDC one of the primary tokens for value exchange on the platform, according to a joint statement from the companies. The integration of bridged USDC is expected to ease the c...

• Sep 15, 2024

Mushroom Learns to Crawl After Researchers Give It a Robotic Body

The world of biorobotics is undergoing a transformation as scientists from Cornell University and the University of Florence have developed biohybrid robots powered by the electrical signals of mushroom mycelium. This new approach showcases the potential for incorporating living organisms into robotic systems to enhance their adaptability and responsiveness. Led by Anand Mishra and Professor of Mechanical Engineering, Robert F. Shepherd, the research team cultivated king oyster mushroom (Pleurot...

• Sep 15, 2024

‘Flappy Bird’ Returns as Telegram Crypto Game But Creator Denies Involvement

Following days of speculation about the nature of the game’s return, it’s now official: After disappearing 10 years ago, mobile game Flappy Bird has first relaunched as a mini app on the Telegram messaging platform with an apparent token in the works on The Open Network (TON). Flappy Bird’s return is being done in collaboration with Notcoin, the tap-to-earn Telegram game that kickstarted the craze earlier this year. Notcoin is billed as the “strategic publishing partner” for the Telegram version...

• Sep 15, 2024

DeFi Protocol DeltaPrime Suffers $5.9 Million Loss in Private Key Exploit

Crypto cybersecurity firm Cyvers has reported a security incident affecting DeltaPrime, a decentralized finance (DeFi) protocol on the Arbitrum network. According to a tweet from Cyvers, the ongoing incident resulted in an initial estimated loss of $4.5 million—subsequently updated to $5.93 million as a “suspicious address” continued to drain funds from DeltaPrime’s liquidity pools. ?ALERT?@DeltaPrimeDefi has faced a security incident on their admin keys. Attacker had control on the private k...